Introduction: The size of the AC drives market was estimated at USD 20.9 billion in 2022. The industry is expected to increase at a compound annual growth rate (CAGR) of 5.97% from USD 22.15 billion in 2023 to USD 35.22 billion by 2032. Electric drives play a pivotal role in modern industrial applications, offering precise control over machinery and processes. Among the various types of...