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The Global AC Drives Market size is expected to grow at an annual average of 7% during 2021-2027. An AC drive is a device used to control the speed of an electric motor. It takes into account the magnetic flux of an electric motor to control the speed of the motor, the frequency and voltage of the power supply.

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The following Segmentation are covered in this report:

By Voltage

· Low Voltage

· Medium Voltage

By Application

· Pumps

· Fans

· Compressor

· Conveyors

· Extruders

· Other application

By End–Use Industry

· Oil & Gas

· Water & wastewater

· Power generation

· Building Automation

· Food & Beverage

· Metals & Mining

· Chemicals & Petrochemicals

· Other industries

By Power Rating

· Low Power Drives (< 40 kW)

· Medium Power Drives (41 – 200 kW)

· High Power Drives (> 200 kW)

The report covers the following objectives:

· Proliferation and maturation of trade in the global AC Drives Market.

· The market share of the global AC Drives Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.

· Current and future market trends that are influencing the growth opportunities and growth rate of the global AC Drives Market.

· Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global AC Drives Market.

Scope of the Report

The research study analyses the global AC Drives industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

· Market Overview and growth analysis

· Import and Export Overview

· Volume Analysis

· Current Market Trends and Future Outlook

· Market Opportunistic and Attractive Investment Segment

Geographic Coverage

· North America Market Size and/or Volume

· Latin America Market Size and/or Volume

· Europe Market Size and/or Volume

· Asia-Pacific Market Size and/or Volume

· Rest of the world Market Size and/or Volume

Key Questions Answered by AC Drives Market Report

· What was the AC Drives Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

· What will be the CAGR of AC Drives Market during the forecast period (2021-2027)?

· Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).

· Which manufacturer/vendor/players in the AC Drives Market was the market leader in 2020?

· Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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