DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vg737g/ac_drives_market) has announced the addition of the "AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders, and Others), End-use Industry and by Region - Global Trends & Forecast to 2020" report to their offering.
Increasing urbanization and industrialization is expected to drive the global AC drives market to USD 21.0 Billion by 2020, at a CAGR of 7.4% from 2015 to 2020.
Advantages like enhancing efficiency with optimum energy consumption through high potential AC drives creating a huge opportunity for the manufacturing industry. In addition, stringent government regulations to reduce carbon emissions during electricity production and consumption can add to the rising demand for the device.
The global AC drives market has been primarily segmented on the basis of Voltage which includes, low and medium voltage AC drives. The market has also been segmented on the basis of power rating into low power (Up to 40kW), medium power (41-200kW), and high power AC drives (Above 200kW).
The market study covers AC drives by application which includes pumps, fans, compressors, conveyors, extruders and others. On the basis of end-use industry the AC drives market has been segmented into oil & gas, water & wastewater, power generation, building automation, food & beverage, metals & mining, chemicals & petrochemicals and others which constitute industries such as cement, textile, and Pulp & paper industries.
In terms of region, the market is segmented into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Each segment has been analysed with respect to its market drivers, growth trends, and future prospects.
Oil & gas is the largest end-user of AC drives market and accounted for a share of 15% in 2014. The water & wastewater is expected to have a high growth rate, owing to rapid urbanization and industrialization, especially in developing regions such as Asia-Pacific and the Middle East & Africa. Asia-Pacific currently holds the largest market share in terms of value on the account of rapid urbanisation and industrialisation from the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 AC Drives Market, By Voltage
7 AC Drives Market, By Application
8 AC Drives Market, By End-Use Industry
9 AC Drives Market, By Power Rating (Kw)
10 AC Drives Market, By Region
11 Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Danfoss Group
- Emerson Electric Co.
- Fuji Electric Holdings
- Hiconics Drive Technology Co. Ltd.
- Hitachi Ltd.
- Mitsubishi Electrical Co, Ltd.
- Parker Hannifin Co.
- Rockwell Automation15
- Schneider Electric Co.
- Siemens AG
- Toshiba International Corporation Ltd.
- WEG Industries
- Yaskawa Electric Co.
For more information visit http://www.researchandmarkets.com/research/vg737g/ac_drives_market