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North America Variable Frequency Drive Market Boosting The Growth Worldwide - Industry Dynamics And Trends, Efficiencies Forecast By 2032

Posted by Latest Market Trends on February 27, 2024 at 9:43am 0 Comments

The North America variable frequency drive market is on a robust growth trajectory, anticipating a significant valuation of US$ 5,056.2 million by 2032, following a noteworthy milestone of US$ 4,770 million in 2022. This optimistic outlook is supported by a commendable compound annual growth rate (CAGR) of 6% projected for the entire forecast period.

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

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