Variable Frequency Drive Market is estimated to reach US$ XX Bn by 2026 in terms of revenue at CAGR of XX % in the forecasting period of 2019-2026.
Introduction of standards and directives toward energy efficiency coupled with the rising adoption of renewable energy systems will drive the variable frequency market. In 2014, the U.S. Department of Energy has introduced standards for energy efficiency under which all HVAC systems deployed on or after January 2015 should follow seasonal energy efficiency ratio standards.
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