AC Drives Market

AC Drives Market worth 22.07 Billion USD by 2021

The report "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", The AC drives market is expected to grow from an estimated USD 15.72 Billion in 2016 to USD 22.07 Billion by 2021, registering a CAGR of 7.0% from 2016 to 2021. The global market is witnessing significant growth due to urbanization & industrialization, rising need for energy efficiency, and regulation on energy efficiency.

                                     Request Sample                                      Request Sample

Browse 76 market data tables and 60 figures spread through 161 pages and in-depth TOC on 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
Early buyers will receive 10% customization on reports.

Oil & Gas segment is expected to hold the largest share of the AC drives market, by End-Use Industry, during the forecast period

The oil & gas industry led the overall AC drives market in 2015. AC drives are mostly used to control the speed of pumps and compressors used in the oil & gas industry. Most processes in oil & gas industries are complex and operate at varying operating conditions. AC drives control the speed effectively and reduce energy consumption at a large scale.

Low power drives is expected to hold the largest market share of the AC drives market, by Power Rating, during the forecast period

The low power drives is expected to hold the largest market of the global AC drives market during the forecast period. The demand for low power drives is driven from industries such as building, automation, oil & gas, food & beverage, and pulp & paper among others. Low power drives also offer quick pay back periods due to higher energy savings with low capital costs and better process control with increased motor control.

Asia-Pacific is the fastest growing market for AC drives

In this report, the AC drives market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest growing market for AC drives. Rising need for energy efficiency and rapid industrialization in the region will drive the Asia-Pacific AC drives market from 2016 to 2021.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the AC drives market. These players 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). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

AC Drives Market Size,  Share & Growth Report
Report Code
EP 3803
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the AC Drives Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets