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, and Others), End-use Industry and by Region - Global Trends & Forecast to 2020

AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders, and Others), End-use Industry and by Region - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: EP 3803

 

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


The Alternate Current (AC) drive is an electronic device that controls the speed of an electric motor by changing the voltage, frequency, and magnetic flux in a motor circuit. Its advantages are primary increased energy savings and reduced motor wear. It is majorly used for variable torque application in industries such as oil & gas, water & wastewater, and mining.

Advantages like enhancing efficiency with optimum energy consumption through high potential AC drives creating a huge opportunity for the manufacturing industry. In addition, stringent government regulations to reduce carbon emissions during electricity production and consumption can add to the rising demand for the device. Increasing urbanization and industrialization is expected to drive the global AC Drives Market to USD 21.0 Billion by 2020, at a CAGR of 7.4% from 2015 to 2020.

The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).

The market study covers AC drives by application which includes pumps, fans, compressors, conveyors, extruders and others. On the basis of end-use industry the AC drives market has been segmented into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and others which constitute industries such as cement, textile, and Pulp & paper industries.

In terms of region, the market is segmented into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Each segment has been analysed with respect to its market drivers, growth trends, and future prospects.

Oil & gas is the largest end-user of AC drives market and accounted for a share of 15% in 2014. The water & wastewater is expected to have a high growth rate, owing to rapid urbanization and industrialization, especially in developing regions such as Asia-Pacific and the Middle East & Africa. Asia-Pacific currently holds the largest market share in terms of value on the account of rapid urbanisation and industrialisation from the region.

AC Drives Market

This report has a comprehensive analysis of key market players and their recent developments related to the AC drives. The report has been studied with reference to the industrial trends through Porters Five Forces, market drivers, restraints, opportunities, and challenges in detail. Leading players of the market such as ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric (France), and Rockwell Automation (U.S.), have been profiled to provide the scenario of the competitiveness in this market.

The report caters to

  • AC drive manufacturers, dealers and suppliers
  • Manufacturing industry
  • Consulting companies in energy and power sector

The report also offers the following paid customizations:

  • Detailed analysis and profiling of additional market players (Up to 5).
  • Further segmentation and analysis of AC drives based on end-use industry

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 & Pricing
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Introduction
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
    2.4 Breakdown of Primaries
    2.5 Market Size Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach
    2.6 Market Breakdown & Data Triangulation
    2.7 Research Assumptions & Limitations
           2.7.1 Assumptions
           2.7.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the AC Drives Market, 2015-2020
    4.2 Asia-Pacific Accounted for the Largest Market Share in 2014
    4.3 AC Drives Market, By Application, 2013-2020
    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 End-Use 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
    5.4 Impact of Market Dynamics
    5.5 Supply Chain Analysis
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Threat of Substitutes
           5.6.3 Bargaining Power of Suppliers
           5.6.4 Bargaining Power of Buyers
           5.6.5 Intensity of Rivalry

6 AC Drives Market, By Voltage (Page No. - 51)
    6.1 Introduction
    6.2 Low Voltage
    6.3 Medium Voltage

7 Market, By Application (Page No. - 57)
    7.1 Introduction
    7.2 Pumps
    7.3 Fans
    7.4 Compressors
    7.5 Conveyors
    7.6 Extruders
    7.7 Other Applications

8 Market, By End-Use Industry (Page No. - 65)
    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 Other Industries

9 AC Drives Market, By Power Rating (Kw) (Page No. - 73)
    9.1 Introduction
    9.2 Low Power Drives
    9.3 Medium Power Drives
    9.4 High Power Drives

10 AC Drives Market, By Region (Page No. - 80)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 By Voltage
             10.2.2 By Application
             10.2.3 By Power Rating (Kw)
             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 (Kw)
             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 (Kw)
             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 (Kw)
             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 Middle East & Africa
     10.6 South America
             10.6.1 By Voltage
             10.6.2 By Application
             10.6.3 By Power Rating (Kw)
             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. - 118)
     11.1 Overview
     11.2 Competitive Situation & Trends
             11.2.1 Expansion
             11.2.2 New Product/Service/Technology Developments
             11.2.3 Mergers & Acquisitions
             11.2.4 Contracts & Agreements
             11.2.5 Other Developments

