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India AC Drives Market Share, Growth, Size, Report, Forecast: By Product Type: Low Voltage Drives, Medium Voltage Drives, Soft Starter; By Power Rating: Low Power Drives, Medium Power Drives, High Power Drives; By Application; By End Use; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2024-2032
India AC Drives Market Competitive Landscape
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.
India AC Drives Market Report Snapshots
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India AC Drives Market Analysis
8.1 India AC Drives Historical Market (2018-2023)
8.2 India AC Drives Market Forecast (2024-2032)
8.3 India AC Drives Market by Product Type
8.3.1 Low Voltage Drives
8.3.1.1 Historical Trend (2018-2023)
8.3.1.2 Forecast Trend (2024-2032)
8.3.2 Medium Voltage Drives
8.3.2.1 Historical Trend (2018-2023)
8.3.2.2 Forecast Trend (2024-2032)
8.3.3 Soft Starter
8.3.3.1 Historical Trend (2018-2023)
8.3.3.2 Forecast Trend (2024-2032)
8.4 India AC Drives Market by Power Rating
8.4.1 Low Power Drives
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium Power Drives
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 High Power Drives
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 India AC Drives Market by Application
8.5.1 Compressor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Conveyors
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Fans
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Extruders
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Pumps
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 India AC Drives Market by End Use
8.6.1 Transportation and Infrastructure
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Metal Processing
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chemical
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Solar System
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Power
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Oil and Gas
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 India AC Drives Market by Region
8.7.1 North India
8.7.2 East India
8.7.3 South India
8.7.4 West India
9 Regional Analaysis
9.1 North India
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 East India
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 South India
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 West India
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 India LV Drive System Market Analysis
10.1 India LV Drive System Historical Market (2018-2023)
10.2 India LV Drive System Market Forecast (2024-2032)
10.3 India LV Drive System Market by Type
10.4 India LV Drive System Market by Application
10.5 India LV Drive System Market by Rating
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 India Low Voltage AC Drive Market Share by Top 5 Players
12.3 India Medium Voltage AC Drive and Others Market Share by Top 5 Players
12.4 Company Profiles
12.4.1 ABB India Ltd
12.4.1.1 Company Overview
12.4.1.2 Product Portfolio
12.4.1.3 Demographic Reach and Achievements
12.4.1.4 Certifications
12.4.2 Siemens Limited
12.4.2.1 Company Overview
12.4.2.2 Product Portfolio
12.4.2.3 Demographic Reach and Achievements
12.4.2.4 Certifications
12.4.3 Danfoss A/S
12.4.3.1 Company Overview
12.4.3.2 Product Portfolio
12.4.3.3 Demographic Reach and Achievements
12.4.3.4 Certifications
12.4.4 Hitachi Hi-Rel Power Electronics Private Limited
12.4.4.1 Company Overview
12.4.4.2 Product Portfolio
12.4.4.3 Demographic Reach and Achievements
12.4.4.4 Certifications
12.4.5 Yaskawa India Private Limited
12.4.5.1 Company Overview
12.4.5.2 Product Portfolio
12.4.5.3 Demographic Reach and Achievements
12.4.5.4 Certifications
12.4.6 Rockwell Automation Inc.
12.4.6.1 Company Overview
12.4.6.2 Product Portfolio
12.4.6.3 Demographic Reach and Achievements
12.4.6.4 Certifications
12.4.7 Schneider Electric SE
12.4.7.1 Company Overview
12.4.7.2 Product Portfolio
12.4.7.3 Demographic Reach and Achievements
12.4.7.4 Certifications
12.4.8 Kirloskar Electric Company Ltd.
12.4.8.1 Company Overview
12.4.8.2 Product Portfolio
12.4.8.3 Demographic Reach and Achievements
12.4.8.4 Certifications
12.4.9 Amtech Electronics India Limited
12.4.9.1 Company Overview
12.4.9.2 Product Portfolio
12.4.9.3 Demographic Reach and Achievements
12.4.9.4 Certifications
12.4.10 Delta Electronics, Inc.
12.4.10.1 Company Overview
12.4.10.2 Product Portfolio
12.4.10.3 Demographic Reach and Achievements
12.4.10.4 Certifications
12.4.11 CG Power & Industrial Solutions Ltd.
12.4.11.1 Company Overview
12.4.11.2 Product Portfolio
12.4.11.3 Demographic Reach and Achievements
12.4.11.4 Certifications
12.4.12 Fuji Electric India Pvt Ltd
12.4.12.1 Company Overview
12.4.12.2 Product Portfolio
12.4.12.3 Demographic Reach and Achievements
12.4.12.4 Certifications
12.4.13 Shenzhen INVT Electric Co Ltd
12.4.13.1 Company Overview
12.4.13.2 Product Portfolio
12.4.13.3 Demographic Reach and Achievements
12.4.13.4 Certifications
12.4.14 Inovance Technology Pvt, Ltd
12.4.14.1 Company Overview
12.4.14.2 Product Portfolio
12.4.14.3 Demographic Reach and Achievements
12.4.14.4 Certifications
12.4.15 Mitsubishi Electric India Pvt. Ltd.
12.4.15.1 Company Overview
12.4.15.2 Product Portfolio
12.4.15.3 Demographic Reach and Achievements
12.4.15.4 Certifications
12.4.16 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India AC Drives Market: Key Industry Highlights, 2018 and 2032
2. India AC Drives Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. India AC Drives Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. India AC Drives Historical Market: Breakup by Power Rating (USD Million), 2018-2023
5. India AC Drives Market Forecast: Breakup by Power Rating (USD Million), 2024-2032
6. India AC Drives Historical Market: Breakup by Application (USD Million), 2018-2023
7. India AC Drives Market Forecast: Breakup by Application (USD Million), 2024-2032
8. India AC Drives Historical Market: Breakup by End Use (USD Million), 2018-2023
9. India AC Drives Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. India AC Drives Historical Market: Breakup by Region (USD Million), 2018-2023
11. India AC Drives Market Forecast: Breakup by Region (USD Million), 2024-2032
12. India LV Drives System Historical Market (USD Million), 2018-2023
13. India LV Drives System Market Forecast (USD Million), 2024-2032
14. India LV Drives System Market by Rating (USD Million), 2018-2028
15. India LV Drives System Market by Application (USD Million), 2018-2028
16. India LV Drives System Market by Type (USD Million), 2018-2028
17. India AC Drives Market Structure
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.
Analyst Review
The India AC drives market is being driven by the increased industrialisation and urbanisation and the rising energy demands. Aided by the growing focus on energy conservation solutions, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.93%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market can be distributed into low voltage drives, medium voltage drives and soft starter. On the basis of power rating, the market can be segmented into low power drives, medium power drives , and high power drives. Based on application, the market can be categorised into compressor, conveyors, fans, extruders, pumps, and others. On the basis of end use, the market can be segregated into transportation and infrastructure, metal processing, chemical, solar system, power, oil and gas, among others. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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