The global AC Drives market was valued at US$ 16520 million in 2020 and it is expected to reach US$ 25070 million by the end of 2027, growing at a CAGR of 5.7% during 2021-2027.
The alternate current drive (AC drive) is an electronic device which is used for regulating the velocity of an electric motor by fluctuating the frequency, magnetic flux, and voltage in a motor circuit. AC drives supports in develops efficiency of the system, saving energy, and minimize motor wear.
Oil & gas segment is the largest end-user of AC drives as it offers good speed controls & high energy savings.
Global AC Drives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global AC Drives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ABB, Danfoss, Schneider, Siemens, Mitsubishi, Fuji, Emerson, Hitachi, Parker Hannifin, Rockwell, Toshiba, WEG, Yaskawa and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-ac-drives-market-outlook
Segment by Type
- Low Voltage
- Medium Voltage
Segment by Application
- Oil & Gas
- Water & wastewater
- Power generation
- Building Automation
- Food & Beverage
- Metals & Mining
- Chemicals & Petrochemicals
Table of Content:
1 AC Drives Market Overview
2 AC Drives Market Competition by Manufacturers
3 AC Drives Retrospective Market Scenario by Region
4 Global AC Drives Historic Market Analysis by Type
5 Global AC Drives Historic Market Analysis by Application
6 Key Companies Profiled
7 AC Drives Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 AC Drives Market Dynamics
10 Global AC Drives Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.