The Global variable frequency drive Market was valued at US$ 15.40 Billion in 2014 and it is projected to cross USD XX billion by 2022, at a CAGR of 7.3% during the forecast period from 2014 to 2022. VFD is a type of adjustable-speed drive used in electro-mechanical drive systems to control AC motor speed and torque by varying motor input frequency and voltage.
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