Market New Research AC Drives Market by Share, Trends, Growth by 2022

AC Drives Market by Share, Trends, Growth,
Type, Proposition and Application Forecast
to 2022
“Burgeoning demand in the automotive aftermarket and
automation of remote facilities using Industrial Internet of
Things (IIoT) will open new avenues for this market share
on the forecast horizon. But the fact that this a
fragmented market due to stiff competition from local
regional players, and decline in foreign direct investments
is challenging market growth.”
The AC Drives Market is expected to grow at a sizable CAGR over the forecast period. Key drivers for this market are
rapid industrialization and urbanization, rising need for energy efficiency, and regulations conducive to the
maintenance of energy efficient operations. Burgeoning demand in the automotive aftermarket and automation of
remote facilities using Industrial Internet of Things (IIoT) will open new avenues for this market share on the forecast
horizon. But the fact that this a fragmented market due to stiff competition from local regional players, and decline in
foreign direct investments is challenging market growth. It is a horizontal market catering to various downstream
verticals including oil & gas, power generation, home/building automation, water and wastewater, food & beverage,
chemicals & petrochemicals. Market ecosystem consists of basic component suppliers (Converters, Inverters,
Transistors, DC rectifiers etc), OEMs, distributors, and end users.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/ac-alternating-current-drives-market
AC drives are VFDs that change voltage and frequency of the supply in order to control the AC motor’s speed. Most
popular application of an AC drive is the stepless control of a squirrel cage induction motor. An AC drive typically