Variable Frequency Drive Market Summary The global variable frequency drive (VFD) market size was estimated at USD 28.38 billion in 2024 and is projected to reach USD 39.67 billion by 2030, growing at a CAGR of 5.9% from 2025 to 2030. The increasing integration of connected devices across commercial, industrial, and residential sectors, along with the rising adoption of VFDs due to their benefits such as dynamic torque control, energy efficiency, and adjustable speed capabilities,...