
Global Low-voltage Electric Drives Facts and Figures
Description
Global Low-voltage Electric Drives Facts and Figures
The global low-voltage electric drives market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 3.4% from 2024 to 2029, reaching a value of USD 11,512.6 million by the end of 2029. This market is segmented by product type into Low-voltage AC drives, Low-voltage DC drives, and Low-voltage servo drives. In 2023, the Low-voltage AC drives segment dominated the market, with a projected valuation of USD 9,656.7 million by 2029. Additionally, the Low-voltage servo drives segment is expected to demonstrate the highest CAGR of 4.0% during the forecast period from 2024 to 2029.
The global low-voltage electric drives market is further categorized into various sectors including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The discrete manufacturing segment is forecasted to reach USD 1,685.1 million by 2029, reflecting a CAGR of 4.2% between 2024 and 2029.
Geographically, Asia-Pacific emerged as the leading player in the global low-voltage electric drives market in 2023, closely followed by Europe and North America. The North American region is projected to achieve a valuation of USD 3,143.6 million by 2029, while the Asia-Pacific region is expected to exhibit a higher CAGR of 4.1% during the forecasted period from 2024 to 2029.
Key players in the global low-voltage electric drives market include Siemens AG, ABB, Ltd., Danfoss A/S, Schneider Electric SE, Shanghai Electric Group Co., Ltd., Toshiba Corporation, WEG SA, and Yaskawa Electric Corporation. According to Tanalyze Ltd.'s report, these top companies collectively held over 40% of the market share in 2022, underscoring their significant influence within the industry.
This study aims to analyze the global market for various segments of low-voltage electric drives, including:
Product Type: Low-voltage AC Drives, Low-voltage DC Drives, and Low-voltage Servo Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: North America (USA, Canada, and Mexico), Europe (Germany, Italy, Russia, United Kingdom, France, Poland, Sweden, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and Rest of Asia Pacific), Latin America (Brazil, Chile, Colombia, and Latin America), MEA (Saudi Arabia, UAE, Iran, Turkey, South Africa, and Rest of MEA).
Table of Contents
123 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Low-Voltage Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Global Low-Voltage Electric Drives Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Part 5. Global Low-Voltage Electric Drives Market by End-User
- Part 6. Global Low-Voltage Electric Drives Market by Region
- Part 7. North America Low-Voltage Electric Drives Market
- Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 8. Europe Low-Voltage Electric Drives Market
- Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 9. Asia Pacific Low-Voltage Electric Drives Market
- Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 10. Latin America Low-Voltage Electric Drives Market
- Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 11. MEA Low-Voltage Electric Drives Market
- Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 12. Competitive Analysis
- Competition Overview
- Siemens AG
- Business Overview
- Contact Information
- ABB, Ltd.
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Rockwell Automation, Inc.
- Business Overview
- Contact Information
- Nidec Corporation
- Business Overview
- Small Precision Motors
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- WEG SA
- Business Overview
- Contact Information
- Shanghai Electric Group Co., Ltd.
- Business Overview
- Contact Information
- Toshiba Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Global Low-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Global Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Global Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Global Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Low-voltage Electric Drives Market Share by Region, 2023
- Global Low-voltage Electric Drives Market by Region, 2020-2029 (USD Million)
- Global Low-voltage Electric Drives Market by Region, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- North America Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Low-Voltage Electric Drives Market Share by Country, 2023
- North America Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Europe Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Europe Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Electric Drives Market Share by Country, 2023
- Europe Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Asia Pacific Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Electric Drives Market Share by Country, 2023
- Asia Pacific Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Latin America Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Latin America Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Electric Drives Market Share by Country, 2023
- Latin America Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- MEA Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- MEA Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- MEA Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Low-Voltage Electric Drives Market Share by Country, 2023
- MEA Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Global Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG Revenue, by Region, 2022
- ABB, Ltd. Financial Overview (USD Million)
- ABB, Ltd. Revenue, by Type, 2022
- ABB, Ltd. Revenue, by Segment, 2022
- ABB, Ltd. Revenue, by Product, 2022
- ABB, Ltd. Revenue, by Region, 2022
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Schneider Electric SE Financial Overview (EUR Million)
- Schneider Electric SE Revenue, by Segment, 2022
- Rockwell Automation, Inc. Financial Overview (USD Million)
- Rockwell Automation, Inc. Revenue, by Segment, 2023
- Rockwell Automation, Inc. Revenue, by Type, 2023
- Rockwell Automation, Inc. Revenue, by Region, 2023
- Nidec Corporation Financial Overview (JPY Billion)
- Nidec Corporation Revenue, by Segment, 2023
- Nidec Corporation Revenue, by Region, 2023
- Nidec Corporation Small Precision Motors Revenue (JPY Billion)
- Yaskawa Electric Corporation Financial Overview (JPY Million)
- Yaskawa Electric Corporation Revenue, by Segment, 2023
- Yaskawa Electric Corporation Revenue, by Region, 2023
- WEG SA Financial Overview (BRL Million)
- WEG SA Revenue, by Region, 2022
- WEG SA Domestic Market Revenue, by Segment, 2022
- WEG SA International Market Revenue, by Region, 2022
- Shanghai Electric Group Co., Ltd. Financial Overview (CNY Billion)
- Shanghai Electric Group Co., Ltd. Revenue, by Segment, 2023
- Shanghai Electric Group Co., Ltd. Revenue, by Region, 2023
- Toshiba Corporation Financial Overview (JPY Million)
- Toshiba Corporation Revenue, by Region, 2023
- Toshiba Corporation Revenue, by Segment, 2023
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