Emerging Applications of AC Drives in Electric Vehicles and Renewable Energy
Market Analysis
The global AC drives market size was valued at US$ 20.9 Billion in 2022 and is expected to reach US$ 35.22 Billion by 2032, exhibiting a CAGR of 5.97% during 2023-2032.
AC drives, also known as variable frequency drives (VFDs), are devices that control the speed and torque of AC motors. They are used in a wide range of industries, including oil and gas, power generation,...