Key Insights
The global low-voltage electric drives market is experiencing robust growth, driven by the increasing automation across diverse industries and the rising demand for energy-efficient solutions. The market, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR of 4.30% and a plausible starting market size), is projected to witness a Compound Annual Growth Rate (CAGR) of 4.30% from 2025 to 2033. Key drivers include the expanding adoption of electric vehicles in the automotive sector, the automation push within manufacturing (particularly discrete industries), and the growing need for precise control systems in applications such as robotics and process automation within Oil & Gas, Chemical & Petrochemical, and Food & Beverage sectors. Technological advancements, such as the development of more efficient and compact drives with improved power electronics and digital control capabilities, further contribute to market expansion. Segment-wise, AC drives currently hold a significant market share, owing to their versatility and cost-effectiveness. However, the demand for servo drives is expected to increase rapidly due to their superior precision and control capabilities, particularly in applications requiring high accuracy and responsiveness. Geographically, North America and Europe currently dominate the market, but the Asia-Pacific region is projected to show significant growth in the coming years due to rapid industrialization and rising investments in infrastructure projects.
While the market outlook remains positive, certain restraints, such as the high initial investment costs associated with advanced drive systems and the need for specialized expertise for installation and maintenance, could pose challenges. Nevertheless, the long-term benefits in terms of energy savings, improved efficiency, and enhanced operational flexibility are expected to outweigh these challenges. The competitive landscape is characterized by the presence of both established global players like Rockwell Automation, ABB, Schneider Electric, and Siemens, and regional players specializing in niche applications. The market is likely to see increasing consolidation as companies strive for broader market reach and technological innovation. The forecast period of 2025-2033 presents significant opportunities for companies that can offer innovative solutions, strong customer support, and competitive pricing, catering to the specific needs of diverse end-user industries.

Unlock Growth Opportunities in the Booming Global Low Voltage Electric Drives Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Global Low Voltage Electric Drives Market, offering invaluable insights for stakeholders across the value chain. From market dynamics and leading players to emerging trends and future forecasts, this study covers all crucial aspects impacting this rapidly expanding sector. The report covers the period 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The market size is projected to reach xx Million by 2033, exhibiting a significant CAGR of xx%.
Global Low Voltage Electric Drives Market Market Dynamics & Concentration
The global low voltage electric drives market is characterized by a moderately concentrated landscape, with key players like Rockwell Automation, ABB Ltd, Schneider Electric, and Siemens AG holding significant market share. The market's dynamism is fueled by several factors:
- Innovation Drivers: Continuous advancements in power electronics, control algorithms, and energy efficiency technologies are driving product innovation and market expansion. The integration of IoT and AI capabilities is also reshaping the market landscape.
- Regulatory Frameworks: Stringent environmental regulations promoting energy efficiency and emission reduction are creating a strong impetus for adopting low voltage electric drives across various industries. Governments worldwide are increasingly incentivizing the adoption of energy-efficient technologies.
- Product Substitutes: While limited, alternative technologies like hydraulic and pneumatic systems still compete in niche segments. However, the superior efficiency, precision, and controllability of electric drives are driving their widespread adoption.
- End-User Trends: The rising automation and electrification trends across diverse sectors, especially in automotive, renewable energy, and industrial automation, are driving substantial demand. The increasing demand for energy-efficient solutions across various industries is boosting the growth of the market.
- M&A Activities: The market has witnessed a moderate number (xx) of mergers and acquisitions in recent years, indicating consolidation and strategic expansion by key players. These activities are primarily aimed at expanding product portfolios, strengthening market presence, and gaining access to new technologies. Market share consolidation through M&A is expected to continue.
Global Low Voltage Electric Drives Market Industry Trends & Analysis
The global low voltage electric drives market is experiencing robust growth, driven by several key factors:
The market is witnessing a substantial shift towards energy-efficient and smart drives, driven by increasing environmental concerns and the need for optimized operational efficiency. The integration of advanced technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), is enhancing the capabilities of low voltage electric drives, enabling predictive maintenance, real-time monitoring, and improved control. This technological disruption is transforming the market landscape, leading to increased adoption in various industries. The growing demand for automation across manufacturing, industrial processes, and infrastructure development is a significant growth catalyst. Consumer preferences are increasingly focused on energy efficiency, sustainability, and advanced features, further boosting market demand. The competitive dynamics are characterized by both intense rivalry among established players and the emergence of new entrants offering innovative solutions. This competitive landscape fosters innovation and drives down prices, benefiting end-users. The market is projected to witness a CAGR of xx% during the forecast period (2025-2033), with market penetration increasing significantly in developing economies.

