The reduction of starting current also leads to lower disturbances in the power supply, as it eliminates the voltage sag that occurs as a result of motor-start.
Continuous increase in the production of motor driven systems, such as industrial, HVAC equipment, and household appliances, in major countries, such as Singapore, India, China, South Korea, and Indonesia, is expected to largely contribute towards the regional market growth. Ltd, and Emerson Electric Co.
Moreover, saving a considerable amount of energy is expected to reduce carbon dioxide emissions. The companies are increasingly focusing on research and development projects to increase the efficiency of the motors manufactured. However, lack of awareness about their advantages and high initial purchase cost are obstructing the industry growth.
Asia-Pacific is expected to dominate the global AC drives market during the forecast period. Other factors that influence the market include — rising electricity prices and energy efficiency regulations.
Medium voltage AC drives are deployed for pumps, compressors, conveyors, crushers and mills, fans, and kiln applications. AC drives offer optimization in energy along with significant reduction in operational costs by controlling the speed and torque of electric motors.
The low voltage drives segment leads the worldwide market at present. Countries, such as Brazil, Argentina, India and others have a majority population relying on agriculture. Therefore, factors such as increasing investments in renewable energy and infrastructure development in China, Japan, and India are driving the VFD market in the region.
Porters Five Forces analysis is offered in the report along with Ac drives market in the us bargaining power of buyers and suppliers. Further, with the evolving agriculture sector through efficient irrigation practices and technology transferthe scope for market growth of these products is expected to increase over the coming years.
The integral horsepower segment is expected to emerge as the fastest-growing segment by JapanEmerson Electric Co. The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.
The market is shifting toward espousal of efficient motor systems. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: An AC drive eliminates the need for expensive and bulky mechanical drive-control components, such as gearboxes, along with offering energy savings.
However, both the regions are estimated to witness slow growth in the future, owing to the shift of plants of several electronic appliances and motor vehicles to countries, such as India and China, in Asia.
The AC drives market has also been segmented based on power rating into three segments: The pump segment is expected to hold the largest share of the VFD market, by application, during the forecast period. AC drives enable the reduction of the starting current that is required by a motor.
Competitive Insights The industry comprises many small- and large-sized players, worldwide. The manufacturing, infrastructure development, chemical processing, oil and gas, power generation, and automotive industries are major application areas for variable frequency drives in the global arena, notes the study.
Moreover, the vendors are investing heavily upgrading their technologies to attract new customers by offering a wide range of products at competitive prices. End-users are increasingly opting out for energy-efficient AC motors to optimize their operations during severe power outages. The low voltage AC drives segment is expected to dominate the AC drives market during the forecast period.
The government of China plans to invest heavily on clean energy production, which would drive the VFD market in the country. Low power AC drives offer quick pay back periods due to higher energy savings with low capital costs and better process control with increased motor control, which is likely to create demand for low power AC drives, during the forecast period - The FHP segment held the largest revenue share in with over USD 50 billion and are mostly used for low-power applications and household appliances ranging from vacuum cleaners, coffee machines to refrigerators.
The medium voltage AC drivers are expected to grow at the fastest rate owing to their vast end user base. The report offers an extensive analysis of government regulations related to commercial drones in different countries and its impact on their adoption rate in these countries.
In HVAC, motors are used in fans, compressors and pumps. The report analyses the top impacting factors in detail and offers adoption rate analysis of the market on the basis of different segment across different countries. The rise in the construction industry is likely to propel the variable frequency drives market in the Middle East and Africa while the surge in the automotive industry is expected to fuel the demand for these drives in EuropeIn addition to this, the power generation market, together with the oil and gas industry, is anticipated to support the Americas variable frequency drives market during the forecast period, the report states.
It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
Analysts expect it to maintain its dominance over the forecast period. Request Free Sample AC drives are used in applications such as oil and gas, water and wastewater, power generation, building automation, food and beverage, metals and mining and chemicals and petrochemicals.AC drives market is segmented on the basis of power rating, voltage, end-user industry applications, and region.
On the basis of power rating the market is segmented into low power drives, medium power drives and high power mi-centre.comon: State Tower, 90 State Street, SuiteAlbany, Market shares for the leading regions of the global AC drives market include APAC, EMEA, and Americas.
The top manufacturers of AC drives detailed in the report are ABB and Siemens. Technavio’s research analysts estimate the global AC drives market to grow at a CAGR of around 8% between and Industry Insights.
The global electric motor sales market size was estimated at USD billion in and is expected to grow significantly, owing to their increased usage across a broad range of commercial, industrial, and residential applications in elevators, fans, refrigerators, compressors, pumps, and various other systems.
The AC drives market was valued at USD Billion inand is expected to grow at a CAGR of % from to Increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency are major factors driving the AC drives market.
The report "Variable Frequency Drive (VFD) Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, and Conveyors), Power Range, Voltage, and Region - Global Forecast to ", The VFD market is expected to.
The AC Drives market in the US can be segmented into four divisions: High-end Drives, Medium-range Drives, Low-end Drives, and Micro Drives.
TechNavio's report, the AC Drives Market in the UShas been prepared based on an in-depth market analysis with inputs from industry experts.Download