AC Drives Market Trends, Business Overview, Industry Growth and Forecast to 2028

The Global AC Drives Market size is expected to grow at an annual average of 6.73% during 2022-2028. An AC drive is a device used to control the speed of an electric motor. It takes into account the magnetic flux of an electric motor to control the speed of the motor, the frequency and voltage of the power supply.

The following Segmentation are covered in this report:

By Voltage

• Low Voltage
• Medium Voltage

By Application

• Pumps
• Fans
• Compressor
• Conveyors
• Extruders
• Other application

By End–Use Industry

• Oil & Gas
• Water & wastewater
• Power generation
• Building Automation
• Food & Beverage
• Metals & Mining
• Chemicals & Petrochemicals
• Other industries

By Power Rating

• Low Power Drives (< 40 kW)
• Medium Power Drives (41 – 200 kW)
• High Power Drives (> 200 kW)

The report covers the following objectives:

• Proliferation and maturation of trade in the global AC Drives Market.
• The market share of the global AC Drives Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global AC Drives Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global AC Drives Market.

  Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?
    • Deviation from the pre-COVID-19 forecast
    • Most affected region and segment
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?