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What's driving the AC Drive Market Growth? Prominent Players: ABB, Siemens, Danfoss, Mitsubishi Electric, Fuji Electric, Emerson, Hitachi, Parker Hannifin, Toshiba International Corporation, Schneider Electric, Rockwell Automation, Yaskawa Electric Corpor

What's driving the AC Drive Market Growth? Prominent Players:

The global AC drives market size was USD 10.39 billion in 2018 and is projected to reach USD 15.62 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “AC Drive Market Size, Share and Global Trend Forecast till 2026” published the above information.

To Gain More Insights into the AC Drive Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/ac-drive-market-100728

Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/ac-drive-market-100728

Top Players Overview:

Some of the leading players operating in the global AC Drive market include;
• ABB Ltd.
• Siemens AG
• Danfoss Group
• Mitsubishi Electrical Co. Ltd.
• Fuji Electric Holdings
• Emerson Electric Co.
• Hitachi Ltd.
• Parker Hannifin Co.
• Toshiba International Corporation Ltd.
• Schneider Electric
• Rockwell Automation
• Yaskawa Electric Corporation
• WEG S.A
• Hiconics Drive Technology Co. Ltd.
• Parker Hannifin Co

The rising instability in crude oil prices is expected to positively impact the growth of the AC Drive Market. Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for energy and power plants across the globe.

Request a Sample Copy for more detailed AC Drive Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ac-drive-market-100728

Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the AC Drive Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the AC Drive Market.

Key Segmental Overview:
• By Voltage
• By Type
• By Application
• By End User
• By Geography

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.

Regional Analysis:
• North America (The USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Content for AC Drive Market:

3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global AC Drive Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Power Rating
5.2.1. Low Power Drive
5.2.2. Medium Power Drive
5.2.3. High Power Drive
5.3. Market Analysis, Insights and Forecast – By Voltage
5.3.1. Low Voltage
5.3.2. Medium Voltage
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Pumps
5.4.2. Conveyors
5.4.3. Compressors
5.4.4. Electric Fan
5.4.5. Extruders
5.4.6. Others
5.5. Market Analysis, Insights and Forecast – By End-User
5.5.1. Food & Beverage
5.5.2. Oil & Gas
5.5.3. Power Generation
5.5.4. Building Automation
5.5.5. Metal & Mining
5.5.6. Water & Wastewater
5.5.7. Chemicals & Petrochemicals
5.5.8. Others
5.6. Market Analysis, Insights and Forecast – By Region
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. Latin America
TOC Continued.......!

Purchase Full Report for Exclusive AC Drive Market Growth Forecast - https://www.fortunebusinessinsights.com/checkout-page/100728

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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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