Variable Frequency Drive Market
Over the projected period, the expansion of the global variable frequency drive (VFD) market is anticipated to be constrained by the high beginning prices of medium voltage VFDs. While the cost of VFDs has decreased over the past ten years, medium voltage VFDs still have a high price. Industrial applications for medium voltage VFDs are typical, and their use is anticipated to rise during the projected period. However, a significant barrier is the high initial cost of medium voltage VFDs. In addition, consumers like cheap Chinese-made goods in order to control costs.
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