AC Drives Market Size, Status and Forecast 2023

(IT-NEWSWIRE.COM, May 05, 2018 ) AC Drives market size will grow from USD 16.65 Billion in 2017 to USD 25.56 Billion by 2023, at an estimated CAGR of 7.4%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.The report segments the AC drives market based on end-user industries into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries. Oil & gas segment is the largest end-user of AC drives as it offers good speed controls & high energy savings. Based on voltage, the AC drives market has been segmented in low voltage and medium voltage AC drives. The low voltage AC drives segment is expected to dominate the AC drives market during the forecast period.

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The AC drives market has also been segmented based on power rating into three segments: low (below 40 kW), medium (41-200 kW), and high (above 200 kW). Demand from building automation, food & beverage, oil & gas, construction, and pulp & paper industries will drive the low power AC drives market during the forecast period. The report segments the AC drives market based on applications into pump, fan, compressors, conveyors, extruders, and others. Increased demand for HVAC applications offered by pumps is expected to dominate the AC drives market.

By Market Players:
ABB Ltd. , Danfoss Group , Schneider Electric Se , Siemens AG , Mitsubishi Electrical Corporation , Fuji Electric Co. Ltd. , Emerson Electric Co. , Hitachi Ltd. , Parker Hannifin Corporation , Rockwell Automation, Inc. , Toshiba International Corporation , WEG SA , Yaskawa Electric Corporation, , , , , , ,

By Voltage
Low Voltage , Medium Voltage, , ,

By Power Rating
Low Power , Medium Power , High Power, ,

By End-Use Industry
Oil & Gas , Water & Wastewater , Power Generation , Building Automation , Food & Beverage

By Application
Pumps , Fans , Compressors , Conveyors , Extruders

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.

9.1 Up Stream Industries Analysis
9.1.1 Raw Material and Suppliers
9.1.2 Equipment and Suppliers
9.2 Manufacturing Analysis
9.2.1 Manufacturing Process
9.2.2 Manufacturing Cost Structure
9.2.3 Manufacturing Plants Distribution Analysis
9.3 Industry Chain Structure Analysis
Chapter 10 Global and Regional Market Forecast
10.1 Production Market Forecast
10.1.1 Global Market Forecast
10.1.2 Major Region Forecast
10.2 Sales Market Forecast
10.2.1 Global Market Forecast
10.2.2 Major Classification Forecast
10.3 Consumption Market Forecast
10.3.1 Global Market Forecast
10.3.2 Major Region Forecast
10.3.3 Major Application Forecast
Chapter 11 Major Manufacturers Analysis
11.1 ABB Ltd.
11.1.1 Company Introduction
11.1.2 Product Specification and Major Types Analysis
11.1.3 2012-2017 Production Market Performance
11.1.4 2012-2017 Sales Market Performance
11.1.5 Contact Information
11.2 Danfoss Group
11.2.1 Company Introduction
11.2.2 Product Specification and Major Types Analysis
11.2.3 2012-2017 Production Market Performance
11.2.4 2012-2017 Sales Market Performance
11.2.5 Contact Information
11.3 Schneider Electric Se
11.3.1 Company Introduction
11.3.2 Product Specification and Major Types Analysis
11.3.3 2012-2017 Production Market Performance
11.3.4 2012-2017 Sales Market Performance
11.3.5 Contact Information
11.4 Siemens AG
11.4.1 Company Introduction
11.4.2 Product Specification and Major Types Analysis
11.4.3 2012-2017 Production Market Performance
11.4.4 2012-2017 Sales Market Performance
11.4.5 Contact Information
11.5 Mitsubishi Electrical Corporation
11.5.1 Company Introduction
11.5.2 Product Specification and Major Types Analysis
11.5.3 2012-2017 Production Market Performance
11.5.4 2012-2017 Sales Market Performance
11.5.5 Contact Information
11.6 Fuji Electric Co. Ltd.
11.6.1 Company Introduction
11.6.2 Product Specification and Major Types Analysis
11.6.3 2012-2017 Production Market Performance
11.6.4 2012-2017 Sales Market Performance
11.6.5 Contact Information
11.7 Emerson Electric Co.
11.7.1 Company Introduction
11.7.2 Product Specification and Major Types Analysis
11.7.3 2012-2017 Production Market Performance
11.7.4 2012-2017 Sales Market Performance
11.7.5 Contact Information
11.8 Hitachi Ltd.
11.8.1 Company Introduction
11.8.2 Product Specification and Major Types Analysis
11.8.3 2012-2017 Production Market Performance
11.8.4 2012-2017 Sales Market Performance
11.8.5 Contact Information
11.9 Parker Hannifin Corporation
11.9.1 Company Introduction
11.9.2 Product Specification and Major Types Analysis
11.9.3 2012-2017 Production Market Performance
11.9.4 2012-2017 Sales Market Performance
11.9.5 Contact Information
11.10 Rockwell Automation, Inc.
11.10.1 Company Introduction
11.10.2 Product Specification and Major Types Analysis
11.10.3 2012-2017 Production Market Performance
11.10.4 2012-2017 Sales Market Performance
11.10.5 Contact Information
11.11 Toshiba International Corporation
11.11.1 Company Introduction
11.11.2 Product Specification and Major Types Analysis
11.11.3 2012-2017 Production Market Performance
11.11.4 2012-2017 Sales Market Performance
11.11.5 Contact Information
11.12 WEG SA
11.12.1 Company Introduction
11.12.2 Product Specification and Major Types Analysis
11.12.3 2012-2017 Production Market Performance
11.12.4 2012-2017 Sales Market Performance
11.12.5 Contact Information
11.13 Yaskawa Electric Corporation
11.13.1 Company Introduction

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AC Drives Market Size, Status and Forecast 2023