MRRS adds "AC Drives Market by Voltage , End-Use Industry and Region – Global Trends & Forecast to 2021" latest studies, published in November 2016. It is a professional and in-depth study.
summary
“The AC drives is projected to grow at a CAGR of 7.0% from 2016 to 2021”
The AC drives market is projected to reach USD 22.07 billion by 2021, growing at a CAGR of 7.0% from 2016 to 2021. AC drives are used in oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries. Increase in urbanization & industrialization, rising need for energy efficiency, and regulation for energy efficiency are expected to drive the AC drives market. Decrease in Greenfield investment is a restraint for global AC drives market.
“The AC drive with Medium voltage segment is expected to grow at the fastest CAGR from 2016 to 2021”

With regard to voltage, the medium voltage AC drives is estimated to grow at the fastest CAGR. The demand from industries such as utilities, petrochemicals, water & wastewater, metals & mining, and cement, will drive the medium voltage AC drives market. The medium voltage generally employed in applications such as pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.
“Asia-Pacific: The largest market for AC drives”
Asia-Pacific is currently the largest market for AC drives market, followed by Europe. The market of Asia-Pacific is primarily driven by countries such as China, India, Japan, Australia, and Rest of Asia-Pacific. China is expected to dominate the AC drives market, followed by Japan and India. Urbanization and industrialization will drive the Asia-Pacific market for the forecast period.
Browse Complete Report with TOC @
[URL]http://www.marketresearchreportstore.com/shop/ac-drives-market-by-voltage-low-and-medium-power-rating-low-medium-and-high-power-application-pumps-fans-compressors-conveyors-extruders-end-use-industry-and-region-global-trends-fo[URL]

About Market Research Report Store
Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

Any questions, please feel free to contact us:
Tel: +00-1-626-3463946 - U.S Helen
Email: Helen Mo
[email protected] or
[email protected]
http://www.marketresearchreportstore.com/