AC Drives Market-Industry Analysis and forecast (2025-2032)

AC Drives Market Size by Voltage Low Medium, Power Rating Low Medium High, Application Pumps Fans Extruders Conveyors, End-Use Oil and Gas Metals and Mixing Food and Beverages Power Generation, Region, Industry-Wide Analysis & Competitive Landscape Assessment

CAGR (2026-2032)

29.2 USD Bn.

Market Size

307

Report Pages

141

Market Tables

Overview

AC Drives Market size was valued US$ 29.2 Bn in 2025 and the total revenue is expected to grow at 5 % through 2025 to 2032, reaching US$ 41.09 Bn. The report has covered Country Market trends with a competitive landscape.

AC Drives Market Overview:

AC drives supports in improving efficiency of the system, saving energy, & to reduce motor wear. Also, less maintenance, easy to use, & rising demand for motor applications is also the main factors enhancing the demand for AC drives through the globe. AC drives increasing demand from many regions & the growing prices of electricity is powering the development of total AC drives market.To know about the Research Methodology:-Request Free Sample Report

AC Drives Market Dynamics

The key factors pouring the development of market are improved electricity prices, increasing demand for energy & electricity, strict regulations executed by government in order to cut down the CO2 emissions through the consumption & production of electricity, and automation & growing urbanization. In United States., AC drives market demand has been rationally strong comparatively to other county, with development in applications like fans, compressor, & pumps. Furthermore, wide range of growing popularity of IIoT & opportunity in the emergency sector is further enhancing the development of market. Though, AC drives market development is anticipated to decline owing to reduction in Greenfield investment.

Additionally, rising competition within the local firms’ outlooks a important restrain for the development of this AC drives market. On the other side, the reasons which are hindering the development of market are growing prices, & complex functions like synchronization between many axes or low end drives used for basic positioning.

Key trend recognized in the global AC) drives market is the transforming manufacturing industry with great adoption of IIoT. With the acceptance of this technology, producers can rise productivity & efficiencies of their processes to stay competitive on a international scale. This influence makes a positive environment for the demand of servo drives & motors, which in result, will also enhance the demand for these drives, as these are used in motors to get energy efficiency.

AC Drives Market Segment Analysis

On the basis of power rating, low power segment lead the market, due to their rising applications in building automation, food & beverages, oil and gas, construction, and other industries. Heightened construction movement in the Asia-Pacific & the MEA & Africa (MEA) will help the category to endure its control during the forecast period. Additional, rising population, changing customer food habits & lifestyle, & increasing tour & travel segment are expanding the food and beverages industry, which in result, will also push the demand for low power drives.

Regional Analysis

Asia-Pacific was the major contributor to the market, in terms of value, followed by Europe, during the historical period. The main factor anticipated to fuel the development of the Asia-Pacific market, over the forecast period, is growing industrialization & urbanization, driven by China, India, Japan, & Australia. China was the main market for AC derives in the Asia-Pacific region during the historical period. Moreover, the growing government initiatives to save electricity through energy efficiency standards are further estimated to spur the development of the market in the APAC region.

Competitive Landscape

The report covers Electric type, Hydraulic type with detailed analysis Global Light Towers Market industry with the classifications of the market on the Voltage, Power Rating, Application, End-Use & region. Analysis of past market dynamics from 2022 to 2029 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled thirteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.

AC Drives Market Scope:Inquire before buying

AC Drives Market
Report Coverage	Details
Base Year:	2025	Forecast Period:	2026-2032
Historical Data:	2020 to 2025	Market Size in 2025:	29.2 USD Bn
Forecast Period 2026-2032 CAGR:	5%	Market Size in 2032:	41.09 USD Bn
Segments Covered:	by Voltage	Low Medium
	By Type	Reversible AC Drives Non-Reversible AC Drives icon_8
	by Application	Pumps Fans Extruders Conveyors
	by End-Use	Oil and Gas Metals and Mixing Food and Beverages Power Generation