12 Company Profiles (Page No. - 134)
     12.1 Introduction
     12.2 ABB Ltd.
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments, 2013-2015
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Danfoss Group
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 SWOT Analysis
             12.3.4 Recent Developments, 2013-2014
             12.3.5 MnM View
     12.4 Mitsubishi Electrical Co, Ltd.
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 SWOT Analysis
             12.4.4 Recent Developments, 2014-2015
             12.4.5 MnM View
     12.5 Schneider Electric Co.
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments, 2014-2012
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Siemens AG
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 SWOT Analysis
             12.6.4 Recent Developments, 2012
             12.6.5 MnM View
     12.7 Fuji Electric Holdings
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments, 2012-2014
     12.8 Emerson Electric Co.
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments, 2014-2015
     12.9 Hiconics Drive Technology Co. Ltd.
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments, 2013-2015
     12.10 Hitachi Ltd.
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments, 2013-2015
     12.11 Parker Hannifin Co.
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments, 2012-2013
     12.12 Rockwell Automation
             12.12.1 Business Overview
             12.12.2 Products Offered
             12.12.3 Recent Developments, 2012-2015
     12.13 Toshiba International Corporation Ltd.
             12.13.1 Business Overview
             12.13.2 Products Offered
             12.13.3 Recent Developments, 2013-2014
     12.14 WEG Industries
             12.14.1 Business Overview
             12.14.2 Products Offered
             12.14.3 Recent Developments, 2012-2015
     12.15 Yaskawa Electric Co.
             12.15.1 Business Overview
             12.15.2 Products Offered
             12.15.3 Recent Developments, 2012

13 Appendix (Page No. - 192)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (78 Tables)

Table 1 Comparison Between Energy Saving Obtained By Using DC Drives & AC Drives
Table 2 Impact of Market Dynamics
Table 3 AC Drives Market Size, By Voltage, 2013–2020 (USD Million)
Table 4 Low Voltage AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 5 Medium Voltage AC Drives Used By Different End-Use Industries
Table 6 Medium Voltage AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 7 AC Drives Market Size, By Application, 2013–2020 (USD Million)
Table 8 Pumps Market Size, By Region, 2013-2020 (USD Million)
Table 9 Fans Market Size, By Region, 2013-2020 (USD Million)
Table 10 Compressors Market Size, By Region, 2013-2020 (USD Million)
Table 11 Conveyors Market Size, By Region, 2013-2020 (USD Million)
Table 12 Extruders Market Size, By Region, 2013-2020 (USD Million)
Table 13 Others Market Size, By Region, 2013-2020 (USD Million)
Table 14 AC Drives Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 15 Oil & Gas Market Size, By Region, 2013-2020 (USD Million)
Table 16 Water & Wastewater Market Size, By Region, 2013-2020 (USD Million)
Table 17 Power Generation Market Size, By Region, 2013-2020 (USD Million)
Table 18 Building Automation Market Size, By Region, 2013-2020 (USD Million)
Table 19 Food & Beverage Market Size, By Region, 2013-2020 (USD Million)
Table 20 Metals & Mining Market Size, By Region, 2013-2020 (USD Million)
Table 21 Chemicals & Petrochemicals Market Size, By Region, 2013-2020 (USD Million)
Table 22 Other Industries Market Size, By Region, 2013-2020 (USD Million)
Table 23 AC Drives Market Size, By Power Rating, 2013–2020 (USD Million)
Table 24 Low Power AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 25 Medium Power AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 26 High Power AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 27 AC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 28 Asia-Pacific: Market Size, By Voltage, 2013-2020 (USD Million)
Table 29 Asia-Pacific: Market Size, By Application, 2013-2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 31 Asia-Pacific: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 32 Asia-Pacific: Market Size, By Country, 2013-2020 (USD Million)
Table 33 China: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 34 Japan: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 35 India: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 36 Australia: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 37 Rest of Asia-Pacific: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 38 Europe: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 39 Europe: Market Size, By Application, 2013-2020 (USD Million)
Table 40 Europe: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 41 Europe: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 42 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 43 Germany: Market Size, By Voltage, 2013-2020 (USD Million)
Table 44 France: Market Size, By Voltage, 2013-2020 (USD Million)
Table 45 Russia: Market Size, By Voltage, 2013-2020 (USD Million)
Table 46 U.K.: Market Size, By Voltage, 2013-2020 (USD Million)
Table 47 Italy: Market Size, By Voltage, 2013-2020 (USD Million)
Table 48 Rest of Europe: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 49 North America: Market Size, By Voltage, 2013-2020 (USD Million)
Table 50 North America: Market Size, By Application, 2013-2020 (USD Million)
Table 51 North America: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 52 North America: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 53 North America: Market Size, By Country, 2013-2020 (USD Million)
Table 54 U.S.: Market Size, By Voltage, 2013-2020 (USD Million)
Table 55 Canada: Market Size, By Voltage, 2013-2020 (USD Million)
Table 56 Mexico: Market Size, By Voltage, 2013-2020 (USD Million)
Table 57 Middle East & Africa: Market Size, By Voltage, 2013-2020 (USD Million)
Table 58 Middle East & Africa: Market Size, By Application, 2013-2020 (USD Million)
Table 59 Middle East & Africa: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 60 Middle East & Africa: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 61 Middle East & Africa: Market Size, By Country, 2013-2020 (USD Million)
Table 62 Saudi Arabia: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 63 UAE: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 64 South Africa: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 65 Rest of Middle East & Africa: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 66 South America: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 67 South America: AC Drives Market Size, By Application, 2013-2020 (USD Million)
Table 68 South America: AC Drives Market Size, By Power Rating, 2013-2020 (USD Million)
Table 69 South America: AC Drives Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 70 South America: Market Size, By Country, 2013-2020 (USD Million)
Table 71 Brazil: Market Size, By Voltage, 2013-2020 (USD Million)
Table 72 Argentina: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 73 Rest of South America: AC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 74 Expansions, 2012-2015
Table 75 New Product/Service/Technology Developments, 2012-2015
Table 76 Mergers & ACquisitions, 2012-2015
Table 77 Contract & Agreement, 2012-2015
Table 78 Other Developments, 2012-2015


