Low Voltage AC Drives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

LV drives control the motor speed and torque by shifting input frequency of electro-mechanical motors. These products account for power rating ranging from 500 kW, which differ output speed of the motor. Factors such as increase in awareness about the adoption of energy-efficient equipment is creating profitable opportunities for the low voltage ac drives market in the forecast period.

MARKET DYNAMICS

The growing infrastructural spending and increasing demand from automotive sector are driving the growth of the low voltage ac drives market. The high implementations cost may restrain the growth of the low voltage ac drives market. Furthermore, growth in industrialization and urbanization is anticipated to create market opportunities for the low voltage ac drives market during the forecast period.

MARKET SCOPE

The "Global Low Voltage AC Drives Market Analysis to 2031" is a specialized and in-depth study of the low voltage ac drives market with a special focus on the global market trend analysis. The report aims to provide an overview of the low voltage ac drives market with detailed market segmentation by application, end user, and geography. The global low voltage ac drives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading low voltage ac drives market players and offers key trends and opportunities in the low voltage ac drives market.

MARKET SEGMENTATION

The global low voltage ac drives market is segmented on the basis of application and end user. Based on application the market is segmented into the pump, fan, conveyor, compressor, and others. Based on end user the market is segmented into the oil and gas, power generation, food processing, mining and metals, automotive, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global low voltage ac drives market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The low voltage ac drives market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting low voltage ac drives market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the low voltage ac drives market in these regions.

MARKET PLAYERS

The reports cover key developments in the low voltage ac drives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from low voltage ac drives market are anticipated to lucrative growth opportunities in the future with the rising demand for low voltage ac drives market. Below mentioned is the list of few companies engaged in the low voltage ac drives market.

The report also includes the profiles of key low voltage ac drives market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  ABB Ltd.
  
•  Emerson Electric Co.
  
•  Fuji Electric Co. Ltd.
  
•  Hitachi Ltd.
  
•  Mitsubishi Electrical Corporation
  
•  Parker Hannifin Corporation
  
•  Rockwell Automation, Inc.
  
•  Schneider Electric SE
  
•  Siemens AG
  
•  Toshiba International Corporation.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Low Voltage AC Drives Report Scope