GROWING demand for electrical efficiency and increasing investment in modernisation of infrastructure will drive the global VFD (variable frequency drives)/VSD (variable speed drives)/ASD (adjustable speed drives)/inverters market to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017, according to a report available from ReportsnReports.
The factors driving growth in the VFD market are rising energy prices, stringent efficiency regulations, and increased awareness of the advantages of the drives. Though the market experienced a slight growth rate reduction in 2012, this effect will apparently be short lived and the market will bounce back with steady growth in the future.
