TechNavio recognizes the following companies as the key players in AC Drives Market in the APAC Region: ABB Ltd., Schneider Electric SA, and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The AC Drives market in the APAC region is witnessing immense market potential for end-to-end systems. Many end-users expect a complete solution for motors, drives, and other products from vendors rather than buying and installing standalone products. Vendors can help end-users focus on their core business processes by providing end-to-end systems with accurate installation and minimal risk. Thus, many vendors have started providing end-to-end products and systems, helping buyers gain an 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 compact drives from the APAC region. Increased urbanization and industrialization in the APAC region increases the demand for low-end AC drives like AC compact drives. In addition, end-users are adopting drives to reduce their energy consumption and increase their overall energy efficiency.
Further, the report states that one of the major challenges in the market is the continuous decline in vendors’ profit margins. The increase in the cost of raw materials and the decline in the price of drives are leading to a decline in the profit margins of the vendors. In addition, vendors are struggling to eliminate harmony waves and their impact on the drives.
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/report/ac-drives-market-in-the-apac-region-2014…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – AC Drives Market in the APAC Region 2014-2018
