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United States Low Voltage (LV) Inverters Market in Oil & Gas Industry to Reach US$ 1,164.1 Million by 2031

01-28-2025 11:11 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Astute Analytica

United States Low Voltage (LV) Inverters Market in Oil & Gas

๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘บ๐’†๐’• ๐’‡๐’๐’“ ๐‘น๐’๐’ƒ๐’–๐’”๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’˜๐’Š๐’•๐’‰ ๐’‚ ๐‘ช๐‘จ๐‘ฎ๐‘น ๐’๐’‡ 5.5% ๐‘ถ๐’—๐’†๐’“ ๐’•๐’‰๐’† ๐‘ญ๐’๐’“๐’†๐’„๐’‚๐’”๐’• ๐‘ท๐’†๐’“๐’Š๐’๐’… 2023-2031

The ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐‹๐จ๐ฐ ๐•๐จ๐ฅ๐ญ๐š๐ ๐ž (๐‹๐•) ๐ˆ๐ง๐ฏ๐ž๐ซ๐ญ๐ž๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐จ๐ข๐ฅ & ๐ ๐š๐ฌ ๐ฌ๐ž๐œ๐ญ๐จ๐ซ, valued at ๐”๐’$ ๐Ÿ•๐Ÿ๐Ÿ—.๐Ÿ– ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, is poised for significant growth, with projections estimating a market size of ๐”๐’$ ๐Ÿ,๐Ÿ๐Ÿ”๐Ÿ’.๐Ÿ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. The market is expected to expand at a steady ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ“.๐Ÿ“% during the forecast period 2023 to 2031, driven by advancements in automation and increasing demand for energy-efficient technologies.

๐’๐ž๐œ๐ฎ๐ซ๐ž ๐˜๐จ๐ฎ๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: -https://www.astuteanalytica.com/request-sample/united-states-lv-inverters-market-oil-gas-industry

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The growth of the LV inverters market in the oil & gas sector is influenced by several critical factors:

๐‘๐ข๐ฌ๐ข๐ง๐  ๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ: With oil & gas companies increasingly focusing on operational efficiency, automation has become essential. LV inverters play a pivotal role in controlling and optimizing motor-driven processes, leading to improved productivity and cost savings.

๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ: The push for sustainable operations has compelled the industry to adopt energy-efficient technologies. LV inverters contribute by reducing energy consumption and minimizing operational costs, aligning with environmental regulations and sustainability goals.

๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐ˆ๐จ๐“: Integration of LV inverters with Industrial Internet of Things (IIoT) platforms allows for real-time monitoring and control, enhancing equipment reliability and reducing downtime.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐Œ๐จ๐๐ž๐ซ๐ง๐ข๐ณ๐ข๐ง๐  ๐ˆ๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž: The oil & gas industry's emphasis on modernizing infrastructure to meet the growing energy demand is driving the adoption of advanced LV inverter systems.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: North America, particularly the United States, remains a major contributor to the LV inverters market due to its robust oil & gas infrastructure and early adoption of technological advancements.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ: The increasing deployment of variable frequency drives (VFDs) in upstream, midstream, and downstream operations highlights the growing reliance on LV inverters for versatile applications.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค

The projected growth trajectory underscores the importance of LV inverters in achieving operational excellence in the oil & gas industry. With continued advancements in digitalization and automation, the market is expected to witness new opportunities, particularly in enhancing predictive maintenance and ensuring operational safety.

๐“๐จ๐ฉ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐‹๐• ๐ˆ๐ง๐ฏ๐ž๐ซ๐ญ๐ž๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐ญ๐ก๐ž ๐Ž๐ข๐ฅ ๐š๐ง๐ ๐†๐š๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

ABB Ltd.
Eaton Corporation PLC
Fuji Electric Co. Ltd.
Hitachi,
Hyosung Corporation
Inovance Technology Europe GmbH
Mitsubishi Electric Corporation
Powell Industries Inc.
Schneider Electric SE
Siemens AG
Toshiba Corporation
Other Prominent Player

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: -https://www.astuteanalytica.com/industry-report/united-states-lv-inverters-market-oil-gas-industry

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง
Upstream Operations
Gas Lift
Gas Gathering
Reinjection of Gas for Pressure Maintenance
Electric Submersible
Chemical Reinjection
Others
Midstream Operations
Gas Processing Operations
Transmission and Distribution System
Reducing the Gas Volume for Shipments or for Storage
Transportation and Storage of Petroleum & Petrochemical Products
Others
Downstream Operations
Heat Trains
Oil Transfer
Treating Cooling Water in the Processes
Others

๐๐ฒ ๐’๐ฎ๐›๐ฌ๐ญ๐š๐ญ๐ข๐จ๐ง๐ฌ
Outdoor
Indoor

๐๐ฒ ๐๐ฎ๐ฆ๐ฉ๐ฌ
Centrifugal Pumps
Reciprocating Pumps
Positive Displacement Pumps
Piston Pumps (Lift, Force Pump)
Rotary pumps (Coil, Gear or Wing Pump)
Diaphragm Pumps
Others

๐๐ฒ ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐จ๐ซ๐ฌ
Positive Displacement Compressor
Reciprocating Compressor (Diaphragm, Double and Single Acting)
Rotary Compressor (Lobe, Screw, Liquid Ring, Scroll, Vane)
Dynamic Compressor
Centrifugal Compressor
Axial Flow Compressor
Others

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ๐ฌ
Oil and Gas
Mining and Aggregate
Chemical and Petrochemical
Hoisting Machinery
Others

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐š๐ฅ๐ฎ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ: US$ 719.8 million

๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐š๐ฅ๐ฎ๐š๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ: US$ 1,164.1 million

๐‚๐€๐†๐‘ (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ): 5.5%

๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

While the market outlook is positive, challenges such as high initial investment costs and technical complexities in deployment may pose hurdles. However, the increasing demand for digital transformation and green energy solutions provides ample growth opportunities for key players in the market.

๐€๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

The oil & gas sector remains one of the largest users of LV inverters, driven by the need for reliable and efficient systems to manage critical processes. LV inverters ensure smooth operation of pumps, compressors, and other motor-driven applications, reducing energy consumption and maintenance costs.

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง

The United States Low Voltage (LV) Inverters Market in the oil & gas industry is set to witness remarkable growth over the coming years. With advancements in technology, rising demand for energy efficiency, and a focus on sustainability, the market presents significant opportunities for innovation and investment.

๐†๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐๐ž ๐’๐œ๐จ๐จ๐ฉ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž: -https://www.astuteanalytica.com/request-sample/united-states-lv-inverters-market-oil-gas-industry

๐€๐›๐จ๐ฎ๐ญ ๐€๐ฌ๐ญ๐ฎ๐ญ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐š:

Astute Analytica is a leading market research and consulting firm committed to providing organizations with actionable insights and data-driven strategies to thrive in dynamic markets. With a strong presence in both global and regional markets, we publish extensive industry reports, conduct targeted surveys, and offer custom consulting services tailored to meet specific client needs. Our expertise spans multiple sectors, including technology, healthcare, chemicals, manufacturing, energy, and more, making us a valuable partner for forward-thinking businesses.

๐†๐ž๐ญ ๐ข๐ง ๐ญ๐จ๐ฎ๐œ๐ก ๐ฐ๐ข๐ญ๐ก ๐ฎ๐ฌ
Phone number: +18884296757
Email: sales@astuteanalytica.com
Visit our website: https://www.astuteanalytica.com/

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