Global AC Drives Market Insights and Forecast to 2026

The alternate current drive (AC drive) is an electronic device which is used for regulating the velocity of an electric motor by fluctuating the frequency, magnetic flux, and voltage in a motor circuit. AC drives supports in develops efficiency of the system, saving energy, and minimize motor wear.
Oil & gas segment is the largest end-user of AC drives as it offers good speed controls & high energy savings.

Market Analysis and Insights: Global AC Drives Market
The global AC Drives market size is projected to reach US$ 17030 million by 2026, from US$ 16050 million in 2020, at a CAGR of 5.7%% during 2021-2026.

Global AC Drives Scope and Segment
AC Drives market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global AC Drives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

Segment by Type, the AC Drives market is segmented into
Low Voltage
Medium Voltage

Segment by Application, the AC Drives market is segmented into
Oil & Gas
Water & wastewater
Power generation
Building Automation
Food & Beverage
Metals & Mining
Chemicals & Petrochemicals
Others

Regional and Country-level Analysis
The AC Drives market is analysed and market size information is provided by regions (countries).
The key regions covered in the AC Drives market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.

Competitive Landscape

and AC Drives Market Share Analysis

AC Drives market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of AC Drives by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on production, revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue, and the production capacity, price, revenue generated in AC Drives business, the date to enter into the AC Drives market, AC Drives product introduction, recent developments, etc.
The major vendors covered:
ABB
Danfoss
Schneider
Siemens
Mitsubishi
Fuji
Emerson
Hitachi
Parker Hannifin
Rockwell
Toshiba
WEG
Yaskawa