Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India AC Drives Market Outlook

The India AC drives market is expected to grow at a CAGR of 8.93% in the forecast period of 2024-2032.

India AC Drives Market Report Summary Description Value
Base Year USD Million 2023
Historical period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million XX
Market Size 2032 USD Million XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 8.93%
CAGR 2024-2032 - Market by Region North India 31.2%
CAGR 2024-2032 - Market by Type Low Voltage Drives 9.5%
CAGR 2024-2032 - Market by End Use Solar System 10.2%
Market Share by Region 2023 North India 31.2%

Rising Demand for Low Power AC Drives to Spearhead the Growth of the India AC Drives Industry

Based on power rating, the low power drives (<40 kW) segment is predicted to hold a significant market share in the India AC drives industry. This can be attributed to the increased implementation of low power AC drives owing to the heightened demand for AC motors in automation and other industrial applications.

India AC Drives Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Meanwhile, based on voltage, the heightened demand for low voltage AC drives is expected to further aid the market growth. The low cost and increased usage of this type in both low and medium-power applications is driving the segment growth. These factors are expected to contribute to the overall market growth in the forecast period.

Increasing Demand for Automation to Provide Lucrative Opportunities for the AC Drives Industry Growth in India

On the basis of end use, the automation industry is estimated to hold a substantial share of the India AC drives industry. This can be attributed to the rapid technological improvements and the growing acceptance of technology in the region, which is expected to drive the demand for AC drives in the automation industry. Moreover, the expanding oil and gas and energy sectors in the region, with the heightened demand for heavy machinery, is also expected to positively impact the industry growth in the forecast period.

Market Share by Region
North India 31.2%
East india XX%
South India XX%
West India XX%
CAGR 2024-2032 - Market by Region
South India 9.5%
East india 9.2%
North India XX%
West India XX%

AC Drives: Market Segmentation

AC drives, also known as adjustable speed drives or adjustable frequency drives, are devices that help in controlling the speed of an electrical motor. This aids in enhancing the process control while also reducing the energy requirements of the device. AC drives provide accurate control of the motor in a low maintenance compact size. Furthermore, the drives can also be used to convert energy from natural and renewable resources like sun and wind.

India AC Drives Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

CAGR 2024-2032 - Market by Type
Low Voltage Drives 9.5%
High Voltage Drives XX%
Soft Starters XX%

By product type, the market is bifurcated into:

On the basis of power rating, the market can be divided into:

  • Low Power Drives 
  • Medium Power Drives
  • High Power Drives

Based on applications, the market can be segmented into:

  • Compressor
  • Conveyors
  • Fans
  • Extruders
  • Pumps
  • Others
CAGR 2024-2032 - Market by End Use
Solar System 10.2%
Power 9.6%
Oil and Gas 9.2%
Transportation and Infrastructure XX%
Metal Processing  XX%
Others XX%

On the basis of end use, the market can be distributed into:

  • Transportation and Infrastructure
  • Oil and Gas
  • Power
  • Chemical
  • Metal Processing
  • Solar System
  • Others

Increased Demand for Energy Conservation Solutions and the Rapid Industrialisation to Drive the India AC Drives Industry Growth

The rising population, growing urbanisation, and increasing demand for housing and other commercial and industrial infrastructure facilities in the country are driving the demand for energy. This has led to a heightened application of AC drives in the energy sector. Moreover, with the increasing disposable income and improved living standards, consumers are actively investing in appliances such as HVAC and quality refrigerators and washing machines, which is estimated to bolster the market growth in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. Additionally, growing government investments in energy optimisation strategies and energy conservation solutions, fuelled by the escalating eco-consciousness amid the rising pollution levels, are predicted to aid the market growth in India.

India AC Drives Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the India AC Drives Market

The report gives a detailed analysis of the following key players in the India AC drives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB India Ltd
  • Siemens Limited
  • Danfoss A/S
  • Hitachi Hi-Rel Power Electronics Private Limited
  • Yaskawa India Private Limited
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Kirloskar Electric Company Ltd.
  • Amtech Electronics India Limited
  • Delta Electronics, Inc.
  • CG Power & Industrial Solutions Ltd.
  • Fuji Electric India Pvt Ltd
  • Shenzhen INVT Electric Co Ltd
  • Inovance Technology Pvt, Ltd
  • Mitsubishi Electric India Pvt. Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Power Rating
  • Application
  • End Use
  • Region
Breakup by Product Type
  • Low Voltage Drives
  • Medium Voltage Drives
  • Soft Starter
Breakup by Power Rating
  • Low Power Drives
  • Medium Power Drives
  • High Power Drives
Breakup by Application
  • Compressor
  • Conveyors
  • Fans
  • Extruders
  • Pumps
  • Others
Breakup by End Use
  • Transportation and Infrastructure
  • Metal Processing
  • Chemical
  • Solar System
  • Power
  • Oil and Gas
  • Others
Breakup by Region
  • North India
  • East India
  • South India
  • West India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABB India Ltd
  • Siemens Limited
  • Danfoss A/S
  • Hitachi Hi-Rel Power Electronics Private Limited
  • Yaskawa India Private Limited
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Kirloskar Electric Company Ltd.
  • Amtech Electronics India Limited
  • Delta Electronics, Inc.
  • CG Power & Industrial Solutions Ltd.
  • Fuji Electric India Pvt Ltd
  • Shenzhen INVT Electric Co Ltd
  • Inovance Technology Pvt, Ltd
  • Mitsubishi Electric India Pvt. Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

India AC Drives Market Report Snapshots

India AC Drives Market Size

India AC Drives Market Growth

India AC Drives Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 8.93% between 2024 and 2032.

The major drivers of the market, such as need for energy efficiency in industries, increasing manufacturing activities and rising automation sector are expected to aid the market growth.

The key trends guiding the growth of the market include the increasing demand for energy conservation solutions.

The significant product types include low voltage drives, medium voltage drives and soft starter.

The significant power rating segments include low power drives, medium power drives, and high power drives.

The major applications include compressor, conveyors, fans, extruders, pumps, and others.

The significant end uses include transportation and infrastructure, metal processing, chemical, solar system, power, oil and gas, among others. 

The major players in the market are ABB India Ltd, Siemens Limited, Danfoss A/S, Hitachi Hi-Rel Power Electronics Private Limited, Yaskawa India Private Limited, Rockwell Automation Inc., Schneider Electric SE, Kirloskar Electric Company Ltd., Amtech Electronics India Limited, Delta Electronics, Inc., CG Power & Industrial Solutions Ltd., Fuji Electric India Pvt Ltd, Shenzhen INVT Electric Co Ltd, Inovance Technology Pvt, Ltd, Mitsubishi Electric India Pvt. Ltd., among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124