DUBLIN, Oct. 29, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/vfwz9p/ac_drives_market) has announced the addition of the "AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders, and Others), End-use Industry and by Region - Global Trends & Forecast to 2020" report to their offering.
The market was valued at USD 13.7 Billion globally in 2014 and is projected to grow at a CAGR of 7.4% from 2015 to 2020.
The Alternate Current (AC) drive is an electronic device that controls the speed of an electric motor by changing the voltage, frequency, and magnetic flux in a motor circuit. Its primary advantages are increased energy savings and reduced motor wear. Apart from energy saving, the market is also driven by increased preference for motor protection, ease of use, less maintenance, and increasing motor applications worldwide.
The global AC drives market is projected to witness a high growth on the account of increasing urbanization and industrialization, and strict government mandates for energy efficiency.One of the key factors contributing to the growth is the increase in infrastructural development especially in Asia-Pacific region.
The Asia-Pacific region holds a majority of market share owing to urbanization and significant development in process industries such as food & beverage, paper & pulp, textile, cement, metal processing industries, and growth in manufacturing industries, followed by Europe and North America. Countries such as India, China and Brazil are also projected to witness a decent growth in the AC drives market during the forecast period. The Middle East & Africa market is projected to grow at a faster pace, aided by large-scale infrastructure spending along with oil & gas operations.
The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).
The market study covers AC drives by application which includes pumps, fans, compressors, conveyors, extruders and others. On the basis of end-use industry the AC drives market has been segmented into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and others which constitute industries such as cement, textile, and Pulp & paper industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 AC Drives Market, By Voltage
7 AC Drives Market, By Application
8 AC Drives Market, By End-Use Industry
9 AC Drives Market, By Power Rating (Kw)
10 AC Drives Market, By Region
11 Competitive Landscape
12 Company Profiles
- ABB Ltd. - Danfoss Group - Emerson Electric Co. - Fuji Electric Holdings - Hiconics Drive Technology Co. Ltd. - Hitachi Ltd. - Mitsubishi Electrical Co, Ltd. - Parker Hannifin Co. - Rockwell Automation15 - Schneider Electric Co. - Siemens AG - Toshiba International Corporation Ltd. - WEG Industries - Yaskawa Electric Co.
For more information visit http://www.researchandmarkets.com/research/vfwz9p/ac_drives_market
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SOURCE Research and Markets