Market Share of Alternating Current (AC) Electric Drives Industry
The global AC drives market is highly fragmented as the demand for AC electric drives is increasing with the growing manufacturing industry across the globe. The key players in the market, like Danfoss, ABB, Siemens AG, and others, are continuously innovating new products and rising activities such as mergers and acquisitions and capacity expansion, further increasing the competition.
- May 2022 - Rockwell Automation, one of the largest companies dedicated to industrial automation and digital transformation, announced the release of its new Allen-Bradley Armor PowerFlex AC variable frequency drives for industrial motor control applications. These on-machine drives provide quicker installation, simple commissioning, and predictive maintenance.
Alternating Current (AC) Electric Drives Market Leaders
ABB
Danfoss
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
*Disclaimer: Major Players sorted in no particular order