Global AC Drives Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Player / Competitors Profile Covered in Global AC Drives Market Report in Strategic Perspective:

ABB (Switzerland)
Danfoss Group (Denmark)
Mitsubishi Electric Corporation (Japan)
Siemens (Germany)
Schneider Electric (France)
Rockwell Automation, Inc. (U.S.)
Yaskawa Electric Corporation (Japan)
WEG (Brazil)
Toshiba International Corporation (Japan)
Hitachi, Ltd. (Japan)
Parker Hannifin Corporation (U.S.)
Delta Electronics, Inc. (Taiwan)
Fuji Electric Co., Ltd. (Japan)
Emerson Electric Co. (U.S.)
Hiconics Drive Technology Co., Ltd. (China)
Shenzhen Simphoenix Electric Technology Co., Ltd. (China)
N. D. AUTOMATION (India)
Bharat Bijlee Limited (India)
Zema Automation & Controls Pvt. Ltd. (India)
P G Drive (India)
Gennext Control (India)
Amtech ELECTRONICS India Limited (India)
Symbiotic Systems (India)
TMEIC (Toshiba Mitsubishi-Electric Industrial Systems)
LS Industrial Systems / LSIS (South Korea)

AC Drives Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: AC Drives Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. AC Drives Market Analysis and Forecast 7. AC Drives Market Analysis and Forecast, by Voltage 7.1. Introduction and Definition 7.2. Key Findings 7.3. AC Drives Market Value Share Analysis, by Voltage 7.4. AC Drives Market Size (US$ Mn) Forecast, by Voltage 7.5. AC Drives Market Analysis, by Voltage 7.6. AC Drives Market Attractiveness Analysis, by Voltage 8. AC Drives Market Analysis and Forecast, by Power Rating 8.1. Introduction and Definition 8.2. Key Findings 8.3. AC Drives Market Value Share Analysis, by Power Rating 8.4. AC Drives Market Size (US$ Mn) Forecast, by Power Rating 8.5. AC Drives Market Analysis, by Power Rating 8.6. AC Drives Market Attractiveness Analysis, by Power Rating 9. AC Drives Market Analysis and Forecast, by Application 9.1. Introduction and Definition 9.2. Key Findings 9.3. AC Drives Market Value Share Analysis, by Application 9.4. AC Drives Market Size (US$ Mn) Forecast, by Application 9.5. AC Drives Market Analysis, by Application 9.6. AC Drives Market Attractiveness Analysis, by Application 10. AC Drives Market Analysis and Forecast, by End Use 10.1. Introduction and Definition 10.2. Key Findings 10.3. AC Drives Market Value Share Analysis, by End Use 10.4. AC Drives Market Size (US$ Mn) Forecast, by End Use 10.5. AC Drives Market Analysis, by End Use 10.6. AC Drives Market Attractiveness Analysis, by End Use 11. AC Drives Market Analysis and Forecast, by Region 11.1. Introduction and Definition 11.2. Key Findings 11.3. AC Drives Market Value Share Analysis, by Region 11.4. AC Drives Market Size (US$ Mn) Forecast, by Region 11.5. AC Drives Market Analysis, by Region 12. AC Drives Market Analysis 12.1. Key Findings 12.2. AC Drives Market Overview 12.3. AC Drives Market Forecast, by Voltage 12.3.1. Low 12.3.2. Medium 12.4. AC Drives Market Forecast, by Power Rating 12.4.1. Low 12.4.2. Medium 12.4.3. High 12.5. AC Drives Market Forecast, by