Global AC Drives Market to Become Money Magnet for Investors by 2025 : ABB LTD.,Danfoss Group,Mitsubishi Electrical Co., Schneider Electric Co, Emerson Electric
The study is an important source of information for major market players, entry-level organizations, and investors to gain knowledge regarding current market trends and upcoming opportunities in the AC drives industry. The report includes an in-depth analysis of the competitive landscape in terms of untapped segments, new technological developments, and value chain analysis.
Increasing urbanization & growing rate of industrialization, rising need for energy efficiency, and supportive regulations for increasing energy efficiency are the major drivers of the global AC drives market. However, a decrease in foreign direct investment such as Greenfield investments hampers market growth. On the contrary, the growing trend of industrial internet of things (IIoT) and development of new products by key vendors like Siemens AG are expected to create lucrative opportunities in the near future. These insights are beneficial to determine strategies by emphasizing on these factors.
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Global AC drives market is divided on the basis of voltage, application, end-use industry, power rating (kW), and geography. Based on voltage, the market is segmented into low voltage and medium voltage. On the basis of application, the market is bifurcated into pumps, fans, compressors, conveyors, extruders, and other applications. On the basis of end-user industry, the market further segmented into oil & gas, power generation, water & wastewater, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries.
Based on the power rating, the market is divided into low power drives, medium power drives, and high-power drives. On the basis of region, the market is analyzed in various regions such as Asia-Pacific, North America, Europe, and Latin America, the Middle East and Africa (LAMEA). The report provides an in-depth study of government regulations related to AC drives in different countries and its impact on their adoption rate in these countries.
The global AC drives market report includes in-depth analysis of the key market players, including Danfoss Group, ABB LTD., Schneider Electric Co., Mitsubishi Electrical Co., Emerson Electric Co., Siemens Ag Fuji Electric Co. Ltd., Hitachi Ltd., Hiconics Drive Technology Co. Ltd., Rockwell Automation Inc., and Parker Hannifin Co. These market players adopted various market strategies such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, and others to gain a strong position in the industry. The study provides a strategic analysis of the financial status of key market players and outlines the market shares of every market player. Moreover, the report provides information regarding the status of new projects and new investments of the market players.
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