Press release
Low Voltage Drives arket Analysis, Segments, Growth and Value Chain 2022
View Report Preview:
https://www.transparencymarketresearch.com/low-voltage-drives-market.html
Over the coming years, players are anticipated to shift their focus towards expanding their geographical reach to gain new customers. Rockwell Automation, YASKAWA Electric, Nidec Control Techniques, General Electric, Schneider Electric, ABB, and Siemens are some of the key low voltage drives vendors mentioned in this report.
Need for Energy Intensifies Demand for Low Voltage Drives
“The worldwide market for low voltage drives is gaining substantially from the increasing need for energy across the world,” says a TMR analyst. Further, the market is also benefiting from the need of manufacturers to optimize their production procedures and control operational costs by decreasing the consumption of energy. The widening application base of low voltage drives in a number of industries is likely to support the growth of this market considerably in the years to come.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30848
The growth prospects in this market are impelled by the rising preference for electric drives among consumers in various household appliances, aerospace vehicles, automobiles, industrial applications, and several other transportation equipment over hydraulic and mechanical drives. The increasing usage of smart sensors in low voltage drives is also projected to boost this market over the next few years.
Global Low Voltage Drives Market to Report 5.60% CAGR between 2017 and 2022
According to TMR, the global market for low voltage drives will reach U$16.5 bn by 2017. Researchers estimate the opportunity in this market to expand at a CAGR 5.60% during the period from 2017 to 2022 and rise to US$21.6 bn by the end of the forecast period. The demand for IE 2 and IE 3 has been relatively higher than their other counterparts, thanks to the increasing awareness about their specific features, such as corrosion resistance. The automotive and electronics industries are expected to report a significantly high demand for low voltage drives in the near future. The increasing trend of green energy is considered to be the main factor behind this growth.
Request Brochure of the Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30848
With a share of more than 30%, Asia Pacific excluding Japan has surfaced as the key regional market for low voltage drives across the world due to the continual rise in the need for energy in this region. The regional market is anticipated to retain its dominance over the period of the forecast on the grounds of the ongoing industrial developments in China and India.
The review is based on a report by Transparency Market Research (TMR), titled “Low Voltage Drives Market (Efficiency Class - IE 1 Low Voltage Drives, IE 2 Low Voltage Drives, IE 3 Low Voltage Drives, IE 4 Low Voltage Drives, and DC Low Voltage Drives; Sector - F&B Manufacturing, Water & Wastewater, Commercial HVAC, Power Generation, Metallurgy, Infrastructure, Automotive, Shipbuilding and Marine, and Textile; Capacity - 0.75 - 2.1 kW, 2.2 - 7.4 kW, 7.5 - 45 kW, 46 - 75 kW, 76 - 110 kW, 111 - 375 kW, and > 375 kW) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2022.”
Request to Buy Research Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=30848<ype=S
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
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 Drives arket Analysis, Segments, Growth and Value Chain 2022 here
News-ID: 819555 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Voltage
Line Voltage And Low Voltage 12v 24v Lighting Market Size Analysis by Applicatio …
USA, New Jersey- According to Market Research Intellect, the global Line Voltage And Low Voltage 12v 24v Lighting market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The line voltage and low voltage (12V and 24V) lighting market is experiencing steady growth due to increasing demand…
Low Voltage and Medium Voltage Switchgear Market 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
The global…
US Low Voltage and Medium Voltage Switchgear Market Share 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
Read Report…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Line Voltage and Low Voltage (12v/ 24v) Lighting Market 2022 | Detailed Report
The Line Voltage and Low Voltage (12v/ 24v) Lighting market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Line Voltage and Low Voltage (12v/ 24v) Lighting report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The…
