AC Drives Market is Moving Fast! | Major Key Companies are ABB Ltd., Siemens AG, Danfoss Group, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Co., Yaskawa Electric Corporation.

A recent market research report, AC Drives Market, provides insightful information to clients increasing their basic leadership size and examines distinct significant aspects of the business, including industry surroundings, segmentation analysis, and competitive outlook. It can enable manufacturers or change their production and marketing strategies in order to envisage maximum growth. The study identifies specific and important factors affecting the market for the ac drives during the forecast period.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) ABB Ltd.
2) Siemens AG
3) Danfoss Group
4) Schneider Electric SE
5) Rockwell Automation, Inc.
6) Mitsubishi Electric Co.
7) Yaskawa Electric Corporation

AC drive is an electronic device that is used for regulating the speed of an electric motor by fluctuating the frequency, magnetic flux, and voltage in a motor circuit. In energy-intensive sectors, optimal usage of energy and efficient utilization of its consumption are important for managing the overall operating costs. These drives can optimize the energy usage and at the same time help in the reduction of operative costs by monitoring the speed and torque of electric motors. Reduction in energy usage and gain from increase in lifespan of electrical equipment are the main factors for the adoption of these drives in various industries such as water and wastewater, oil and gas, and mining.

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For ac drives market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the ac drives market.

North America and Western Europe have been one of the key regions as they have an established packaging infrastructure for product innovations and early adaptations. This is estimated to drive demand for ac drives market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to register a high CAGR for ac drives market. The APAC region has witnessed strategic investments by global companies to cater the growing demand for electric solutions in the recent years. Middle East and rest of the World are estimated to be emerging regions for ac drives market.

Market Segmentation:

By Voltage:
o Low
o Medium

By Power Rating:
o Low
o Medium
o High Power

By Application:
o Pumps
o Fans
o Compressors
o Conveyors
o Extruders

By Region:

North America
o North America, by Country
o US
o Canada
o Mexico
o North America, by Voltage
o North America, by Power Rating
o North America, by Application

Western Europe
o Western Europe, by Country
o Germany
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Western Europe
o Western Europe, by Voltage
o Western Europe, by Power Rating
o Western Europe, by Application

Asia Pacific
o Asia Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
o Asia Pacific, by Voltage
o Asia Pacific, by Power Rating
o Asia Pacific, by Application

Eastern Europe
o Eastern Europe, by Country
o Russia
o Turkey
o Rest of Eastern Europe
o Eastern Europe, by Voltage
o Eastern Europe, by Power Rating
o Eastern Europe, by Application

Middle East
o Middle East, by Country
o UAE
o Saudi Arabia
o Qatar
o Iran
o Rest of Middle East
o Middle East, by Voltage
o Middle East, by Power Rating
o Middle East, by Application

Rest of the World
o Rest of the World, by Country
o South America
o Africa
o Rest of the World, by Voltage
o Rest of the World, by Power Rating
o Rest of the World, by Application

Objectives of this report:

o To estimate market size for ac drives market on regional and global basis.
o To identify major segments in ac drives market and evaluate their market shares and demand.
o To provide a competitive scenario for the ac drives market with major developments observed by key companies in the historic years.
o To evaluate key factors governing the dynamics of ac drives market with their potential gravity during the forecast period.

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This release was published on openPR.