Application 12.5.1. Pumps 12.5.2. Fans 12.5.3. Extruders 12.5.4. Conveyors 12.6. AC Drives Market Forecast, by End Use 12.6.1. Oil and Gas 12.6.2. Metals and Mixing 12.6.3. Food and Beverages 12.6.4. Power Generation 12.7. AC Drives Market Forecast, by Region 12.7.1. North America 12.7.2. Europe 12.7.3. Asia-Pacific 12.7.4. MEA & Africa 12.7.5. Latin America 12.8. PEST Analysis 12.9. Key Trends 12.10. Key Developments 13. North-America AC Drives Market Analysis 13.1. Key Findings 13.2. North America AC Drives Market Forecast, by Voltage 13.2.1. Low 13.2.2. Medium 13.3. North America AC Drives Market Forecast, by Power Rating 13.3.1. Low 13.3.2. Medium 13.3.3. High 13.4. North America AC Drives Market Forecast, by Application 13.4.1. Pumps 13.4.2. Fans 13.4.3. Extruders 13.4.4. Conveyors 13.5. North America AC Drives Market Forecast, by End Use 13.5.1. Oil and Gas 13.5.2. Metals and Mixing 13.5.3. Food and Beverages 13.5.4. Power Generation 13.6. North-America AC Drives Market Forecast, by Country 13.6.1. US 13.6.2. Canada 13.7. US AC Drives Market Forecast, by Voltage 13.7.1. Low 13.7.2. Medium 13.8. US AC Drives Market Forecast, by Power Rating 13.8.1. Low 13.8.2. Medium 13.8.3. High 13.9. US AC Drives Market Forecast, by Application 13.9.1. Pumps 13.9.2. Fans 13.9.3. Extruders 13.9.4. Conveyors 13.10. US AC Drives Market Forecast, by End Use 13.10.1. Oil and Gas 13.10.2. Metals and Mixing 13.10.3. Food and Beverages 13.10.4. Power Generation 13.11. Canada AC Drives Market Forecast, by Voltage 13.11.1. Low 13.11.2. Medium 13.12. Canada AC Drives Market Forecast, by Power Rating 13.12.1. Low 13.12.2. Medium 13.12.3. High 13.13. Canada AC Drives Market Forecast, by Application 13.13.1. Pumps 13.13.2. Fans 13.13.3. Extruders 13.13.4. Conveyors 13.14. Canada AC Drives Market Forecast, by End Use 13.14.1. Oil and Gas 13.14.2. Metals and Mixing 13.14.3. Food and Beverages 13.14.4. Power Generation 13.15. PEST Analysis 13.16. Key Trends 13.17. Key Developments 14. Europe AC Drives Market Analysis 14.1. Key Findings 14.2. Europe AC Drives Market Overview 14.3. Europe AC Drives Market Forecast, by Voltage 14.3.1. Low 14.3.2. Medium 14.4. Europe AC Drives Market Forecast, by Power Rating 14.4.1. Low 14.4.2. Medium 14.4.3. High 14.5. Europe AC Drives Market Forecast, by Application 14.5.1. Pumps 14.5.2. Fans 14.5.3. Extruders 14.5.4. Conveyors 14.6. Europe AC Drives Market Forecast, by End Use 14.6.1. Oil and Gas 14.6.2. Metals and Mixing 14.6.3. Food and Beverages 14.6.4. Power Generation 14.7. Europe AC Drives Market Forecast, by Country 14.7.1. UK 14.7.2. France 14.7.3. Germany 14.7.4. Russia 14.7.5. Italy 14.7.6. Rest of Europe 14.8. UK AC Drives Market Forecast, by Voltage 14.8.1. Low 14.8.2. Medium 14.9. UK AC Drives Market Forecast, by Power Rating 14.9.1. Low 14.9.2. Medium 14.9.3. High 14.10. UK AC Drives Market Forecast, by Application 14.10.1. Pumps 14.10.2. Fans 14.10.3. Extruders 14.10.4. Conveyors 14.11. UK AC Drives Market Forecast, by End