The India AC drives market is expected to grow at a CAGR of 8.93% in the forecast period of 2025-2034.
Meanwhile, based on voltage, the heightened demand for low voltage AC drives is expected to further aid the market growth. The low cost and increased usage of this type in both low and medium-power applications is driving the segment growth. These factors are expected to contribute to the overall market growth in the forecast period.
Increasing Demand for Automation to Provide Lucrative Opportunities for the AC Drives Industry Growth in India
On the basis of end use, the automation industry is estimated to hold a substantial share of the India AC drives industry. This can be attributed to the rapid technological improvements and the growing acceptance of technology in the region, which is expected to drive the demand for AC drives in the automation industry. Moreover, the expanding oil and gas and energy sectors in the region, with the heightened demand for heavy machinery, is also expected to positively impact the industry growth in the forecast period.
The rising population, growing urbanisation, and increasing demand for housing and other commercial and industrial infrastructure facilities in the country are driving the demand for energy. This has led to a heightened application of AC drives in the energy sector. Moreover, with the increasing disposable income and improved living standards, consumers are actively investing in appliances such as HVAC and quality refrigerators and washing machines, which is estimated to bolster the market growth in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. Additionally, growing government investments in energy optimisation strategies and energy conservation solutions, fuelled by the escalating eco-consciousness amid the rising pollution levels, are predicted to aid the market growth in India.
Rising Demand for Low Power AC Drives to Spearhead the Growth of the India AC Drives Industry
Based on power rating, the low power drives (< 40 kW) segment is predicted to hold a significant market share in the India AC drives industry. This can be attributed to the increased implementation of low power AC drives owing to the heightened demand for AC motors in automation and other industrial applications.Meanwhile, based on voltage, the heightened demand for low voltage AC drives is expected to further aid the market growth. The low cost and increased usage of this type in both low and medium-power applications is driving the segment growth. These factors are expected to contribute to the overall market growth in the forecast period.
Increasing Demand for Automation to Provide Lucrative Opportunities for the AC Drives Industry Growth in India
On the basis of end use, the automation industry is estimated to hold a substantial share of the India AC drives industry. This can be attributed to the rapid technological improvements and the growing acceptance of technology in the region, which is expected to drive the demand for AC drives in the automation industry. Moreover, the expanding oil and gas and energy sectors in the region, with the heightened demand for heavy machinery, is also expected to positively impact the industry growth in the forecast period.
AC Drives: Market Segmentation
AC drives, also known as adjustable speed drives or adjustable frequency drives, are devices that help in controlling the speed of an electrical motor. This aids in enhancing the process control while also reducing the energy requirements of the device. AC drives provide accurate control of the motor in a low maintenance compact size. Furthermore, the drives can also be used to convert energy from natural and renewable resources like sun and wind.By product type, the market is bifurcated into:
- Low Voltage Drives
- Medium Voltage Drives
- Soft Starter
On the basis of power rating, the market can be divided into:
- Low Power Drives
- Medium Power Drives
- High Power Drives
Based on applications, the market can be segmented into:
- Compressor
- Conveyors
- Fans
- Extruders
- Pumps
- Others
On the basis of end use, the market can be distributed into:
- Transportation and Infrastructure
- Metal Processing
- Chemical
- Solar System
- Power
- Oil and Gas
- Others
Market Breakup by Region:
- North India
- East India
- South India
- West India
The rising population, growing urbanisation, and increasing demand for housing and other commercial and industrial infrastructure facilities in the country are driving the demand for energy. This has led to a heightened application of AC drives in the energy sector. Moreover, with the increasing disposable income and improved living standards, consumers are actively investing in appliances such as HVAC and quality refrigerators and washing machines, which is estimated to bolster the market growth in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. Additionally, growing government investments in energy optimisation strategies and energy conservation solutions, fuelled by the escalating eco-consciousness amid the rising pollution levels, are predicted to aid the market growth in India.
Key Industry Players in the India AC Drives Market
The report gives a detailed analysis of the following key players in the India AC drives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- ABB India Ltd
- Siemens Limited
- Danfoss A/S
- Hitachi Hi-Rel Power Electronics Private Limited
- Yaskawa India Private Limited
- Rockwell Automation Inc.
- Schneider Electric SE
- Kirloskar Electric Company Ltd.
- Amtech Electronics India Limited
- Delta Electronics, Inc.
- CG Power & Industrial Solutions Ltd.
- Fuji Electric India Pvt Ltd
- Shenzhen INVT Electric Co Ltd
- Inovance Technology Pvt, Ltd
- Mitsubishi Electric India Pvt. Ltd.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 India AC Drives Market Analysis
6 Regional Analaysis
7 India LV Drive System Market Analysis
8 Market Dynamics
9 Competitive Landscape
Companies Mentioned
- ABB India Ltd
- Siemens Limited
- Danfoss A/S
- Hitachi Hi-Rel Power Electronics Private Limited
- Yaskawa India Private Limited
- Rockwell Automation Inc.
- Schneider Electric SE
- Kirloskar Electric Company Ltd.
- Amtech Electronics India Limited
- Delta Electronics, Inc.
- CG Power & Industrial Solutions Ltd.
- Fuji Electric India Pvt Ltd
- Shenzhen INVT Electric Co Ltd
- Inovance Technology Pvt, Ltd
- Mitsubishi Electric India Pvt. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 107 |
| Published | July 2025 |
| Regions Covered | India |
| No. of Companies Mentioned | 15 |
