July 24, 2023 06:08 ET | Source: Research and Markets Research and Markets
Dublin, July 24, 2023 (GLOBE NEWSWIRE) -- The "Marine Variable Frequency Drive (VFD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Marine Variable Frequency Drive (VFD) estimated at US$837.3 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. 15kw Vfd
AC Drive, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$898.9 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the DC Drive segment is readjusted to a revised 8.3% CAGR for the next 8-year period. The U.S. Market is Estimated at $228.1 Million, While China is Forecast to Grow at 12.9% CAGR The Marine Variable Frequency Drive (VFD) market in the U.S. is estimated at US$228.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$370.5 Million by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Select Competitors (Total 37 Featured) -
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/uxdvct
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