As per IMARC Group, the global AC drives market achieved a valuation of USD 26.3 billion in 2024 and is poised to hit USD 41.8 billion by 2033, with a CAGR of 5.3% over 2025-2033. In 2024, Asia-Pacific led the market with over 31.9% share, spurred by the need for energy-efficient solutions, rapid industrial and urban growth, IoT integration, and progressive regulations driving technol... https://www.imarcgroup.com/ac-drives-market