Low Voltage Drives Market to grow at 4.1% CAGR by 2025
Category: #business  By Deepak Pardhi  Date: 2019-09-13
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Low Voltage Drives Market to grow at 4.1% CAGR by 2025

Global Market Insights adds global Low Voltage Drives Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Growing demand for optimized energy, upsurge in electricity prices and introduction of energy efficiency norms & directives is set to positively impact the low voltage drives market share. Rising electricity consumption coupled with introduction of strict legislative mandates to endorse environment sustainability will complement the product installment. Ongoing research and development activities followed by enhancements in technology features along with growing investments toward organization across emerging countries is further projected to stimulate the industry landscape.

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Growing LV drives demand from small and medium enterprises coupled with an upsurge in retrofitting activities across commercial, residential and industrial establishments will strengthen the business scenario. In addition, rising focus toward the adoption of low energy systems owing to easy installation & compact size across O&G, food processing, power generation, textile and marine industry is set to encourage the industry growth.

The U.S. low voltage drives market will witness growth on account of adoption of LV units for reciprocating & centrifugal systems. These drives are suitable as a substitute of dampers, fixed speed controllers and valves further boosting the product adoption. Moreover, a significant rise in electricity prices along with mounting concerns pertaining to installation of sustainable and environment friendly units will strengthen the business landscape.

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In Low Voltage Drives Market Marine industry is anticipated to exceed an annual deployment of 1 million units by 2025. Increasing ship building activities specifically in China, Japan and South Korea coupled with rising cross-border trade will drive the product demand. Growing awareness toward energy efficiency and adoption of equipment with low operating & maintenance cost, high energy saving, and extended lifetime are some of the prime factors complementing the business outlook.

 Standard low voltage drives market is projected to witness growth on account of optimum cost and space consumption coupled with product versatility & flexibility pertaining motor speed control. The drive uses pulse width variation indicators with an aim to produce analog signals & determine the frequency variations in a particular timeframe. Increasing acceptance across application areas on account of their user-friendly nature; flexible, safe & reliable application and compact size will further stimulate the industry scenario.

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Growing demand from automation industry along with rising focus toward environment safety accompanied by an upsurge in demand for energy efficient equipment is anticipated to strengthen the product adoption. Moreover, increasing concerns toward work-time safety coupled with growing investments across the manufacturing facilities will complement the business landscape. Further, smooth reversing, long belt life, and dynamic speed & torque procedures will enhance the product adoption.

Makor industry players in low voltage drives market includes Honeywell, ABB, Johnson Controls, Schneider, CG Power, Siemens, Fuji Electric, WEG Electric, Yaskawa, Hiconics, Danfoss, Hitachi, Mitsubishi, Eaton, Emerson, and Rockwell Automation.

 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, 2018 & 2025

4.2 Micro drives

4.2.1 Global market from micro drives, 2014 - 2025

4.2.2 Global market from micro drives, by region, 2014 - 2025

4.3 Low drives

4.3.1 Global market from low drives, 2014 - 2025

4.3.2 Global market from low drives, by region, 2014 - 2025

Chapter 5 Low Voltage Drives Market, By Capacity

5.1 Low voltage drives market share by capacity, 2018 & 2025

5.2 <2.2 kW

5.2.1 Global market from <2.2 kW, 2014 - 2025

5.2.2 Global market from <2.2 kW, by region, 2014 - 2025

5.3 2.2-7.4 kW

5.3.1 Global market from 2.2-7.4 kW, 2014 - 2025

5.3.2 Global market from 2.2-7.4 kW, by region, 2014 - 2025

5.4 7.5-22 kW

5.4.1 Global market from 7.5-22 kW, 2014 - 2025

5.4.2 Global market from 7.5-22 kW, by region, 2014 - 2025

5.5 23-75 kW

5.5.1 Global market from 23-75 kW, 2014 - 2025

5.5.2 Global market from 23-75 kW, by region, 2014 - 2025

5.6 76-110 kW

5.6.1 Global market from 76-110 kW, 2014 - 2025

5.6.2 Global market from 76-110 kW, by region, 2014 - 2025

5.7 111-500 kW

5.7.1 Global market from 111-500 kW, 2014 - 2025

5.7.2 Global market from 111-500 kW, by region, 2014 - 2025

5.8 >500 kW

5.8.1 Global market from >500 kW, 2014 - 2025

5.8.2 Global market from >500 kW, by region, 2014 - 2025

 Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/low-voltage-drives-market

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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