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

  • ID: 3440226
  • Report
  • Region: Global
  • Markets and Markets
1 of 6
The Global AC Drives Market is Projected to Grow at a CAGR of 7.0% from 2016 to 2021 to Reach a Market Size of USD 22.07 Billion by 2021

FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss Group
  • Emerson Electric Co.
  • Fuji Electric Holdings
  • Hitachi Ltd.
  • Parker Hannifin Co.
  • MORE

The AC drives market is projected to reach USD 22.07 billion by 2021, growing at a CAGR of 7.0% from 2016 to 2021. AC drives are used in oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals, and other industries. Increase in urbanization & industrialization, rising need for energy efficiency, and regulation for energy efficiency are expected to drive the AC drives market. Decrease in Greenfield investment is a restraint for global AC drives market.

With regard to voltage, the medium voltage AC drives is estimated to grow at the fastest CAGR. The demand from industries such as utilities, petrochemicals, water & wastewater, metals & mining, and cement, will drive the medium voltage AC drives market. The medium voltage generally employed in applications such as pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.

Asia-Pacific is currently the largest market for AC drives market, followed by Europe. The market of Asia-Pacific is primarily driven by countries such as China, India, Japan, Australia, and Rest of Asia-Pacific. China is expected to dominate the AC drives market, followed by Japan and India. Urbanization and industrialization will drive the Asia-Pacific market for the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 40%, Tier 2- 35%, Tier 3- 25%
  • By Designation: C-Level- 36%, D-Level- 24%, Others- 40%
  • By Region: North America- 34%, Europe- 15%, Asia-Pacific- 38%, Rest of World- 13%

Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3

The leading players in the AC drives market 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) , among others.

Research Coverage:

The report provides a picture on AC drives market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as application, voltage, power rating, end-use industry, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall AC drives market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Why buy this report?

1. The report identifies and addresses key markets for AC drives market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.

READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss Group
  • Emerson Electric Co.
  • Fuji Electric Holdings
  • Hitachi Ltd.
  • Parker Hannifin Co.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitation
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.3.2 Key Industry Insights
2.4 Breakdown of Primaries
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
2.5.2 Top-Down Approach
2.6 Market Breakdown & Data Triangulation
2.7 Research Assumptions & Limitations
2.7.1 Assumptions
2.7.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the AC Drives Market, 2016-2021
4.2 Asia-Pacific Accounted for the Largest Market Share in 2015
4.3 AC Drives Market, By Application, 2014 - 2021
4.4 AC Drives Market in the Asia-Pacific Region
4.5 Low Voltage AC Drives Segment is Expected to Dominate the Global Market During the Forecast Period
4.6 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 AC Drives: Market Segmentation
5.2.1 By Voltage
5.2.2 By Application
5.2.3 By Power Rating
5.2.4 By End-Use Industry
5.2.5 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Urbanization & Industrialization
5.3.1.2 Rising Need for Energy Efficiency
5.3.1.3 Regulations on Energy Efficiency
5.3.2 Restraints
5.3.2.1 Decrease in Greenfield Investment
5.3.3 Opportunities
5.3.3.1 Huge Opportunity in the Replacement Sector
5.3.3.2 Industrial Internet of Things (Iiot)
5.3.4 Challenges
5.3.4.1 Regional Level Competition From Local Players

6 AC Drives Market, By Voltage
6.1 Introduction
6.1 Low Voltage
6.2 Medium Voltage

7 AC Drives Market, By Application
7.1 Introduction
7.2 Pumps
7.3 Fans
7.4 Compressors
7.5 Conveyors
7.6 Extruders
7.7 Others

8 AC Drives Market, By End-Use Industry
8.1 Introduction
8.2 Oil & Gas
8.3 Water & Wastewater
8.4 Power Generation
8.5 Building Automation
8.6 Food & Beverage
8.7 Metals & Mining
8.8 Chemicals & Petrochemicals
8.9 Others

9 AC Drives Market, By Power Rating (kW)
9.1 Introduction
9.2 Low Power Drives
9.3 Medium Power Drives
9.4 High Power Drives

