Report overview
This report contains market size and forecasts of Low Voltage Drives in global, including the following market information:
Global Low Voltage Drives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Low Voltage Drives Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Low Voltage Drives companies in 2021 (%)
The global Low Voltage Drives market was valued at 15370 million in 2021 and is projected to reach US$ 18950 million by 2028, at a CAGR of 3.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
0.75-2.1 kW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Low Voltage Drives include ABB Ltd., Schneider Electric, Siemens Ltd, Rockwell Automation, Danfoss A/S, YASKAWA Electric Corp., SEW Eurodrive GMBH & Co.KG, Nidec Control Techniques Ltd. and KEB Automation KG and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Low Voltage Drives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Low Voltage Drives Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Low Voltage Drives Market Segment Percentages, by Type, 2021 (%)
0.75-2.1 kW
2.2-7.4 kW
7.5-45 kW
46-75 kW
76-110 kW
111-375 kW
Above 375 kW
Global Low Voltage Drives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Low Voltage Drives Market Segment Percentages, by Application, 2021 (%)
Food and Beverage
Manufacturing
Water & Wastewater
Commercial HVAC
Power Generation
Metallurgy
Infrastructure
Automotive
Global Low Voltage Drives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Low Voltage Drives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Low Voltage Drives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Low Voltage Drives revenues share in global market, 2021 (%)
Key companies Low Voltage Drives sales in global market, 2017-2022 (Estimated), (Units)
Key companies Low Voltage Drives sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB Ltd.
Schneider Electric
Siemens Ltd
Rockwell Automation
Danfoss A/S
YASKAWA Electric Corp.
SEW Eurodrive GMBH & Co.KG
Nidec Control Techniques Ltd.
KEB Automation KG
General Electric Co.