Use 14.11.1. Oil and Gas 14.11.2. Metals and Mixing 14.11.3. Food and Beverages 14.11.4. Power Generation 14.12. France AC Drives Market Forecast, by Voltage 14.12.1. Low 14.12.2. Medium 14.13. France AC Drives Market Forecast, by Power Rating 14.13.1. Low 14.13.2. Medium 14.13.3. High 14.14. France AC Drives Market Forecast, by Application 14.14.1. Pumps 14.14.2. Fans 14.14.3. Extruders 14.14.4. Conveyors 14.15. France AC Drives Market Forecast, by End Use 14.15.1. Oil and Gas 14.15.2. Metals and Mixing 14.15.3. Food and Beverages 14.15.4. Power Generation 14.16. Germany AC Drives Market Forecast, by Voltage 14.16.1. Low 14.16.2. Medium 14.17. Germany AC Drives Market Forecast, by Power Rating 14.17.1. Low 14.17.2. Medium 14.17.3. High 14.18. Germany AC Drives Market Forecast, by Application 14.18.1. Pumps 14.18.2. Fans 14.18.3. Extruders 14.18.4. Conveyors 14.19. Germany AC Drives Market Forecast, by End Use 14.19.1. Oil and Gas 14.19.2. Metals and Mixing 14.19.3. Food and Beverages 14.19.4. Power Generation 14.20. Italy AC Drives Market Forecast, by Voltage 14.20.1. Low 14.20.2. Medium 14.21. Italy AC Drives Market Forecast, by Power Rating 14.21.1. Low 14.21.2. Medium 14.21.3. High 14.22. Italy AC Drives Market Forecast, by Application 14.22.1. Pumps 14.22.2. Fans 14.22.3. Extruders 14.22.4. Conveyors 14.23. Italy AC Drives Market Forecast, by End Use 14.23.1. Oil and Gas 14.23.2. Metals and Mixing 14.23.3. Food and Beverages 14.23.4. Power Generation 14.24. Spain AC Drives Market Forecast, by Voltage 14.24.1. Low 14.24.2. Medium 14.25. Spain AC Drives Market Forecast, by Power Rating 14.25.1. Low 14.25.2. Medium 14.25.3. High 14.26. Spain AC Drives Market Forecast, by Application 14.26.1. Pumps 14.26.2. Fans 14.26.3. Extruders 14.26.4. Conveyors 14.27. Spain AC Drives Market Forecast, by End Use 14.27.1. Oil and Gas 14.27.2. Metals and Mixing 14.27.3. Food and Beverages 14.27.4. Power Generation 14.28. Rest of Europe AC Drives Market Forecast, by Voltage 14.28.1. Low 14.28.2. Medium 14.29. Rest of Europe AC Drives Market Forecast, by Power Rating 14.29.1. Low 14.29.2. Medium 14.29.3. High 14.30. Rest of Europe AC Drives Market Forecast, by Application 14.30.1. Pumps 14.30.2. Fans 14.30.3. Extruders 14.30.4. Conveyors 14.31. Rest of Europe AC Drives Market Forecast, by End Use 14.31.1. Oil and Gas 14.31.2. Metals and Mixing 14.31.3. Food and Beverages 14.31.4. Power Generation 14.32. PEST Analysis 14.33. Key Trends 14.34. Key Developments 15. Asia-Pacific AC Drives Market Analysis 15.1. Key Findings 15.2. Asia-Pacific AC Drives Market Overview 15.3. Asia-Pacific AC Drives Market Forecast, by Voltage 15.3.1. Low 15.3.2. Medium 15.4. Asia-Pacific AC Drives Market Forecast, by Power Rating 15.4.1. Low 15.4.2. Medium 15.4.3. High 15.5. Asia-Pacific AC Drives Market Forecast, by Application 15.5.1. Pumps 15.5.2. Fans 15.5.3. Extruders 15.5.4. Conveyors 15.6. Asia-Pacific AC Drives Market Forecast, by End Use 15.6.1. Oil and Gas 15.6.2. Metals and