2023 is considered as a base year to forecast the market from 2024 to 2030. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe.

The report explores the Variable Frequency Drive market's segments (Type, Application, Power Rating, and End-User). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America).