AC Drives Market Size, Share & Industry Analysis, By Power Rating (Low Power Drives, Medium Power Drives, and High Power Drives), By Voltage (Low Voltage and Medium Voltage), By Application (Pumps, Conveyors, Compressors, Electric Fan), By End-User (Food & Beverage, Oil & Gas, Power Generation, Building Automation, Metal & Mining, Water & Wastewater, Chemical & Petrochemicals) and Regional Forecast, 2019-2032
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The global AC drives market size was valued at USD 10.39 billion in 2018 and is projected to reach USD 20.98 billion by 2032, exhibiting a CAGR of 5.15% during the forecast period of 2019-2032.
AC Drives Market Industry Competitive Analysis:
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.
KEY PLAYERS:
The major companies profiled in the report includes:
- ABB
- Danfoss Group
- Schneider Electric
- Siemens
- Fuji Electric
- Emerson
- Parker Hannifin
- Rockwell Automation
- Toshiba International Corporation
- WEG
- Yaskawa Electric Corporation
Key benefits
“Increasing Rate of Industrialization and Urbanization to Fuel the Market”
The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.
The market projections from 2024 to 2032 along with the impacting factors are mentioned in the report.
The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.
In-depth analyses of the key segments of the market demonstrate the consumption of AC Drives Market in different applications across different end-user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
Industry Segmentations:
- By Power Rating
- Low Power Drive
- Medium Power Drive
- High Power Drive
- By Voltage
- Low Voltage
- Medium Voltage
- By Application
- Pumps
- Conveyors
- Compressors
- Electric Fan
- Extruders
- Others
- By End-User
- Food & Beverage
- Oil & Gas
- Power Generation
- Building Automation
- Metal & Mining
- Water & Wastewater
- Chemicals & Petrochemicals
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter’s Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2024 to 2030?
► What are the key market dynamics influencing growth in the Global AC Drives Market?
► Who are the prominent players in the Global AC Drives Market?
► What is the consumer perspective in the Global AC Drives Market?
► What are the key demand-side and supply-side trends in the Global AC Drives Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global AC Drives Market?
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
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The report shares key insights on:
- Current market size
- Market forecast
- Market opportunities
- Key drivers and restraints
- Regulatory scenario
- Industry trend
- New product approvals/launch
- Promotion and marketing initiatives
- Pricing analysis
- Competitive landscape
Frequently Asked Questions (FAQs) for AC Drives Market Report:
A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:
- What is the current global energy mix, and how is it expected to change in the future?
- What are the main challenges facing the energy and power industry?
- How are technological advancements impacting the way we generate, transmit, and distribute electricity?
- What role do government policies play in shaping the energy and power landscape?
- What are the potential impacts of climate change on the energy and power industry?
- What is the future of energy prices?
Key Benefits of Buying the Report:
The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall AC Drives Market and the sub segments.
The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications.
This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the AC Drives Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Market Segmentation
- Types of AC Drives Market
- Applications of AC Drives Market
- Research Regions
- Market Dynamics
- AC Drives Market Industry Trends
- AC Drives Market Drivers
- AC Drives Market Market Challenges
- AC Drives Market Market Restraints
- Industry News and Policies by Regions
- Industry News
- Industry Policies
- Mergers & Acquisitions, Expansion Plans
- AC Drives Market Development Trends under COVID-9 Outbreak
- Global COVID-9 Status Overview
- Influence of COVID-9 Outbreak on AC Drives Market Industry Development
Industry Chain Analysis
- Upstream Raw Material Supply and Demand Analysis
- Global AC Drives Market Major Upstream Raw Material and Suppliers
- Raw Material Source Analysis
- Major Players of AC Drives Market
- Major Players Manufacturing Base of AC Drives Market
- Major Players Market Distribution
- AC Drives Market Manufacturing Cost Structure Analysis
- Production Process Analysis
- Manufacturing Cost Structure of AC Drives Market
- Market Channel Analysis of AC Drives Market
- Major Down Stream Customers by Application
TOC continued …
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