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The global variable frequency drive market is expected to grow at a decent pace over the forecast period as mentioned by a released report by Market Research Future (MRFR). The report also states that the global market is projected to attain a CAGR of 6.3% during the forecast period between 2018 and 2023. The report is aimed at bringing forward an in-depth look of the global market through various findings like segmentation, regional diversification, competitive analysis, and driving factors of the market.