The U.S. variable frequency drive market is on a steady upward trajectory. Valued at USD 4.70 billion in 2023, the market is projected to grow at a CAGR of 5.0% from 2024 to 2030, reaching an estimated USD 6.55 billion by the end of the forecast period. In fact, the market was already expected to climb to roughly USD 4.89 billion in 2024, signaling consistent near-term momentum.
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