HOME Top Market Reports AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium, and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders), End-Use Industry and Region - Global Trends & Forecast to 2021

AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium, and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders), End-Use Industry and Region - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: EP 3803

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The AC drives market was valued at USD 14.68 Billion in 2015, and is expected to grow at a CAGR of 7.0% from 2016 to 2021. Increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency are major factors driving the AC drives market.

The years considered for the study are as follows:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define and segment the global AC drives market
  • To estimate the market size, in terms of value, of the global AC drives market
  • To analyse the market with respect to end-use industry, application, voltage, power rating, and region
  • To provide a detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyse the major stakeholders of the global AC drives market and provide details of the competitive landscape for key market leaders
  • To study industrial trends and forecast the North American, European, Asia-Pacific, South American, the Middle East, and African markets
  • To track and analyse competitive developments such as contract agreements, mergers and acquisitions, new product developments, and Research and Development (R&D) in the AC drives market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global AC drives market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing AC drives
  • Analysis of major applications of and demand for AC drives from end-use industries
  • Assessment of future trends and industrial growth of end-use industries
  • Assessment of AC drives market with respect to the voltage used for different applications
  • Study of market trends in various regions/countries supported by application of AC drives in the power electronics, alternative energy, industrial, transportation, telecom and other industries
  • Study of contracts and developments related to AC drives, for key players, across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing AC drives across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

AC Drives Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global AC drives market starts with suppliers of basic components such as transistors, inverters, and DC circuit & rectifier units. The manufactured parts are then assembled by the OEM (original equipment manufacturer) to form an AC drive set, which is then tested. This stage is followed by the distribution stage, following which the product is provided to the end-users. Distribution is the next stage of the supply chain. The top players of the industry market their products through self-operated sales offices located near target markets, while regional players rely on distribution partnerships to access diverse markets. Some of the major players in AC drives market are ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan) , among others.

Target Audience:

The report’s target audience includes:

  • AC drives manufacturers, dealers, and suppliers
  • AC  drives equipment manufacturing companies
  • Government and research organizations
  • Environmental and industrial associations
  • Banks, venture capitalists, financial institutions, and other investors
  • Market research and consulting firms

Scope of the Report:

  • By Voltage
    • Low Voltage
    • Medium Voltage
  • By Application
    • Pumps
    • Fans
    • Compressor
    • Conveyors
    • Extruders
    • Other application
  • By End–Use Industry
    • Oil & Gas
    • Water & wastewater
    • Power generation
    • Building Automation
    • Food & Beverage
    • Metals & Mining
    • Chemicals & Petrochemicals
    • Other industries
  • By Power Rating
    • Low Power Drives (< 40 kW)
    • Medium Power Drives (41 – 200 kW)
    • High Power Drives (> 200 kW)
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for The Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 25)
    3.1 Historical Backdrop
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in The AC Drives Market,  2016–2021
    4.2 Asia-Pacific Accounted for The Largest Market Share  in 2015
    4.3 AC Drives Market, By Application, 2014–2021
    4.4 AC Drives Market in The Asia-Pacific Region
    4.5 Low Voltage AC Drives Segment is Expected to Dominate The Global Market During The Forecast Period
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 AC Drives: Market Segmentation
           5.2.1 By Voltage
           5.2.2 By Application
           5.2.3 By Power Rating
           5.2.4 By Industry
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Urbanization & Industrialization
                    5.3.1.2 Rising Need for Energy Efficiency
                    5.3.1.3 Regulations on Energy Efficiency
           5.3.2 Restraints
                    5.3.2.1 Decrease in Greenfield Investment
           5.3.3 Opportunities
                    5.3.3.1 Huge Opportunity in The Replacement Sector
                    5.3.3.2 Industrial Internet of Things (IIoT)
           5.3.4 Challenges
                    5.3.4.1 Regional Level Competition From Local Players

6 AC Drives Market, By Voltage (Page No. - 46)
    6.1 Introduction
    6.2 Low Voltage
    6.3 Medium Voltage

7 AC Drives Market, By Power Rating (Page No. - 51)
    7.1 Introduction
    7.2 Low Power
    7.3 Medium Power
    7.4 High Power