Leading Markets & Segments in Global Low Voltage Electric Drives Market
The AC Drives segment dominates the market by type, accounting for xx Million in 2025, owing to its versatility, cost-effectiveness, and widespread applicability across various industrial sectors. The Automotive end-user industry is the leading segment, holding the largest market share in 2025 at xx Million, driven by the increasing electrification of vehicles and the growing adoption of automated manufacturing processes.
Key Drivers for Leading Segments:
- Automotive: The increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) is a primary driver. Government regulations promoting vehicle electrification and stringent emission norms further accelerate market growth.
- AC Drives: The higher efficiency and wider range of applications compared to DC drives make them more attractive for various industries.
- North America (United States): Strong industrial automation, government policies supporting energy efficiency, and high adoption rates in various sectors.
- Europe (Germany): Significant industrial presence, advanced technological infrastructure, and supportive government initiatives promoting industrial automation and energy efficiency.
Dominance Analysis: The dominance of the AC Drives segment and the Automotive industry is expected to continue throughout the forecast period due to sustained technological advancements, increasing industrial automation, and government support for energy efficiency and emission reduction. However, other segments like Servo Drives and end-user industries such as renewable energy, and water & wastewater are showing strong growth potential.
Global Low Voltage Electric Drives Market Product Developments
Recent product innovations focus on enhancing efficiency, reducing energy consumption, improving control precision, and incorporating advanced features like predictive maintenance and smart connectivity. The integration of IoT and AI capabilities enables real-time monitoring and optimized performance, leading to a competitive advantage. These advanced features are gaining significant traction in diverse applications across various industries.
Key Drivers of Global Low Voltage Electric Drives Market Growth
Technological advancements, such as the development of higher-efficiency motors and drives, are significantly driving market growth. Government policies promoting energy efficiency and sustainable development are creating incentives for adopting low voltage electric drives. Growing industrial automation across various sectors fuels demand for efficient and precise control systems.
Challenges in the Global Low Voltage Electric Drives Market Market
Fluctuations in raw material prices impact manufacturing costs and profitability. Supply chain disruptions can lead to delays in production and affect market availability. Intense competition among established players and emerging companies can put pressure on pricing and margins.
Emerging Opportunities in Global Low Voltage Electric Drives Market
Technological breakthroughs in power electronics and AI are creating opportunities for developing more efficient and intelligent drives. Strategic partnerships between drive manufacturers and system integrators are expanding market reach and creating value-added solutions. Expansion into emerging markets with high growth potential presents significant opportunities for market penetration.
Leading Players in the Global Low Voltage Electric Drives Market Sector
- Rockwell Automation
- ABB Ltd
- Schneider Electric
- Fuji Electric Co Ltd
- Yaskawa America Inc
- Nidec Corporation
- Hitachi Ltd
- CG Power & Industrial Solutions Ltd
- Siemens AG
- Johnson Controls
- Beckhoff Automation
- Hiconics Eco-energy Technology Co Ltd
Key Milestones in Global Low Voltage Electric Drives Market Industry
- March 2022: A contract between Harju Elekter UAB and U.S. Steel Corporation (Exploratory Ventures LLC) was signed for EUR 10 Million to produce low voltage drives and MCC systems for the Big River Steel complex in Arkansas. This signifies the significant investments in low voltage drives for large-scale industrial projects.
Strategic Outlook for Global Low Voltage Electric Drives Market Market
The global low voltage electric drives market holds substantial growth potential, driven by ongoing technological advancements, increasing industrial automation, and supportive government regulations. Strategic partnerships, expansion into emerging markets, and the development of innovative products and services will be crucial for achieving long-term success in this dynamic market. Focusing on energy efficiency, smart capabilities, and sustainability will be key differentiators for market leaders.
