Market Overview:
The global industrial AC drives market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable drives across various industries. In addition, the growing trend of Industry 4.0 is also expected to fuel the demand for industrial AC drives in the coming years. Based on type, below 10 kW, 10-100 kW, and above 100 kW are the three major segments of the global industrial AC drives market. The below 10 kW segment is projected to grow at a CAGR of 7% during 2018-2030 due to its low cost and easy installation process as compared with other types of drive sizes. However, above 100 kW segment is projected to witness highest growth rate over next decade owing high efficiency offered by these devices coupled with increasing penetration in developed countries such as U.S.
Product Definition:
Industrial AC Drives are used in factories, processing plants and other industrial facilities to control the speed of electric motors. The speed of the motor is important for tasks such as pumping liquid or moving materials. Industrial AC Drives help ensure that these processes run smoothly and efficiently.
Below 10 KW:
Below 10 KW, it's usage.
Industrial Ac Drives are used to provide continuous power supply to various equipment such as fans, pumps, compressors and others. These drives use a range of frequencies ranging from 60HZ to 120HZ. The most commonly used drive types are belt driven fan motor & direct current (DC) motor based on the power rating of the machine.
10-100 KW:
The power rating is an important parameter used for selecting the right drive system. It defines the maximum power that can be delivered to the motor or machinery, and also indicates how much load a drive system can carry without overheating. The higher the KW number, generally means more efficient and powerful engine with improved performance over long distances.
Application Insights:
The general purpose drives segment dominated the global industrial AC drives market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period due to its wide application scope including data center, IT office, R&D lab, and medical laboratory. In addition, growing demand for high power efficiency and compact design is projected to further propel industry growth over the coming years.
Microdrives are primarily used for portable or mobile applications such as laptops/notebooks with inverters that operate onAC current. These drives provide higher efficiency than standard general-purpose drive counterparts owing to their smaller size and lower speed operation suitable for handheld devices such as smartphones or tablets running on Android operating system or Windows 10 IoT edition respectively. This has led manufacturers across the globe integrate microdrive into their product offerings thereby fueling market growth during 2018-2030 period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for industrial automation drives from countries such as China, Japan, and India. Moreover, rising investments by governments in developing countries are anticipated to boost demand for AC drives over the next eight years. For instance, according to a white paper published by Taiwan Semiconductor Manufacturing Company (TSMC), it was estimated that Asia accounted for 60% of semiconductor manufacturing equipment spending in 2016.
Europe is projected to witness significant growth during the forecast period owing to growing adoption across several industries including food & beverage and pharmaceuticals & chemicals. Furthermore, technological advancements coupled with increased focus on energy efficiency will drive industry expansion further down the road.
Growth Factors:
- Increasing demand for energy-efficient systems in industrial and commercial sectors
- Growing popularity of AC drives for variable speed applications
- Rising investments in industrial automation sector
- Proliferation of smart grids and renewable energy sources
- Technological advancements in AC drive technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial AC Drives Market Research Report
By Type
Below 10 KW, 10-100 KW, Above 100 KW
By Application
General Purpose Drives, Microdrives, Fan & Pump Drives
By Companies
ABB, Danfoss, GE, Magnus Power, Siemens, Aelco, Aplab, Avionic Instruments, Georator, NR Electric, Piller, Power System & Control, Sinepower, YASKAWA
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Industrial AC Drives Market Report Segments:
The global Industrial AC Drives market is segmented on the basis of:
Types
Below 10 KW, 10-100 KW, Above 100 KW
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
General Purpose Drives, Microdrives, Fan & Pump Drives
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:
- ABB
- Danfoss
- GE
- Magnus Power
- Siemens
- Aelco
- Aplab
- Avionic Instruments
- Georator
- NR Electric
- Piller
- Power System & Control
- Sinepower
- YASKAWA
Highlights of The Industrial AC 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:
- Below 10 KW
- 10-100 KW
- Above 100 KW
- By Application:
- General Purpose Drives
- Microdrives
- Fan & Pump Drives
- 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 Industrial AC 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.
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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?
Industrial AC drives are used in large industrial plants and factories to provide power to machines. They are also used in warehouses and other large commercial buildings.
Some of the key players operating in the industrial ac drives market are ABB, Danfoss, GE, Magnus Power, Siemens, Aelco, Aplab, Avionic Instruments, Georator, NR Electric, Piller, Power System & Control, Sinepower, YASKAWA.
The industrial ac drives market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial AC Drives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial AC Drives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial AC Drives Market - Supply Chain
4.5. Global Industrial AC Drives Market Forecast
4.5.1. Industrial AC Drives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial AC Drives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial AC Drives Market Absolute $ Opportunity
5. Global Industrial AC Drives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial AC Drives Market Size and Volume Forecast by Type
5.3.1. Below 10 KW
5.3.2. 10-100 KW
5.3.3. Above 100 KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial AC Drives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial AC Drives Market Size and Volume Forecast by Application
6.3.1. General Purpose Drives
6.3.2. Microdrives
6.3.3. Fan & Pump Drives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial AC Drives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial AC Drives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial AC Drives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial AC Drives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial AC Drives Demand Share Forecast, 2019-2026
9. North America Industrial AC Drives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial AC Drives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial AC Drives Market Size and Volume Forecast by Application
9.4.1. General Purpose Drives
9.4.2. Microdrives
9.4.3. Fan & Pump Drives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial AC Drives Market Size and Volume Forecast by Type
9.7.1. Below 10 KW
9.7.2. 10-100 KW
9.7.3. Above 100 KW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial AC Drives Demand Share Forecast, 2019-2026
10. Latin America Industrial AC Drives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial AC Drives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial AC Drives Market Size and Volume Forecast by Application
10.4.1. General Purpose Drives
10.4.2. Microdrives
10.4.3. Fan & Pump Drives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial AC Drives Market Size and Volume Forecast by Type
10.7.1. Below 10 KW
10.7.2. 10-100 KW
10.7.3. Above 100 KW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial AC Drives Demand Share Forecast, 2019-2026
11. Europe Industrial AC Drives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial AC Drives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial AC Drives Market Size and Volume Forecast by Application
11.4.1. General Purpose Drives
11.4.2. Microdrives
11.4.3. Fan & Pump Drives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial AC Drives Market Size and Volume Forecast by Type
11.7.1. Below 10 KW
11.7.2. 10-100 KW
11.7.3. Above 100 KW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial AC Drives Demand Share, 2019-2026
12. Asia Pacific Industrial AC Drives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial AC Drives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial AC Drives Market Size and Volume Forecast by Application
12.4.1. General Purpose Drives
12.4.2. Microdrives
12.4.3. Fan & Pump Drives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial AC Drives Market Size and Volume Forecast by Type
12.7.1. Below 10 KW
12.7.2. 10-100 KW
12.7.3. Above 100 KW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial AC Drives Demand Share, 2019-2026
13. Middle East & Africa Industrial AC Drives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial AC Drives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial AC Drives Market Size and Volume Forecast by Application
13.4.1. General Purpose Drives
13.4.2. Microdrives
13.4.3. Fan & Pump Drives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial AC Drives Market Size and Volume Forecast by Type
13.7.1. Below 10 KW
13.7.2. 10-100 KW
13.7.3. Above 100 KW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial AC Drives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial AC Drives Market: Market Share Analysis
14.2. Industrial AC Drives Distributors and Customers
14.3. Industrial AC Drives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danfoss
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Magnus Power
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aelco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aplab
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Avionic Instruments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Georator
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NR Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Piller
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Power System & Control
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sinepower
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. YASKAWA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
