Global AC Drives Market Synopsis
The
global AC drives market is expected to grow during the forecast period as
stated by Market Research Future (MRFR) majorly due to the regulations in
energy efficiency. The global market is calculated to grow at CAGR of 7.05%
during the forecast period of 2016 to 2023. The regulations in
energy efficiency plays a significant role in accelerating the demand for AC
drive in the global market.
AC
drives are used primarily for controlling the speed level of an electric motor
that is used in electrical products. The motor speed is controlled and
regulated by changing the frequency level of the electricity passing through
the motor. Some of the major advantages of ac drives are reverse operation,
energy saving, and elimination of mechanical components so as to curb down the
maintenance cost.
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AC Drives
Industry Highlights
AC drive is an equipment that is applied
to monitor the speed of an electric motor. The electric motor’s speed is governed
by altering the frequency of the electricity transmitted through the motor with
the assistance of these drives. The drives are mostly used in sectors such as
power generation, oil & gas, metals & mining, food & beverage,
chemicals & pharmaceuticals, and water & wastewater. Within these verticals,
AC drives are arranged in applications such as conveyors, compressors, and pumps.
The key benefits of AC drives include reverse operation, the elimination of
mechanical elements to decrease maintenance cost, and energy saving. Factors like
surging GDP in the emerging economies and rapid industrialization are
propelling the AC drive market globally.
Economies such as India and China are offering
an opportunity to several AC drive makers as these drives are placed with
compressors and conveyors that are being applied in an assortment of industrial
applications and manufacturing facilities, fuelling the AC drives market. Furthermore,
governments throughout the world are putting focus on lessening energy
consumption in households and verticals by allowing them to apply energy-saving
methods. AC drives extend ideal solutions for saving energy by enhancing the
efficacy of the machineries with the incorporation of AC power. This is likely
to fuel the worldwide demand for AC drives market.
Leading Plyers of AC Drives Market
Report are:
·
Siemens (Germany),
·
ABB (Switzerland),
·
Schneider Electric (France),
·
Danfoss Group (Denmark),
·
Mitsubishi Electric Corporation (Japan),
·
Delta Electronics, Inc. (Taiwan),
·
Rockwell Automation, Inc. (US),
·
WEG (Brazil),
·
Yaskawa Electric Corporation (Japan),
·
Hiconics Drive Technology Co. Ltd (China),
·
Toshiba International Corporation (Japan),
·
Parker Hannifin Co (US),
·
Hitachi Ltd (Japan)
Global AC Drives Market Segmental Analysis
The global AC drive market
segmentation is based in terms of the following key dynamics: application,
voltage, power rating (kW), and end-user.
By Voltage
- Low
- Medium
By Power Rating
(kW)
- Low power
- Medium power
- High Power
By Application
- Pumps
- Fans
- Extruders
- Conveyors
- Compressors
By End-Use
- Oil & Gas
- Power Generation
- F&B
- Metals & Mining
- Water & Wastewater
- Chemicals &
Pharmaceuticals
- Others
Regional Analysis
The
global ac drives market is geographically segmented into four major regions,
namely Asia Pacific, Europe, North America, the Middle East & Africa, and
South America.
Among
these geographical areas, the Asia Pacific regional market held the highest share
percentage in AC drives as per the 2017 released study report. The market is
expected to grow during the forecast period with the highest growth percentage
and cement its positioning at the top of the global rankings for the
foreseeable future. The regional market’s positioning globally is due to the
increasing pace of urbanization and industrialization. Additionally, the
proliferating rate of demand for energy efficient equipment and favorable
government plans are slated to strikingly boost the global market for ac drives
in Asia Pacific. The fast-paced industrialization and the booming GDP level
across emerging nations like China and India is reportedly opening new
opportunities to various AC drive manufacturers.
Across
the globe, governments are laying increasing focus on curbing down the
consumption of energy across industries and households by encouraging them to
instead use various energy-saving techniques. AC drives provide a precise
solution to save energy by improving the efficiency level of machines using AC
power. This is expected to drive the growth of the market across all the
above-mentioned regions.
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Table Of Contents
1 Executive Summary
2 Market Introduction
3 Research
Methodology
4 Market Insights
5 Market Dynamics
5.1
Introduction
5.2
Market Drivers
5.3
Market Restraints
5.4
Market Opportunities
5.5
Porter’s Five Forces Analysis
5.6
Value Chain/Supply Chain Analysis
6 Global AC
Drives Market, By Voltage
6.1
Introduction
6.2
Low
6.3
Medium
7 Global AC
Drives Market, By Power Rating (KW)
7.1
Introduction
7.2
Low Power
7.3
Medium Power
7.4
High Power
8 Global AC Drives
Market, By Application
8.1
Introduction
8.2
Pumps
8.3
Fans
8.4
Compressors
8.5
Conveyors
8.6
Extruders
9 Global AC
Drives Market, By End-Use
9.1
Introduction
9.2
Oil & Gas
9.3
Power Generation
9.4
F&B
9.5
Metals & Mining
9.6
Water & Wastewater
9.7
Chemicals & Pharmaceuticals
10 Global AC
Drives Market, By Region
11 Competitive Landscape
12 List Of Tables
13 List Of Figures
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