May 28, 2024
AC drives Market size was valued at USD 24.22 Bn in 2023 and Low voltage AC drives revenue is expected to reach USD 49.23 Bn by 2032
The global AC Drives Market size was valued at USD 24.22 Billion in 2023 and is projected to reach USD 49.23 Billion by 2032, growing at a CAGR of 8.2% from 2024 to 2032. The AC drives market is experiencing robust growth propelled by increasing industrial automation across various sectors such as manufacturing, oil and…
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