FMI Study Affirms North American Variable Frequency Drive Market Set to Cross US$ 5,056.2 Million Valuation by 2032 with Steady 6% CAGR

TheĀ North America variable frequency drive marketĀ is experiencing robust growth, with an anticipated valuation of US$ 5,056.2 million by 2032, following a significant milestone of US$ 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 …