Apr 13, 2019   SOURCE: BusinessWire

Global AC Drives Market Analysis & Forecast 2019-2024: Key Driving Factors & Challenges - ResearchAndMarkets.com

The "AC Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global AC drives market reached a value of US$ 18.9 Billion in 2018. Looking forward, the market is further projected to reach a value of around US$ 26.8 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

Market Drivers

The low energy consumption of AC drives is one of the prime factors that is driving the growth in the market. They adopt energy saving techniques which avoid strain on natural resources and offer a greater return on investment and efficiency. The use of these devices also reduces disturbances in the power supply and lowers carbon dioxide emissions.

Rapid industrialization and urbanization have increased the demand for automated and motor-driven equipment, in turn, escalating the sales of AC drives worldwide. Additionally, improving standards of living have catalyzed the development of modern infrastructure which has further contributed to the growth of the market.

The low production cost of AC drives coupled with an increase in electricity prices has bolstered their sales. Since these drives consume a minimal amount of electricity, require less maintenance and are easy to use, they are being preferred by manufacturers across the globe for use in motor-driven equipment.

The increasing popularity of industrial Internet of Things (IoT), along with the usage of cloud computing, mobile communications and web technologies for controlling and maintaining these drives, is also expected to create a positive impact on the growth of the market.

Study Coverage

This latest report provides a deep insight into the global AC drives market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

Key Questions Answered

  • How has the global AC drives market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global AC drives industry?
  • What is the breakup of the global AC drives market on the basis of power rating?
  • What is the breakup of the global AC drives market on the basis of voltage?
  • What is the breakup of the global AC drives market on the basis of application?
  • What is the breakup of the global AC drives market on the basis of end-use?
  • What are the various stages in the value chain of the global AC drives market?
  • What are the key driving factors and challenges in the global AC drives market?
  • What is the structure of the global AC drives market and who are the key players?
  • What is the degree of competition in the global AC drives market?

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global AC Drives Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Power Rating

5.4 Market Breakup by Voltage

5.5 Market Breakup by Application

5.6 Market Breakup by End-Use

5.7 Market Breakup by Region

5.8 Market Forecast

6 Market Breakup by Power Rating

6.1 Low Power Drives (< 40 kW)

6.2 Medium Power Drives (41 kW - 200 kW)

6.3 High Power Drives (>200 kW)

7 Market Breakup by Voltage

7.1 Low Voltage

7.2 Medium Voltage

8 Market Breakup by Application

8.1 Pumps

8.2 Fans

8.3 Compressor

8.4 Conveyors

8.5 Extruders

8.6 Others

9 Market Breakup by End-Use

9.1 Food and Beverage

9.2 Water and Wastewater

9.3 HVAC

9.4 Oil and Gas

9.5 Power

9.6 Metal Processing

9.7 Chemicals

9.8 Others

10 Market Breakup by Region

10.1 North America

10.2 Europe

10.3 Asia Pacific

10.4 Middle East and Africa

10.5 Latin America

11 Global AC Drives Industry: SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 ABB Ltd.

15.3.2 Danfoss Group

15.3.3 Schneider Electric SE

15.3.4 Siemens AG

15.3.5 Mitsubishi Electrical Corporation

15.3.6 Fuji Electric Co. Ltd.

15.3.7 Emerson Electric Co.

15.3.8 Hitachi Ltd.

15.3.9 Parker Hannifin Corporation

15.3.10 Rockwell Automation Inc.

15.3.11 Toshiba International Corporation

15.3.12 WEG S.A.

15.3.13 Yaskawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/9xnw3v