The variable frequency drive (VFD) market is projected to exceed USD 36,072.17 million in 2024, with an estimated valuation of USD 62,203.02 million by 2034, growing at a CAGR of 5.60% from 2024 to 2034. VFDs play a pivotal role in smart grid initiatives, enhancing power distribution network stability and optimizing energy consumption. Their integration …