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Low Voltage Drives Market Share

  • Report ID: GMI4148
  • Published Date: Jul 2024
  • Report Format: PDF

Low Voltage Drives Market Share

The low voltage drives (LVD) industry is characterized by intense rivalry due to several factors including market saturation, technological advancements, and the presence of numerous key players. Companies continuously invest in R&D to develop more efficient and advanced LVDs differentiating their products by offering unique features, such as enhanced energy efficiency, user-friendly interfaces, and robust designs for harsh environments.
 

Moreover, the key industry players consisting of ABB, Siemens, Yaskawa Electric, Danfoss, Eaton, and Rockwell Automation, Inc, among others have gained a strong foothold backed by the by technological innovation, pricing strategies, and a focus on customer service.
 

Low Voltage Drives Market Companies

The key market players operating across the industry consist of:

  • ABB
  • Beckhoff Automation
  • Bosch Rexroth AG
  • CG Power & Industrial Solutions Ltd.
  • Danfoss
  • Eaton
  • Emerson Electric Co.
  • Fuji Electric Co., Ltd.
  • GE
  • Hiconics Eco-energy Technology Co., Ltd.
  • Hitachi, Ltd.
  • Honeywell International Inc.
  • Johnson Controls
  • Mitsubishi Electric Corporation
  • NIDEC CORPORATION
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens
  • WEG
  • YASKAWA ELECTRIC CORPORATION
Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market size for low voltage drives was USD 19.2 billion in 2023 and is anticipated to observe 4.3% CAGR through 2032 owing to the significantly rising investments across public & private verticals to boost the energy-efficiency.

The low voltage drives industry size from the 7.5 kW - < 22 kW rating segment will surpass USD 7.5 billion by 2032 owing to the escalating demand for reliable, high-performance drives, across different building infrastructure along with industrial operations

Asia Pacific market size is projected to surpass USD 13 billion by 2032 led by continuous product innovations driven by technological expansion in the electrical infrastructure

ABB, Beckhoff Automation, Bosch Rexroth AG, CG Power & Industrial Solutions Ltd., Danfoss, Eaton Emerson Electric Co., Fuji Electric Co., Ltd., and GE

Low Voltage Drives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 50
  • Countries covered: 26
  • Pages: 120
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