Global AC Drives Market: Growth, Trends, and Future Outlook
Swatimmr27 Aug, 2024Technology
AC Drives Market size was valued US$ 21.39 Bn in 2022 and the total revenue is expected to grow at 6.85 % through 2023 to 2029, reaching US$ 34.01 Bn. The report has covered Country Market trends with a competitive landscape. AC drives supports in improving efficiency of the system, saving energy, & to reduce motor wear. Also, less maintenance, easy to use, & rising demand for motor applications is also the main factors enhancing the demand for AC drives through the globe.
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