Mixing 15.6.3. Food and Beverages 15.6.4. Power Generation 15.7. Asia-Pacific AC Drives Market Forecast, by Country 15.7.1. China 15.7.2. India 15.7.3. Japan 15.7.4. Malaysia 15.7.5. Indonesia 15.7.6. Rest of Asia-Pacific 15.8. China AC Drives Market Forecast, by Voltage 15.8.1. Low 15.8.2. Medium 15.9. China AC Drives Market Forecast, by Power Rating 15.9.1. Low 15.9.2. Medium 15.9.3. High 15.10. China AC Drives Market Forecast, by Application 15.10.1. Pumps 15.10.2. Fans 15.10.3. Extruders 15.10.4. Conveyors 15.11. India AC Drives Market Forecast, by End Use 15.11.1. Oil and Gas 15.11.2. Metals and Mixing 15.11.3. Food and Beverages 15.11.4. Power Generation 15.12. India AC Drives Market Forecast, by Voltage 15.12.1. Low 15.12.2. Medium 15.13. India AC Drives Market Forecast, by Power Rating 15.13.1. Low 15.13.2. Medium 15.13.3. High 15.14. India AC Drives Market Forecast, by Application 15.14.1. Pumps 15.14.2. Fans 15.14.3. Extruders 15.14.4. Conveyors 15.15. India AC Drives Market Forecast, by End Use 15.15.1. Oil and Gas 15.15.2. Metals and Mixing 15.15.3. Food and Beverages 15.15.4. Power Generation 15.16. Japan AC Drives Market Forecast, by Voltage 15.16.1. Low 15.16.2. Medium 15.17. Japan AC Drives Market Forecast, by Power Rating 15.17.1. Low 15.17.2. Medium 15.17.3. High 15.18. Japan AC Drives Market Forecast, by Application 15.18.1. Pumps 15.18.2. Fans 15.18.3. Extruders 15.18.4. Conveyors 15.19. Japan AC Drives Market Forecast, by End Use 15.19.1. Oil and Gas 15.19.2. Metals and Mixing 15.19.3. Food and Beverages 15.19.4. Power Generation 15.20. Indonesia AC Drives Market Forecast, by Voltage 15.20.1. Low 15.20.2. Medium 15.21. Indonesia AC Drives Market Forecast, by Power Rating 15.21.1. Low 15.21.2. Medium 15.21.3. High 15.22. Indonesia AC Drives Market Forecast, by Application 15.22.1. Pumps 15.22.2. Fans 15.22.3. Extruders 15.22.4. Conveyors 15.23. Indonesia AC Drives Market Forecast, by End Use 15.23.1. Oil and Gas 15.23.2. Metals and Mixing 15.23.3. Food and Beverages 15.23.4. Power Generation 15.24. Malaysia AC Drives Market Forecast, by Voltage 15.24.1. Low 15.24.2. Medium 15.25. Malaysia AC Drives Market Forecast, by Power Rating 15.25.1. Low 15.25.2. Medium 15.25.3. High 15.26. Malaysia AC Drives Market Forecast, by Application 15.26.1. Pumps 15.26.2. Fans 15.26.3. Extruders 15.26.4. Conveyors 15.27. Malaysia AC Drives Market Forecast, by End Use 15.27.1. Oil and Gas 15.27.2. Metals and Mixing 15.27.3. Food and Beverages 15.27.4. Power Generation 15.28. Rest of Asia-Pacific AC Drives Market Forecast, by Voltage 15.28.1. Low 15.28.2. Medium 15.29. Rest of Asia-Pacific AC Drives Market Forecast, by Power Rating 15.29.1. Low 15.29.2. Medium 15.29.3. High 15.30. Rest of Asia-Pacific AC Drives Market Forecast, by Application 15.30.1. Pumps 15.30.2. Fans 15.30.3. Extruders 15.30.4. Conveyors 15.31. Rest of Asia-Pacific AC Drives Market Forecast, by End Use 15.31.1. Oil and Gas 15.31.2. Metals and Mixing 15.31.3. Food and Beverages 