Low Voltage AC Drives Market Analysis

Low Voltage AC Drives Market Analysis

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Low power range segment is anticipated to grow over USD 13.5 billion by 2032, designed for controlling small AC motors in low-power applications with a power range of up to few kilowatts. These drives make common use in compact machinery like pumps, fans, and conveyors with the compact size which makes it ideal for space-constrained environments, and to initiate it user-friendly easy installation and quick programming. These drives offer precise speed control, optimizing energy efficiency and reducing equipment wear. Additionally, the benefits include soft starting and stopping capabilities, which contribute to extending the lifespan of mechanical components will boost the low voltage drives industry landscape.
 

Based on efficiency class, IE 2 is expected to surpass a CAGR of over 6% till 2032, offering progressively higher energy efficiency and it operates at around half efficiency. It is suitable for applications where energy savings are mandated by government regulations for new LV AC drive installations. It reduces energy consumption and premium efficiency class and is increasingly adopted in new installations with stringent energy requirements. It provides the highest efficiency, making it the optimal choice for new installations where they maximize energy conservation and minimizing operational expenses.
 

U.S. low voltage AC drives market is set to grow over USD 3 billion by 2032, driven by expanding applications in various sectors including industrial automation and renewable energy. Additionally, positive outlook by the federal and state administrations to strengthen the grid stability and minimize the energy intake across industrial and commercial settings will further boost the industry size. For instance, the American Council for an Energy-Efficient Economy (ACEEE) confirmed it objective to mitigate its carbon footprint to one-third as compared to 2019 along with ensuring industrial operations to utilize strategic energy management by the target year of 2030. Moreover, the increasing demand across automation sector coupled with the ongoing investment for industrialization will shape the North America AC drives industry size.