Mar 24, 2021   SOURCE: BusinessWire

Worldwide AC Drives Industry to 2026 - Players Include ABB, Danfoss and Schneider Electric Among Others - ResearchAndMarkets.com

The "AC Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global AC drives market reached a value of US$ 20.5 Billion in 2020. Looking forward, the publisher expects the global AC drives market to grow at a CAGR of around 7% during 2021-2026

AC drives are used for regulating the velocity of electric motors and function by fluctuating the frequency, magnetic flux and voltage in the motor's circuit. They are used to achieve effective control over the motor's speed and reduce energy consumption. Owing to this, they are employed across the oil and gas, power generation, building automation, food and beverage, and metals and mining sectors.

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.

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. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global Ac drives market in any manner

Companies Mentioned

  • 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

Key Questions Answered in This Report:

  • 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 has been the impact of COVID-19 on 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?

Key Topics Covered:

1 Preface

2 Scope and 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 Impact of COVID-19

5.4 Market Breakup by Power Rating

5.5 Market Breakup by Voltage

5.6 Market Breakup by Application

5.7 Market Breakup by End-Use

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup by Power Rating

6.1 Low Power Drives (< 40 kW)

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Medium Power Drives (41 kW - 200 kW)

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 High Power Drives (>200 kW)

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Voltage

7.1 Low Voltage

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Medium Voltage

7.2.1 Market Trends

7.2.2 Market Forecast

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

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/uulfy7