Global AC Drives Market Outlook to 2021 - Growth, Trends & Forecasts (2016 - 2021)

  • ID: 3842137
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
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  • ABB Ltd
  • Danfoss Group
  • Emerson Electric Co
  • Fuji Electric Co., Ltd.,
  • Hitachi Ltd
  • Rockwell Automation
  • MORE
The global 'AC drive' market is estimated to reach USD 22.1 billion by 2021 with a CAGR of 7.1%. Increased operational efficiency and cost savings from using AC drives is one of the major driving factors for this market.

Urbanization, industrialization, ever increasing demand for energy along with the rising electricity prices and regulations on energy efficiency are some of the factors driving the 'AC drives' market.

The high potential of alternating current drives to reduce energy consumption, greater return on investment (ROI) and enhanced efficiency, provide opportunities for the upgradation & retrofitting market. In addition, saving a considerable amount of energy is expected to help reduce carbon dioxide emissions. Moreover, the efficient use of energy is a precondition for global growth and increased prosperity.

By region, the market is segmented into North America, South America, Europe, Asia-Pacific (APAC), and the Middle East & Africa. APAC accounts for a major share owing to urbanization and significant development in industries such as manufacturing, cement, metal processing, food & beverage, paper & pulp and textile followed by Europe and North America. Moreover, the Middle East & Africa market is expected to grow at a faster pace, underpinned by large-scale infrastructure spending along with oil & gas operations.

Despite short-term economic slowdown due to various factors such as the decline in oil prices, structural change in China, Brexit etc., emerging markets will continue to drive the economic growth as they are constantly investing in long-term in infrastructure and basic industries.

By voltage, 'AC drives' market has been primarily segmented into low and medium voltage. Significant adoption of medium voltage drives in energy-intensive industries such as metal, cement, and power etc. is pushing the growth of 'AC drives' market.

Furthermore, the market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power 'AC drives' (Above 200kW).

By end-use industry, the 'AC drives' market has been segmented into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and 'others,' which constitute industries such as cement, textile, and pulp & paper industries. Oil & gas is the largest end-user for the 'AC drives' market. The water & wastewater industry is expected to have a high growth rate in the wake of rapid urbanization and industrialization.

- Values are given for indicative purpose only. Real values will be available in the full report

This report comprehensively analyses the 'AC drives' market by segmenting it based on the voltage (low and medium voltage 'AC drives'), end use industry, application, and geography. Key drivers and restraints that are affecting the growth of this market are discussed in detail. The study also elucidates on competitive landscape and profiling of key market players along with the market shares. Some of the prominent vendors of the market include ABB Ltd, Danfoss Group, Mitsubishi Electrical Co, Ltd., Schneider Electric Co., Siemens AG, Fuji Electric Co., Ltd., Emerson Electric Co, Hiconics Drive Technology Co. Ltd., Hitachi Ltd., Rockwell Automation, Toshiba International Corporation Ltd., and Yaskawa Electric Co.

Please note: As this product is updated at the time of order, dispatch will be 72 hours from the date the order and full payment is received.
Note: Product cover images may vary from those shown
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  • ABB Ltd
  • Danfoss Group
  • Emerson Electric Co
  • Fuji Electric Co., Ltd.,
  • Hitachi Ltd
  • Rockwell Automation
  • MORE
1. Executive Summary

2. Research Methodology

3. Market Overview

3.1 Introduction

3.2 Market Demand to 2020

3.3 Recent Trends and Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis

4.1 Drivers

4.2 Constraints

4.3 Opportunities

5. AC Drives Industry Value Chain Analysis

6. Porters Five Force Analysis

6.1 Bargaining Power of Supplier

6.2 Bargaining Power of Consumers

6.3 Threat of New Entrants

6.4 Threat of Substitute Products and Services

6.5 Degree of Competition

7. AC Drives Market Analysis, by Voltage

7.1 Low Voltage

7.2 Medium Voltage

8. AC Drives Market Analysis, by Application

8.1 Pumps

8.2 Fans

8.3 Compressors

8.4 Conveyors

8.5 Extruders

8.6 Other Applications

9. AC Dives Market Analysis, by End Use Industry

9.1 Oil & Gas

9.2 Water & Wastewater

9.3 Power Generation

9.4 Building Automation

9.5 Food & beverage

9.6 Metals & mining

9.7 Chemicals & Petrochemicals

9.8 Others

10. AC Drives Market Segmentation, by Geography

10.1 North America

10.1.1 Overview

10.1.2 Major Countries United States of America Canada Rest of North America

10.2 Europe

10.2.1 Overview

10.2.2 Major Regions Germany UK Russia Rest of Europe

10.3 Middle East and Africa

10.3.1 Overview

10.3.2 Major Countries Saudi Arabia Nigeria UAE Iran Algeria Rest of Middle East and Africa

10.4 Asia-Pacific

10.4.1 Overview

10.4.2 Major Countries China India Japan Rest of Asia-Pacific

10.5 South America

10.5.1 Overview

10.5.2 Major Countries Venezuela Brazil Chile Rest of South America

11. Key Company Analysis

11.1 ABB Ltd

11.2 Danfoss Group

11.3 Mitsubishi Electrical Co, Ltd.

11.4 Schneider Electric Co.

11.5 Siemens AG

11.6 Fuji Electric Co., Ltd.,

11.7 Emerson Electric Co

11.8 Hiconics Drive Technology Co. Ltd.

11.9 Hitachi Ltd

11.10 Rockwell Automation

11.11 Toshiba International Corporation Ltd.

11.12 Yaskawa Electric Co.

12. Competitive Landscape

12.1 Mergers & Acquisitions

12.2 Joint Ventures, Collaborations and Agreements

12.3 Market Share Analysis
Note: Product cover images may vary from those shown
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  • ABB Ltd
  • Danfoss Group
  • Mitsubishi Electrical Co, Ltd.
  • Schneider Electric Co.
  • Siemens AG
  • Fuji Electric Co., Ltd.,
  • Emerson Electric Co
  • Hiconics Drive Technology Co. Ltd.
  • Hitachi Ltd
  • Rockwell Automation
  • Toshiba International Corporation Ltd.
  • Yaskawa Electric Co.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown