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