An AC drive is a tool that improves process control by regulating the speed of an electrical motor. Cut back on energy use and produce energy effectively. Reduce the mechanical strain in applications involving motor control. Streamline the performance of several applications that use electric motors.
AC drives change the incoming AC voltage into a variable frequency and voltage output, usually at a fixed frequency of 50 or 60 Hz. The drive can precisely regulate operations by varying the voltage and frequency to control the motor's speed.
Soft-start and soft-stop functions are made possible by AC drives, which lessen mechanical stress during motor startup and shutdown. By avoiding sudden, energy-intensive starts, this function increases the lifespan of motors and other linked equipment and helps save energy.
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Top Key Players Covered AC Drives Market
Rockwell Automation, Inc. (USA), Emerson Electric Co. (USA), Parker Hannifin Corporation (USA), TMEIC Corporation (USA), ABB (Switzerland), Siemens AG (Germany), Invertek Drives Ltd. (United Kingdom), Control Techniques (Nidec Corporation) (United Kingdom), Lenze SE (Germany), Schneider Electric SE (France), Bonfiglioli Riduttori S.p.A. (Italy), Danfoss Group (Denmark), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), Yaskawa Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Hitachi, Ltd. (Japan), Nidec Corporation (Japan), Toshiba Corporation (Japan), Delta Electronics, Inc. (Taiwan), Vacon (Nidec Corporation) (Finland), Hiconics Drive Technology Co., Ltd. (China), Hyosung Heavy Industries Corporation (South Korea), LS Electric (South Korea), WEG S.A. (Brazil)
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Segmentation Analysis of The AC Drives Market
The AC Drives market segments cover Voltage, Power Voltage, Application, and End User. By Power Voltage, the Low Power segment is Anticipated to Dominate the Market Over the Forecast period.
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
By Power Voltage
Low Power
Medium Power
High Power
By Application
- Pump
- Fan
- Conveyor
- Compressor
- Extruders
By End User
- Oil & Gas
- Power Generation
- Food and Beverages
- Building Automation
- Mining & Metals
- Other Industries
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Regional Analysis of The AC Drives Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
The largest and fastest-growing industrial economies in the world, China and India included, are found in APAC. In recent decades, these nations have witnessed a notable increase in industrialization and manufacturing growth. As a result, there is a greater need for AC drives across a range of industries, including textiles, electronics, automotive, and chemicals.
Asia Pacific nations have made significant investments in the development of their energy, transportation, and construction infrastructure. Infrastructural applications include ventilation systems, escalators, elevators, and pumps frequently use AC drives. The region's fast urbanization has increased demand for motor control solutions, which has helped the AC drives market dominate.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Report includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures And Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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