January 4, 2021

AC Drives Opportunities by Technologies and Materials for Next 10 Years

AC Drives Global News 2027

AC drive are being widely used in diverse industry verticals such as building automation, power, oil & gas, and chemicals among many others to control speed of an AC electric motor. AC drives control speed by changing the frequency of electrical supply that is driving the motor. The key advantages offered by AC dives such as energy savings, low motor starting current, easy installation, less noise, and high power factor are diving the demand for these drives across industries.

The rising urbanization and industrialization levels in developing regions and growing demand for energy efficient AC motors in industries are the key factors that are driving the growth of global AC drives market. In addition to this, the rising investments in research and development related to AC drives coupled with increasing government & industry regulations related to energy efficiency are further boosting the growth of AC drives market worldwide. Asia Pacific is anticipated to be the fastest growing region in terms of revenue share over the forecast period.

Top 10 Companies in the world

1. ABB
2. Danfoss
3. Delta Electronics, Inc.
4. Fuji Electric Co., Ltd.
5. General Electric
6. Hitachi, Ltd.
8. Rockwell Automation, Inc.
9. Siemens

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global AC drives market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The AC drives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in various regions.

Furthermore, the AC Drives Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The structure of the AC Drives Market report can be categorized into following sections:

  • Section 1: Scope of the Report & Research Methodology
  • Section 2: Key Takeaways
  • Section 3: Market variables & their impact on growth and analytical tools providing High Level Insights into the Market Dynamics and Growth Pattern
  • Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category which are summed up to form the Global Market.
  • Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.