The global AC Drives Market size was valued at USD 23.57 Billion in 2022 and is projected to reach USD 42.04 Billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030.
An AC drive is a device used to control the speed of an electrical motor to enhance process control. Reduce energy usage and generate energy efficiently. Decrease mechanical stress on motor control applications. Optimize the operation of various applications relying on electric motors.
AC drives enable soft-start and soft-stop capabilities, reducing mechanical stress during motor start-up and shutdown. This feature prolongs the lifespan of motors and other connected equipment and contributes to energy savings by preventing abrupt, energy-intensive starts.
Top Key Players Covered AC Drives Market
Rockwell Automation, Inc. (USA), Emerson Electric Co. (USA), Parker Hannifin Corporation (USA), TMEIC Corporation (USA), ABB (Switzerland), Siemens AG (Germany), Invertek Drives Ltd. (United Kingdom), Control Techniques (Nidec Corporation) (United Kingdom), Lenze SE (Germany), Schneider Electric SE (France), Bonfiglioli Riduttori S.p.A. (Italy), Danfoss Group (Denmark), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), Yaskawa Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Hitachi, Ltd. (Japan), Nidec Corporation (Japan), Toshiba Corporation (Japan), Delta Electronics, Inc. (Taiwan), Vacon (Nidec Corporation) (Finland), Hiconics Drive Technology Co., Ltd. (China), Hyosung Heavy Industries Corporation (South Korea), LS Electric (South Korea), WEG S.A. (Brazil)
Get Free PDF Sample Report
https://introspectivemarketresearch.com/request/16545
This report analyzes the dynamic AC Drives market summary, growth possibilities, and a market performance that will lead to profitability. In continuation, it covers the leading key players are strategically profiled and their growth strategies. It analyzes competitive scenarios such as developments, agreements, new launching products, and market acquisitions. Furthermore, the report presents revise and forecast the market size in the international market. To study the market key players, SWOT analysis, value and global market share for leading players.
Segmentation Analysis of The AC Drives Market
The AC Drives market segments cover Voltage, Power Voltage, Application, and End User. By Power Voltage, the Low Power segment is Anticipated to Dominate the Market Over the Forecast period.
The report especially covers the supply chain analysis, the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. In research studies, statistical forecasts are available for the AC Drives market along with its main segments.
This report discusses the key segments, their growth prospects, and the new opportunities they present to market participants. Then, the report also provides important distinguishing information regarding each of the market segments. These segments are analyzed further on different fronts such as historical performance, market size contributions, market share, and expected rate of growth.
By Voltage
· Low Voltage
· Medium Voltage
· High Voltage
By Power Voltage
· Low Power
· Medium Power
· High Power
By Application
· Pump
· Fan
· Conveyor
· Compressor
· Extruders
Any Doubt or Need Customization Report @
https://introspectivemarketresearch.com/custom-research/16545
The AC drives market in Asia Pacific is expected to account for major revenue share in the target market and projected to grow at a rapid rate in the target market in the next 10 years. This dominance is attributed to rapid industrialization, coupled with growing power generation, building automation, and other industries, increasing investments and initiatives by government in projects for digitalized infrastructure and energy sector. The Europe market is projected to register moderate growth in terms of revenue in the target market, owing to increasing industrialization and need for saving energy. The North America market is projected to grow at a moderate rate in the global AC drives market.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
AC drives market is expected to register significant CAGR during the forecast period, especially in Asia-Pacific region, due to increasing growth of large-scale industries and demand of AC drives in wide range of application from various industries, especially form China and India. North America is leading the production capacity of AC drives, attributed to increasing urbanization and developments in end-user industries. Some important factors driving the growth of market in the region include increasing growth and technological advancement of drives market, and extensive end-user application in various industries.
Buy Now The AC Drives Market :
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16545
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
English
Arabic
French
Spanish
Portuguese
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek