DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global AC Drives Market Outlook to 2021 - Growth, Trends & Forecasts (2016 - 2021)" report to their offering.
The global 'AC drive' market is estimated to reach USD 22.1 billion by 2021 with a CAGR of 7.1%. Increased operational efficiency and cost savings from using AC drives is one of the major driving factors for this market.
Urbanization, industrialization, ever increasing demand for energy along with the rising electricity prices and regulations on energy efficiency are some of the factors driving the 'AC drives' market.
The high potential of alternating current drives to reduce energy consumption, greater return on investment (ROI) and enhanced efficiency, provide opportunities for the upgradation & retrofitting market. In addition, saving a considerable amount of energy is expected to help reduce carbon dioxide emissions. Moreover, the efficient use of energy is a precondition for global growth and increased prosperity.
Despite short-term economic slowdown due to various factors such as the decline in oil prices, structural change in China, Brexit etc., emerging markets will continue to drive the economic growth as they are constantly investing in long-term in infrastructure and basic industries.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Drivers, Restraints, Opportunities, and Challenges Analysis
5. AC Drives Industry Value Chain Analysis
6. Porters Five Force Analysis
7. AC Drives Market Analysis, by Voltage
8. AC Drives Market Analysis, by Application
9. AC Dives Market Analysis, by End Use Industry
10. AC Drives Market Segmentation, by Geography
11. Key Company Analysis
11.1 ABB Ltd
11.2 Danfoss Group
11.3 Mitsubishi Electrical Co, Ltd.
11.4 Schneider Electric Co.
11.5 Siemens AG
11.6 Fuji Electric Co., Ltd.,
11.7 Emerson Electric Co
11.8 Hiconics Drive Technology Co. Ltd.
11.9 Hitachi Ltd
11.10 Rockwell Automation
11.11 Toshiba International Corporation Ltd.
11.12 Yaskawa Electric Co.
For more information about this report visit http://www.researchandmarkets.com/research/gqvwjq/global_ac_drives