Europe Alternating Current (AC) Drive Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Alternating Current (AC) Drive Market is segmented by Voltage (Low and Medium), by End-user Industry (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper, HVAC, Discrete Industries), and by Country.

Europe Alternating Current (AC) Drive Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Alternating Current (AC) Drive Market Size

Europe Alternating Current (AC) Drive Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.10 %
Market Concentration Low

Major Players

Europe Alternating Current (AC) Drive Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Alternating Current (AC) Drive Market Analysis

The Europe Alternating Current Drive Market is expected to register a CAGR of 7.1% during the forecast period.

  • AC drive is an electronic device that can adjust the rotation speed of an electric motor according to the application's needs, which can result in considerable energy savings. For example, the new ecodesign measures by Europe will now regulate the efficiency of these drives.
  • According to Danfoss, the investment in an AC drive is higher than in an energy-efficient motor. In the industrial sector, where electric motors account for 30% of global final energy use, it requires significant investment to install AC drives or upgrade motor efficiency classes to optimize existing motors for energy efficiency.
  • According to Invertek Drives, nearly 50 percent of the electricity produced in Europe is consumed by around eight billion electric motors. Forty percent of electricity is used to power the industry, with two-thirds of this used by electric motors globally, and yet less than 20 percent of electric motors are controlled by variable frequency drives (AC Drives). AC drives have a role on both the demand and supply sides of the equation. These drives primarily act to reduce electricity consumption drawn by motors under torque loading.
  • Besides, increased usage of AC drives in relevant applications, such as a pump delivering a water flow that changes with time, can generate considerable savings at the application level. This is followed by the regulation requiring manufacturers of motors and drives to provide relevant energy efficiency data at different speed/torque points. However, the advantage is often considerably higher, so after the initial payback time, the AC drive is the most economical means to generate energy efficiency.
  • The European Government has already identified motors and variable speed control of motors using AC drives as huge opportunities for energy-saving. Currently, 25% of the motors are equipped with these drives, and the additional potential to install other drives is 40-50% of the motors. The International Energy Agency (IEA) and the European Government have set ambitious targets for energy savings and regard cutting back consumption as a vital first step in achieving the targets, following the principles of the Efficiency First concept.
  • The COVID crisis directly impacts energy use and greenhouse gas (GHG) emissions at both global and regional levels. The Covid-19 Pandemic unveiled weaknesses, as the AC Drives market was initially unable to cope with shortages in supplies caused by closed borders and manufacturing sites. The crisis accentuated the strategic importance of value chains such as automation, motors, and drives in light of the accelerating digital transformation and growing demand for Alternating Current (AC) Drives.

Europe Alternating Current (AC) Drive Industry Overview

The Europe Alternating Current (AC) Drive Market is competitive and consists of several partakers like Danfoss, WEG, Siemens, Fuji Electric Co., Ltd., Schneider Electric, Emerson Electric Co., Rockwell Automation, Inc., ABB, Yaskawa Electric Corporation, and many more. The companies are increasing their market share by forming multiple partnerships, investing in projects, and launching new products in the market.

  • October 2021 - Siemens acquired Wattsense, a hardware and software company that offers an innovative, plug-and-play Internet of things (IoT) management system for small and mid-size buildings to boost IoT systems for small and medium buildings. Wattsense to remain a separate, standalone unit within Siemens. The acquisition supports a wider range of facilities in reducing energy consumption through digitalization.
  • June 2021 - Rockwell Automation acquired Plex Systems to expand the industrial cloud software offerings. Plex Systems, a leading subscription-based smart manufacturing platform with easy-to-deploy, cloud-native solutions, improves visibility into end-to-end production systems and accelerates customers' digital transformation with the answers. Across discrete, hybrid, and process industry segments, Plex provides applications in supply chain visibility, manufacturing execution, and quality management.

Europe Alternating Current (AC) Drive Market Leaders

  1. ABB

  2. Danfoss

  3. Schneider Electric

  4. Rockwell Automation, Inc.

  5. Yaskawa Electric Corporation

  6. *Disclaimer: Major Players sorted in no particular order
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Europe Alternating Current (AC) Drive Market News

  • June 2022 - ABB's shore connection technology reduces emissions and noise during port stays. The company leads a consortium providing shore-to-ship power connections for ferries and cruise ships in the Port of Toulon. The advantage of shore-to-ship power connections is that the links allow ships to turn off diesel generators during port calls. The technology helps shipowners save on fuel and maintenance costs while switching to cleaner and more sustainable energy.

Europe Alternating Current (AC) Drive Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Impact of COVID-19 on the Europe Alternating Current (AC) Drive Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Regulation on Energy Efficiency
    • 5.1.2 Emerging Demand for Sensorless Drives
  • 5.2 Market Challenges
    • 5.2.1 Increasing Prices of AC Drives

6. MARKET SEGMENTATION

  • 6.1 By Voltage
    • 6.1.1 Low
    • 6.1.2 Medium
  • 6.2 By End-User Industry
    • 6.2.1 Oil & Gas
    • 6.2.2 Chemical & Petrochemical
    • 6.2.3 Food & Beverages
    • 6.2.4 Water & Wastewater
    • 6.2.5 Power Generation
    • 6.2.6 Metal & Mining
    • 6.2.7 Pulp & Paper
    • 6.2.8 HVAC
    • 6.2.9 Discrete Industries
  • 6.3 By Country
    • 6.3.1 United Kingdom
    • 6.3.2 Germany
    • 6.3.3 Italy
    • 6.3.4 France
    • 6.3.5 Russia
    • 6.3.6 Rest of Europe

7. VENDOR MARKET SHARE ANALYSIS

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 ABB Ltd
    • 8.1.2 Danfoss
    • 8.1.3 Schneider Electric Corporation
    • 8.1.4 Rockwell Automation, Inc.
    • 8.1.5 YASKAWA ELECTRIC CORPORATION.
    • 8.1.6 Mitsubishi Electric Corporation
    • 8.1.7 Siemens
    • 8.1.8 Fuji Electric Co., Ltd.
    • 8.1.9 Emerson Electric Co.
    • 8.1.10 WEG
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

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Europe Alternating Current (AC) Drive Industry Segmentation

The Europe Alternating Current (AC) Drive Market is segmented by Voltage (Low and Medium), by End-user Industry (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper, HVAC, Discrete Industries), and by Country (United Kingdom, Germany, Italy, France, Russia, Rest of Europe)

By Voltage Low
Medium
By End-User Industry Oil & Gas
Chemical & Petrochemical
Food & Beverages
Water & Wastewater
Power Generation
Metal & Mining
Pulp & Paper
HVAC
Discrete Industries
By Country United Kingdom
Germany
Italy
France
Russia
Rest of Europe
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Europe Alternating Current (AC) Drive Market Research FAQs

What is the current Europe Alternating Current (AC) Drive Market size?

The Europe Alternating Current (AC) Drive Market is projected to register a CAGR of 7.1% during the forecast period (2025-2030)

Who are the key players in Europe Alternating Current (AC) Drive Market?

ABB, Danfoss, Schneider Electric, Rockwell Automation, Inc. and Yaskawa Electric Corporation are the major companies operating in the Europe Alternating Current (AC) Drive Market.

What years does this Europe Alternating Current (AC) Drive Market cover?

The report covers the Europe Alternating Current (AC) Drive Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Alternating Current (AC) Drive Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Alternating Current (AC) Drive Industry Report

Statistics for the 2025 Europe Alternating Current (AC) Drive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Alternating Current (AC) Drive analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.