AC Drives Market Size And Forecast
According to Verified Market Research, Global AC Drives Market was valued at USD 18.8 Billion in 2018 and is projected to grow at a CAGR of 5.76% to reach USD 29.5 Billion by 2026, over the forecast period.

The Global AC Drives Market report provides a holistic evaluation of the market for the forecast period (2017–2026). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global AC Drives Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

What are AC Drives?
The AC Drives is the device that is used to control the speed of the electric motors. For controlling the speed of the motor, the frequency, and voltage of the electric supply, magnetic flux of electric motor is taken into consideration. The optimum energy utilization and enhancement in motor performance can be achieved using ac drives. Its application is widespread in industries such as oil and gas mining, and others.

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Global AC Drives Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Owing to the rapid growth in urbanization and industrialization, the demand for the ac drives is in surge and thereby fueling the growth of the market. In addition, the increasing need for the low power ac drives in response to enhance the efficiency of the fuel is another factor propelling g the growth of the market. Moreover, the stringent government regulation for the environmental concerns led to imposing a positive outlook on the market growth. However, decreasing greenfield investment is the factor restricting market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global AC Drives Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global AC Drives Market Competitive Landscape
The “Global AC Drives Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schneider Electric SE, Siemens AG, Danfoss Group, ABB Ltd., Rockwell Automation, Inc., Mitsubishi Electric Co., Yaskawa Electric Corporation, Rockwell Automation, Inc., Hitachi Ltd., and Emerson Electric Co.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Global AC Drives Market: Scope of the Report
This report provides an all-inclusive environment of the analysis for the Global AC Drives Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global AC Drives Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Global AC Drives Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global AC Drives Market.

Global AC Drives Market Segment Analysis:
Global AC Drives Market is segmented into application, end-user, and geographical analysis.

AC Drives Market, By Application
• Compressors
• Conveyors
• Extruders
• Fans
• Pumps
• Others

AC Drives Market, By End-User
• Chemicals & Petrochemicals
• Metals & Mining
• Oil & Gas
• Power Generation
• Water & Wastewater
• Others

AC Drives Market, By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East & Africa

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