Global Low Voltage Electric Drives Market Segmentation
-
1. Type
- 1.1. AC Drives
- 1.2. DC Drives
- 1.3. Servo Drives
-
2. End-User Industry
- 2.1. Automotive
- 2.2. Oil & Gas
- 2.3. Chemical & Petrochemical
- 2.4. F&B
- 2.5. Water & Wastewater
- 2.6. Power Generation
- 2.7. Metal & Mining
- 2.8. Pulp & Paper
- 2.9. HVAC
- 2.10. Discrete Industries
- 2.11. Other End-user Industries
Global Low Voltage Electric Drives Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
-
2. Europe
- 2.1. United Kingdom
- 2.2. Germany
- 2.3. Italy
- 2.4. France
- 2.5. Russia
- 2.6. Rest of Europe
-
3. Asia Pacific
- 3.1. China
- 3.2. India
- 3.3. Japan
- 3.4. South Korea
- 3.5. Australia
- 4. Rest of Asia Pacific
-
5. Latin America
- 5.1. Brazil
- 5.2. Mexico
- 5.3. Chile
- 5.4. Rest of Latin America
-
6. Middle East and Africa
- 6.1. United Arab Emirates
- 6.2. Saudi Arabia
- 6.3. Turkey
- 6.4. Rest of Middle East and Africa

Global Low Voltage Electric Drives Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.30% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing focus toward energy efficiency and energy levels; Accelerating the Automotive Industry's Growth
- 3.3. Market Restrains
- 3.3.1. High Implementation Costs and Operational and Technical Issues
- 3.4. Market Trends
- 3.4.1. Automotive Industry is Expected to Boost the Demand
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. AC Drives
- 5.1.2. DC Drives
- 5.1.3. Servo Drives
- 5.2. Market Analysis, Insights and Forecast - by End-User Industry
- 5.2.1. Automotive
- 5.2.2. Oil & Gas
- 5.2.3. Chemical & Petrochemical
- 5.2.4. F&B
- 5.2.5. Water & Wastewater
- 5.2.6. Power Generation
- 5.2.7. Metal & Mining
- 5.2.8. Pulp & Paper
- 5.2.9. HVAC
- 5.2.10. Discrete Industries
- 5.2.11. Other End-user Industries
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of Asia Pacific
- 5.3.5. Latin America
- 5.3.6. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. AC Drives
- 6.1.2. DC Drives
- 6.1.3. Servo Drives
- 6.2. Market Analysis, Insights and Forecast - by End-User Industry
- 6.2.1. Automotive
- 6.2.2. Oil & Gas
- 6.2.3. Chemical & Petrochemical
- 6.2.4. F&B
- 6.2.5. Water & Wastewater
- 6.2.6. Power Generation
- 6.2.7. Metal & Mining
- 6.2.8. Pulp & Paper
- 6.2.9. HVAC
- 6.2.10. Discrete Industries
- 6.2.11. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. AC Drives
- 7.1.2. DC Drives
- 7.1.3. Servo Drives
- 7.2. Market Analysis, Insights and Forecast - by End-User Industry
- 7.2.1. Automotive
- 7.2.2. Oil & Gas
- 7.2.3. Chemical & Petrochemical
- 7.2.4. F&B
- 7.2.5. Water & Wastewater
- 7.2.6. Power Generation
- 7.2.7. Metal & Mining
- 7.2.8. Pulp & Paper
- 7.2.9. HVAC
- 7.2.10. Discrete Industries
- 7.2.11. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Pacific Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. AC Drives
- 8.1.2. DC Drives
- 8.1.3. Servo Drives
- 8.2. Market Analysis, Insights and Forecast - by End-User Industry
- 8.2.1. Automotive
- 8.2.2. Oil & Gas
- 8.2.3. Chemical & Petrochemical
- 8.2.4. F&B
- 8.2.5. Water & Wastewater
- 8.2.6. Power Generation
- 8.2.7. Metal & Mining
- 8.2.8. Pulp & Paper
- 8.2.9. HVAC
- 8.2.10. Discrete Industries
- 8.2.11. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Rest of Asia Pacific Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. AC Drives
- 9.1.2. DC Drives
- 9.1.3. Servo Drives
- 9.2. Market Analysis, Insights and Forecast - by End-User Industry
- 9.2.1. Automotive
- 9.2.2. Oil & Gas
- 9.2.3. Chemical & Petrochemical
- 9.2.4. F&B
- 9.2.5. Water & Wastewater
- 9.2.6. Power Generation
- 9.2.7. Metal & Mining
- 9.2.8. Pulp & Paper
- 9.2.9. HVAC
- 9.2.10. Discrete Industries
- 9.2.11. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Latin America Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. AC Drives
