News Snapshot:
The global AC drives market is expected to grow during the forecast period as stated by Market Research Future (MRFR) majorly due to the regulations in energy efficiency. The global market is calculated to grow at CAGR of 7.05% during the forecast period of 2016 to 2023. A detailed analysis report of COVID-19 impact on AC Drives Market Size is provided with the report. AC drives are used to control the speed of an electric motor that are used in the electrical products. The speed of the motor is controlled by changing its frequency while the current is passed through...
