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    Max Smith
    Jun 23, 2021

    AC Drives Market Report and Forecast 2020-2025

    in Get Started with Your Forum

    The AC drives market was valued at USD 14.68 Billion in 2015, and is expected to grow at a CAGR of 7.0% from 2016 to 2021. Increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency are major factors driving the AC drives market. This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global AC drives market.

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