The global AC drives market, valued at USD 26.3 Billion in 2024, is anticipated to grow to USD 41.8 Billion by 2033, showing a 5.3% CAGR from 2025 to 2033. Asia-Pacific holds a major market share of over 31.9% in 2024. Key drivers of growth include the increasing need for energy-efficient solutions, fast-paced industrialization, advancements in IoT and Industry 4.0, and regulatory pre... https://www.imarcgroup.com/ac-drives-market