The global AC drives market, valued at USD 26.3 billion in 2024, is forecasted by IMARC Group to grow at a 5.3% CAGR, reaching USD 41.8 billion by 2033. Asia-Pacific held a market share exceeding 31.9% in 2024, attributed to rising demand for smart, energy-saving solutions, advancements in IoT and Industry 4.0, rapid urbanization, and supportive government policies. https://www.imarcgroup.com/ac-drives-market