The AC Drives Market Report evaluate fundamental factors Along with the regional analysis, the current trends in the AC Drives Industry. The Report Provides development of some unique segments and reasons for that. The AC Drives Market Report forecast AC Drives Industry in terms of volume and value along with research conclusions. The AC Drives Market Report meet user’s requirements and provides in detail information of Manufacturers. The report highlights the competitive landscape by elaborating on the current Opportunities, product developments, and Trends that took place in the AC Drives Industry in the recent past.
About AC Drives Market:
AC Drives market size will grow from USD 16.65 Billion in 2017 to USD 25.56 Billion by 2023, at an estimated CAGR of 7.4%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.The report segments the AC drives market based on end-user industries into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries. Oil & gas segment is the largest end-user of AC drives as it offers good speed controls & high energy savings. Based on voltage, the AC drives market has been segmented in low voltage and medium voltage AC drives. The low voltage AC drives segment is expected to dominate the AC drives market during the forecast period. The AC drives market has also been segmented based on power rating into three segments: low (below 40 kW), medium (41 â€“ 200 kW), and high (above 200 kW). Demand from building automation, food & beverage, oil & gas, construction, and pulp & paper industries will drive the low power AC drives market during the forecast period. The report segments the AC drives market based on applications into pump, fan, compressors, conveyors, extruders, and others. Increased demand for HVAC applications offered by pumps is expected to dominate the AC drives market.
Top leading Manufacturers of AC Drives Market:
- ABB Ltd. , Danfoss Group , Schneider Electric Se , Siemens AG , Mitsubishi Electrical Corporation , Fuji Electric Co. Ltd. , Emerson Electric Co. , Hitachi Ltd. , Parker Hannifin Corporation , Rockwell Automation Inc. , Toshiba International Corporation , WEG SA , Yaskawa Electric Corporation
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- Worldwide Market Size of AC Drives 2012-2017, and development forecast 2018-2023.
- Main Manufacturers/suppliers of AC Drives worldwide and market share by regions, with company and product introduction, position in the AC Drives market.
- Market status and development trend of AC Drives by types and applications.
- Cost and profit status of AC Drives Market, and marketing status.
- Market growth drivers and challenges.
AC Drives Market by Product Type:
- Type1, Type2, Type3
AC Drives Market by Application:
- Pumps , Fans , Compressors , Conveyors , Extruders
Scope of AC Drives Market by Region:
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia)
- Europe (Germany, UK, France, Italy and Russia etc)
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AC Drives Market Report Provides Comprehensive Analysis Including Following:
- Market segments and sub-segments
- Market size
- Market trends and dynamics
- Competitive landscape
- Major Manufacturers Production and Sales Market Comparison Analysis
- AC Drives Market Drivers and Opportunities
- Product Specification and Major Types Analysis
- Supply and demand
- Regional Production Market Analysis
- Regional Market Performance and Market Share
Key questions answered in the AC Drives Market report:
- What will the AC Drives Market Size and the Growth rate be in 2023?
- What are the key market trends impacting the growth of the AC Drives Industry?
- Who are the global key manufacturers of AC Drives industry: Company Introduction, Product Specification and Major Types Analysis, Production Market Performance, Sales Market Performance, Contact Information.
- What are the types and applications of AC Drives? What is the market share of each type and application: production, revenue, price, Market Size (Sales) Market Share by Type.
- What are the upstream raw materials and manufacturing equipment of AC Drives Market? Up Stream Industries Analysis, Raw Material and Suppliers, Equipment and Suppliers, Manufacturing Analysis, Manufacturing Process, Manufacturing Cost Structure, Manufacturing Plants Distribution Analysis, Industry Chain Structure Analysis
- What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of AC Drives?
- What are the AC Drives market opportunities and threats faced by the vendors in the global AC Drives Industry?
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