AC Adjustable Speed Drives Market Insights, Global Outlook and Forecast 2022-2028
AC Adjustable Speed Drives Market Insights, Global Outlook and Forecast 2022-2028
AC Adjustable Speed Drives Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.
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AC Adjustable Speed Drive (ASD) have become very popular variable speed control devices used in industrial, commercial and some residential applications. These devices have been available for about 20 years and have a wide range of applications ranging from single motor driven pumps, fans and compressors, to highly sophisticated multi-drive machines. They operate by varying the frequency of the AC voltage supplied to the motor using solid state electronic devices.
The latest research study released by Market IntelliX evaluates market size and forecasts of AC Adjustable Speed Drives in global, including the following market information:
Global AC Adjustable Speed Drives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global AC Adjustable Speed Drives Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five AC Adjustable Speed Drives companies in 2021 (%)
The global AC Adjustable Speed Drives market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Low Voltage Drives Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of AC Adjustable Speed Drives include Mitsubishi Electric, Siemens, Toshiba, ABB, Schaffner, Danfoos, Yaskawa Electric, WEG and Johnson Controls, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the AC Adjustable Speed Drives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global AC Adjustable Speed Drives Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global AC Adjustable Speed Drives Market Segment Percentages, by Type, 2021 (%)
Low Voltage Drives
Medium Voltage Drives
High Voltage Drives
Global AC Adjustable Speed Drives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global AC Adjustable Speed Drives Market Segment Percentages, by Application, 2021 (%)
Pumps
Fans
Others
Global AC Adjustable Speed Drives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global AC Adjustable Speed Drives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies AC Adjustable Speed Drives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies AC Adjustable Speed Drives revenues share in global market, 2021 (%)
Key companies AC Adjustable Speed Drives sales in global market, 2017-2022 (Estimated), (K Units)
Key companies AC Adjustable Speed Drives sales share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Mitsubishi Electric
Siemens
Toshiba
ABB
Schaffner
Danfoos
Yaskawa Electric
WEG
Johnson Controls
Power Systems International（PSI）
Rockwell Automation
Fuji Electric
Hitachi
Eaton
Franklin Control Systems
Parker
Schneider Electric
Invertek Drives
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 AC Adjustable Speed Drives Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global AC Adjustable Speed Drives Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global AC Adjustable Speed Drives Overall Market Size
2.1 Global AC Adjustable Speed Drives Market Size: 2021 VS 2028
2.2 Global AC Adjustable Speed Drives Revenue, Prospects & Forecasts: 2017-2028
2.3 Global AC Adjustable Speed Drives Sales: 2017-2028
3 Company Landscape
3.1 Top AC Adjustable Speed Drives Players in Global Market
3.2 Top Global AC Adjustable Speed Drives Companies Ranked by Revenue
3.3 Global AC Adjustable Speed Drives Revenue by Companies
3.4 Global AC Adjustable Speed Drives Sales by Companies
3.5 Global AC Adjustable Speed Drives Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 AC Adjustable Speed Drives Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers AC Adjustable Speed Drives Product Type
3.8 Tier 1, Tier 2 and Tier 3 AC Adjustable Speed Drives Players in Global Market
3.8.1 List of Global Tier 1 AC Adjustable Speed Drives Companies
3.8.2 List of Global Tier 2 and Tier 3 AC Adjustable Speed Drives Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global AC Adjustable Speed Drives Market Size Markets, 2021 & 2028
4.1.2 Low Voltage Drives
4.1.3 Medium Voltage Drives
4.1.4 High Voltage Drives
4.2 By Type - Global AC Adjustable Speed Drives Revenue & Forecasts
4.2.1 By Type - Global AC Adjustable Speed Drives Revenue, 2017-2022
4.2.2 By Type - Global AC Adjustable Speed Drives Revenue, 2023-2028
4.2.3 By Type - Global AC Adjustable Speed Drives Revenue Market Share, 2017-2028
4.3 By Type - Global AC Adjustable Speed Drives Sales & Forecasts
4.3.1 By Type - Global AC Adjustable Speed Drives Sales, 2017-2022
4.3.2 By Type - Global AC Adjustable Speed Drives Sales, 2023-2028
4.3.3 By Type - Global AC Adjustable Speed Drives Sales Market Share, 2017-2028
4.4 By Type - Global AC Adjustable Speed Drives Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global AC Adjustable Speed Drives Market Size, 2021 & 2028
5.1.2 Pumps
5.1.3 Fans
5.1.4 Others
5.2 By Application - Global AC Adjustable Speed Drives Revenue & Forecasts
5.2.1 By Application - Global AC Adjustable Speed Drives Revenue, 2017-2022
5.2.2 By Application - Global AC Adjustable Speed Drives Revenue, 2023-2028
5.2.3 By Application - Global AC Adjustable Speed Drives Revenue Market Share, 2017-2028
5.3 By Application - Global AC Adjustable Speed Drives Sales & Forecasts
5.3.1 By Application - Global AC Adjustable Speed Drives Sales, 2017-2022
5.3.2 By Application - Global AC Adjustable Speed Drives Sales, 2023-2028
5.3.3 By Application - Global AC Adjustable Speed Drives Sales Market Share, 2017-2028
5.4 By Application - Global AC Adjustable Speed Drives Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global AC Adjustable Speed Drives Market Size, 2021 & 2028
6.2 By Region - Global AC Adjustable Speed Drives Revenue & Forecasts
6.2.1 By Region - Global AC Adjustable Speed Drives Revenue, 2017-2022
6.2.2 By Region - Global AC Adjustable Speed Drives Revenue, 2023-2028
6.2.3 By Region - Global AC Adjustable Speed Drives Revenue Market Share, 2017-2028
6.3 By Region - Global AC Adjustable Speed Drives Sales & Forecasts
6.3.1 By Region - Global AC Adjustable Speed Drives Sales, 2017-2022
6.3.2 By Region - Global AC Adjustable Speed Drives Sales, 2023-2028
6.3.3 By Region - Global AC Adjustable Speed Drives Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America AC Adjustable Speed Drives Revenue, 2017-2028
6.4.2 By Country - North America AC Adjustable Speed Drives Sales, 2017-2028
6.4.3 US AC Adjustable Speed Drives Market Size, 2017-2028
6.4.4 Canada AC Adjustable Speed Drives Market Size, 2017-2028
6.4.5 Mexico AC Adjustable Speed Drives Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe AC Adjustable Speed Drives Revenue, 2017-2028
6.5.2 By Country - Europe AC Adjustable Speed Drives Sales, 2017-2028
6.5.3 Germany AC Adjustable Speed Drives Market Size, 2017-2028
6.5.4 France AC Adjustable Speed Drives Market Size, 2017-2028
6.5.5 U.K. AC Adjustable Speed Drives Market Size, 2017-2028
6.5.6 Italy AC Adjustable Speed Drives Market Size, 2017-2028
6.5.7 Russia AC Adjustable Speed Drives Market Size, 2017-2028
6.5.8 Nordic Countries AC Adjustable Speed Drives Market Size, 2017-2028
6.5.9 Benelux AC Adjustable Speed Drives Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia AC Adjustable Speed Drives Revenue, 2017-2028
6.6.2 By Region - Asia AC Adjustable Speed Drives Sales, 2017-2028
6.6.3 China AC Adjustable Speed Drives Market Size, 2017-2028
6.6.4 Japan AC Adjustable Speed Drives Market Size, 2017-2028
6.6.5 South Korea AC Adjustable Speed Drives Market Size, 2017-2028
6.6.6 Southeast Asia AC Adjustable Speed Drives Market Size, 2017-2028
6.6.7 India AC Adjustable Speed Drives Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America AC Adjustable Speed Drives Revenue, 2017-2028
6.7.2 By Country - South America AC Adjustable Speed Drives Sales, 2017-2028
6.7.3 Brazil AC Adjustable Speed Drives Market Size, 2017-2028
6.7.4 Argentina AC Adjustable Speed Drives Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa AC Adjustable Speed Drives Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa AC Adjustable Speed Drives Sales, 2017-2028
6.8.3 Turkey AC Adjustable Speed Drives Market Size, 2017-2028
6.8.4 Israel AC Adjustable Speed Drives Market Size, 2017-2028
6.8.5 Saudi Arabia AC Adjustable Speed Drives Market Size, 2017-2028
6.8.6 UAE AC Adjustable Speed Drives Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Mitsubishi Electric
7.1.1 Mitsubishi Electric Corporate Summary
7.1.2 Mitsubishi Electric Business Overview
7.1.3 Mitsubishi Electric AC Adjustable Speed Drives Major Product Offerings
7.1.4 Mitsubishi Electric AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.1.5 Mitsubishi Electric Key News
7.2 Siemens
7.2.1 Siemens Corporate Summary
7.2.2 Siemens Business Overview
7.2.3 Siemens AC Adjustable Speed Drives Major Product Offerings
7.2.4 Siemens AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.2.5 Siemens Key News
7.3 Toshiba
7.3.1 Toshiba Corporate Summary
7.3.2 Toshiba Business Overview
7.3.3 Toshiba AC Adjustable Speed Drives Major Product Offerings
7.3.4 Toshiba AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.3.5 Toshiba Key News
7.4 ABB
7.4.1 ABB Corporate Summary
7.4.2 ABB Business Overview
7.4.3 ABB AC Adjustable Speed Drives Major Product Offerings
7.4.4 ABB AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.4.5 ABB Key News
