Global AC Drives Market Overview

The AC Drives Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Alternate Current (AC) drives are electronic devices that regulate the speed and torque of an electric motor by alternating parameters such as voltage, frequency, and magnetic flux. These alternating parameters are controlled by an alternate current. Managing the entire operational costs of energy-intensive industries requires a significant amount of attention to be paid to optimizing energy use. Controlling the speed and torque of electric motors is one of the primary functions of AC drives, which allows for significant cost savings in addition to improvements in energy efficiency. AC drives have widespread uses in industries such as oil and gas, water and wastewater, and mining because they minimize energy usage and have the advantage of the advantages of prolonging the life of electrical equipment.

The expansion of the market is primarily driven by a number of major variables, the most important of which are the rise in expanding urbanization and the growth rate of industrialization. There are a variety of rules on how to acquire energy efficiency, and there is also an increasing need for energy optimization in a variety of different industrial processes. These are the primary drivers that are driving the expansion of the market. One of the primary factors that are working against the expansion of the market is a slowdown in the amount of foreign direct investment, particularly in the form of greenfield investments. On the other hand, the market for replacements has a significant chance for expansion on a large scale. In addition, expanding applications of the Industrial Internet of Things (IIoT) will present the AC drives market with numerous lucrative expansion potential. A crucial market difficulty that needs to be conquered by key market players in order to develop a grip on the market is the fact that several local vendors are providing fierce rivalry with the major market participants.

Market Dynamics And Factors For AC Drives Market

Drivers:

• Rapidly Growing Industrialization and Urbanization

Restraints:

• Decline In Foreign Direct Investments

Opportunity:

• Wide Range of Increasing Popularity of the Industrial Internet of Things (IoT)

Regional Analysis of AC Drives Market

In North America, the production capacity of AC drives is quickly developing. This growth is being driven by rapid urbanization as well as developments in end-user sector technologies. This can be connected to the fact that the region is now experiencing robust economic growth at the present time. The expansion of the overall market as well as the continued development of the drives industry's technology are two significant variables that are driving the growth of the AC drives market in the region. Another factor that is contributing to the growth of the market is the increasing prevalence of high-end user applications across numerous sectors.

Covid-19 Impact Analysis On the AC Drives Market

As a direct consequence of the recent COVID-19 epidemic, the operations of a lot of different businesses have either been put on hold indefinitely or are continuing with a significantly reduced workforce as a consequence of lockdowns that have been implemented and restrictions that have been imposed by various governing bodies in reaction to the epidemic. The international market for AC Drives is not an exception, and it is anticipated that this factor will have a significant negative impact on the growth of revenue within this sector of the economy. Additionally, the high costs associated with the installation and maintenance of these machines is another factor that is another aspect that may be a factor that hinders the revenue growth of the worldwide AC Drives market over the course of this projection period. These high costs are expected to be a factor that hinders the growth of the market. These expenses are connected to the international market for AC Drives.

Top Key Players Covered In the AC Drives Market

• ABB LTD.(Switzerland)
• Danfoss Group (Denmark)
• Mitsubishi Electrical Co. (Japan)
• Schneider Electric Co. (France)
• Siemens Ag Fuji Electric Co. Ltd. (Japan)
• Emerson Electric Co. (United States)
• Hiconics Drive Technology Co. Ltd. (China)
• Hitachi Ltd.(Japan)
• Parker Hannifin Co. (India)
• Rockwell Automation Inc. (United States), and Other Major Players

Key Industry Development In The AC Drives Market

In February 2021, Yaskawa Electric Corporation has achieved the cumulative shipment of 30 million AC drives. The achievement reflects the company's development in motor control and innovation in drive technologies, which has led to its adoption globally.

In March 2021, Toshiba Mitsubishi-Electric Industrial Systems Corporation has delivered a motor drive system and an automation system to a mill facility in China. This has enabled the facility to improve various functions and expand the type and size of steel production.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Power Rating
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: AC Drives Market by Power Rating
 5.1 AC Drives Market Overview Snapshot and Growth Engine
 5.2 AC Drives Market Overview
 5.3 Low Power Drives
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Low Power Drives: Geographic Segmentation
 5.4 Medium Power Drives
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Medium Power Drives: Geographic Segmentation
 5.5 High Power Drives
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 High Power Drives: Geographic Segmentation

