Global AC Adjustable Speed Drives Market Growth 2023-2029

Global AC Adjustable Speed Drives Market Growth 2023-2029

AC Adjustable Speed Drive (ASD) have become very popular variable speed control devices used in industrial, commercial and some residential applications. These devices have been available for about 20 years and have a wide range of applications ranging from single motor driven pumps, fans and compressors, to highly sophisticated multi-drive machines. They operate by varying the frequency of the AC voltage supplied to the motor using solid state electronic devices.

LPI (LP Information)' newest research report, the “AC Adjustable Speed Drives Industry Forecast” looks at past sales and reviews total world AC Adjustable Speed Drives sales in 2022, providing a comprehensive analysis by region and market sector of projected AC Adjustable Speed Drives sales for 2023 through 2029. With AC Adjustable Speed Drives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AC Adjustable Speed Drives industry.

This Insight Report provides a comprehensive analysis of the global AC Adjustable Speed Drives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AC Adjustable Speed Drives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global AC Adjustable Speed Drives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AC Adjustable Speed Drives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AC Adjustable Speed Drives.

The global AC Adjustable Speed Drives market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for AC Adjustable Speed Drives is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for AC Adjustable Speed Drives is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for AC Adjustable Speed Drives is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key AC Adjustable Speed Drives players cover Mitsubishi Electric, Siemens, Toshiba, ABB, Schaffner, Danfoos, Yaskawa Electric, WEG and Johnson Controls, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of AC Adjustable Speed Drives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low Voltage Drives
Medium Voltage Drives
High Voltage Drives

Segmentation by application
Pumps
Fans
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
Siemens
Toshiba
ABB
Schaffner
Danfoos
Yaskawa Electric
WEG
Johnson Controls
Power Systems International（PSI）
Rockwell Automation
Fuji Electric
Hitachi
Eaton
Franklin Control Systems
Parker
Schneider Electric
Invertek Drives

Key Questions Addressed in this Report

What is the 10-year outlook for the global AC Adjustable Speed Drives market?

What factors are driving AC Adjustable Speed Drives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do AC Adjustable Speed Drives market opportunities vary by end market size?

How does AC Adjustable Speed Drives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.