AC Drives Market Size, Share, Growth, Analysis

Introduction

Speed control drives, adjustable speed drives, electric drives, variable frequency drives, frequency conversions, inverters, and power conditioning are all titles for AC drives. Electric drives are an important aspect of commercial and automated operations, especially where accurate motor speed regulation is required. Electrical drives are also used to power all current electric locomotives and engine systems. AC drives are utilized in hybrid and electric vehicles to integrate conventional energy sources with energy storage to produce overall energy management services.

Did you notice that?

  • The rise in energy consumption is being driven by advanced markets.
  • Electrical power accounts for 20% of global energy usage.
  • AC induction motors consume more than half of all electricity.
  • Pumps, fans, and compressors account for 75% of all AC motors.
  • If AC drives were employed in every feasible application, worldwide electric energy usage might be decreased by 10%.

The size, affordability, durability, and effectiveness of AC motors in commercial speed regulation have all improved because of technological advancements. The AC Drive system is straightforward. It is made up of three parts:

  • NEMA Design B squirrel cage-induced three-phase ac motors are common.
  • Component of Motor Control
  • User Interface (UI)

Official List of Top AC Drive Manufacturers for 2022:

Due to its widespread application in a wide range of industries and the ability of motor drives to operate at numerous speeds, AC drives have the biggest share. Pump drives have the highest market share when it comes to applications.

  • Hitachi Ltd
  • Hiconics Drive Technology Co. Ltd
  • Servo Tech # PCC Panel, MCC Panel, VFD Panel, LT Panel
  • Abb Ltd
  • S. Automation & Controls
  • American Electric Technologies Inc. (Aeti)
  • Amtech Electronics India Ltd
  • Crompton Greaves Ltd
  • Danfoss Vlt Drives
  • Eaton Corp.

Benefits of AC Drive:

Here are the benefits of AC drive:

  • For most situations, it can employ normal, low-cost three-phase AC electric motors.
  • Minimal maintenance requirements
  • Under part load conditions, the AC drive saves energy.
  • Shorter, lighter, and much more widely accessible
  • In high-speed usage, it performs better.
  • If the control system fails, there is a backup.
  • Work in a dangerous setting, such as a factory or a petrochemical plant, where DC motors are inappropriate due to commutator buzzing in the equipment.

The forecast for the market is driven by India's AC drives

The low power drives (40 kW) segment is expected to hold a dominant market position in the Indian AC motor sector depending on the power rating. This is due to the rising use of low-power AC motors in robotics and other engineering products, as well as the rising demands for AC drives.

In the projected term, these aspects are asked to add to overall market growth.

Expanding Automation Demand Would Provide Profitable Positions for India's AC Drives Industry Development

The automation sector is forecast to hold a significant proportion of the India ac drives Manufacturers market based on end-use. This is due to the region's quick technical advancements and expanding technological adoption, which is likely to fuel the desire for Ac motors in the smart factory. Furthermore, the region's developing oil and gas and energy markets, along with price increases for heavy machinery, are likely to boost industry growth over the projection period.

Segmenting the Market:

AC controls, also called variable speed drives or variable frequency drives, are speed control devices. This helps to improve control systems while also lowering the device's energy consumption. AC motor gives precise motor function in a small, limited package. Additionally, the drives may generate power from renewable natural elements such as the wind and sun.

>> The market is divided into two groups based on voltage:

  • Low Voltage (LV)
  • High Voltage

>> The industry can be classified into three categories based on rated output:

  • Low-power drives (less than 40 kW)
  • Medium-Voltage Drives (41 kW - 200 kW)
  • Drives with high power (>200 kW)

>> The business can be classified into three categories based on application areas:

  • Compressor
  • Conveyors
  • Fans
  • Extruders
  • Pumps

The high need for energy-saving measures, as well as rising industrialisation, are propelling India's economy forward:

The energy consumption is being driven by the nation's population boom, urbanization, and the growing cost of housing and other industrial and commercial infrastructural developments. As a result, an ac motor drive is being used more frequently in the energy industry. Furthermore, as spendable money and standard of living rise, customers are increasingly investing in equipment such as air conditioning and high-quality refrigerators, which would be expected to boost industry growth in the future. Moreover, the business is projected to benefit from significant technical improvements. Furthermore, increased government expenditures on energy optimization techniques and energy efficiency technologies, fueled by rising eco-awareness amid mounting pollutant emissions, are expected to boost market expansion in India.

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  1. Drivers:  The AC controller industry is being driven by rapid urbanization and industrialization, as well as different government policies aimed at increasing fuel efficiency. Diverse strategies for achieving energy efficiency, as well as increasing demand for energy optimization in various industrial processes, are additional significant factors driving market expansion.  There are different types of ac drives that save energy while also reducing wear and tear on mechanical components, resulting in less downtime for maintenance and repairs. This encourages the industry to use these drives (rather than mechanical power transmission components), which helps the market flourish.
  2. Restraints: The drop in direct investment (FDIs) owing to increased protectionism and the unpredictable situation of the oil and gas industry in recent years are two major limitations on the Ac motors market growth. Additionally, rising prices for these drives will stifle market expansion throughout the projection period.
  3. Market Competition is Driven by AC: ABB Ltd., Siemens AG, Danfoss Group, Schneider Electric SE, Yaskawa America Inc., Rockwell Automation Inc., Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Emerson Electric Co., and Parker Hannifin Corporation are some of the prominent players in the worldwide AC drives market.

Due to interruptions in supply chain logistics and the interim closure of industrial plants, the COVID-19 epidemic has had a minor impact on the low voltage drives industry. Regional authorities' strict attempts to ban cross-border trade and enforce national lockdowns have had a negative impact on the product demand. However, the market dynamics have been somewhat counterbalanced by an increasing emphasis on the emergency sector, such as healthcare facilities, and the implementation of new combat methods by important companies.

Due to large increases in private and public sector investments, the reduced power range motors market is expected to develop at a 4% annual pace until 2030. Furthermore, the industry situation will be bolstered by the growing integration of renewable networks, as well as the growing interest in green savings for creating contemporary infrastructure. Furthermore, rapid urbanization, along with a growing desire to maximize electricity efficiency, will boost market potential.

Conclusion:

AC motors are devices that convert DC to AC to manage motor speed. AC motors have increased production and contributed significantly to the advancement of the electronics industry. This page explains the benefits and statistics of the AC motor market, as well as market trends, analyses, and more. ABB also introduced a flameproof (FLP) low voltage motor in India in January 2022. It is available in IE2 and IE3 efficiency classes and ensures secure and easy operations in explosive settings.

FAQs: AC Drives

Q. How big is the market for low-voltage drives?

Ans. Low voltage drives accounted for over USD 17 billion in market share in 2021, and are predicted to rise at a CAGR of 4% from 2022 to 2030, owing to increasing fully equipped for the control of AC-motor torque and speed in a high- and low application.

Q. What is the market growth rate for AC motors in India?

Ans. Between 2022 and 2027, the market is anticipated to grow at a 7.60 percent CAGR.

Q. Who are the leading participants in the world of low voltage drives?

Ans. Fuji Electric Co., Ltd., Honeywell International Inc., Danfoss, Bosch Rexroth AG, ABB, CG Power & Industrial Solutions Ltd., Johnson Controls, Eaton, Beckhoff Automation, and others are among the market's leading firms.

Ans. Low power drives (40 kW), power transfer drives (41 kW - 200 kW), & greater power drives (>200 kW) are the three major power rating groups.

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