Home > Semiconductors & Electronics > Automation > Industrial Automation > Low Voltage Drives Market
Low Voltage Drives Market Share
- Report ID: GMI4148
- Published Date: May 2022
- Report Format: PDF
Low Voltage Drives Market Share
The major participants operating across the market include :
- Mitsubishi Electric Corporation
- ABB
- Siemens
- Beckhoff Automation
- Emerson Electric Co
- Eaton
- Hitachi, Ltd
- Johnson Controls
- NIDEC CORPORATION
- Honeywell International Inc
- Bosch Rexroth AG
- YASKAWA ELECTRIC CORPORATION
- Rockwell Automation, Inc
- WEG
- Schneider Electric
- Electric Co., Ltd
- Eco-energy Technology Co., Ltd
- CG Power & Industrial Solutions Ltd
- GE
- Danfoss
Inorganic growth ventures, mergers & acquisitions, and continuous technological advancements will shape the market trends.
Frequently Asked Questions (FAQ) :
The market size of low voltage drives exceeded USD 19.2 billion in 2023 and is expected to expand at a CAGR of 4.3% from 2024 to 2032 driven by the growing product integration for the regulation of AC-motor speed and torque in low and high-power applications.
The market size for closed loop system is rising due to the continuous retrofitting activities across industrial, residential, and commercial establishments.
The APAC market revenue was USD 7.5 billion in 2021 and is set to grow owing to favorable government incentives pertaining to the development of sustainable transport solutions.
Prominent companies in the market comprise Fuji Electric Co., Ltd., Honeywell International Inc., Danfoss, Bosch Rexroth AG, ABB, CG Power & Industrial Solutions Ltd., Johnson Controls, Eaton, Beckhoff Automation, and others.
Low Voltage Drives Market Scope
×
Get a free sample of
Low Voltage Drives Market
Inquiry Before Buying
Get special pricing options on this report
Request Sectional Data
Over 70% of our clients customize reports to fit their needs. Please tell us how you would like to customize yours
below