Press release
Low Voltage AC Drives Market to Discern Steadfast Expansion During 2029
Global Low Voltage AC Drives Market: IntroductionAC Drives is the electronic device that fluctuates the frequency of the electric motor to regulate the speed, the voltage in a circuit, and the magnetic flux. The low voltage ac drives are used for low voltage operation in varied manufacturing industries, commercial buildings, and among others. The low voltage ac drives provide motion, torque, and speed control for equipment such as compressors, fans, pumps, conveyors, printing machinery, centrifuges, mixers, cranes, and textile machines.
Increasing government initiatives to conserve electricity through energy efficiency norms are further expected to spur the growth of the market in the region. At the end-use industry level, the oil & gas industry expected to have fast growth potential for low voltage ac drives market
Get Brochure of the Report @https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6511
Global Low Voltage AC Drives Market: Segmentation
Globally, the low voltage ac drives market can be segmented on the basis of power rating, application type, and end-use industry
Based on the Power Rating, the global low voltage ac drives market can be segmented into,
High Power Drives
Medium Power Drives
Low Power Drives
Based on the Application Type, the global low voltage ac drives market can be segmented into,
Pumps
Extruders
Fans
Conveyors
Compressor
Other application
Based on the End-Use Industry, the global low voltage ac drives market can be segmented into,
Oil & Gas
Power generation
Water & wastewater
Metals & Mining
Building Automation
Chemicals & Petrochemicals
Food & Beverage
Other industries
Global Low Voltage AC Drives Market: Dynamics
Low voltage ac drives market is gaining high demand due to its low energy consumption, low production cost, and rapid growth in industrialization and urbanization. Also, increasing government regulation for obtaining energy efficiency expected to drive the market of low voltage ac drives. Low voltage ac drives reduce the wear and tear of mechanical components, thus reducing the downtime required for maintenance and repair of low voltage ac drives. The low voltage ac drive has low cost as compared to its high voltage ac drives which gain the high attraction of customers towards the product.
Due to unstable scenario of the oil and gas industry mainly in the past few years and increasing protectionism, low voltage ac drives market growth include a decline in foreign direct investments (FDIs). This is expected to restrain the growth of low voltage ac drives market to some extent.
COVID-19 Impact:
As the coronavirus pandemic infected and spread through countries, it affected the global economy right from production to service industries. The pandemic force government to shut down the commercial and educational sector for a specific time period. This rising unemployment of the people working in the industry, restaurant and other places, lower the industrial output, disturb supply chain. COVID-19 expected to have a negative impact on the global market of low voltage ac drives. However, the impact of COVID-19 estimated to recover the industrial activity by the end of the year.
Global Low Voltage AC Drives Market: Regional Outlook
Asia Pacific region is expected to have a high demand for low voltage ac drives market and anticipated to be the most notable contributor for the market growth. Increasing industrialization and urbanization estimated to fuel the growth of low voltage ac drives market in the Asia Pacific region. At the country level, China, Japan, and India expected to be major contributors to the increasing demand for low voltage ac drives. Europe is expected to follow by the Asia Pacific region in the low voltage ac drives market. North America has a big market player in the low voltage ac drives market as compared to other regions and representing ample opportunity for the growth of the market. Latin America and Middle East & Africa (MEA) region estimated to have comparatively less share in the global low voltage ac drives market.
To get Incredible Discounts on this Premium Report, Click Here @https://www.tmrresearch.com/sample/sample?flag=D&rep_id=6511
Global Low Voltage AC Drives Market: Market Participants
The key manufacturer involved low voltage ac drives market are focusing on acquisition and joint venture with other local players. For instance, Danfoss Group, Europe based manufacturer of ac drives, acquired Vacon, a manufacturer of variable-speed AC drives.
Some of the key players involved in the low voltage ac drives market include Rockwell Automation, Inc., Yaskawa Electric Corporation, Schneider Electric SE, Honeywell Automation, Siemens AG, Amtech Electronics India Ltd., Hitachi Hi-Rel Power Electronics Pvt. Ltd., TMEIC, Fuji Electric Co., Ltd., Spartan Controls Ltd., Danfoss Group, ABB LTD., TECO Electric Europe Ltd., US Drives, Inc., Mitsubishi Electrical Co., and among others.
The research report presents a comprehensive assessment of the low voltage ac drives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to low voltage ac drives market segments such as power rating, application type, and end-use industry.
The report covers exhaustive analysis on:
Low Voltage AC Drives Market Segments
Low Voltage AC Drives Market Dynamics
Low Voltage AC Drives Market Size
Low Voltage AC Drives Market Volume Sales
Low Voltage AC Drives Market Adoption Rate
Low Voltage AC Drives Market Current Trends/Issues/Challenges
Low Voltage AC Drives Market Competition & Companies involved
Low Voltage AC Drives Market Value Chain
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on low voltage ac drives market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected low voltage ac drives market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on low voltage ac drives market performance
Must-have information for low voltage ac drives market players to sustain and enhance their market footprint
Request For TOC @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=6511
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Low Voltage AC Drives Market to Discern Steadfast Expansion During 2029 here
News-ID: 2299302 • Views: …
More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction
A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are…

Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot
The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030.
The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute…

Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot
The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030.
The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to…

Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot
Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation…
More Releases for Drives
External Solid State Drives Market
External Solid State Drives Market Overview
External Solid State Drives operate identically to internal SSDs, both work with memory and processors to access and store data for long-term use. SSDs use a grid of electrical cells to send and receive stored data, operating just like flash drives.
This report provides a deep insight into the global External Solid State Drives market covering all its essential aspects. This ranges from a macro overview…
Hard Disk Drives Market
Hard Disk Drives Market During the forecast period, the Hard Disk Drive (HDD) market is anticipated to expand at a CAGR of roughly 8.8%. Enterprises' increasing demand for data storage on flash drives and Solid State Drives, as well as their increasing use of desktop HDDs, portable HDDs, and network-attached storage HDDs to store software, operating systems, and other programs, are anticipated to fuel the market's expansion.
Hard disc drives (HDDs)…
Robot Drives Market Leading Trends 2019 | Bosch Rexroth, Ingenia Motion Control, …
Global Robot Drives Market Research Report 2019-2025 introduces a detailed examination of the Robot Drives market covering segments and sub-sections of the market, product types, advancements, applications, industry verticals, areas that are expected to command the estimated forecast period from 2019 to 2025. The report analyzes top regions of the world and countries along with the status of regional development, consisting of volume, size, market value, and price data. The…
Slew Drives Market | Multiplicity of Usage for Slew Drives Drive the Market Grow …
The global demand for automobiles has paved way for the growth of the global slewing drives market. Slewing drives are amongst the most utilitarian parts of turbine engines and cranes. The high load-bearing capacity of these drives has given an impetus to the growth of the market players. Furthermore, there is no contention about the historic use of these drives in several industries such as automobiles, aerospace, and defense. The…
Global HVAC Drives Market Forecast 2018-2025 ABB, Siemens, Danfoss Drives, Schne …
Recently added detailed market study "Global HVAC Drives Market" examines the performance of the HVAC Drives market 2018. It encloses an in-depth Research of the HVAC Drives market state and the competitive landscape globally. This report analyzes the potential of HVAC Drives market in the present and the future prospects from various angles in detail.
The Global HVAC Drives Market 2018 report includes HVAC Drives market Revenue, market Share, HVAC Drives…
Global Robot Drives Sales Market 2017 - Bosch Rexroth, Ingenia Motion Control, R …
Report studies Robot Drives Sales in Global market that focuses on the top Manufacturers, Market Segment by Countries, Split by Product Types (with sales, revenue, price, market share of each type), Split by applications this report focuses on sales, market share and growth rate of Robot Drives Sales in each application.
Request For Sample Report @ http://www.fiormarkets.com/report-detail/65823/request-sample
The report Global Robot Drives Sales Industry provides a comprehensive analysis of the Robot Drives…