10 AC Drives Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.2.1 By Voltage
10.2.2 By Application
10.2.3 By Power Rating (kW)
10.2.4 By End-Use Industry
10.2.5 By Country
10.2.5.1 China
10.2.5.2 Japan
10.2.5.3 India
10.2.5.4 Australia
10.2.5.5 Rest of Asia-Pacific
10.3 Europe
10.3.1 By Voltage
10.3.2 By Application
10.3.3 By Power Rating (kW)
10.3.4 By End-Use Industry
10.3.5 By Country
10.3.5.1 Germany
10.3.5.2 France
10.3.5.3 Russia
10.3.5.4 U.K.
10.3.5.5 Italy
10.3.5.6 Rest of Europe
10.4 North America
10.4.1 By Voltage
10.4.2 By Application
10.4.3 By Power Rating (kW)
10.4.4 By End-Use Industry
10.4.5 By Country
10.4.5.1 U.S.
10.4.5.2 Canada
10.4.5.3 Mexico
10.5 Middle East & Africa
10.5.1 By Voltage
10.5.2 By Application
10.5.3 By Power Rating (kW)
10.5.4 By End-Use Industry
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 South Africa
10.5.5.4 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Voltage
10.6.2 By Application
10.6.3 By Power Rating (kW)
10.6.4 By End-Use Industry
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Argentina
10.6.5.3 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation & Trends
11.2.1 Expansion
11.2.2 New Product/Service/Technology Developments
11.2.3 Mergers & Acquisitions
11.2.4 Contracts & Agreements
11.2.5 Other Developments

12 Company Profiles
12.1 Introduction
12.2 ABB Ltd.
12.2.1 Business Overview
12.2.2 Products Offered
12.2.3 Developments, 2013-2016
12.2.4 SWOT Analysis
12.2.5 MnM View
12.3 Danfoss Group
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 SWOT Analysis
12.3.4 Developments, 2013-2016
12.3.5 MnM View
12.4 Mitsubishi Electrical Co, Ltd.
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 SWOT Analysis
12.4.4 Developments, 2014-2016
12.4.5 MnM View
12.5 Schneider Electric Co.
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Developments, 2014-2016
12.5.4 SWOT Analysis
12.5.5 MnM View
12.6 Siemens Ag
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 SWOT Analysis
12.6.4 Developments, 2012
12.6.5 MnM View
12.7 Fuji Electric Holdings
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Developments, 2012-2016
12.8 Emerson Electric Co.
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Developments, 2014-2016
12.9 Hitachi Ltd.
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 Developments, 2013-2016
12.10 Parker Hannifin Co.
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Developments, 2012-2016
12.11 Rockwell Automation
12.12.1 Business Overview
12.12.2 Products Offered
12.12.3 Developments, 2012-2016
12.12 Toshiba International Corporation Ltd.
12.13.1 Business Overview
12.13.2 Products Offered
12.13.3 Developments, 2013-2016
12.13 WEG Industries
12.14.1 Business Overview
12.14.2 Products Offered
12.14.3 Developments, 2012-2016
12.14 YASKAWA Electric Co.
12.15.1 Business Overview
12.15.2 Products Offered
12.15.3 Developments, 2012

