Low Voltage Drives Market Size, Development Trends, Competitive Landscape and Key Regions 2028 Low Voltage Drives Market size 2022-2028 report, added by Global Market Insights, unveils the current & future growth trends of this business sphere in addition to outlining details regarding the myriad geographies that form a part of the regional spectrum of Low Voltage Drives Market. Intricate details about the supply & demand analysis, contributions by the top players, and market share growth statistics of the industry are also elucidated in the report. The low voltage drives market is anticipated to grow significantly by 2028 on account of rapid industrialization and escalating demand for efficient energy solutions globally. Increasing investments towards infrastructure development and rising focus on innovating sustainable and energy efficient solutions, along with prominent technological advances in the sector, are some key drivers fueling low voltage drives market growth. The 2.2 - 7.4 kW rated capacity segment is expected to grow at a CAGR of over 4% through the analysis period. The 7.5 - 22 kW rated capacity segment held a sizeable valuation of around USD 2 billion in 2020 and is foreseen to expand at a stable pace through 2028. The 23 - 75 kW rated capacity segment is expected to reach a valuation of over USD 2 billion by the end of 2028. The 76 - 110 kW rated capacity segment is projected to grow at above 3% CAGR over the review period. In terms of drive, the low voltage drives market has been divided into AC, DC, and servo. The AC drive segment has further been segregated into IE 1, IE 2, IE 3, and IE 4. In 2020, the IE 1 AC drive segment amassed a revenue of around USD 2 billion and is slated to gather a considerable market share by the end of 2028. The IE 2 AC drive segment is anticipated to expand at a CAGR of over 5% through the study timeframe. By system, the market has been segmented into open loop and closed loop. The open loop system segment exceeded a valuation of USD 10 billion in 2020. Meanwhile, the closed loop system segment is calculated to register a CAGR of approximately 5% over the forecast period. On the basis of application, the low voltage drives market has been divided into pump, fan, conveyer, compressor, and extruder. The pump application segment was valued at about USD 3 billion in 2020. The fan application segment is calculated to grow at a CAGR of over 3% through the projected timeline. Partial Table of Contents (ToC) of the report: Chapter 4 Low Voltage Drives Market, By Power Range 4.1 Low voltage drives market share by power range, 2020 & 2028 4.2 Micro 4.2.1 Global market from micro, 2022 - 2028 4.2.2 Global market from micro, by region, 2022 – 2028 4.3 Low 4.3.1 Global market from low, 2022 - 2028 4.3.2 Global market from low, by region, 2022 – 2028 Chapter 5 Low Voltage Drives Market, By Capacity 5.1 Low voltage drives market share by capacity, 2020 & 2028
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