AC Drives Market Intelligence Report - Global Forecast to 2027

AC Drives Market Intelligence Report - Global Forecast to 2027

The Global AC Drives Market is projected to reach USD 24,358.21 million by 2027 from USD 15,901.72 million in 2021, at a CAGR 7.36% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

• The Americas AC Drives Market size was estimated at USD 4,260.08 million in 2021 and expected to reach USD 4,583.23 million in 2022, at a CAGR 7.51% to reach USD 6,579.94 million by 2027.
• The Asia-Pacific AC Drives Market size was estimated at USD 5,633.97 million in 2021 and expected to reach USD 6,058.97 million in 2022, at a CAGR 7.49% to reach USD 8,694.79 million by 2027.
• The Europe, Middle East & Africa AC Drives Market size was estimated at USD 6,007.67 million in 2021 and expected to reach USD 6,398.96 million in 2022, at a CAGR 7.13% to reach USD 9,083.48 million by 2027.

Market Segmentation & Coverage:

The report on ac drives identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the ac drives to forecast the revenues and analyze the trends in each of the following sub-markets:

Voltage:

• Low Voltage
• Medium Voltage

Power Rating:

• High Power
• Low Power
• Medium Power

Application:

• Compressor
• Conveyor
• Extruder
• Fan
• Pump

Industry:

• Building Automation
• Chemicals & Petrochemicals
• Food & Beverage
• Metals & Mining
• Oil & Gas
• Power Generation
• Water & Wastewater

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• ABB Ltd.
• CG Power And Industrial Solutions Ltd
• Danfoss Group
• Dart Controls, Inc
• Delta Electronics, Inc.
• ElectroCraft, Inc.
• Emerson Electric Co.
• Finish Thompson Inc.
• Fuji Electric Co., Ltd.
• Harmonic Drive LLC
• Hiconics Drive Technology Co. Ltd
• Honeywell International Inc.
• Johnson Controls International PLC
• Kirloskar Electric Company
• Mitsubishi Electric Corporation
• Nidec Corporation
• Parker Hannifin Corporation
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• TECO-Westinghouse
• Toshiba International Corporation
• WEG Industries
• Yaskawa Electric Corporation

Currency: USD

Base Year: 2021

Estimated Year: 2022

Forecast Year: 2027

Base Year Value: USD 15,901.72 million

Estimated Year Value: USD 17,041.17 million

Forecast Year Value: USD 24,358.21 million

CAGR (%): 7.36%.

Please Note: PDF & Excel + Online Access - 1 Year