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North America Variable Frequency Drive Market Growth, Share, Industry Revenue Till 2032

Posted by Latest Market Trends on May 29, 2024 at 1:18pm 0 Comments

The North America variable frequency drive market is experiencing robust growth, with an anticipated valuation of USD 5,056.2 million by 2032, following a significant milestone of USD 4,770 million in 2022. This positive trajectory is underpinned by a commendable compound annual growth rate (CAGR) of 6% projected for the entire forecast period.

A primary driver behind this exceptional expansion is the escalating electricity rates in North America. As energy costs continue to… Continue 8509491

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