AC Drives Market Size, Share & Industry Analysis
AC Drives Market Size, Share & Industry Analysis, By Power Rating (Low Power Drives, Medium Power Drives, and High Power Drives), By Voltage (Low Voltage and Medium Voltage), By Application (Pumps, Conveyors, Compressors, Electric Fan), By End-User (Food & Beverage, Oil & Gas, Power Generation, Building Automation, Metal & Mining, Water & Wastewater, Chemical & Petrochemicals) and Regional Forecast, 2019-2026
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Favourable government regulations and supportive policies enhance the growth of the manufacturing industry, which helps to boost the AC drives market. For instance, implementation of standards such as ISO 50001 (energy-management-system standard) in the building & automation sector has the potential to accelerate the integration of building automation systems.
Increasing demand for energy optimization has enabled many industrial players to inject huge investments in the market. For instance, in July 2017, Power Survey, a leading manufacturer of power quality products, had received an investment of USD 24 million in sectors such as connectivity, energy optimization, and energy management. Hence, increasing demand for energy optimization and supportive government regulations is set to boost the product demand.
LIST OF KEY COMPANIES PROFILED:
• ABB
• Danfoss Group
• Schneider Electric
• Siemens
• Fuji Electric
• Emerson
• Parker Hannifin
• Rockwell Automation
• Toshiba International Corporation
• WEG
• Yaskawa Electric Corporation

Along with this, the report provides an elaborative analysis of the AC drive market dynamics and competitive landscape. Various key insights presented in the report are the recent industry developments in this market, such as mergers & acquisitions, the regulatory scenario in crucial countries, macro and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape, and company profiles.