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide

List of Tables

Table 1 Comparison Between Energy Saving Obtained By Using Dc Drives & AC Drives
Table 2 Impact of Market Dynamics
Table 3 AC Drives Market Size, By Voltage, 2014 - 2021 (USD Million)
Table 4 Low Voltage AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 5 Medium Voltage AC Drives Used By Different End-Use Industries
Table 6 Medium Voltage AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 7 AC Drives Market Size, By Application, 2014 - 2021 (USD Million)
Table 8 Pumps Market Size, By Region, 2014-2021 (USD Million)
Table 9 Fans Market Size, By Region, 2014-2021 (USD Million)
Table 10 Compressors Market Size, By Region, 2014-2021 (USD Million)
Table 11 Conveyors Market Size, By Region, 2014-2021 (USD Million)
Table 12 Extruders Market Size, By Region, 2014-2021 (USD Million)
Table 13 Others Market Size, By Region, 2014-2021 (USD Million)
Table 14 AC Drives Market Size, By End-Use Industry, 2014 - 2021 (USD Million)
Table 15 Oil & Gas Market Size, By Region, 2014-2021 (USD Million)
Table 16 Water & Wastewater Market Size, By Region, 2014-2021 (USD Million)
Table 17 Power Generation Market Size, By Region, 2014-2021 (USD Million)
Table 18 Building Automation Market Size, By Region, 2014-2021 (USD Million)
Table 19 Food & Beverage Market Size, By Region, 2014-2021 (USD Million)
Table 20 Metals & Mining Market Size, By Region, 2014-2021 (USD Million)
Table 21 Chemicals & Petrochemicals Market Size, By Region, 2014-2021 (USD Million)
Table 22 Other Industries Market Size, By Region, 2014-2021 (USD Million)
Table 23 AC Drives Market Size, By Power Rating, 2014 - 2021 (USD Million)
Table 24 Low Power AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 25 Medium Power AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 26 High Power AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 27 AC Drives Market Size, By Region, 2014 - 2021 (USD Million)
Table 28 Asia-Pacific: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 29 Asia-Pacific: AC Drives Market Size, By Application, 2014-2021 (USD Million)
Table 30 Asia-Pacific: AC Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 31 Asia-Pacific: AC Drives Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 32 Asia-Pacific: AC Drives Market Size, By Country, 2014-2021 (USD Million)
Table 33 China: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 34 Japan: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 35 India: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 36 Australia: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 37 Rest of Asia-Pacific: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 38 Europe: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 39 Europe: AC Drives Market Size, By Application, 2014-2021 (USD Million)
Table 40 Europe: AC Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 41 Europe: AC Drives Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 42 Europe: AC Drives Market Size, By Country, 2014-2021 (USD Million)
Table 43 Germany: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 44 France: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 45 Russia: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 46 U.K.: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 47 Italy: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 48 Rest of Europe: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 49 North America: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 50 North America: AC Drives By Market Size, By Application, 2014-2021 (USD Million)
Table 51 North America: AC Drives By Market Size, By Power Rating, 2014-2021 (USD Million)
Table 52 North America: AC Drives By Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 53 North America: AC Drives By Market Size, By Country, 2014-2021 (USD Million)
Table 54 U.S.: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 55 Canada: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 56 Mexico: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 57 Middle East & Africa: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 58 Middle East & Africa: AC Drives By Market Size, By Application, 2014-2021 (USD Million)
Table 59 Middle East & Africa: AC Drives By Market Size, By Power Rating, 2014-2021 (USD Million)
Table 60 Middle East & Africa: AC Drives By Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 61 Middle East & Africa: AC Drives By Market Size, By Country, 2014-2021 (USD Million)
Table 62 Saudi Arabia: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 63 UAE: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 64 South Africa: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 65 Rest of Middle East & Africa: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 66 South America: AC Drives By Market Size, By Voltage, 2014-2021 (USD Million)
Table 67 South America: AC Drives By Market Size, By Application, 2014-2021 (USD Million)
Table 68 South America: AC Drives By Market Size, By Power Rating, 2014-2021 (USD Million)
Table 69 South America: AC Drives By Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 70 South America: AC Drives By Market Size, By Country, 2014-2021 (USD Million)
Table 71 Brazil: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 72 Argentina: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 73 Rest of South America: AC Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 74 Expansions, 2012-2016
Table 75 New Product/Service/Technology Developments, 2012-2016
Table 76 Mergers & Acquisitions, 2012-2016
Table 77 Contract & Agreement, 2012-2016
Table 78 Other Developments, 2012-2016

