MarketsandMarkets Presents AC Drives Market

 The Alternate Current (AC) drive is an electronic device that controls the speed of an electric motor by changing the voltage, frequency, and magnetic flux in a motor circuit. Its advantages are primary increased energy savings and reduced motor wear. It is majorly used for variable torque application in industries such as oil & gas, water & wastewater, and mining.  Advantages like enhancing efficiency with optimum energy consumption through high potential AC drives creating a huge opportunity for the manufacturing industry. In addition, stringent government regulations to reduce carbon emissions during electricity production and consumption can add to the rising demand for the device. Increasing urbanization and industrialization is expected to drive the global AC drives market to USD 21.0 Billion by 2020, at a CAGR of 7.4% from 2015 to

html  The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).  In terms of region, the market is segmented into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Each segment has been analysed with respect to its market drivers, growth trends, and future prospects.

Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis

 The Asia-Pacific region holds a majority of market share owing to urbanization and significant development in process industries such as food & beverage, paper & pulp, textile, cement, metal processing industries, and growth in manufacturing industries, followed by Europe and North America. Countries such as India, China and Brazil are also projected to witness a decent growth in the AC drives market during the forecast period. The Middle East & Africa market is projected to grow at a faster pace, aided by large-scale infrastructure spending along with oil & gas operations.  The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).

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