The global AC drives market was valued at USD 26.3 Billion in 2024, and is expected to grow to USD 41.8 Billion by 2033, with a CAGR of 5.3% from 2025 to 2033. The Asia-Pacific region leads the market, accounting for over 31.9% of the share in 2024. Factors such as rising demand for energy-efficient solutions, industrialization, IoT advancements, and strict government regulations are ... https://www.imarcgroup.com/ac-drives-market