Chapter 6: AC Drives Market by Application
 6.1 AC Drives Market Overview Snapshot and Growth Engine
 6.2 AC Drives Market Overview
 6.3 Pumps
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Pumps: Geographic Segmentation
 6.4 Fans
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Fans: Geographic Segmentation
 6.5 Compressors
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Compressors: Geographic Segmentation
 6.6 Other
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Other: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 AC Drives Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 AC Drives Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 AC Drives Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ABB LTD. (SWITZERLAND)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 DANFOSS GROUP (DENMARK)
 7.4 MITSUBISHI ELECTRICAL CO. (JAPAN)
 7.5 SCHNEIDER ELECTRIC CO. (FRANCE)
 7.6 SIEMENS AG FUJI ELECTRIC CO. LTD. (JAPAN)
 7.7 EMERSON ELECTRIC CO. (UNITED STATES)
 7.8 HICONICS DRIVE TECHNOLOGY CO. LTD. (CHINA)
 7.9 HITACHI LTD. (JAPAN)
 7.10 PARKER HANNIFIN CO. (INDIA)
 7.11 ROCKWELL AUTOMATION INC. (UNITED STATES)
 7.12 OTHER MAJOR PLAYERS

Chapter 8: Global AC Drives Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Power Rating
  8.2.1 Low Power Drives
  8.2.2 Medium Power Drives
  8.2.3 High Power Drives
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Pumps
  8.3.2 Fans
  8.3.3 Compressors
  8.3.4 Other

