- The key vendors in the AC Drives Market in US 2014-2018 are ABB Ltd., Mitsubishi Electrical Corp., Rockwell Automation Inc. and Siemens AG.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the AC Drives Market in US 2014-2018. Demand for end-to-end systems is one of the major emerging trends in this market. End-users prefer complete end-to-end systems over standalone products, which lead to an increase in the demand for end-to-end systems. Several end-users are adopting application-specific drives, which provide more energy efficiency than general drives. The overall market is expected to grow at a CAGR of 5.03 percent during the period 2013-2018.
The AC Drives market in the US is mainly driven by process industries such as the Food and Beverage, Oil and Gas, and Petrochemicals industries. Process industries are adopting micro, high-end, low-end, and medium-range drives to regulate and control AC motors, thereby enhancing the growth of the market.
“The Global Process industry is growing rapidly, which in turn creates opportunities for the AC Drives market in the US,” says Faisal Ghaus, Vice President of TechNavio Research.
“The AC drives manufacturers in the US offer better products than those manufactured outside the US, both in terms of quality and enhanced features.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
