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.
In the alternating current (AC) drives market, electronic devices that regulate the frequency and voltage of the AC power provided to electric motors to control their speed and torque are manufactured, distributed, and...
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