Variable Frequency Drive Market to Grow at 7.2% CAGR to 2026

The global variable frequency drive (VFD) market is expected to increase at a 7.2 percent compound annual growth rate (CAGR) in terms of value during 2016 to 2026, according to a report from Future Market Insights (FMI). Volume-wise, FMI estimates the VFD market to expand at an 8.5 percent CAGR.