7.5 Schaffner
7.5.1 Schaffner Corporate Summary
7.5.2 Schaffner Business Overview
7.5.3 Schaffner AC Adjustable Speed Drives Major Product Offerings
7.5.4 Schaffner AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.5.5 Schaffner Key News
7.6 Danfoos
7.6.1 Danfoos Corporate Summary
7.6.2 Danfoos Business Overview
7.6.3 Danfoos AC Adjustable Speed Drives Major Product Offerings
7.6.4 Danfoos AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.6.5 Danfoos Key News
7.7 Yaskawa Electric
7.7.1 Yaskawa Electric Corporate Summary
7.7.2 Yaskawa Electric Business Overview
7.7.3 Yaskawa Electric AC Adjustable Speed Drives Major Product Offerings
7.7.4 Yaskawa Electric AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.7.5 Yaskawa Electric Key News
7.8 WEG
7.8.1 WEG Corporate Summary
7.8.2 WEG Business Overview
7.8.3 WEG AC Adjustable Speed Drives Major Product Offerings
7.8.4 WEG AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.8.5 WEG Key News
7.9 Johnson Controls
7.9.1 Johnson Controls Corporate Summary
7.9.2 Johnson Controls Business Overview
7.9.3 Johnson Controls AC Adjustable Speed Drives Major Product Offerings
7.9.4 Johnson Controls AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.9.5 Johnson Controls Key News
7.10 Power Systems International（PSI）
7.10.1 Power Systems International（PSI） Corporate Summary
7.10.2 Power Systems International（PSI） Business Overview
7.10.3 Power Systems International（PSI） AC Adjustable Speed Drives Major Product Offerings
7.10.4 Power Systems International（PSI） AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.10.5 Power Systems International（PSI） Key News
7.11 Rockwell Automation
7.11.1 Rockwell Automation Corporate Summary
7.11.2 Rockwell Automation AC Adjustable Speed Drives Business Overview
7.11.3 Rockwell Automation AC Adjustable Speed Drives Major Product Offerings
7.11.4 Rockwell Automation AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.11.5 Rockwell Automation Key News
7.12 Fuji Electric
7.12.1 Fuji Electric Corporate Summary
7.12.2 Fuji Electric AC Adjustable Speed Drives Business Overview
7.12.3 Fuji Electric AC Adjustable Speed Drives Major Product Offerings
7.12.4 Fuji Electric AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.12.5 Fuji Electric Key News
7.13 Hitachi
7.13.1 Hitachi Corporate Summary
7.13.2 Hitachi AC Adjustable Speed Drives Business Overview
7.13.3 Hitachi AC Adjustable Speed Drives Major Product Offerings
7.13.4 Hitachi AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.13.5 Hitachi Key News
7.14 Eaton
7.14.1 Eaton Corporate Summary
7.14.2 Eaton Business Overview
7.14.3 Eaton AC Adjustable Speed Drives Major Product Offerings
7.14.4 Eaton AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.14.5 Eaton Key News
7.15 Franklin Control Systems
7.15.1 Franklin Control Systems Corporate Summary
7.15.2 Franklin Control Systems Business Overview
7.15.3 Franklin Control Systems AC Adjustable Speed Drives Major Product Offerings
7.15.4 Franklin Control Systems AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.15.5 Franklin Control Systems Key News
7.16 Parker
7.16.1 Parker Corporate Summary
7.16.2 Parker Business Overview
7.16.3 Parker AC Adjustable Speed Drives Major Product Offerings
7.16.4 Parker AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.16.5 Parker Key News
7.17 Schneider Electric
7.17.1 Schneider Electric Corporate Summary
7.17.2 Schneider Electric Business Overview
7.17.3 Schneider Electric AC Adjustable Speed Drives Major Product Offerings
7.17.4 Schneider Electric AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.17.5 Schneider Electric Key News
7.18 Invertek Drives
7.18.1 Invertek Drives Corporate Summary
7.18.2 Invertek Drives Business Overview
7.18.3 Invertek Drives AC Adjustable Speed Drives Major Product Offerings
7.18.4 Invertek Drives AC Adjustable Speed Drives Sales and Revenue in Global (2017-2022)
7.18.5 Invertek Drives Key News
8 Global AC Adjustable Speed Drives Production Capacity, Analysis
8.1 Global AC Adjustable Speed Drives Production Capacity, 2017-2028
8.2 AC Adjustable Speed Drives Production Capacity of Key Manufacturers in Global Market
8.3 Global AC Adjustable Speed Drives Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 AC Adjustable Speed Drives Supply Chain Analysis
10.1 AC Adjustable Speed Drives Industry Value Chain
10.2 AC Adjustable Speed Drives Upstream Market
10.3 AC Adjustable Speed Drives Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 AC Adjustable Speed Drives Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
AC Adjustable Speed Drives Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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