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Latin America Electric Drives Facts and Figures

Publisher Tanalyze Ltd.
Published Mar 04, 2024
Length 54 Pages
SKU # TAZ18593677

Description

Latin America Electric Drives Facts and Figures


The Latin America electric drives market is projected to grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2029, reaching a value of USD 544.8 million in 2029.

The Latin America electric drives market is categorized by product type, including AC drives, DC drives, and servo drives. In 2023, the AC drives segment dominated the market, with a projected valuation of USD 477.8 million by 2029. Additionally, the servo drives segment is expected to exhibit the highest CAGR of 2.7% during the forecast period from 2024 to 2029.

When considering the market size of the Latin America electric drives market in terms of revenue, specifically broken down by low-voltage electric drives and medium-voltage electric drives, the total revenue of the low-voltage electric drives segment is expected to reach USD 412.8 million in 2029, with a CAGR of 2.4% from 2024 to 2029.

The electric drives market in Latin America can be further divided into various industries including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The minerals segment is projected to reach USD 129.2 million by 2029, representing a CAGR of 1.9% over the forecast period from 2024 to 2029. Additionally, the revenue of the discrete manufacturing segment is expected to grow at a CAGR of 2.8% to reach USD 47.9 million in 2029.

Key players in the Latin American electric drives market include WEG SA, Rockwell Automation, Inc., ABB, Ltd., Siemens AG, Danfoss A/S, Schneider Electric SE, Nidec Corporation, and Yaskawa Electric Corporation. According to a report by Tanalyze Ltd., these top eight companies collectively held a 90% share of the market in 2022, highlighting their significant influence within the industry.

This study aims to analyze the Latin America market for various segments of electric drives, including:

Product Type: AC Drives, DC Drives, and Servo Drives.

Voltage: Low-voltage Electric Drives and Medium-voltage Electric Drives.

End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.

Region: Brazil, Chile, Colombia, and Latin America.

Table of Contents

54 Pages
FIGURES AND TABLES
Part 1. Key Findings
Part 2. Scope and Methodology
Report Scope
Product Type
Voltage
End-User
Region
Research Methodology
Part 3. Electric Drives Market Overview
Summary
Introduction
Part 4. Latin America Electric Drives Market by Product Type
AC Drives Market by End-User
DC Drives Market by End-User
Servo Drives Market by End-User
Part 5. Latin America Electric Drives Market by Voltage
Part 6. Latin America Electric Drives Market by End-User
Part 7. Latin America Electric Drives Market by Region
Part 8. Competitive Analysis
Competition Overview
WEG SA
Business Overview
Contact Information
Rockwell Automation, Inc.
Business Overview
Contact Information
ABB, Ltd.
Business Overview
Contact Information
Siemens AG
Business Overview
Contact Information
Danfoss A/S
Business Overview
Contact Information
Schneider Electric SE
Business Overview
Contact Information
Nidec Corporation
Business Overview
Small Precision Motors
Contact Information
Yaskawa Electric Corporation
Business Overview
Contact Information
Disclaimer
FIGURES AND TABLES
Latin America Electric Drives Market, Net Growth, 2020-2029 (USD Million)
Latin America Electric Drives Market by Product Type, 2020-2029 (USD Million)
Latin America Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
Latin America AC Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America DC Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Electric Drives Market by Voltage, 2020-2029 (USD Million)
Latin America Electric Drives Market by Voltage, CAGR Historic and Forecast, 2020-2029
Latin America Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Electric Drives Market Share by Country, 2023
Latin America Electric Drives Market Share (%) by Competitors, 2022
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
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
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
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG 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
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

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