IMARC Group reports that the global AC drives market size was valued at USD 26.3 billion in 2024 and is expected to reach USD 41.8 billion by 2033, growing at a CAGR of 5.3% from 2025 to 2033. Asia-Pacific, accounting for over 31.9% of the market in 2024, remains at the forefront, driven by increased industrialization, urban development, IoT adoption, and stringent energy efficiency r... https://www.imarcgroup.com/ac-drives-market