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
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of low voltage drives is evaluated at USD 21.89 billion.
The low voltage drives market size was over USD 20.05 billion in 2024 and is poised to exceed USD 40.71 billion by 2037, witnessing over 5.6% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growth in waste water, growing demand for energy, rising production of plastic, and others.
Asia Pacific industry is likely to dominate majority revenue share by 2037, backed by growing population which is further boosting the demand for power generation infrastructure, along with growing investment in construction projects.
The major players in the market are Schneider Electric, 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
