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 SiC Ceramics Market Poised for Robust Growth, Projected to Reach USD 3.1 …
The global silicon carbide (SiC) ceramics market continues to demonstrate strong growth potential, underpinned by accelerating demand from advanced industrial and electronic applications. Valued at US$ 1.8 Billion in 2024, the market is projected to reach US$ 3.1 Billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2035. This steady expansion reflects the increasing importance of SiC ceramics as…
Furfuryl Alcohol Market to Reach USD 1.34 Billion by 2035, Supported by Rising D …
The global Furfuryl Alcohol Market was valued at US$ 624.3 million in 2024 and is projected to reach US$ 1,341.2 million by 2035, expanding at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035.
This growth is primarily driven by the rising demand for bio-based and sustainable chemicals, along with the steady expansion of the foundry and metal casting industry, particularly across emerging economies in Asia Pacific.
Gain a…
Air-Entraining Agents Market Outlook 2035: Forecast to Reach US$ 2.48 Billion by …
The global Air-Entraining Agents (AEAs) Market was valued at US$ 1.70 billion in 2024 and is projected to reach US$ 2.48 billion by 2035, expanding at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2035. This steady growth trajectory reflects the essential role AEAs play in modern concrete formulations, particularly in infrastructure projects that demand long-term durability, freeze-thaw resistance, and improved workability.
Despite being a mature segment within…
A2P SMS Market Outlook 2035: Expanding from US$ 71.2 Bn in 2024 to US$ 117.0 Bn …
The global Application-to-Person (A2P) SMS market is entering a phase of steady and resilient expansion, driven by the growing need for secure, reliable, and real-time communication between enterprises and consumers. Valued at US$ 71.2 Bn in 2024, the market is projected to reach US$ 117.0 Bn by 2035, expanding at a CAGR of 4.2% from 2025 to 2035. Despite the rise of internet-based messaging platforms, A2P SMS continues to maintain…
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…
