In 2024, the global AC drives market was valued at USD 26.3 Billion, with projections to reach USD 41.8 Billion by 2033, reflecting a CAGR of 5.3% from 2025-2033. Asia-Pacific dominates the market with a share of over 31.9%. The region’s growth is fueled by a strong demand for energy-efficient technologies, rapid industrial expansion, IoT developments, and stricter regulations. https://www.imarcgroup.com/ac-drives-market