Chapter 9: North America AC Drives Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Power Rating
  9.4.1 Low Power Drives
  9.4.2 Medium Power Drives
  9.4.3 High Power Drives
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Pumps
  9.5.2 Fans
  9.5.3 Compressors
  9.5.4 Other
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe AC Drives Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Power Rating
  10.4.1 Low Power Drives
  10.4.2 Medium Power Drives
  10.4.3 High Power Drives
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Pumps
  10.5.2 Fans
  10.5.3 Compressors
  10.5.4 Other
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific AC Drives Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Power Rating
  11.4.1 Low Power Drives
  11.4.2 Medium Power Drives
  11.4.3 High Power Drives
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Pumps
  11.5.2 Fans
  11.5.3 Compressors
  11.5.4 Other
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa AC Drives Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Power Rating
  12.4.1 Low Power Drives
  12.4.2 Medium Power Drives
  12.4.3 High Power Drives
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Pumps
  12.5.2 Fans
  12.5.3 Compressors
  12.5.4 Other
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America AC Drives Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Power Rating
  13.4.1 Low Power Drives
  13.4.2 Medium Power Drives
  13.4.3 High Power Drives
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Pumps
  13.5.2 Fans
  13.5.3 Compressors
  13.5.4 Other
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. AC DRIVES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. AC DRIVES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. AC DRIVES MARKET COMPETITIVE RIVALRY
TABLE 005. AC DRIVES MARKET THREAT OF NEW ENTRANTS
TABLE 006. AC DRIVES MARKET THREAT OF SUBSTITUTES
TABLE 007. AC DRIVES MARKET BY POWER RATING
TABLE 008. LOW POWER DRIVES MARKET OVERVIEW (2016-2028)
TABLE 009. MEDIUM POWER DRIVES MARKET OVERVIEW (2016-2028)
TABLE 010. HIGH POWER DRIVES MARKET OVERVIEW (2016-2028)
TABLE 011. AC DRIVES MARKET BY APPLICATION
TABLE 012. PUMPS MARKET OVERVIEW (2016-2028)
TABLE 013. FANS MARKET OVERVIEW (2016-2028)
TABLE 014. COMPRESSORS MARKET OVERVIEW (2016-2028)
TABLE 015. OTHER MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA AC DRIVES MARKET, BY POWER RATING (2016-2028)
TABLE 017. NORTH AMERICA AC DRIVES MARKET, BY APPLICATION (2016-2028)
TABLE 018. N AC DRIVES MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE AC DRIVES MARKET, BY POWER RATING (2016-2028)
TABLE 020. EUROPE AC DRIVES MARKET, BY APPLICATION (2016-2028)
TABLE 021. AC DRIVES MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC AC DRIVES MARKET, BY POWER RATING (2016-2028)
TABLE 023. ASIA PACIFIC AC DRIVES MARKET, BY APPLICATION (2016-2028)
TABLE 024. AC DRIVES MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA AC DRIVES MARKET, BY POWER RATING (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA AC DRIVES MARKET, BY APPLICATION (2016-2028)
TABLE 027. AC DRIVES MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA AC DRIVES MARKET, BY POWER RATING (2016-2028)
TABLE 029. SOUTH AMERICA AC DRIVES MARKET, BY APPLICATION (2016-2028)
TABLE 030. AC DRIVES MARKET, BY COUNTRY (2016-2028)
TABLE 031. ABB LTD. (SWITZERLAND): SNAPSHOT
TABLE 032. ABB LTD. (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 033. ABB LTD. (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 034. ABB LTD. (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. DANFOSS GROUP (DENMARK): SNAPSHOT
TABLE 035. DANFOSS GROUP (DENMARK): BUSINESS PERFORMANCE
TABLE 036. DANFOSS GROUP (DENMARK): PRODUCT PORTFOLIO
TABLE 037. DANFOSS GROUP (DENMARK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. MITSUBISHI ELECTRICAL CO. (JAPAN): SNAPSHOT
TABLE 038. MITSUBISHI ELECTRICAL CO. (JAPAN): BUSINESS PERFORMANCE
TABLE 039. MITSUBISHI ELECTRICAL CO. (JAPAN): PRODUCT PORTFOLIO
TABLE 040. MITSUBISHI ELECTRICAL CO. (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. SCHNEIDER ELECTRIC CO. (FRANCE): SNAPSHOT
TABLE 041. SCHNEIDER ELECTRIC CO. (FRANCE): BUSINESS PERFORMANCE
TABLE 042. SCHNEIDER ELECTRIC CO. (FRANCE): PRODUCT PORTFOLIO
TABLE 043. SCHNEIDER ELECTRIC CO. (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. SIEMENS AG FUJI ELECTRIC CO. LTD. (JAPAN): SNAPSHOT
TABLE 044. SIEMENS AG FUJI ELECTRIC CO. LTD. (JAPAN): BUSINESS PERFORMANCE
TABLE 045. SIEMENS AG FUJI ELECTRIC CO. LTD. (JAPAN): PRODUCT PORTFOLIO
TABLE 046. SIEMENS AG FUJI ELECTRIC CO. LTD. (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. EMERSON ELECTRIC CO. (UNITED STATES): SNAPSHOT
TABLE 047. EMERSON ELECTRIC CO. (UNITED STATES): BUSINESS PERFORMANCE
TABLE 048. EMERSON ELECTRIC CO. (UNITED STATES): PRODUCT PORTFOLIO
TABLE 049. EMERSON ELECTRIC CO. (UNITED STATES): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. HICONICS DRIVE TECHNOLOGY CO. LTD. (CHINA): SNAPSHOT
TABLE 050. HICONICS DRIVE TECHNOLOGY CO. LTD. (CHINA): BUSINESS PERFORMANCE
TABLE 051. HICONICS DRIVE TECHNOLOGY CO. LTD. (CHINA): PRODUCT PORTFOLIO
TABLE 052. HICONICS DRIVE TECHNOLOGY CO. LTD. (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. HITACHI LTD. (JAPAN): SNAPSHOT
TABLE 053. HITACHI LTD. (JAPAN): BUSINESS PERFORMANCE
TABLE 054. HITACHI LTD. (JAPAN): PRODUCT PORTFOLIO
TABLE 055. HITACHI LTD. (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. PARKER HANNIFIN CO. (INDIA): SNAPSHOT
TABLE 056. PARKER HANNIFIN CO. (INDIA): BUSINESS PERFORMANCE
TABLE 057. PARKER HANNIFIN CO. (INDIA): PRODUCT PORTFOLIO
TABLE 058. PARKER HANNIFIN CO. (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ROCKWELL AUTOMATION INC. (UNITED STATES): SNAPSHOT
TABLE 059. ROCKWELL AUTOMATION INC. (UNITED STATES): BUSINESS PERFORMANCE
TABLE 060. ROCKWELL AUTOMATION INC. (UNITED STATES): PRODUCT PORTFOLIO
TABLE 061. ROCKWELL AUTOMATION INC. (UNITED STATES): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 062. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 063. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 064. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. AC DRIVES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. AC DRIVES MARKET OVERVIEW BY POWER RATING
FIGURE 012. LOW POWER DRIVES MARKET OVERVIEW (2016-2028)
FIGURE 013. MEDIUM POWER DRIVES MARKET OVERVIEW (2016-2028)
FIGURE 014. HIGH POWER DRIVES MARKET OVERVIEW (2016-2028)
FIGURE 015. AC DRIVES MARKET OVERVIEW BY APPLICATION
FIGURE 016. PUMPS MARKET OVERVIEW (2016-2028)
FIGURE 017. FANS MARKET OVERVIEW (2016-2028)
FIGURE 018. COMPRESSORS MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA AC DRIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE AC DRIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC AC DRIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA AC DRIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA AC DRIVES MARKET OVERVIEW BY COUNTRY (2016-2028)