MRO Magazine

Research and Markets: Global AC Drives Market 2014-2018: ABB Ltd., Mitsubishi Electrical Corp. and Siemens AG Among Top Vendors

June 9, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Global AC Drives Market 2014-2018” report to their offering.

The analysts forecast the Global AC Drives market will grow at a CAGR of 7.24 percent over the period 2013-2018.

Key Vendors

– ABB Ltd.

– Mitsubishi Electrical Corp.

– Siemens AG

Other Prominent Vendors

– Beijing Leader & Harvest Electric Technologies Co. Ltd.

– Danfoss Group

– Emerson Electric Co.

– Fuji Electric Holdings Co. Ltd.

– Hiconics Drive Technology Co. Ltd.

– Hitachi Ltd.

– Rockwell Automation Inc.

– Schneider Electric SA

– Toshiba Corp.

– Yaskawa America Inc.

Commenting on the report, an analyst from the team said: The Global AC Drives market is witnessing immense demand for end-to-end systems. Many end-users prefer a complete solution for motors, drives, and other products over standalone products. Vendors can help end-users focus on their core business processes by providing end-to-end systems comprising delivery and service for the product and technical training with accurate installation. Thus, many vendors are providing end-to-end products and systems, helping buyers gain an edge over their competitors in the market

According to the report, the Global AC Drives market is driven by many factors. One of the major drivers of the market is the increasing demand from the APAC region. Increasing urbanization and industrialization in the APAC region increases the demand for high-end and low-end drives.

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