AC Drives Market Size, Covid-19 Impact Analysis, Trends and Forecasts to 2029
On the basis of power rating, low power segment lead the market, due to their rising applications in building automation, food & beverages, oil and gas, construction, and other industries.

Market Scope

The report includes a SWOT analysis to evaluate the strengths and weaknesses of the AC Drives market. The research analyst conducts extensive research on the AC Drives Market size, share, trends, total earnings, gross revenue, and profit margin to accurately forecast the market and provide investors with professional insights to keep them up to date on market developments.

The AC Drives Market report provides a thorough analysis of the industry, including major market drivers, opportunities, challenges, and growth rate of the AC Drives market. The report serves as a guide for industry investors. The report provides the AC Drives Market size as well as the Compound Annual Growth Rate for the forecast period (2022 to 2029).

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AC Drives Market size was valued US$ 20.02 Bn in 2021 and the total revenue is expected to grow at 6.85 % through 2022 to 2029, reaching US$ 34.02 Bn. The report has covered Country Market trends with a competitive landscape.

Market Overview

The "Global AC Drives Market" analysis is a specialised and comprehensive examination of the AC Drives market, with a focus on global market trends and analysis. The report's goal is to provide an overview of the AC Drives market, as well as extensive market segmentation by type, end-user, and region. The AC Drives market is expected to expand rapidly during the forecast period. The study provides critical information on the market positions of major AC Drives market players, as well as significant market trends and opportunities.


Low power segment leads the market in terms of power rating, owing to their increasing applications in building automation, food and beverages, oil and gas, construction, and other industries. Increased construction activity in Asia-Pacific, the Middle East, and Africa (MEA) will help the category maintain its dominance during the forecast period. Furthermore, rising population, changing customer food habits and lifestyle, and an expanding tour and travel segment are expanding the food and beverage industry, which will drive demand for low power drives.

Key Players

• ABB (Switzerland)
• Siemens (Germany)
• Danfoss Group (Denmark)
• Schneider Electric (France)
• Rockwell Automation, Inc.(U.S)
• Mitsubishi Electric Corporation (Japan)
• Yaskawa Electric Corporation (Japan)
• WEG (Brazil)
• Toshiba International Corporation
• Hiconics Drive Technology Co. Ltd
• Hitachi Ltd.
• Parker Hannifin Co.
• Delta Electronics, Inc.

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Regional Analysis

The market area is provided by AC Drives market research, which is further subdivided into sub-regions and countries. This section of the report includes profit forecasts as well as market share data for each country. This section of the report discusses the share and growth rate of each region, country, and sub-market region over the estimated time period.

The report provides a PESTLE analysis for the AC Drives market across all five regions: North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

Key Questions answered in the AC Drives Market Report are:

  • What is AC Drives Market?
  • What is the forecast period of the AC Drives Market?
  • What is the competitive scenario of the AC Drives market?
  • Which region held the largest market share in the AC Drives Market?
  • What are the opportunities for the AC Drives Market?
  • What factors are affecting the AC Drives market growth?
  • Who are the key players of the AC Drives market?
  • Which company held the largest share in the AC Drives market?
  • What will be the CAGR of the AC Drives market during the forecast period?
  • What key trends are likely to emerge in the AC Drives market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by AC Drives Market.
  • Landscape- Leading key players and other prominent key players.

Table Of Content:

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research Secondary data Secondary Sources
2.3.2. Primary Research Data from Primary Sources Breakdown of Primary Sources

3. Executive Summary: AC Drives Market Size, by Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. AC Drives Market Analysis and Forecast

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