Is the Marine VFD Market Expected to Reach USD 952 Million by 2034 at a 4.0% CAGR?
According to a new report from Intel Market Research, the global Marine VFD market was valued at USD 728 million in 2026 and is projected to reach USD 952 million by 2034, growing at a CAGR of 4.0% during the forecast period. This steady growth reflects the maritime industry's accelerating shift toward energy-efficient solutions and automation technologies.
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