Low Voltage Drives Market
Low Voltage Drives Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Low Voltage Drives Market Size and Growth
The Low Voltage Drives market is experiencing significant growth, driven by increasing demand for energy efficiency and automation across industries. The global market size is projected to reach approximately $25 billion by 2025, with a compound annual growth rate (CAGR) of around 6%. Market conditions reflect strong technological advancements and rising industrial investments.
Companies Covered
(Covid 19 Impact Covered)
◍ 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.
The Low Voltage Drives Market features major players like ABB Ltd., Schneider Electric, and Siemens Ltd., focusing on energy efficiency and automation. Companies like Danfoss and YASKAWA leverage innovative technologies to enhance performance, driving market growth. Sales revenues of select companies include:
- ABB: $28 billion
- Siemens: $66 billion
- Schneider Electric: $30 billion
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Market Segmentation
By Application
Food and Beverage
Manufacturing
Water & Wastewater ◍ Commercial HVAC ◍ Power Generation ◍ Metallurgy ◍ Infrastructure ◍ Automotive
By
Product
◍ 0.75 - 2.1 kW
2.2 - 7.4 kW
7.5 - 45 kW
46 - 75 kW
76 - 110 kW
111 - 375 kW
Above 375 kW
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Market Growth
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$ 19.40 Billion
