AC MOTOR DRIVES Market Size, Share, Drivers, Restraints, Growth Statistics, Regional Analysis Until 2032 | Siemens, Emerson Industrial

An AC motor drive, also known as an AC drive or variable frequency drive (VFD), is an electronic device or system that controls the speed, torque, and direction of an alternating current (AC) electric motor. These drives are commonly used in industrial and commercial applications to efficiently and precisely control the operation of AC motors.
The primary purpose of an AC motor drive is to vary the frequency and voltage supplied to the motor, allowing for smooth and adjustable control of motor speed and performance. This capability is particularly important in situations where the motor's load and operating conditions vary, as it can result in energy savings, improved process control, and reduced wear and tear on the motor and connected machinery.
The inverter is responsible for converting the DC power back into AC power. It controls the frequency and voltage of the AC output, allowing for precise control over the motor's speed and torque. The controller is the brains of the AC motor drive system. It receives input signals and feedback from various sensors and user interfaces, allowing it to adjust the output frequency and voltage to meet the desired motor performance parameters. AC motor drives typically have user interfaces, such as digital displays and control panels, where operators can set and monitor parameters like motor speed, direction, and acceleration.

The Ac motor drives Market was valued at USD 25.6 Billion in 2023 and is expected to register a CAGR of 6.8% by 2032.

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Government regulations and environmental concerns have been significant drivers for the adoption of AC motor drives. Many countries and regions have introduced strict energy efficiency standards and incentives to encourage the use of variable frequency drives (VFDs) in various industries. VFDs help reduce energy consumption by controlling motor speed and power usage based on actual needs. The ongoing trend toward industrial automation relies heavily on AC motor drives for precise control of machinery and processes. As industries automate more tasks and manufacturing becomes increasingly sophisticated, the demand for AC motor drives continues to grow. These are the key factors expected to drive global market growth during the forecast period.

Key Company:

• Invertek Drives
• NovaTorque
• Emerson Industrial
• Eaton
• Yaskawa America
• Omron
• Siemens
• Rockwell Automation

Market Segmentation (by Type):

• Induction Motors
• Synchronous Motors
• Sensorless Vector Drives
• Servo Motors

Market Segmentation (by Application):

• Commercial Use
• Industrial Use
• Pumps
• Conveyors
• Compressors
• Electric Fan
• Extruders
• Others

Market Segmentation (by Power Rating):

• Low Power Drives
• Medium Power Drives
• High Power Drives

Market Segmentation (by Voltage):

• Low Voltage
• Medium Voltage

Market Segmentation (by End-User):

• Food & Beverage
• Oil & Gas
• Power Generation
• Building Automation
• Metal & Mining
• Water and Wastewater
• Chemical & Petrochemicals
• Others

Geographic Segmentation:

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

INDUSTRY DEVELOPMENT:

• On February 02, 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.
• On March 18, 2021, Rockwell Automation has improved security, performances, and commissioning with the enhancement in the PowerFlex AC drive. Furthermore, the drives are embedded with a dual Ethernet port, which helps the user to get smart device insights.
• On July 14, 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, expand the type and size of steel production.

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Key Benefits of This Market Research:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the AC Motor Drives Market
• Overview of the regional outlook of the AC Motor Drives Market:

Key Reasons to Buy this Report:

• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter's five forces analysis
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Chapter Outline:

• Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

• Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the AC Motor Drives Market and its likely evolution in the short to mid-term, and long term.

• Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

• Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

• Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

• Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

• Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

• Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

• Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

• Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

• Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

• Chapter 12 is the main points and conclusions of the report.

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Ac motor drives Market Overview:

The global Ac motor drives market size is expected to register a robust revenue share throughout the forecasted timeframe. The report offers detailed insights into factors that can drive and hamper overall market growth during the coming years. The purpose of this report is to provide a detailed overview of the Ac motor drives industry to help consumers and avid readers understand market dynamics and make investment plans accordingly.

COVID-19 Impact on the Global Ac motor drives Market:

The COVID-19 pandemic has drastically affected overall market with an untimely lockdown, shortage of labor due to gathering restrictions, slowing of manufacturing, and fluctuations in demand and supply of products. However, the situation is expected to change due to increasing vaccination drives and reducing COVID-19 cases.

Competitive Landscape:

The global market is highly fragmented and comprises various market players operating at global and regional levels. The report offers a detailed review of each market player including their business expansion plans, global standing, research and development plans, and product launches. Moreover, it also sheds light on how market players are planning various strategic alliances to retain their market position and enhance their product base.

The report includes:

· Company Name
· Business Information
· SWOT Analysis
· Sales, Revenue, Price and Gross Margin
· Market Share

Key Questions Covered in the Report:

· What is the expected market size of the global Ac motor drives market during the forecast period?
· Which regional market is expected to lead in terms of revenue share over the forecast period?
· What key factors are expected to drive global market revenue growth between 2023 and 2028?
· Who are the key players operating in the Ac motor drives market?

Silent Features of The Report:

· Detailed Analysis of The Global Ac motor drives Market In Terms Of Drivers, Restraints, Growth Opportunities, Challenges And Risks
· Latest Developments and Trends In The Global Market
· Historical And Current Data
· Competitive Landscape and Strategic Alliances Of Key Companies
· Impact Of COVID-19 On the Ac motor drives Industry

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