List of Figures (63 Figures)

Figure 1 Markets Covered: Ac Drives Market
Figure 2 AC Drives Market: Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2014
Figure 8 AC Drives Market Share (Value), By Voltage, 2014
Figure 9 Oil & Gas and Water & Wastewater Industries are Expected to Account for the Maximum Share During the Forecast Period
Figure 10 Pump Was the Largest Application in 2014 & is Projected to Remain So By 2020
Figure 11 AC Drives Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate in the Next Five Years
Figure 12 AC Drives Market Share (Value), By Power Rating, 2014 and 2020
Figure 13 Increasing Urbanization, Industrialization, and Need for Energy Saving are Expected to Drive the Demand for AC Drives During the Forecast Period
Figure 14 Asia-Pacific and the Middle East & Africa are Expected to Grow at A Fast Pace During the Forecast Period
Figure 15 Pumping Application is Expected to Hold the Largest Share During the Forecast Period
Figure 16 The Chinese AC Drives Market is Projected to Hold the Largest Share in Asia-Pacific During the Forecast Period
Figure 17 Low Voltage Accounted for the Largest Market Share in 2014
Figure 18 The Asia-Pacific Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 19 AC Drives Market Segmentation: By Voltage Level, Application, Power Rating, End-Use Industry, & Region
Figure 20 Market Dynamics for this  Market
Figure 21 Urbanization Trend
Figure 22 Industrial Electricity Prices, Europe, 2011-2014
Figure 23 Motor Efficiency Regulations: A Timeline
Figure 24 Global Motor Efficiency Standards
Figure 25 Decline in Brent Crude Oil Prices Since Mid 2014
Figure 26 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 27 Porter’s Five Forces Analysis: AC Drive Market
Figure 28 Low Voltage AC Drives Held the Largest Market Share in 2014
Figure 29 The Medium Voltage Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Global Snapshot: Pump Application is Expected to Dominate the AC Drive Market During the Forecast Period
Figure 31 Application vs Industry Matrix
Figure 32 Oil & Gas Segment is Expected to Account for the Largest Market Share in 2015
Figure 33 Low Power AC Drives Held the Largest Market Share ( (Value) in 2014
Figure 34 Asia-Pacific is Expected to Be the Fastest Growing Region in Low Power AC Drives During the Forecast Period
Figure 35 Medium Power AC Drives Market Share (Value), By Region, 2014
Figure 36 High Power AC Drives Market Share (Value), By Region, 2014
Figure 37 AC Drives Market Share (Value), By Region, 2014
Figure 38 Regional Snapshot – Growth Rate of AC Drive Market in Majorcountries, 2015–2020
Figure 39 Asia-Pacific AC Drives Market Overview (2014)
Figure 40 Europe AC Drives Market , 2014(USD Million)
Figure 41 Top Companies Adopted Expansions and Mergers & Acquisiotionto Capture the Markets
Figure 42 Market Leaders Based on Recent Developments, 2012-2015
Figure 43 Market Evaluation Framework: New Product Launches, Contracts & Agreements, Mergers & Acquisitions Have Fueled the Growth of Companies During 2012-2015
Figure 44 Regional Revenue Mix of Top Five Players
Figure 45 ABB: Company Snapshot
Figure 46 SWOT Analysis: ABB Ltd.
Figure 47 Danfoss Group: Company Snapshot
Figure 48 SWOT Analysis: Danfoss Group
Figure 49 Mitsubishi Electrical Co. Ltd..: Company Snapshot
Figure 50 SWOT Analysis: Mitsubishi Electric Co. Ltd.
Figure 51 Schneider: Company Snapshot
Figure 52 SWOT Analysis: Schneider
Figure 53 Siemens: Company Snapshot
Figure 54 SWOT Analysis: Siemens
Figure 55 Fuji Electric: Company Snapshot
Figure 56 Emerson: Company Snapshot
Figure 57 Hiconics: Company Snapshot
Figure 58 Hitachi: Company Snapshot
Figure 59 Parker Hannifin: Company Snapshot
Figure 60 Rockwell Automation: Company Snapshot
Figure 61 Toshiba: Company Snapshot
Figure 62 WEG: Company Snapshot
Figure 63 Yaskawa: Company Snapshot

The Alternate Current (AC) drive is an electronic device that controls the speed of an electric motor by changing the voltage, frequency, and magnetic flux in a motor circuit. Its primary advantages are increased energy savings and reduced motor wear. Apart from energy saving, the market is also driven by increased preference for motor protection, ease of use, less maintenance, and increasing motor applications worldwide.

The global AC drives market is projected to witness a high growth on the account of increasing urbanization and industrialization, and strict government mandates for energy efficiency. The market was valued at USD 13.7 Billion globally in 2014 and is projected to grow at a CAGR of 7.4% from 2015 to 2020. One of the key factors contributing to the growth is the increase in infrastructural development especially in Asia-Pacific region.

The Asia-Pacific region holds a majority of market share owing to urbanization and significant development in process industries such as food & beverage, paper & pulp, textile, cement, metal processing industries, and growth in manufacturing industries, followed by Europe and North America. Countries such as India, China and Brazil are also projected to witness a decent growth in the AC drives market during the forecast period. The Middle East & Africa market is projected to grow at a faster pace, aided by large-scale infrastructure spending along with oil & gas operations.

The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).

The market study covers AC drives by application which includes pumps, fans, compressors, conveyors, extruders and others. On the basis of end-use industry the AC drives market has been segmented into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and others which constitute industries such as cement, textile, and Pulp & paper industries.

In terms of region, the market is segmented into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Each segment has been analysed with respect to its market drivers, growth trends, and future prospects.

AC Drives Market

Low voltage AC drives accounted for the largest market share as compared to those of medium voltage due to large number of low voltage motors employed in industries such as oil & gas, water & wastewater, building automation etc. Although the Low voltage AC drives find more applications in industry the medium voltage AC drives is expected to grow at a higher growth rate during the forecast period owing to rising demand from the cement, chemical, water & wastewater, power generation, and mining and oil & gas production industry.

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