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Press Release: U.S. Variable Frequency Drive Market to hit $3 billion by 2025: Global Market Insights, Inc.


Selbyville, Delaware, Feb. 11, 2019 (GLOBE NEWSWIRE) --
The Medium-voltage drives segment of U.S. variable frequency drive market, in the current industry scenario have observed growth subject to their wide application across the commercial and industrial establishments. Rapid retrofitting & refurbishment of existing units & solutions in conjunction with industry standards and codes has re-structured the U.S. VFD market dynamics. Increasing fund flow coupled with aligned industrial focus towards the upgradation of traditional technologies will further amplify the industry growth.Global U.S. Variable Frequency Drive Market is expected to surpass USD 3 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Increasing environmental concerns coupled with the introduction of directives and standards toward energy efficiency will drive the VFD market across the U.S. Ongoing urbanization, rising industrialization, and the shift in focus on effective energy utilization across various industries will augment the industry landscape. Furthermore, government incentives & funds, R&D investments, technological enhancements, and rising demand for advance product portfolio are key factors positively influencing the business scenario.Technological enhancements along with growing demand for energy optimization across electrical components has boosted the incorporation for micro power drives. These units offer precise control of torque & speed with limited maintenance, compact size and high efficiency which in turn will augment the U.S. VFD market. The global infrastructure investments in 2016, valued over USD 79 trillion across large-scale industries including water, energy, telecommunication and transport.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3104


Posted: 2019-02-11 10:00:00

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