Albany, NY -- (SBWIRE) -- 12/11/2017 -- ?Alternate Current (AC) drive is a part of an electric drive used to control the speed and direction of an AC motor by varying the magnetic flux, frequency, and voltage in a motor circuit. It relies on frequency and voltage of the motor power supply. This drive is widely used to regulate and control electrical devices such as fans, conveyors and pumps, compressors, and extruders. AC drive is a key component of any infrastructure development and operation. It is used extensively in manufacturing and food & beverages industries. Furthermore, AC drive plays a vital role in hybrid industries, as it helps provide an efficient way to combine conventional energy sources and energy storages to create total energy management solutions. The global AC drives market is expected to expand significantly during the forecast period due to the increase in industrialization and urbanization, new road construction, rise in demand for modern infrastructure, and growth in airport facilities. This is anticipated to drive the demand for products from the metals & mining, cement and glass, and oil & gas industries.