Ac Drives Industry 2015 Market

A drive is an adjustable speed device that regulates the speed and direction of motors; adjustment is done by varying the current flow through motors. Based on the type of current flow, a drive is classified into two: AC drive and DC drive. An AC drive is used to control AC electric motors, while a DC drive is used to control DC electric motors. AC drives are widely used in process industries to increase the energy efficiency of motors.

Technavio's analysts forecast the global AC drives market to grow at a CAGR of 7.54% over the period 2015-2019.

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Covered in this Report

This report covers the present scenario and the growth prospects of the global AC drives market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of AC drives in end-user industries.

Technavio's report, Global AC Drives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global AC drives market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

* Americas

* APAC

* EMEA

Key vendors

* ABB

* Siemens

* Rockwell Automation

Other Prominent Vendors

* Beijing Leader & Harvest Electric Technologies

* Danfoss Group

* Emerson Electric

* Fuji Electric Holdings

* Hiconics Drive Technology

* Hitachi

* Schneider Electric

* Toshiba

* Yaskawa America

Key Market Driver

* Growing industrialization and urbanization worldwide

* For a full, detailed list, view our report

Key Market Challenge

* Lack of knowledge about benefits of AC drives

* For a full, detailed list, view our report

Key market trend

* Government regulations and policies to increase energy efficiency

* For a full, detailed...