AC Drives Market By Current Industry Status, Target Audience, Growth Opportunities, Players: ABB, Siemens, Danfoss Group, Schneider Electric, Rockwell Automation, Mitsubishi Electric Corporation

AC Drives Market Highlights

Market Research Future published a research report on global AC Drives Market. The AC Drives Market is expected to expand at 7.05% CAGR during the period 2018 to 2023.

AC drives are used to control the speed of an electric motor that are used in electrical products. The speed of the motor is controlled by changing the frequency of the electricity passing through the motor. The AC drives are commonly used in industries, such as oil & gas, power generation, food & beverage, metals & mining, and others. The major advantages of AC drives include energy saving, reverse operation, and elimination of mechanical components in order to reduce maintenance cost.

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These reactors will have active safety systems and additional pumps, which will work on AC drives. Furthermore, major market players such as ABB and Schneider Electric are using advanced technology including Industrial Internet of Things (IIoT), which will offer high growth opportunities for the AC drive market.

AC Drives Market Leading Players Analyzed Are:

The key players of global AC drives market are ABB (Switzerland), Siemens (Germany), Danfoss Group (Denmark), Schneider Electric (France), Rockwell Automation, Inc. (US), Mitsubishi Electric Corporation (Japan), Yaskawa Electric Corporation (Japan), WEG (Brazil), Toshiba International Corporation (Japan), Hiconics Drive Technology Co. Ltd (China), Hitachi Ltd (Japan), Parker Hannifin Co (US), Delta Electronics, Inc. (Taiwan), and others.

AC Drives Market Segmental Overview

Global AC Drive Market has been segmented based on voltage, power rating (kW), application, end-use, and region.

On the basis of voltage, the market is classified into low and medium voltage. Low voltage segment is leading the AC drives market as these drives are mostly used with electric motors and transformers.

On the basis of power rating, the market is segmented into low power drives, medium power drives, and high-power drives.

On the basis of applications, the market is segmented into pumps, fans, compressors, conveyors and extruders.

On the basis of end-use, the AC drives market is segmented into oil & gas, power generation, water & wastewater, building automation, food & beverage, metals & mining, and chemicals & petrochemicals.

Regional Analysis:

Region wise, Asia-Pacific held the largest share of the global AC drives market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the industrialization and urbanization. Moreover, the increased demand for energy efficient equipment and supportive government plans are expected to drive the market for AC drives in Asia-Pacific.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.6 Value Chain/Supply Chain Analysis

Continued……

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