According to Cognitive Market Research, The Global HVAC Systems Used AC Drives Market size will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
The need for variable frequency drives (VFD) is steadily rising as a result of the ever-increasing penetration of connected devices throughout the many sectors, including residential, commercial, and industrial sectors. Numerous advantages of variable frequency drives include dynamic torque control, customizable speed, and energy savings.
Demand for below 10 KW remains higher in the HVAC Systems Used AC Drives Market.
The Pumps category held the highest source of HVAC Systems Used AC Drives Market share in 2023.
In 2023, the Asia Pacific region accounted for the largest revenue share. The industrial Internet of Things (IIoT), which connects equipment and automates processes, is expected to boost operational efficiency further.
