AC Drives Market Highlights

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. The global AC drives market is estimated to expand at 7.05% CAGR during the forecast period.

The growing demand for AC drives market is attributed to the growing industrilization, across the globe and rising need for energy efficient products in oil & gas, power generation, and building automation industries. Countries such as the US, China, and India are continously focusing on investment in advanced technology including industrial Internet of Things (IIoT) to improve the energy efficiency in electrical and electronic components used in building automation and power sector. However, the global AC drives market could be restrained by the cavitation effect in AC drives.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7586

AC drives are used to control the speed of an electric motor that are used in the electrical products. The speed of the motor is controlled by changing its frequency while the current is passed through the motor. AC drives are primarily used in pumps, conveyors and compressors. They are also used in oil & gas, power generation, food & beverage, metals & mining, water & wastewater, and chemicals & pharmaceuticals sector.

Industry Segmentation

The AC drives market has been segmented based on voltage into low voltage and medium voltage. Among these types, low voltage is the fastest growing segment in the AC drives market. It is primarily used in inverters, electric motors and transformers.

On the basis end-use, the market is segmented as oil & gas, power generation, and water & wastewater, among others. Power generation segment is estimated to dominate the market during the forecast period due to rising investment in renewable energy, across the globe. Further, AC drives are widely used in manufacturing industries to regulate and control equipment, such as fans, conveyors, machine spindles, and pumps to improve the efficiency of equipment and reduce energy consumption by 35-40%. These factors will help increase the growth of AC drives market within the power generation sector.

Get Complete Report @ https://www.marketresearchfuture.com/reports/ac-drives-market-7586

Leading Players

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..

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

Continued….

View More Info @ https://reut.rs/2MBv1vD

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]