Marine VFD Market worth $1.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Marine VFD Market is expected to reach USD 1.6 billion by 2030 from USD 1.1 billion in 2023 at a CAGR of 5.0% during the 2023–2030 period according to a new report by MarketsandMarkets™. Marine VFDs are essential because they help reduce power consumption, prevent damage, and enhance safety. VFDs also allow remote tracking of ship VFDs, regulate speed and torque, and provide fuel savings. The majority of propeller applications use VFDs, which can boost energy efficiency.
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Found: 04.10.2023

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