Fast Market Research

Market Report, "AC Drives Market - Global Trends & Forecast to 2020", Published

Fast Market Research announces the availability of the new Markets and Markets report, "AC Drives Market - Global Trends & Forecast to 2020", on their comprehensive research portal


Boston, MA -- (SBWIRE) -- 10/20/2015 -- AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders, and Others), End-use Industry and by Region - Global Trends & Forecast to 2020

Energy consumption plays an important role in the overall operating costs of any energy intensive industry. AC drives, which are primarily used to control the speed and torque of electric motors, provide optimized energy use, and reduce related costs. Advantages of energy save and long life of the equipment making AC drives increasingly popular. They also help in reducing production costs, improve production quality, and reduce Co2 emissions.

Get More Details on this Report and a Full Table of Contents at AC Drives Market - Global Trends & Forecast to 2020

The global AC drives market is estimated at USD 14.6 billion in 2015 and is projected to reach USD 21.0 billion by 2020, at a CAGR of 7.4% from 2015 to 2020. The market has been classified on the basis of voltage, power rating, application, end-use industry, and region, which has been further divided on the basis of countries.

The study has profiled leading market players of the industry, along with their recent developments and other strategic industry activities. Some of the key players include ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Mitsubishi Electric co. Ltd (Japan), Rockwell Automation (U.S.) and Yaskawa Electric Co.(Japan).

Asia-Pacific leads the AC drives system market with share of approximately 42.6% in 2015, which is expected to grow with a CAGR of 8.8% during the forecast period. This growth is attributed to the increasing government mandates to conserve electricity via energy efficiency norms and rapidly growing industrialization in this region.

Based on end-use industry, AC drives market has been broadly classified into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and others. Water & wastewater industry is expected to grow at a highest CAGR of 8.4% from 2015-2020.

The low voltage drives segment accounted for the largest market share in 2014. Its growth has been attributed to the usage of low voltage motors in various industries globally. However medium voltage AC drives is expected to register a higher growth rate during the forecast period.

In the methodology various secondary sources have been taken into consideration including annual reports, press releases, investor presentations of companies, white papers and certified publications, articles from recognized authors from association panels, manufacturers associations, directories, and databases. These secondary sources were used to identify and collect information that was useful for this extensive commercial study of the AC drives market. In the primary research process, various primary sources from both supply and demand side have been interviewed to obtain qualitative and quantitative information for this report.

The report caters to

-AC drive manufacturers, dealers and suppliers
-Manufacturing industry
-Consulting companies in energy and power sector

The report also offers the following paid customizations:

-Detailed analysis and profiling of additional market players (Up to 5).
-Further segmentation and analysis of AC drives based on end-use industry

Related reports include:

-Motor Soft Starter Market By Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020
-Variable Frequency Drives Market By Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography - Global Market Trends & Forecast to 2019

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

-Motor Control Centers Market - Global Forecast and Trends to 2020
-Converter Transformer Market - Global trends and forecast to 2020
-Global Electric Drives Market 2015-2019
-Top Drive Systems Market - Global Trends & Forecasts to 2020
-Busbar Trunking Market - Global Trends & Forecast to 2020