<h3 class="titleRed" style="text-align: left;">AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium, and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders), End-Use Industry and Region - Global Trends & Forecast to 2021</h3>
<p style="text-align: left;" align="justify">The AC drives market was valued at USD 14.68 Billion in 2015, and is expected to grow at a CAGR of 7.0% from 2016 to 2021. Increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency are major factors driving the AC drives market.</p>
<p style="text-align: left;" align="justify">The years considered for the study are as follows:</p>
<ul style="text-align: left;">
<li>Base Year – 2015</li>
<li>Estimated Year – 2016</li>
<li>Projected Year – 2021</li>
<li>Forecast Period – 2016 to 2021</li>
</ul>
<p style="text-align: left;" align="justify">2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.</p>
<p style="text-align: left;" align="justify"><strong>Objectives of the Study</strong></p>
<ul style="text-align: left;">
<li>To define and segment the global AC drives market</li>
<li>To estimate the market size, in terms of value, of the global AC drives market</li>
<li>To analyse the market with respect to end-use industry, application, voltage, power rating, and region</li>
<li>To provide a detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)</li>
<li>To analyse the major stakeholders of the global AC drives market and provide details of the competitive landscape for key market leaders</li>
<li>To study industrial trends and forecast the North American, European, Asia-Pacific, South American, the Middle East, and African markets</li>
<li>To track and analyse competitive developments such as contract agreements, mergers and acquisitions, new product developments, and Research and Development (R&D) in the AC drives market</li>
</ul>
<p style="text-align: left;" align="justify"><strong>Research Methodology</strong></p>
<p style="text-align: left;" align="justify">This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global AC drives market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.</p>
<ul style="text-align: left;">
<li>Study of annual revenue and market developments of major players providing AC drives</li>
<li>Analysis of major applications of and demand for AC drives from end-use industries</li>
<li>Assessment of future trends and industrial growth of end-use industries</li>
<li>Assessment of AC drives market with respect to the voltage used for different applications</li>
<li>Study of market trends in various regions/countries supported by application of AC drives in the power electronics, alternative energy, industrial, transportation, telecom and other industries</li>
<li>Study of contracts and developments related to AC drives, for key players, across different regions</li>
<li>Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing AC drives across the globe</li>
</ul>
<p style="text-align: left;" align="justify">After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.</p>
<p style="text-align: left;" align="justify"><a href="
http://refcatalog.com/wp-content/uploads/2017/02/ac-drives-market3.jpg"><img class="alignnone wp-image-3952 size-full" src="
http://refcatalog.com/wp-content/uploads/2017/02/ac-drives-market3.jpg" width="609" height="333" /></a></p>
<p style="text-align: left;" align="center"><strong>Market Ecosystem:</strong></p>
<p style="text-align: left;" align="justify">The ecosystem of the global AC drives market starts with suppliers of basic components such as transistors, inverters, and DC circuit & rectifier units. The manufactured parts are then assembled by the OEM (original equipment manufacturer) to form an AC drive set, which is then tested. This stage is followed by the distribution stage, following which the product is provided to the end-users. Distribution is the next stage of the supply chain. The top players of the industry market their products through self-operated sales offices located near target markets, while regional players rely on distribution partnerships to access diverse markets. Some of the major players in AC drives market are ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan) , among others.</p>
<p style="text-align: left;" align="justify"><strong>Target Audience:</strong></p>
<p style="text-align: left;" align="justify">The report’s target audience includes:</p>
<ul style="text-align: left;">
<li>AC drives manufacturers, dealers, and suppliers</li>
<li>AC drives equipment manufacturing companies</li>
<li>Government and research organizations</li>
<li>Environmental and industrial associations</li>
<li>Banks, venture capitalists, financial institutions, and other investors</li>
<li>Market research and consulting firms</li>
</ul>
<p style="text-align: left;" align="justify"><strong>Scope of the Report:</strong></p>
<ul style="text-align: left;">
<li><strong>By Voltage</strong>
<ul>
<li>Low Voltage</li>
<li>Medium Voltage</li>
</ul>
</li>
<li><strong>By Application</strong>
<ul>
<li>Pumps</li>
<li>Fans</li>
<li>Compressor</li>
<li>Conveyors</li>
<li>Extruders</li>
<li>Other application</li>
</ul>
</li>
<li><strong>By End–Use Industry</strong>
<ul>
<li>Oil & Gas</li>
<li>Water & wastewater</li>
<li>Power generation</li>
<li>Building Automation</li>
<li>Food & Beverage</li>
<li>Metals & Mining</li>
<li>Chemicals & Petrochemicals</li>
<li>Other industries</li>
</ul>
</li>
<li><strong>By Power Rating</strong>
<ul>
<li>Low Power Drives (< 40 kW)</li>
<li>Medium Power Drives (41 – 200 kW)</li>
<li>High Power Drives (> 200 kW)</li>
</ul>
</li>
<li><strong>By Region</strong>
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East & Africa</li>
</ul>
</li>
</ul>
<p style="text-align: left;" align="justify"><strong>Available Customizations:</strong></p>
<p style="text-align: left;" align="justify">With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:</p>
<p style="text-align: left;" align="justify"><strong>Regional Analysis</strong></p>
<p style="text-align: left;" align="justify">Further breakdown of region/country-specific analysis</p>
<p style="text-align: left;" align="justify"><strong>Company Information</strong></p>
<p style="text-align: left;" align="justify">Detailed analysis and profiling of additional market players (Up to five)</p>
<p style="text-align: left;" align="justify"></p>
<p style="text-align: left;" align="justify"><a href="
http://www.marketsandmarkets.com/Market-Reports/ac-drives-market-131149781.html" target="_blank">Read More</a></p>
