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Global AC Drives Market by Components (Electrical Supply, Motor, Process Interface), Voltage (Low Voltage, Medium Voltage), Power Rating, Size, Application, Industry - Forecast 2024-2030

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    Report

  • 197 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5137156
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The AC Drives Market size was estimated at USD 18.39 billion in 2023, USD 19.76 billion in 2024, and is expected to grow at a CAGR of 7.46% to reach USD 30.44 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the AC Drives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the AC Drives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the AC Drives Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., CG Power & Industrial Solutions Ltd., Danfoss A/S, Dart Controls, Inc, Delta Electronics, Inc., ElectroCraft, Inc., Emerson Electric Co., Finish Thompson Inc., Fuji Electric Co., Ltd., Harmonic Drive LLC, Hiconics Drive Technology Co. Ltd, Hitachi Ltd., Honeywell International Inc., Johnson Controls International PLC, Kirloskar Electric Company, Mitsubishi Electric Corporation, Nidec Corporation, Parker Hannifin Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, TECO-Westinghouse, Toshiba International Corporation, WEG S.A., and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the AC Drives Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Components
    • Electrical Supply
    • Motor
    • Process Interface
    • User Interface
  • Voltage
    • Low Voltage
    • Medium Voltage
  • Power Rating
    • High Power
    • Low Power
    • Medium Power
  • Size
    • High-End Drives
    • Low-End Drives
    • Mega Drives
    • Micro Drives
    • Midrange Drives
  • Application
    • Compressor
    • Conveyor
    • Extruder
    • Fan
    • Pump
  • Industry
    • Building Automation
    • Chemicals & Petrochemicals
    • Food & Beverage
    • Metals & Mining
    • Oil & Gas
    • Power Generation
    • Water & Wastewater
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the AC Drives Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the AC Drives Market?
  3. What are the technology trends and regulatory frameworks in the AC Drives Market?
  4. What is the market share of the leading vendors in the AC Drives Market?
  5. Which modes and strategic moves are suitable for entering the AC Drives Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. AC Drives Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising demand due to urbanization and globalization coupled with extensive population
5.1.1.2. Increasing need for energy optimization and adoption in multiple industries
5.1.1.3. Strict government rules and regulations to raise energy efficiency
5.1.2. Restraints
5.1.2.1. Associated High Cost of the AC Drives
5.1.3. Opportunities
5.1.3.1. Advent of Technological Innovation such as Industrial Internet of Things (IIoT)
5.1.3.2. Proliferating Demand from Power Generation and Automation Sectors
5.1.4. Challenges
5.1.4.1. Technical complications with digital AC drives
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. AC Drives Market, by Components
6.1. Introduction
6.2. Electrical Supply
6.3. Motor
6.4. Process Interface
6.5. User Interface
7. AC Drives Market, by Voltage
7.1. Introduction
7.2. Low Voltage
7.3. Medium Voltage
8. AC Drives Market, by Power Rating
8.1. Introduction
8.2. High Power
8.3. Low Power
8.4. Medium Power
9. AC Drives Market, by Size
9.1. Introduction
9.2. High-End Drives
9.3. Low-End Drives
9.4. Mega Drives
9.5. Micro Drives
9.6. Midrange Drives
10. AC Drives Market, by Application
10.1. Introduction
10.2. Compressor
10.3. Conveyor
10.4. Extruder
10.5. Fan
10.6. Pump
11. AC Drives Market, by Industry
11.1. Introduction
11.2. Building Automation
11.3. Chemicals & Petrochemicals
11.4. Food & Beverage
11.5. Metals & Mining
11.6. Oil & Gas
11.7. Power Generation
11.8. Water & Wastewater
12. Americas AC Drives Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific AC Drives Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa AC Drives Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. ABB Ltd.
16.1.2. CG Power & Industrial Solutions Ltd.
16.1.3. Danfoss A/S
16.1.4. Dart Controls, Inc
16.1.5. Delta Electronics, Inc.
16.1.6. ElectroCraft, Inc.
16.1.7. Emerson Electric Co.
16.1.8. Finish Thompson Inc.
16.1.9. Fuji Electric Co., Ltd.
16.1.10. Harmonic Drive LLC
16.1.11. Hiconics Drive Technology Co. Ltd
16.1.12. Hitachi Ltd.
16.1.13. Honeywell International Inc.
16.1.14. Johnson Controls International PLC
16.1.15. Kirloskar Electric Company
16.1.16. Mitsubishi Electric Corporation
16.1.17. Nidec Corporation
16.1.18. Parker Hannifin Corporation
16.1.19. Rockwell Automation, Inc.
16.1.20. Schneider Electric SE
16.1.21. Siemens AG
16.1.22. TECO-Westinghouse
16.1.23. Toshiba International Corporation
16.1.24. WEG S.A.
16.1.25. Yaskawa Electric Corporation
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
List of Figures
FIGURE 1. AC DRIVES MARKET RESEARCH PROCESS
FIGURE 2. AC DRIVES MARKET SIZE, 2023 VS 2030
FIGURE 3. AC DRIVES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AC DRIVES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. AC DRIVES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. AC DRIVES MARKET DYNAMICS
FIGURE 7. AC DRIVES MARKET SIZE, BY COMPONENTS, 2023 VS 2030 (%)
FIGURE 8. AC DRIVES MARKET SIZE, BY COMPONENTS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. AC DRIVES MARKET SIZE, BY VOLTAGE, 2023 VS 2030 (%)
FIGURE 10. AC DRIVES MARKET SIZE, BY VOLTAGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AC DRIVES MARKET SIZE, BY POWER RATING, 2023 VS 2030 (%)
FIGURE 12. AC DRIVES MARKET SIZE, BY POWER RATING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AC DRIVES MARKET SIZE, BY SIZE, 2023 VS 2030 (%)
FIGURE 14. AC DRIVES MARKET SIZE, BY SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AC DRIVES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 16. AC DRIVES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AC DRIVES MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
FIGURE 18. AC DRIVES MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. AMERICAS AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. AMERICAS AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. UNITED STATES AC DRIVES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 22. UNITED STATES AC DRIVES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ASIA-PACIFIC AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. ASIA-PACIFIC AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. EUROPE, MIDDLE EAST & AFRICA AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. EUROPE, MIDDLE EAST & AFRICA AC DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. AC DRIVES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 28. AC DRIVES MARKET SHARE, BY KEY PLAYER, 2023

Companies Mentioned

  • ABB Ltd.
  • CG Power & Industrial Solutions Ltd.
  • Danfoss A/S
  • Dart Controls, Inc
  • Delta Electronics, Inc.
  • ElectroCraft, Inc.
  • Emerson Electric Co.
  • Finish Thompson Inc.
  • Fuji Electric Co., Ltd.
  • Harmonic Drive LLC
  • Hiconics Drive Technology Co. Ltd
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Johnson Controls International PLC
  • Kirloskar Electric Company
  • Mitsubishi Electric Corporation
  • Nidec Corporation
  • Parker Hannifin Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • TECO-Westinghouse
  • Toshiba International Corporation
  • WEG S.A.
  • Yaskawa Electric Corporation

Methodology

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Table Information