8 AC Drives Market, By End-Use Industry (Page No. - 58)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Water & Wastewater
    8.4 Power Generation
    8.5 Building Automation
    8.6 Food & Beverage
    8.7 Metals & Mining
    8.8 Chemicals & Petrochemicals
    8.9 Others

9 AC Drives Market, By Application (Page No. - 67)
    9.1 Introduction
    9.2 Pumps
    9.3 Fans
    9.4 Compressors
    9.5 Conveyors
    9.6 Extruders
    9.7 Others

10 AC Drives Market, By Region (Page No. - 74)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 By Voltage
             10.2.2 By Application
             10.2.3 By Power Rating
             10.2.4 By End-Use Industry
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 Japan
                        10.2.5.3 India
                        10.2.5.4 Australia
                        10.2.5.5 Rest of Asia-Pacific
     10.3 Europe
             10.3.1 By Voltage
             10.3.2 By Application
             10.3.3 By Power Rating
             10.3.4 By End-Use Industry
             10.3.5 By Country
                        10.3.5.1 Germany
                        10.3.5.2 France
                        10.3.5.3 Russia
                        10.3.5.4 U.K.
                        10.3.5.5 Italy
                        10.3.5.6 Rest of Europe
     10.4 North America
             10.4.1 By Voltage
             10.4.2 By Application
             10.4.3 By Power Rating
             10.4.4 By End-Use Industry
             10.4.5 By Country
                        10.4.5.1 U.S.
                        10.4.5.2 Canada
                        10.4.5.3 Mexico
     10.5 Middle East & Africa
             10.5.1 By Voltage
             10.5.2 By Application
             10.5.3 By Power Rating
             10.5.4 By End-Use Industry
             10.5.5 By Country
                        10.5.5.1 Saudi Arabia
                        10.5.5.2 Uae
                        10.5.5.3 South Africa
                        10.5.5.4 Rest of The Middle East & Africa
     10.6 South America
             10.6.1 By Voltage
             10.6.2 By Application
             10.6.3 By Power Rating
             10.6.4 By End-Use Industry
             10.6.5 By Country
                        10.6.5.1 Brazil
                        10.6.5.2 Argentina
                        10.6.5.3 Rest of South America

11 Competitive Landscape (Page No. - 103)
     11.1 Overview
     11.2 Competitive Situations & Trends
             11.2.1 New Product Developments
             11.2.2 Investments & Expansions
             11.2.3 Contracts & Agreements
             11.2.4 Mergers & Acquisitions
             11.2.5 Other Developments

12 Company Profiles (Page No. - 110)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.1 Introduction
     12.2 ABB Ltd.
     12.3 Danfoss Group
     12.4 Schneider Electric Se
     12.5 Siemens AG
     12.6 Mitsubishi Electrical Corporation
     12.7 Fuji Electric Co. Ltd.
     12.8 Emerson Electric Co.
     12.9 Hitachi Ltd.
     12.10 Parker Hannifin Corporation
     12.11 Rockwell Automation, Inc.
     12.12 Toshiba International Corporation
     12.13 WEG SA
     12.14 Yaskawa Electric Corporation

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 151)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (76 Tables)

Table 1 AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 2 Low Voltage: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 3 Medium Voltage AC Drives Used By Different End-Use Industries
Table 4 Medium Voltage: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 5 AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 6 Low Power: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 7 Medium Power: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 8 High Power: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 9 AC Drives Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 10 Oil & Gas: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 11 Water & Wastewater: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 12 Power Generation: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 13 Building Automation: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 14 Food & Beverage: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 15 Metals & Mining: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 16 Chemicals & Petrochemicals: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 17 Others: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 18 AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 19 Pumps: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 20 Fans: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 21 Compressors: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 22 Conveyors: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 23 Extruders: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 24 Others: AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 25 AC Drives Market Size, By Region, 2014–2021 (USD Million)
Table 26 Asia-Pacific: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 27 Asia-Pacific: AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 28 Asia-Pacific: AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 29 Asia-Pacific: AC Drives Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 30 Asia-Pacific: AC Drives Market Size, By Country, 2014–2021 (USD Million)
Table 31 China: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 32 Japan: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 33 India: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 34 Australia: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 35 Rest of Asia-Pacific: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 36 Europe: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 37 Europe: AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 38 Europe: AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 39 Europe: AC Drives Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 40 Europe: AC Drives Market Size, By Country, 2014–2021 (USD Million)
Table 41 Germany: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 42 France: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 43 Russia: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 44 U.K.: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 45 Italy: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 46 Rest of Europe: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 47 North America: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 48 North America: AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 49 North America: AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 50 North America: AC Drives Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 51 North America: AC Drives Market Size, By Country, 2014–2021 (USD Million)
Table 52 U.S.: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 53 Canada: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 54 Mexico: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 55 Middle East & Africa: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 56 Middle East & Africa: AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 57 Middle East & Africa: AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 58 Middle East & Africa: AC Drives Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 59 Middle East & Africa: AC Drives Market Size, By Country, 2014–2021 (USD Million)
Table 60 Saudi Arabia: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 61 Uae: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 62 South Africa: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 63 Rest of The Middle East & Africa: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 64 South America: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 65 South America: AC Drives Market Size, By Application, 2014–2021 (USD Million)
Table 66 South America: AC Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 67 South America: AC Drives Market Size, By End-Use Industry,  2014–2021 (USD Million)
Table 68 South America: AC Drives Market Size, By Country, 2014–2021 (USD Million)
Table 69 Brazil: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 70 Argentina: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 71 Rest of South America: AC Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 72 New Product Developments, 2015–2016
Table 73 Investments & Expansions, 2014–2016
Table 74 Contracts & Agreements, 2015–2016
Table 75 Merger & Acquisitions, 2014–2016
Table 76 Other Developments, 2015–2016


List of Figures (60 Figures)

Figure 1 AC Drives: Market Segmentation
Figure 2 AC Drives Market: Country-Wise Scope
Figure 3 AC Drives Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation,  & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Asia-Pacific Occupied The Largest Market Share (Value) in 2015
Figure 9 AC Drives Market Share (By Value), By Voltage,  2016 & 2021 (USD Million)
Figure 10 Oil & Gas and Water & Wastewater Segments are Expected to Account for The Maximum Share During The Forecast Period
Figure 11 AC Drives Market Snapshot: Asia-Pacific is Expected to Exhibit The Highest Growth Rate in The Next 5 Years
Figure 12 Pumps Segment Was The Largest Application in 2016 and is Projected to Remain So Till 2021
Figure 13 Top Market Development (2014–2015)
Figure 14 Increasing Urbanization, Industrialization, & Need for Energy Saving are Expected to Drive The Demand for AC Drives
Figure 15 The Asia-Pacific and The Middle East & Africa Markets are Expected  to Grow at A Fast Pace During The Forecast Period
Figure 16 Pumps Segment is Expected to Hold The Largest Share During The Forecast Period
Figure 17 The Chinese AC Drives Market is Projected to Hold The Largest Share in Asia-Pacific During The Forecast Period
Figure 18 Low Voltage Segment Accounted for The Largest Market Share in 2015
Figure 19 The Asia-Pacific Market is Expected to Grow at The Highest Rate During The Forecast Period
Figure 20 AC Drives Market Segmentation By Voltage, Application,  Power Rating, End-Use Industry, & Region
Figure 21 Market Dynamics of AC Drives
Figure 22 Urbanization Trend
Figure 23 Industrial Electricity Prices, Europe, 2011–2014
Figure 24 Motor Efficiency Regulations: A Timeline
Figure 25 Decline in Brent Crude Oil Prices Since January 2014
Figure 26 Comparison Between Energy Saving Obtained By Using Dc Drives & AC Drives
Figure 27 Low Voltage AC Drives Segment Held The Largest Market Share  (By Value) in 2015
Figure 28 Medium Voltage Segment is Expected to Grow at The Highest CAGR During The Forecast Period
Figure 29 Low Power Segment Held The Largest Market Share (By Value) in 2015
Figure 30 Asia-Pacific is Expected to Be Fastest Growing Region in Low Power AC Drives Market During The Forecast Period
Figure 31 Medium Power AC Drives Market Share (By Value), By Region, 2015
Figure 32 High Power AC Drives Market Share (By Value), By Region, 2015
Figure 33 Application vs Industry Matrix
Figure 34 Oil & Gas Segment is Expected to Account for The Largest Market Share in 2016
Figure 35 Global Snapshot: Pumps Segment is Expected to Dominate The AC Drives Market During The Forecast Period
Figure 36 Asia-Pacific to Drive The AC Drives Market, By Region, 2016–2021
Figure 37 Regional Snapshot—Growth Rate of AC Drives Market in Important Countries, 2016–2021
Figure 38 Asia-Pacific AC Drives Market Overview (2015)
Figure 39 Europe AC Drives Market Overview (2015)
Figure 40 Companies Adopted Investments & Expansions and New Product Developments to Capture The Market, 2012–2016
Figure 41 Market Evaluation Framework: New Product Developments, Contracts & Agreements, and Investments & Expansions Have Fueled The Growth of Companies, 2012–2016
Figure 42 Region-Wise Revenue Mix of The Top 5 Market Players
Figure 43 ABB Ltd.: Company Snapshot
Figure 44 ABB Ltd.: SWOT Analysis
Figure 45 Danfoss Group: Company Snapshot
Figure 46 Danfoss Group : SWOT Analysis
Figure 47 Schneider Electric Se: Company Snapshot
Figure 48 Schneider Electric Se: SWOT Analysis
Figure 49 Siemens AG: Company Snapshot
Figure 50 Siemens AG: SWOT Analysis
Figure 51 Mitsubishi Electrical Corporation: Company Snapshot
Figure 52 Mitsubishi Electrical Corporation : SWOT Analysis
Figure 53 Fuji Electric Co. Ltd.: Company Snapshot
Figure 54 Emerson Electric Co.: Company Snapshot
Figure 55 Hitachi Ltd.: Company Snapshot
Figure 56 Parker Hannifin Corporation: Company Snapshot
Figure 57 Rockwell Automation, Inc.: Company Snapshot
Figure 58 Toshiba International Corporation: Company Snapshot
Figure 59 WEG SA: Company Snapshot
Figure 60 Yaskawa Electric Corporation: Company Snapshot

The global AC drives market is projected to grow at a CAGR of 7.0% from 2016 to 2021, to reach a market size of USD 22.07 Billion by 2021. This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.

The report segments the AC drives market based on end-user industries into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries. Oil & gas segment is the largest end-user of AC drives as it offers good speed controls & high energy savings. Based on voltage, the AC drives market has been segmented in low voltage and medium voltage AC drives. The low voltage AC drives segment is expected to dominate the AC drives market during the forecast period. The AC drives market has also been segmented based on power rating into three segments: low (below 40 kW), medium (41 – 200 kW), and high (above 200 kW). Demand from building automation, food & beverage, oil & gas, construction, and pulp & paper industries will drive the low power AC drives market during the forecast period. The report segments the AC drives market based on applications into pump, fan, compressors, conveyors, extruders, and others. Increased demand for HVAC applications offered by pumps is expected to dominate the AC drives market.

In this report, the AC drives market has been analysed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global AC drives market during the forecast period. Asia-Pacific is also projected to grow at the fastest CAGR from 2016 to 2021, owing to rising need for energy efficiency and industrialization in the region.

AC Drives Market

The decrease in Greenfield investment owing to continuous fall in oil prices is expected to slow down the demand for AC drives for the forecast period. However, AC drives have huge opportunity in replacement sector. In addition, industrial internet of things (IIoT) is also an opportunity for AC drives market. Some of the leading players in the AC drives market include ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan). New product development was the strategy most commonly adopted by top players in the market, constituting 26.5% of the total developments from 2012 to 2016. It was followed by investment & expansion, contracts & agreements, and mergers & acquisitions.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Pumps Motors and Control Devices Markets on KnowledgeStore
Request Demo