List of Figures

Figure 1 Markets Covered: AC Drives Market
Figure 2 AC Drives Market: Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2015
Figure 8 AC Drives Market Share (Value), By Voltage, 2015
Figure 9 Oil & Gas and Water & Wastewater Industries are Expected to Account for the Maximum Share During the Forecast Period
Figure 10 Pump Was the Largest Application in 2015 & is Projected to Remain So By 2021
Figure 11 AC Drives Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate in the Next Five Years
Figure 12 AC Drives Market Share (Value), By Power Rating, 2015 and 2021
Figure 13 Increasing Urbanization, Industrialization, and Need for Energy Saving are Expected to Drive the Demand for AC Drives During the Forecast Period
Figure 14 Asia-Pacific and the Middle East & Africa are Expected to Grow at A Fast Pace During the Forecast Period
Figure 15 Pumping Application is Expected to Hold the Largest Share During the Forecast Period
Figure 16 The Chinese AC Drives Market is Projected to Hold the Largest Share in Asia-Pacific During the Forecast Period
Figure 17 Low Voltage Accounted for the Largest Market Share in 2015
Figure 18 The Asia-Pacific Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 19 AC Drives Market Segmentation: By Voltage Level, Application, Power Rating, End-Use Industry, & Region
Figure 20 Market Dynamics for AC Drives Market
Figure 21 Urbanization Trend
Figure 22 Industrial Electricity Prices, Europe, 2011-2014
Figure 23 Motor Efficiency Regulations: A Timeline
Figure 24 Global Motor Efficiency Standards
Figure 25 Decline in Brent Crude Oil Prices Since Mid 2014
Figure 26 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 27 Porter’s Five Forces Analysis: AC Drives Market
Figure 28 Low Voltage AC Drives Held the Largest Market Share in 2015
Figure 29 The Medium Voltage Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Global Snapshot: Pump Application is Expected to Dominate the AC Drives Market During the Forecast Period
Figure 31 Application vs Industry Matrix
Figure 32 Oil & Gas Segment is Expected to Account for the Largest Market Share in 2015
Figure 33 Low Power AC Drives Held the Largest Market Share  (Value) in 2015
Figure 34 Asia-Pacific is Expected to Be the Fastest Growing Region in Low Power AC Drives During the Forecast Period
Figure 35 Medium Power AC Drives Market Share (Value), By Region, 2015
Figure 36 High Power AC Drives Market Share (Value), By Region, 2015
Figure 37 AC Drives Market Share (Value), By Region, 2015
Figure 38 Regional Snapshot - Growth Rate of AC Drives Market in Majorcountries, 2016 - 2021
Figure 39 Asia-Pacific AC Drives Market Overview (2015)
Figure 40 Europe AC Drives Market , 2015 (USD Million)
Figure 41 Top Companies Adopted Expansions and Mergers & Acquisiotionto Capture the Markets
Figure 42 Market Leaders Based on Recent Developments, 2012-2015
Figure 43 Market Evaluation Framework: New Product Launches, Contracts & Agreements, Mergers & Acquisitions Have Fueled the Growth of Companies During 2012-2015
Figure 44 Regional Revenue Mix of Top Five Players
Figure 45 ABB: Company Snapshot
Figure 46 SWOT Analysis: ABB Ltd.
Figure 47 Danfoss Group: Company Snapshot
Figure 48 SWOT Analysis: Danfoss Group
Figure 49 Mitsubishi Electrical Co. Ltd..: Company Snapshot
Figure 50 SWOT Analysis: Mitsubishi Electric Co. Ltd.
Figure 51 Schneider: Company Snapshot
Figure 52 SWOT Analysis: Schneider
Figure 53 Siemens: Company Snapshot
Figure 54 SWOT Analysis: Siemens
Figure 55 Fuji Electric: Company Snapshot
Figure 56 Emerson: Company Snapshot
Figure 57 Hitachi: Company Snapshot
Figure 58 Parker Hannifin: Company Snapshot
Figure 59 Rockwell Automation: Company Snapshot
Figure 60 Toshiba: Company Snapshot
Figure 61 WEG: Company Snapshot
Figure 62 YASKAWA: Company Snapshot
Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • ABB Ltd.
  • Danfoss Group
  • Emerson Electric Co.          
  • Fuji Electric Holdings
  • Hitachi Ltd.
  • Mitsubishi Electrical Co, Ltd.
  • Parker Hannifin Co.
  • Rockwell Automation
  • Schneider Electric Co.
  • Siemens Ag
  • Toshiba International Corporation Ltd.
  • WEG Industries
  • YASKAWA Electric Co.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll