Top Insights from the AC Drive Market Report 2030: Trends and Strategies

The AC Drives Market is projected to reach USD 22.03 billion by 2030, growing at a CAGR of 5.0% from 2025 to 2030. Market growth is driven by rapid industrialization, which increases demand for variable frequency drives (VFDs) that enhance the efficiency and control of electric AC motors. VFDs are widely adopted due to their ability to precisely manage motor torque and speed.

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Key players in the VFDs market include ABB Ltd., Hitachi Ltd., Mitsubishi Electric Corporation, Siemens AG, Danfoss Group, Omron Corporation, Parker Hannifin Corp, Rockwell Automation, Yaskawa Electric Corporation, and Johnson Controls International PLC. These companies are leveraging strategies such as product launches and regional expansions to maintain market leadership and meet growing industrial requirements.

For instance, ABB introduced the ACH180 compact drive in February 2024 for HVACR systems, offering energy-efficient heating and cooling solutions. Parker Hannifin launched the AC15 and AC20 VFD series in August 2023 to support mid-range industrial applications such as fan, pump, and conveyor control. Additionally, Omron released the M1 Integrated Global AC Drives Solution in June 2023, providing flexible motor control, seamless system integration, and support for multiple communication protocols, addressing the demand for high-performance VFD solutions.