Global AC Drives Market Size, Share, Analysis, Industry Report 2029| ABB LTD.(Switzerland), Danfoss Group (Denmark), Mitsubishi Electrical Co. (Japan)

Market Overview:
The AC Drives Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Alternative Current (AC) drives are electronic components that control an electric motor's speed and torque by varying variables including voltage, frequency, and magnetic flux. An alternative current regulates these alternating parameters. Optimizing energy utilization demands considerable attention if the operational costs of energy-intensive sectors are to be managed. One of the main purposes of AC drives is to regulate the speed and torque of electric motors, allowing for considerable cost reductions as well as increases in energy efficiency. Because they reduce energy consumption and have the benefit of extending the life of electrical equipment, AC drives are widely used in sectors like oil and gas, water and wastewater, and mining.

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Market Dynamics
Driver:
The main drivers of market trends in the AC are the significant expansion in urbanization and the accelerating rate of industrialization. The need for AC drives will rise throughout the projection period as a result of rising consumer demand, which spurs growth in the manufacturing sector.

Opportunities:
Rising electricity prices, increasing energy and electricity demand, strict government regulations imposed to reduce carbon emissions during the consumption and production of electricity, industrialization, and rising urbanization are the main factors propelling the growth of the AC drives market. With improvements in applications like fans, compressors, and pumps, the demand for AC drives in the US has been rather robust compared to other regions. The market for AC drives is also expanding as a result of the Industrial Internet of Things' (IoT) broad appeal and opportunities in the replacement market.

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Market Segmentation AC Drives Market:
By Power Rating
• Low Power Drives
• Medium Power Drives
• High Power Drives

By Application
• Pumps
• Fans
• Compressors
• Other

Regional Analysis of AC Drives Market
In North America, the production capacity of AC drives is quickly developing. This growth is being driven by rapid urbanization as well as developments in end-user sector technologies. This can be connected to the fact that the region is now experiencing robust economic growth at the present time. The expansion of the overall market as well as the continued development of the drives industry's technology are two significant variables that are driving the growth of the AC drives market in the region. Another factor that is contributing to the growth of the market is the increasing prevalence of high-end user applications across numerous sectors.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Top Key Players Covered In the AC Drives Market
• ABB LTD.(Switzerland)
• Danfoss Group (Denmark)
• Mitsubishi Electrical Co. (Japan)
• Schneider Electric Co. (France)
• Siemens Ag Fuji Electric Co. Ltd. (Japan)
• Emerson Electric Co. (United States)
• Hiconics Drive Technology Co. Ltd. (China)
• Hitachi Ltd.(Japan)
• Parker Hannifin Co. (India)
• Rockwell Automation Inc. (United States), and Other Major Players

Key Industry Development In The AC Drives Market
• In February 2021, Yaskawa Electric Corporation has achieved the cumulative shipment of 30 million AC drives. The achievement reflects the company's development in motor control and innovation in drive technologies, which has led to its adoption globally.
• In March 2021, Toshiba Mitsubishi-Electric Industrial Systems Corporation has delivered a motor drive system and an automation system to a mill facility in China. This has enabled the facility to improve various functions and expand the type and size of steel production.

Table of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Power Rating
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: AC Drives Market by Power Rating
 5.1 AC Drives Market Overview Snapshot and Growth Engine
 5.2 AC Drives Market Overview
 5.3 Low Power Drives
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Low Power Drives: Geographic Segmentation
 5.4 Medium Power Drives
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Medium Power Drives: Geographic Segmentation
 5.5 High Power Drives
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 High Power Drives: Geographic Segmentation
Chapter 6: AC Drives Market by Application
To Be Continued…….

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