Boston, MA -- (SBWire) -- 09/15/2015 --A drive is an adjustable speed device that regulates the speed and direction of motors; adjustment is done by varying the current flow through motors. Based on the type of current flow, a drive is classified into two: AC drive and DC drive. An AC drive is used to control AC electric motors, while a DC drive is used to control DC electric motors. AC drives are widely used in process industries to increase the energy efficiency of motors.
Technavio's analysts forecast the global AC drives market to grow at a CAGR of 7.54% over the period 2015-2019.
Get More Details on this Report and a Full Table of Contents at Global AC Drives Market 2015-2019
Covered in this report
This report covers the present scenario and the growth prospects of the global AC drives market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of AC drives in end-user industries.
Technavio's report, Global AC Drives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global AC drives market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key regions
Americas
APAC
EMEA
Key vendors
ABB
Siemens
Rockwell Automation
Other prominent vendors
Beijing Leader & Harvest Electric Technologies
Danfoss Group
Emerson Electric
Fuji Electric Holdings
Hiconics Drive Technology
Hitachi
Schneider Electric
Toshiba
Yaskawa America
Key market driver
Growing industrialization and urbanization worldwide
For a full, detailed list, view our report
Key market challenge
Lack of knowledge about benefits of AC drives
For a full, detailed list, view our report
Key market trend
Government regulations and policies to increase energy efficiency
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?"
Companies Mentioned in this Report: ABB, Siemens, Beijing Leader, Schneider, Danfoss, Hiconics, Hitachi, Fuji Electric, Emerson Electric, Toshiba, Yaskawa America
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You may also be interested in these related reports:
-Global AC Drives
-AC Drives: Global Industry Guide
-Global DC Drives Market 2015-2019
-AC Drives in the United States
-AC Drives in the United Kingdom
New Market Report: Global AC Drives Market 2015-2019
Fast Market Research announces the availability of the new TechNavio report, "Global AC Drives Market 2015-2019", on their comprehensive research portal