According to IMARC Group, the global AC drives market reached USD 26.3 billion in 2024 and is anticipated to expand to USD 41.8 billion by 2033, with a 5.3% CAGR during 2025-2033. Asia-Pacific dominated the market, holding a 31.9% share in 2024, fueled by growing adoption of energy-efficient systems, rapid industrial growth, IoT advancements, Industry 4.0 innovations, and government m... https://www.imarcgroup.com/ac-drives-market