15.31.4. Power Generation 15.32. PEST Analysis 15.33. Key Trends 15.34. Key Developments 16. MEA & Africa AC Drives Market Analysis 16.1. Key Findings 16.2. MEA &Africa AC Drives Market Overview 16.3. MEA &Africa AC Drives Market Forecast, by Voltage 16.3.1. Low 16.3.2. Medium 16.4. MEA &Africa AC Drives Market Forecast, by Power Rating 16.4.1. Low 16.4.2. Medium 16.4.3. High 16.5. MEA &Africa AC Drives Market Forecast, by Application 16.5.1. Pumps 16.5.2. Fans 16.5.3. Extruders 16.5.4. Conveyors 16.6. MEA &Africa AC Drives Market Forecast, by End Use 16.6.1. Oil and Gas 16.6.2. Metals and Mixing 16.6.3. Food and Beverages 16.6.4. Power Generation 16.7. MEA &Africa AC Drives Market Forecast, by Country 16.7.1. GCC 16.7.2. South Africa 16.7.3. Rest of MEA & Africa 16.8. GCC AC Drives Market Forecast, by Voltage 16.8.1. Low 16.8.2. Medium 16.9. GCC AC Drives Market Forecast, by Power Rating 16.9.1. Low 16.9.2. Medium 16.9.3. High 16.10. GCC AC Drives Market Forecast, by Application 16.10.1. Pumps 16.10.2. Fans 16.10.3. Extruders 16.10.4. Conveyors 16.11. GCC AC Drives Market Forecast, by End Use 16.11.1. Oil and Gas 16.11.2. Metals and Mixing 16.11.3. Food and Beverages 16.11.4. Power Generation 16.12. South Africa AC Drives Market Forecast, by Voltage 16.12.1. Low 16.12.2. Medium 16.13. South Africa AC Drives Market Forecast, by Power Rating 16.13.1. Low 16.13.2. Medium 16.13.3. High 16.14. South Africa AC Drives Market Forecast, by Application 16.14.1. Pumps 16.14.2. Fans 16.14.3. Extruders 16.14.4. Conveyors 16.15. South Africa AC Drives Market Forecast, by End Use 16.15.1. Oil and Gas 16.15.2. Metals and Mixing 16.15.3. Food and Beverages 16.15.4. Power Generation 16.16. Rest of MEA &Africa AC Drives Market Forecast, by Voltage 16.16.1. Low 16.16.2. Medium 16.17. Rest of MEA &Africa AC Drives Market Forecast, by Power Rating 16.17.1. Low 16.17.2. Medium 16.17.3. High 16.18. Rest of MEA &Africa AC Drives Market Forecast, by Application 16.18.1. Pumps 16.18.2. Fans 16.18.3. Extruders 16.18.4. Conveyors 16.19. Rest of MEA &Africa AC Drives Market Forecast, by End Use 16.19.1. Oil and Gas 16.19.2. Metals and Mixing 16.19.3. Food and Beverages 16.19.4. Power Generation 16.20. PEST Analysis 16.21. Key Trends 16.22. Key Developments 17. Latin America AC Drives Market Analysis 17.1. Key Findings 17.2. Latin America AC Drives Market Overview 17.3. Latin America AC Drives Market Forecast, by Voltage 17.3.1. Low 17.3.2. Medium 17.4. Latin America AC Drives Market Forecast, by Power Rating 17.4.1. Low 17.4.2. Medium 17.4.3. High 17.5. Latin America AC Drives Market Forecast, by Application 17.5.1. Pumps 17.5.2. Fans 17.5.3. Extruders 17.5.4. Conveyors 17.6. Latin America AC Drives Market Forecast, by End Use 17.6.1. Oil and Gas 17.6.2. Metals and Mixing 17.6.3. Food and Beverages 17.6.4. Power Generation 17.7. Latin America AC Drives Market Forecast, by Country 17.7.1. Mexico 17.7.2. Brazil 17.7.3. Rest of Latin America 17.8. Mexico AC Drives Market Forecast, by