AC Drives Market Research Report Forecast till 2030

AC Drives Market is projected to register a CAGR of 6.0% during the review period. AC drive is a gadget used to control the speed of an electric engine. It helps in upgrading control and lessening energy utilization, subsequently, guaranteeing energy effectiveness. Additionally, the air conditioner drives likewise assist with diminishing the mechanical weight on engine control applications.

Electric engines represent almost 70% of all modern electrical energy utilization. Siphons that move liquids, fans that move air, blowers, transports, and whatever other hardware that depends on rotational power to work are undeniably controlled by these engines. The quantity of attractive shafts integrated into most engines, as well as the provided supply voltage and recurrence, decide how quick they turn. They can't change their speed. Indeed, even with fixed speed systems, finding an engine that pivots at the right speed for the application may be tricky.

AC drives give viable speed control of AC engines by changing voltage and recurrence. The controlled speed of an engine gives clients further developed process control, less wear on machines, expanded power factor, and significant energy reserve funds. AC drives offer great speed controls and high energy reserve funds.

Market Segmentation

Based on type, the AC Drives Market is divided into segments: up to 1kV and above 1kV.

The data on the AC drives market has been primarily divided into two categories based on application: pumps and compressors, fans, conveyors, extruders, and others.

Power generation, oil and gas, food and beverage, metals & mining, chemicals & petrochemicals, water & wastewater, residential, and other categories make up the majority of the product divisions in the AC Drives Market statistics.

Regional Insights

Asia-Pacific AC Drives Market represented USD 6,933.7 million of every 2022 and is supposed to show a 6.6% CAGR during the review time frame. This is credited to the presence of developing populace and developing market in the region.

North America and Europe are supposed to develop at a fast rate all through the estimate period, as nations in these regions center around further developing their organization framework because of the rising interest for energy-proficient gear. This is supposed to increment interest for electronic merchandise. One of the biggest supporters of the air conditioner drives market is North America.

Pipelines communicate oil-based commodities from treatment facilities to request regions and raw petroleum from sources to inland processing plants in the oil and gas industry. Due to its capacity to oversee stream proficiently and improve energy use, AC drives are turning out to be more famous as the oil and gas areas extend internationally.

Because of industrialization and urbanization, Asia-Pacific is one of the world's biggest markets for AC drives and quite possibly of the quickest developing market all through the estimate period. Moreover, the market for AC drives in Asia-Pacific is probably going to be driven by rising interest for energy-effective hardware and strong taxpayer supported initiatives.

Major Players

Key Companies in the AC Drives Market include ABB, Siemens, Schneider Electric, Parker Hanifin Corp., Hitachi, Mitsubishi Electric Corporation, Eaton Corporation, Danfoss, Rockwell Automation, and Yaskawa Electric Corporation.

Product Code: MRFR/E&P/6117-CR

1 EXECUTIVE SUMMARY

1.1 GLOBAL AC DRIVES MARKET, BY VOLTAGE
1.2 GLOBAL AC DRIVES MARKET, BY APPLICATION
1.3 GLOBAL AC DRIVES MARKET, BY END USE

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 INVESTMENTS IN MANUFACTURING AND PROCESS INDUSTRIES IN DEVELOPING COUNTRIES
- 4.2.2 RISING NEED FOR ENERGY EFFICIENCY
- 4.2.3 INCREASING URBANIZATION AND INDUSTRIALIZATION
4.3 RESTRAINTS
- 4.3.1 DECREASE IN FOREIGN DIRECT INVESTMENTS
4.4 OPPORTUNITIES
- 4.4.1 INDUSTRIAL INTERNET OF THINGS (IIOT)
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON OVERALL INDUSTRY
- 4.5.2 IMPACT ON SUPPLY CHAIN OF AC DRIVES
- 4.5.3 IMPACT ON DEMAND FOR AC DRIVES
- 4.5.4 IMPACT ON PRICING OF AC DRIVES

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTION AND SALES
- 5.1.4 POST-SALES MONITORING
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL AC DRIVES MARKET, BY VOLTAGE

6.1 OVERVIEW
6.2 UP TO KV
6.3 ABOVE KV

7 GLOBAL AC DRIVES MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 PUMPS
7.3 COMPRESSORS
7.4 FANS
7.5 CONVEYORS
7.6 EXTRUDERS
7.7 OTHERS

8 GLOBAL AC DRIVES MARKET, BY END USE

8.1 OVERVIEW
8.2 POWER GENERATION
8.3 OIL & GAS
8.4 FOOD & BEVERAGE
8.5 BUILDING AUTOMATION
8.6 METALS & MINING
8.7 CHEMICALS & PETROCHEMICALS
8.8 WATER & WASTEWATER
8.9 RESIDENTIAL
8.10 OTHERS

9 GLOBAL AC DRIVES MARKET, BY REGION

9.1 OVERVIEW
- 9.1.1 GLOBAL AC DRIVES MARKET, BY REGION,-2030
9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: AC DRIVES MARKET, BY COUNTRY,-2030
- 9.2.2 U.S.
- 9.2.3 CANADA
- 9.2.4 MEXICO
9.3 EUROPE
- 9.3.1 EUROPE: AC DRIVES MARKET, BY COUNTRY,-2030
- 9.3.2 GERMANY
- 9.3.3 FRANCE
- 9.3.4 UK
- 9.3.5 TAIWAN
- 9.3.6 SPAIN
- 9.3.7 RUSSIA
- 9.3.8 THE NETHERLANDS
- 9.3.9 POLAND
- 9.3.10 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 ASIA-PACIFIC: AC DRIVES MARKET, BY COUNTRY,-2030
- 9.4.2 CHINA
- 9.4.3 JAPAN
- 9.4.4 INDIA
- 9.4.5 TAIWAN
- 9.4.6 SOUTH KOREA
- 9.4.7 MALAYSIA
- 9.4.8 INDONESIA
- 9.4.9 THAILAND
- 9.4.10 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
- 9.5.1 SOUTH AMERICA: AC DRIVES MARKET, BY COUNTRY,-2030
- 9.5.2 BRAZIL
- 9.5.3 ARGENTINA
- 9.5.4 REST OF SOUTH AMERICA
9.6 MIDDLE EAST & AFRICA
- 9.6.1 MIDDLE EAST & AFRICA: AC DRIVES MARKET, BY COUNTRY,-2030
- 9.6.2 SAUDI ARABIA
- 9.6.3 UAE
- 9.6.4 SOUTH AFRICA
- 9.6.5 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.4 KEY DEVELOPMENTS IN THE GLOBAL BRAKING SYSTEM MARKET
- 10.4.1 ACQUISITION
- 10.4.2 PARTNERSHIP
- 10.4.3 EXPANSION
- 10.4.4 PRODUCT LAUNCH

11 COMPANY PROFILES

11.1 SIEMENS
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 ABB
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 SCHNEIDER ELECTRIC
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 PARKER HANNIFIN CORP.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 HITACHI
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 MITSUBISHI ELECTRIC CORPORATION
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 EATON CORPORATION
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.2 SWOT ANALYSIS
- 11.7.3 KEY STRATEGIES
11.8 DANFOSS
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 ROCKWELL AUTOMATION
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 YASKAWA ELECTRIC CORPORATION
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES