AC Drives Market Detailed Analysis Based on Research Report Implementation, Latest Trends, Growth and Business Opportunities

Posted on Jun 20 2022 4:47 AM

"Leading companies in the AC Drives Market are ABB, Danfoss Group,Schneider Electric, Siemens, Fuji Electric, Emerson, Parker Hannifin,Rockwell Automation, Toshiba International Corporation, WEG, Yaskawa Electric Corporation "

The global AC drives market size stood at USD 10.39 billion in 2018 and is projected to reach USD 15.62 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period.

The AC Drives Market 2022 | Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights.The AC Drives Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

Get Full PDF Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100728   

Key Industry Development: 

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.

AC Drives Market Report Scope: 

REPORT ATTRIBUTE DETAILS
Market size available for years 2019-2026
CAGR Value  5.2%
Base year considered 2018
Historical data 2015-2017
Forecast Period 2019-2026
Quantitative units Revenue in USD million and CAGR from 2019-20261
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

 

Industry Globalization Drivers:

“Increasing Rate of Industrialization and Urbanization to Fuel the Market”

Substantial increase in urbanization along with growing rate of industrialization are the major factors driving the AC drives market trends. Urbanization would increase consumer demand, which results in to increase in the manufacturing sector, propelling the demand for AC drives during the forecast period. For instance, as per Central Intelligence Agency, China, India, Malaysia, and Vietnam has an urban population of 60.3%, 34.5%, 76.6%, and 36.6% as of 2019 which is increasing at a rate of 2.4%, 2.4%, 2.1%, and 3% respectively. According to the World Investment Report 2018, Governments are parallelly focusing on improvising the industrial policies and regulations to bring a conducive environment for exploring new industries and improve the sustainability amongst competitors such as strategic investment policy priorities, entry and establishment of foreign investors, and promotion and facilitation of investment policies. Hence, significant industrialization growth helps the market to grow at a faster pace. Rising urbanization and increasing rate of industrialization act as a potential driver for the AC drive market during the forecast period.

“Supportive Government Regulations and Rising Demand For Energy Optimization to Feed Growth”

Favorable government regulations and supportive policies enhance the growth of the manufacturing industry, which helps to boost the AC drives market. For instance, implementation of standards such as ISO 50001 (energy-management-system standard) in the building & automation sector has the potential to accelerate the integration of building automation systems. Increasing demand for energy optimization has enabled many industrial players to inject huge investments in the market. For instance, in July 2017, Power Survey, a leading manufacturer of power quality products, had received an investment of USD 24 million in sectors such as connectivity, energy optimization, and energy management. Hence, increasing demand for energy optimization and supportive government regulations is set to boost the product demand.

"

The AC Drives Market COVID-19 influence analysis:

  • Pre & post COVID-19 market size
  • A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
  • The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy

The study provides analysis on market participants including:

  • ABB
  • Danfoss Group
  • Schneider Electric
  • Siemens
  • Fuji Electric
  • Emerson
  • Parker Hannifin
  • Rockwell Automation
  • Toshiba International Corporation
  • WEG
  • Yaskawa Electric Corporation

 

Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2026).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global AC Drives Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global AC Drives Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global AC Drives Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global AC Drives Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global AC Drives Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global AC Drives Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global AC Drives Market.

Purchase Full Report at - https://www.fortunebusinessinsights.com/checkout-page/100728

Detailed TOC of Global AC Drives Market Report 2022

AC Drives Market Introduction and Market Overview

  • Objectives of the Study
  • Overview of AC Drives Market
  • AC Drives Market Market Scope and Market Size Estimation
  • Market Concentration Ratio and Market Maturity Analysis
  • Global AC Drives Market Revenue and Growth Rate

 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 in 2026
  • Major Players Market Distribution in 2026
  • 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

Continued….

 Have Any Query? Ask Our Experts:  https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/100728   

 About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

Fortune Business Insights™

LinkedIn | Twitter | Blogs