Variable Frequency Drives Market: Growing Demand from Asia Pacific to Push the Growth at 7.0% CAGR During 2014-2020
Estimates the variable frequency drives market to be valued at US$24,703.4 million by the end of 2020. The market was worth US$15,489.0 million in 2013. A variable frequency drive is a type of motor controller that drives an electric motor by varying the voltage and speed supplied to the electric motor. According to the report, increasing use of induction motors in a wide range of applications is expected to boost the demand for variable frequency drives. The need for reliable...
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