AC Drives Market Expected to Grow worth 22.07 Billion USD by 2021
The global market is witnessing significant growth due to urbanization & industrialization, rising need for energy efficiency, and regulation on energy efficiency.
(EMAILWIRE.COM, August 17, 2017 ) "AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium, and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders), End-Use Industry and Region - Global Trends & Forecast to 2021",
The AC drives market is expected to grow from an estimated USD 15.72 Billion in 2016 to USD 22.07 Billion by 2021, registering a CAGR of 7.0% from 2016 to 2021.
Browse 76 market data tables and 60 figures spread through 161 pages and in-depth TOC on “AC Drives Market - Global Trends & Forecast to 2021”
Early buyers will receive 10% customization on reports.
Oil & Gas segment is expected to hold the largest share of the AC drives market, by End-Use Industry, during the forecast period
The oil & gas industry led the overall AC drives market in 2015. AC drives are mostly used to control the speed of pumps and compressors used in the oil & gas industry. Most processes in oil & gas industries are complex and operate at varying operating conditions. AC drives control the speed effectively and reduce energy consumption at a large scale.
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Low power drives is expected to hold the largest market share of the AC drives market, by Power Rating, during the forecast period
The low power drives is expected to hold the largest market of the global AC drives market during the forecast period. The demand for low power drives is driven from industries such as building, automation, oil & gas, food & beverage, and pulp & paper among others. Low power drives also offer quick pay back periods due to higher energy savings with low capital costs and better process control with increased motor control.
Asia-Pacific is the fastest growing market for AC drives
In this report, the AC drives market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest growing market for AC drives. Rising need for energy efficiency and rapid industrialization in the region will drive the Asia-Pacific AC drives market from 2016 to 2021.
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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the AC drives market. These players include ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com
The AC drives market is expected to grow from an estimated USD 15.72 Billion in 2016 to USD 22.07 Billion by 2021, registering a CAGR of 7.0% from 2016 to 2021.
Browse 76 market data tables and 60 figures spread through 161 pages and in-depth TOC on “AC Drives Market - Global Trends & Forecast to 2021”
Early buyers will receive 10% customization on reports.
Oil & Gas segment is expected to hold the largest share of the AC drives market, by End-Use Industry, during the forecast period
The oil & gas industry led the overall AC drives market in 2015. AC drives are mostly used to control the speed of pumps and compressors used in the oil & gas industry. Most processes in oil & gas industries are complex and operate at varying operating conditions. AC drives control the speed effectively and reduce energy consumption at a large scale.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=131149781
Low power drives is expected to hold the largest market share of the AC drives market, by Power Rating, during the forecast period
The low power drives is expected to hold the largest market of the global AC drives market during the forecast period. The demand for low power drives is driven from industries such as building, automation, oil & gas, food & beverage, and pulp & paper among others. Low power drives also offer quick pay back periods due to higher energy savings with low capital costs and better process control with increased motor control.
Asia-Pacific is the fastest growing market for AC drives
In this report, the AC drives market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest growing market for AC drives. Rising need for energy efficiency and rapid industrialization in the region will drive the Asia-Pacific AC drives market from 2016 to 2021.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=131149781
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the AC drives market. These players include ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results