Voltage 17.8.1. Low 17.8.2. Medium 17.9. Mexico AC Drives Market Forecast, by Power Rating 17.9.1. Low 17.9.2. Medium 17.9.3. High 17.10. Mexico AC Drives Market Forecast, by Application 17.10.1. Pumps 17.10.2. Fans 17.10.3. Extruders 17.10.4. Conveyors 17.11. Mexico AC Drives Market Forecast, by End Use 17.11.1. Oil and Gas 17.11.2. Metals and Mixing 17.11.3. Food and Beverages 17.11.4. Power Generation 17.12. Brazil AC Drives Market Forecast, by Voltage 17.12.1. Low 17.12.2. Medium 17.13. Brazil AC Drives Market Forecast, by Power Rating 17.13.1. Low 17.13.2. Medium 17.13.3. High 17.14. Brazil AC Drives Market Forecast, by Application 17.14.1. Pumps 17.14.2. Fans 17.14.3. Extruders 17.14.4. Conveyors 17.15. Brazil AC Drives Market Forecast, by End Use 17.15.1. Oil and Gas 17.15.2. Metals and Mixing 17.15.3. Food and Beverages 17.15.4. Power Generation 17.16. Rest of Latin America AC Drives Market Forecast, by Voltage 17.16.1. Low 17.16.2. Medium 17.17. Rest of Latin America AC Drives Market Forecast, by Power Rating 17.17.1. Low 17.17.2. Medium 17.17.3. High 17.18. Rest of Latin America AC Drives Market Forecast, by Application 17.18.1. Pumps 17.18.2. Fans 17.18.3. Extruders 17.18.4. Conveyors 17.19. Rest of Latin America AC Drives Market Forecast, by End Use 17.19.1. Oil and Gas 17.19.2. Metals and Mixing 17.19.3. Food and Beverages 17.19.4. Power Generation 17.20. PEST Analysis 17.21. Key Trends 17.22. Key Developments 18. Company Profiles 18.1. Market Share Analysis, by Company 18.2. Market Share Analysis, by Region 18.3. Market Share Analysis, by Country 18.4. Competition Matrix 18.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw material and R&D investment 18.4.2. New Raw material Launches and Raw material Enhancements 18.4.2.1. Market Consolidation 18.4.2.2. M&A by Regions, Investment and Raw material 18.4.2.3. M&A Key Players, Forward Integration and Backward Integration 18.5. Company Profiles: Key Players 18.5.1 ABB (Switzerland) 18.5.2 Danfoss Group (Denmark) 18.5.3 Mitsubishi Electric Corporation (Japan) 18.5.4 Siemens (Germany) 18.5.5 Schneider Electric (France) 18.5.6 Rockwell Automation, Inc. (U.S.) 18.5.7 Yaskawa Electric Corporation (Japan) 18.5.8 WEG (Brazil) 18.5.9 Toshiba International Corporation (Japan) 18.5.10 Hitachi, Ltd. (Japan) 18.5.11 Parker Hannifin Corporation (U.S.) 18.5.12 Delta Electronics, Inc. (Taiwan) 18.5.13 Fuji Electric Co., Ltd. (Japan) 18.5.14 Emerson Electric Co. (U.S.) 18.5.15 Hiconics Drive Technology Co., Ltd. (China) 18.5.16 Shenzhen Simphoenix Electric Technology Co., Ltd. (China) 18.5.17 N. D. AUTOMATION (India) 18.5.18 Bharat Bijlee Limited (India) 18.5.19 Zema Automation & Controls Pvt. Ltd. (India) 18.5.20 P G Drive (India) 18.5.21 Gennext Control (India) 18.5.22 Amtech ELECTRONICS India Limited (India) 18.5.23 Symbiotic Systems (India) 18.5.24 TMEIC (Toshiba Mitsubishi-Electric Industrial Systems) 18.5.25 LS Industrial Systems (South Korea)

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