Global AC Drives
Market Report
2025
AC Drives Market size is USD 24.6 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global AC Drives market size is USD 24.6 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global AC Drives Market Sales Revenue | 121212 | 121212 | 121212 | 4.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Voltage |
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Market Split by Application |
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Market Split by End-Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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AC Drives Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The AC drives market plays a pivotal role in the industrial automation sector by providing sophisticated solutions for regulating the speed and torque of electric motors. Also known as VFDs (Variable Frequency Drives) or adjustable speed drives (ASDs), AC drives play a pivotal role in optimizing energy consumption, enhancing process efficiency, and improving overall system performance across various industries. From manufacturing and oil & gas to HVAC and water treatment, AC drives find widespread applications in diverse sectors globally. The market is propelled by factors such as increasing demand for energy-efficient solutions, stringent regulatory standards, and the growing emphasis on automation and digitalization. Technological advancements, including the integration of IoT and predictive maintenance capabilities, further propel market growth by providing enhanced functionalities and performance.
Rising Demand for Low-Power AC Drives Due to Their High Fuel Efficiency to Increase the Demand Globally - One key driver in the AC Drives market is the rising demand for low-power AC drives due to their high fuel efficiency. Industries worldwide are prioritizing energy conservation and cost reduction, driving the adoption of these drives. Their ability to optimize energy usage while maintaining high-performance standards is gaining recognition. As a result, the market for low-power AC drives is experiencing significant growth as companies seek sustainable solutions to meet their operational needs efficiently. Rapid Urbanization and Industrialization Driving the Adoption of AC Drives
Reduction in Foreign Direct Investment Increasing Prices and Complex Functions
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In March 2024, Toshiba Electronic Devices & Storage Corporation commenced mass production and distribution of the SmartMCD™ Series gate driver ICs featuring an embedded microcontroller (MCU). The inaugural product, designated as "TB9M003FG," is specifically designed for sensorless management of three-phase brushless DC motors commonly utilized in automotive settings, such as water and oil pumps, fans, and blowers.
Top Companies Market Share in AC Drives Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the AC Drives market due to robust industrial sectors, including manufacturing, oil and gas, automotive, and renewable energy. With a strong emphasis on technological innovation and efficiency, the region is a key hub for advanced automation solutions such as AC drives. Rapid industrialization, stringent regulatory standards, and a focus on sustainability drive the demand for AC drives in applications ranging from HVAC systems to industrial machinery, further bolstering the market and making North America a vital and thriving market for AC drives.
Asia-Pacific stands out as the fastest-growing region in the AC Drives market due to rapid industrialization, urbanization, and infrastructural developments across diverse sectors such as manufacturing, construction, and energy. With emerging economies experiencing robust growth, there's a surging demand for automation solutions to enhance operational efficiency and productivity. Additionally, government initiatives promoting energy efficiency and sustainability further propel the adoption of AC drives in various applications. The region's large manufacturing base, coupled with increasing investments in infrastructure projects, acts as a key growth factor for the region’s AC drives market in the foreseeable future.
The current report Scope analyzes AC Drives Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global AC Drives Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing AC Drives Industry growth. AC Drives market has been segmented with the help of its Type, Voltage Application, and others. AC Drives market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, AC Drives market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Type segmentation analysis of the AC Drives. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Type segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Type of AC Drives analyzed in this report are as follows:
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According to Cognitive Market Research, Low-power AC drives (Up to 40kw) stand out as the dominating category. These drives offer precise motor control and energy efficiency, making them ideal for small to medium-scale industrial and commercial operations. Industries such as HVAC, water and wastewater treatment, food and beverage, and small-scale manufacturing are increasingly adopting low-power AC drives to optimize processes and reduce energy consumption. Additionally, advancements in technology, such as compact designs and enhanced functionalities, are driving further market expansion. As organizations strive for sustainability and cost-effectiveness, the demand for low-power AC drives is expected to continue rising steadily.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global AC Drives Market is witnessing significant growth in the near future.
In 2023, the Reversible AC Drives segment accounted for noticeable share of global AC Drives Market and is projected to experience significant growth in the near future.
The Low-power AC drives (Up to 40kw) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB Ltd. , Danfoss Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Reversible AC Drives, Non-Reversible AC Drives |
Voltage | Low-power AC drives (Up to 40kw), Medium power AC drives (41-200kw), High-power AC drives (Above 200kw), Other |
Application | Compressor, Fans, Pumps, Conveyors, Extruders, Other |
End-Use Industry | Oil & Gas, Power generation, Automation, Food & Beverage, Water & Wastewater, Metals & Mining, Chemicals & Petrochemicals, Others |
List of Competitors | ABB Ltd., Siemens AG, Danfoss Group, Mitsubishi Electrical Co Ltd., Fuji Electric Holdings, Emerson Electric Co., Hitachi Ltd., Parker Hannifin Co., Toshiba International Corporation Ltd., Schneider Electric, Rockwell Automation, Others |
This chapter will help you gain GLOBAL Market Analysis of AC Drives. Further deep in this chapter, you will be able to review Global AC Drives Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of AC Drives. Further deep in this chapter, you will be able to review North America AC Drives Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of AC Drives. Further deep in this chapter, you will be able to review Europe AC Drives Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of AC Drives. Further deep in this chapter, you will be able to review Asia Pacific AC Drives Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of AC Drives. Further deep in this chapter, you will be able to review South America AC Drives Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of AC Drives. Further deep in this chapter, you will be able to review Middle East AC Drives Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of AC Drives. Further deep in this chapter, you will be able to review Middle East AC Drives Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of AC Drives. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Voltage Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End-Use Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global AC Drives market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Reversible AC Drives have a significant impact on AC Drives market? |
What are the key factors affecting the Reversible AC Drives and Non-Reversible AC Drives of AC Drives Market? |
What is the CAGR/Growth Rate of Low-power AC drives (Up to 40kw) during the forecast period? |
By type, which segment accounted for largest share of the global AC Drives Market? |
Which region is expected to dominate the global AC Drives Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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