0

Global AC Drives Market 2015-2019

  • Published: Sep 2015
  • Pages: 62
  • SKU: IRTNTR6968
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Growth opportunities in the global AC drives market

The global AC drives market through market analysis is forecasted to grow at a CAGR of close to 8% until 2019. The global AC drives market is correlated with the growing electric motors market. The electric motor has wider applications such as motor vehicles, household appliances, and aerospace, industrial and other transportation equipment over the mechanical or hydraulic motors. Electric motors are the major consumer of global electricity, which account for around 44% of the global electricity consumption. 

The worldwide investment toward renewable energy is expected to gain immense traction over next four years. The installation of new wind farms and solar parks supplement the demand for wind turbines and solar drives. As these installations require AC drives for reducing energy losses and increasing speed regulations, the demand from the wind and solar energy segment is expected to bring additional revenues for the vendors during the forecast period.

End-user segmentation of the global AC drives market

  • F&B
  • Water & wastewater
  • HVAC
  • Power
  • Metal processing
  • Conveyors
  • Textiles
  • Others

The food and beverage segment emerged as the market leader in the consumption of AC drives in 2014. However, the key observations made by Technavio’s market research analyst indicates a significant growth in the heating, ventilation, and air conditioning (HAVC) segment of AC drives market during the forecast period. Heightened construction activity in the APAC region is booming the demand for HVACs in commercial and residential buildings. HVAC applications such as cooling tower fans, booster pumps, and condensers require AC drives that are advanced and also conforming to EMC standards to be fitted for proper control, creating the need for electric drives.

Segmentation analysis of the global AC drives market by product types

  • High-end drives
  • Medium range drives
  • Low-end drives
  • Micro drives

As per the forecast, in 2019, the high-end drives and medium-range drives segments are expected to increase their respective market shares. Increased need for retrofitting and modernization is expected to drive these segments during the forecast period.

Vendor analysis and forecast until 2019

  • ABB
  • Siemens

Some of the other prominent vendors of the market include Beijing Leader, Schneider, Danfoss, Hiconics, Hitachi, Fuji Electric, Emerson Electric, Toshiba, and Yaskawa America.

ABB is the leader in the low-end drives segment of the global AC and DC drives market. It maintains its leading position with a wide range of products and through several mergers and acquisitions. The company plays a major role in the medium-range drives segment and enhances its product portfolio and technology by investing heavily in R&D activities.

The market vendors are likely to invest in deploying technologies such as mobile apps and software to provide services to their customers. As per this research report, the growing demand for low-end drives is expected to witness a significant jump in developing countries such as China and India, surpassing many advanced nations that have been market leaders in the past.

Key questions answered in the report

  • What are the key factors driving the global AC drives market?
  • What are the key market trends impacting the growth of the global AC drives market?
  • What are the various opportunities and threats faced by the global AC drives market?
  • Trending factors influencing the market shares for EMEA, APAC, and Americas?
  • Key outcome of the five forces analysis on the global AC drives market?
  • Growth forecast of the global AC drives market until 2019?

PART 01: Executive summary
Highlights          
PART 02: Scope of  the report
Market overview           
Top-vendor offerings   
PART 03: Market research methodology
Research methodology
Economic indicators      
PART 04: Introduction
Key market highlights  
PART 05: Market landscape
Market overview           
Market size and forecast            
Five forces analysis       
PART 06: Market segmentation by product
Market overview           
Global high-end drives market 
Global medium range drives market     
Global low end drives market   
Global micro drives market        
PART 07: Market segmentation by end user
Market overview           
Global AC drives market for food & beverage industry 
Global AC drives market for water and wastewater treatment industry
Global AC drives market for HVAC industry        
Global AC drives market for power industry      
PART 08: Geographical segmentation
AC drives market in APAC          
AC drives market in EMEA          
AC drives market in the Americas           
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Competitive scenario   
Other prominent vendors          
PART 16: Key vendor analysis
ABB      
Siemens             
Rockwell Automation   
PART 17: Appendix
List of abbreviation

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>