Low Voltage Drives Market 2028 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

Low voltage drives are basically used for controlling and adjusting the torque, speed, acceleration, rotation direction, and deceleration of electric motors. The productive increase in the industrialization and the constant rise in the requirement for energy across the world has propelled the demand for low voltage drives in numerous industries, such as the oil and gas, mining, packaging, food and beverages, automotive, and others. Low voltage drives provide a solution for both high and low-power applications. These drives are often preferred owing to their smaller size, relatively lower cost, and better availability.

The increase in industrialization and urbanization in the emerging countries, rising trend in industrial automation, growing need for energy efficiency in the motors are the factors that are driving the growth of the market. Moreover, several features of low voltage drives, such as high safety levels, enhanced quality and productivity, positive energy balance, and low energy consumption, are also driving the growth of low voltage drives market considerably. Moreover, strict rules and policies attributing to motor efficacy and the upgradation and replacement of old equipment are anticipated to propel the demand for these drives in the near future.

The "Global Low Voltage Drives Market Analysis to 2028" is a specialized and in-depth study of the low voltage drives market with a focus on the global market trend. The report aims to provide an overview of the global low voltage drives market with detailed market segmentation by the products, power rating, industry vertical, and geography. The global low voltage drives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the low voltage drives market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global low voltage drives market based on the products, power rating, and industry vertical. It also provides market size and forecast till 2028 for overall Low voltage drives market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions. Also, key low voltage drives market players influencing the market are profiled in the study along with their SWOT analysis and market strategies.

The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the low voltage drives market are ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Inc., Danfoss GmbH, Yaskawa Electric Corporation, Fuji Electric Co., Ltd., Emerson Electric Co., and SEW-Eurodrive among others.