April 16, 2024

AC Drives Market 2024 – Global Industry Size, Trends, Share and Growth Forecast to 2026 report provides comprehensive information on current scenario which includes historical and projected AC Drives Market insights. AC Drives Market is expected to expand at the highest growth rate by 2026.

The global AC drives market size stood at USD 10.39 billion in 2018 and is projected to reach USD 15.62 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. 

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Global AC Drives Market By Power Rating (Low Power Drives, Medium Power Drives, and High Power Drives), By Voltage (Low Voltage and Medium Voltage), By Application (Pumps, Conveyors, Compressors, Electric Fan), By End-User (Food & Beverage, Oil & Gas, Power Generation, Building Automation, Metal & Mining, Water & Wastewater, Chemical & Petrochemicals) and Regional Forecast, 2019-2026

Key Players Insights:
The research provides a comprehensive analysis of market participants with coverage on company portfolio, growth strategies, target customers, operating geography and other updates. The study provides analysis on market participants including:

  • ABB
  • Danfoss Group
  • Schneider Electric
  • Siemens
  • Fuji Electric
  • Emerson
  • Parker Hannifin
  • Rockwell Automation
  • Toshiba International Corporation
  • WEG
  • Yaskawa Electric Corporation


AC Drives Market Industry Competitive Analysis:

On March 18, 2021, Rockwell Automation has improved security, performances, and commissioning with the enhancement in the PowerFlex AC drive. Furthermore, the drives are embedded with a dual Ethernet port, which helps the user to get smart device insights.
On July 14, 2021, Toshiba Mitsubishi-Electric Industrial Systems Corporation has delivered a motor drive system and an automation system to a mill facility in China. This has enabled the facility to improve various functions, expand the type and size of steel production.

The Global AC Drives Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the forecast period

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The report shares key insights on:

  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Competitive landscape

Industry Segmentations:


  • By Power Rating
    • Low Power Drive
    • Medium Power Drive
    • High Power Drive
  • By Voltage
    • Low Voltage
    • Medium Voltage
  • By Application
    • Pumps
    • Conveyors
    • Compressors
    • Electric Fan
    • Extruders
    • Others
  • By End-User
    • Food & Beverage
    • Oil & Gas
    • Power Generation
    • Building Automation
    • Metal & Mining
    • Water & Wastewater
    • Chemicals & Petrochemicals
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America


 Frequently Asked Questions (FAQs) for AC Drives Market Report:

A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:

  • What is the current global energy mix, and how is it expected to change in the future?
  • What are the main challenges facing the energy and power industry?
  • How are technological advancements impacting the way we generate, transmit, and distribute electricity?
  • What role do government policies play in shaping the energy and power landscape?
  • What are the potential impacts of climate change on the energy and power industry?
  • What is the future of energy prices?

Detailed TOC of Global AC Drives Market Report 2024

  •  Report Overview
    • Research Scope
    • Market Segment by Type
      • Global AC Drives Market Size Growth Rate by Type
    • Market Segment by Application
      • Global AC Drives Market Share by Application
    •  Others
      • Study Objectives
      • Years Considered
    • Market Perspective
      • Global AC Drives Market Size (2024-2026)
        • Global AC Drives Market Revenue (2024-2026)
        • Global AC Drives Market Sales (2024-2026)
      • Global AC Drives Market Size across Key Geographies Worldwide:
        • Global AC Drives Market Sales by Regions (2024-2024)
        • Global AC Drives Market Revenue by Regions (2024-2024)
      • Global AC Drives Market Size Forecast by Region
        • Global AC Drives Market Sales Forecast by Region (2024-2026)
        • Global AC Drives Market Revenue Forecast by Region (2024-2026)
      • Global Top AC Drives Market Regions (Countries) Ranking by Market Size
      • AC Drives Market Industry Trends
        • AC Drives Market Trends
        • AC Drives Market Drivers
        • AC Drives Market Challenges
        • AC Drives Market Restraints
      • Competitive Landscape by Manufacturers
      • Global AC Drives Market Size by Type
      • Global AC Drives Market Size by Application
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
      • Company Profiles
      • Value Chain and Sales Channels Analysis
      • Research Findings and Conclusion
      • Appendix


TOC continued …

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