AC Drives Market Analysis AC Drives Market is projected to be worth USD 32.51 billion, registering a CAGR of 5.97% during the forecast period (2022 - 2030), The market was valued at USD 19.15 billion in 2020. The AC drives market refers to the global market for AC (alternating current) drives, which are used to control the speed and torque of AC motors. AC drives are widely used in a...