Low Voltage Drives Market Size & Share, by Type (AC Drives, DC Drives, Servo Drives); End-user (Automotive, Oil & Gas, Chemical & Petrochemical, F&B, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper, HVAC, Discrete Industries) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4742
  • Published Date: Mar 20, 2023
  • Report Format: PDF, PPT

Companies Dominating the Low Voltage Drives Landscape

    • Schneider Electric
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rockwell Automation, Inc.
    • General Electric
    • Hitachi Hi-Rel Power Electronics Private Limited
    • Honeywell International, Inc.
    • Eaton
    • Emerson Electric Co.
    • CG Power & Industrial Solutions, Ltd.
    • Johnson Controls
    • Invertek Drives Far East Pte Ltd

Browse Key Market Insights with Data Illustration:


In The News

  • For condition-based monitoring of rotating equipment such pumps, motors, compressors, fans, blowers, and gearboxes, Honeywell International, Inc., has released the Versatilis Transmitters. In order to give intelligence that could increase safety, availability, and dependability across industries, Honeywell Versatilis Transmitters provide pertinent measurements of rotating equipment. A versatile device based on the low power, long range LoRaWAN protocol is the Honeywell Versatilis Transmitter. Manufacturers could deploy at scale with less capital and running expense owing to low power consumption and simple installation.

  • To assist industrial operators in the international IEC markets increase their output, safety, and energy performance, Rockwell Automation, Inc. added two extra PowerFlex variable frequency drives (VFDs) to the CENTERLINE 2500 low-voltage motor control centres (MCCs).

Author Credits:  Rushikesh, Richa Gupta

  • Report ID: 4742
  • Published Date: Mar 20, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growth in waste water, growing demand for energy, rising production of plastic, and others.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

High cost of low voltage drives, interruptions in supply chain logistics, and growing restriction of government for international trade are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Schneider Electric, Rockwell Automation, Inc., General Electric, Hitachi Hi-Rel Power Electronics Private Limited, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, end-user industry and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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