Market Overview:
The global AC motor drives market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for energy-efficient and reliable AC motor drives across various industries is driving the growth of the global AC motor drives market. The commercial use segment is expected to hold the largest share of the global AC motor drives market in 2018, followed by industrial use. The induction motors segment is expected to hold the largest share of the global AC motor drives market in 2018, followed by synchronous motors and sensorless vector drives segments.S.),SchneiderElectric(France),YaskawaElectricCorp.(Japan),andFujiElectricCo.,Ltd.(Japan).
Product Definition:
An AC motor drive is a device used to control the speed and torque of an alternating current (AC) motor. AC motor drives are important because they allow motors to be operated more efficiently, which can lead to cost savings and increased production.
Induction Motors:
Induction motors are used in various applications such as household appliances, industrial machinery and equipment, medical devices and power tools. The growing demand for induction motor drives in the above stated application areas is expected to drive market growth over the forecast period.
The increasing awareness about energy conservation has resulted in a shift of focus on alternative sources of energy from fossil fuels.
Synchronous Motors:
Synchronous Motors are used in AC Motor Drives to create a Synchronous Rotor Effect. These motors have the property that their speed can be varied continuously without affecting the output torque. They operate at low speeds ( typically less than 1000 rpm) and provide high torque density which is required for efficient power transmission applications.
Application Insights:
The industrial use segment dominated the global market in 2017. The segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to the growing demand for compact, high-power devices that can be used in numerous applications including material handling, packaging, printing and assembly. In addition, growth in end-use industries such as automotive and medical equipment is anticipated to propel industry expansion over the forecast period.
The commercial use of electric motors has witnessed tremendous growth due to increasing adoption across several industries such as construction and transportation. In recent years, these motors have been gaining popularity as they are lightweight compared with their counterparts which results into lesser energy consumption during transportation resulting into lower carbon emissions when compared with combustion engines driving vehicles on roads or rails transporting goods from one place to another.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rapid growth of the manufacturing sector in China, India, Japan, and South Korea. In addition, rising demand for compact AC motors in countries such as Japan is expected to drive regional product demand over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 on account of presence of major automotive manufacturers including Volkswagen Group; BMW Group; Mercedes-Benz AG; Fiat Chrysler Automobiles N.V.; Ferrari S.pA.; PSA Peugeot Citroen; Jaguar Land Rover Limited; Volvo Car Corporation etc.
Growth Factors:
- Increasing demand for energy-efficient and reliable AC motor drives across various industries
- Rising popularity of variable frequency drives (VFDs) for efficient control of AC motors
- Proliferation of smart factories and the Industrial Internet of Things (IIoT) that are boosting the adoption of AC motor drives
- Growing demand for electric vehicles and hybrid vehicles that require high-performance AC motor drives
- Increasing investments in research and development to develop new and innovative AC motor drive technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Motor Drives Market Research Report
By Type
Induction Motors, Synchronous Motors, Sensorless Vector Drives, Servo Motors
By Application
Commercial Use, Industrial Use
By Companies
Invertek Drives, NovaTorque, Emerson Industrial, Eaton, Yaskawa America, Omron, Siemens, Rockwell Automation, Invertek Drives
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global AC Motor Drives Market Report Segments:
The global AC Motor Drives market is segmented on the basis of:
Types
Induction Motors, Synchronous Motors, Sensorless Vector Drives, Servo Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Invertek Drives
- NovaTorque
- Emerson Industrial
- Eaton
- Yaskawa America
- Omron
- Siemens
- Rockwell Automation
- Invertek Drives
Highlights of The AC Motor Drives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Induction Motors
- Synchronous Motors
- Sensorless Vector Drives
- Servo Motors
- By Application:
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Motor Drives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC motor drives are a type of electric motor drive that uses alternating current to power the motors. This type of drive is often used in larger machines, such as trucks and construction equipment.
Some of the key players operating in the ac motor drives market are Invertek Drives, NovaTorque, Emerson Industrial, Eaton, Yaskawa America, Omron, Siemens, Rockwell Automation, Invertek Drives.
The ac motor drives market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Motor Drives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Motor Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Motor Drives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Motor Drives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Motor Drives Market Size & Forecast, 2020-2028
4.5.1 AC Motor Drives Market Size and Y-o-Y Growth
4.5.2 AC Motor Drives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Induction Motors
5.2.2 Synchronous Motors
5.2.3 Sensorless Vector Drives
5.2.4 Servo Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Motor Drives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Motor Drives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Induction Motors
9.6.2 Synchronous Motors
9.6.3 Sensorless Vector Drives
9.6.4 Servo Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Induction Motors
10.6.2 Synchronous Motors
10.6.3 Sensorless Vector Drives
10.6.4 Servo Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Induction Motors
11.6.2 Synchronous Motors
11.6.3 Sensorless Vector Drives
11.6.4 Servo Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Induction Motors
12.6.2 Synchronous Motors
12.6.3 Sensorless Vector Drives
12.6.4 Servo Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Induction Motors
13.6.2 Synchronous Motors
13.6.3 Sensorless Vector Drives
13.6.4 Servo Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Motor Drives Market: Competitive Dashboard
14.2 Global AC Motor Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invertek Drives
14.3.2 NovaTorque
14.3.3 Emerson Industrial
14.3.4 Eaton
14.3.5 Yaskawa America
14.3.6 Omron
14.3.7 Siemens
14.3.8 Rockwell Automation
14.3.9 Invertek Drives
