TechNavio recognizes the following companies as the key players in the Global AC and DC Drives Market: ABB Ltd., Siemens AG, Schneider Electric SA, and Converteam.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global AC and DC Drives market is witnessing huge market potential for end-to-end systems. Many end-users expect a complete solution for motors, drives, and other products from vendors. End-users prefer complete end-to-end systems from vendors rather than buying and installing standalone products. Vendors can help end-users to focus on their core business processes by providing end-to-end systems with accurate installation at minimal risk. Thus, many vendors have started to provide end-to-end products and systems, which help buyers to create a competitive edge over their competitors in the market.”
According to the report, one of the major drivers in the market is the increasing demand for AC and DC drives from the APAC region. Increasing urbanization and industrialization in the APAC region increases the demand for low-voltage AC drives.
Further, the report states that one of the major challenges in the market is a continuous decline in vendors’ profit margins. The increasing cost of raw materials and decline in the price of drives are the major causes for decline in vendors’ profit margins.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Rockwell Automation, Hitachi Ltd., Beijing Leader & Harvest Electric Technologies Co. Ltd., Hiconics Drive Technology Co. Ltd., and Toshiba Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-ac-and-dc-drives-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global AC and DC Drives Market 2012-2016
