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Current trends in AC drives market revealed by researchers

Current trends in AC drives market revealed by researchers

This report studies AC drives in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.

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Asia-Pacific is currently the largest market for AC drives market, followed by Europe. The market of Asia-Pacific is primarily driven by countries such as China, India, Japan, Australia, and Rest of Asia-Pacific.

China is expected to dominate the AC drives market, followed by Japan and India. Urbanization and industrialization will drive the Asia-Pacific market for the forecast period.

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In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.

The leading players in the AC drives market include 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.

The report provides a picture on AC drives market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as application, voltage, power rating, end-use industry, and regions.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall AC drives market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies.

The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

What this report offers:
1. The report identifies and addresses key markets for AC drives market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges. 
3. The report will help key players to better understand the competition's strategies and will help in making strategic decisions.

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