- 10.1.2. DC Drives
- 10.1.3. Servo Drives
- 10.2. Market Analysis, Insights and Forecast - by End-User Industry
- 10.2.1. Automotive
- 10.2.2. Oil & Gas
- 10.2.3. Chemical & Petrochemical
- 10.2.4. F&B
- 10.2.5. Water & Wastewater
- 10.2.6. Power Generation
- 10.2.7. Metal & Mining
- 10.2.8. Pulp & Paper
- 10.2.9. HVAC
- 10.2.10. Discrete Industries
- 10.2.11. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Middle East and Africa Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Type
- 11.1.1. AC Drives
- 11.1.2. DC Drives
- 11.1.3. Servo Drives
- 11.2. Market Analysis, Insights and Forecast - by End-User Industry
- 11.2.1. Automotive
- 11.2.2. Oil & Gas
- 11.2.3. Chemical & Petrochemical
- 11.2.4. F&B
- 11.2.5. Water & Wastewater
- 11.2.6. Power Generation
- 11.2.7. Metal & Mining
- 11.2.8. Pulp & Paper
- 11.2.9. HVAC
- 11.2.10. Discrete Industries
- 11.2.11. Other End-user Industries
- 11.1. Market Analysis, Insights and Forecast - by Type
- 12. North America Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1. undefined
- 13. Europe Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1. undefined
- 14. Asia Pacific Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1. undefined
- 15. South America Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1. undefined
- 16. North America Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 16.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 16.1.1. undefined
- 17. MEA Global Low Voltage Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 17.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 17.1.1. undefined
- 18. Competitive Analysis
- 18.1. Market Share Analysis 2024
- 18.2. Company Profiles
- 18.2.1 Rockwell Automation
- 18.2.1.1. Overview
- 18.2.1.2. Products
- 18.2.1.3. SWOT Analysis
- 18.2.1.4. Recent Developments
- 18.2.1.5. Financials (Based on Availability)
- 18.2.2 ABB Ltd
- 18.2.2.1. Overview
- 18.2.2.2. Products
- 18.2.2.3. SWOT Analysis
- 18.2.2.4. Recent Developments
- 18.2.2.5. Financials (Based on Availability)
- 18.2.3 Schneider Electric Fuji Electric Co Ltd
- 18.2.3.1. Overview
- 18.2.3.2. Products
- 18.2.3.3. SWOT Analysis
- 18.2.3.4. Recent Developments
- 18.2.3.5. Financials (Based on Availability)
- 18.2.4 Yaskawa America Inc
- 18.2.4.1. Overview
- 18.2.4.2. Products
- 18.2.4.3. SWOT Analysis
- 18.2.4.4. Recent Developments
- 18.2.4.5. Financials (Based on Availability)
- 18.2.5 Nidec Corporation
- 18.2.5.1. Overview
- 18.2.5.2. Products
- 18.2.5.3. SWOT Analysis
- 18.2.5.4. Recent Developments
- 18.2.5.5. Financials (Based on Availability)
- 18.2.6 Hitachi Ltd
- 18.2.6.1. Overview
- 18.2.6.2. Products
- 18.2.6.3. SWOT Analysis
- 18.2.6.4. Recent Developments
- 18.2.6.5. Financials (Based on Availability)
- 18.2.7 CG Power & Industrial Solutions Ltd
- 18.2.7.1. Overview
- 18.2.7.2. Products
- 18.2.7.3. SWOT Analysis
- 18.2.7.4. Recent Developments
- 18.2.7.5. Financials (Based on Availability)
- 18.2.8 Siemens AG
- 18.2.8.1. Overview
- 18.2.8.2. Products
- 18.2.8.3. SWOT Analysis
- 18.2.8.4. Recent Developments
- 18.2.8.5. Financials (Based on Availability)
- 18.2.9 Johnson Controls
- 18.2.9.1. Overview
- 18.2.9.2. Products
- 18.2.9.3. SWOT Analysis
- 18.2.9.4. Recent Developments
- 18.2.9.5. Financials (Based on Availability)
- 18.2.10 Schneider Electric
- 18.2.10.1. Overview
- 18.2.10.2. Products
- 18.2.10.3. SWOT Analysis
- 18.2.10.4. Recent Developments
- 18.2.10.5. Financials (Based on Availability)
- 18.2.11 Beckhoff Automation
- 18.2.11.1. Overview
- 18.2.11.2. Products
- 18.2.11.3. SWOT Analysis
- 18.2.11.4. Recent Developments
- 18.2.11.5. Financials (Based on Availability)
- 18.2.12 Hiconics Eco-energy Technology Co Ltd
- 18.2.12.1. Overview
- 18.2.12.2. Products
- 18.2.12.3. SWOT Analysis
- 18.2.12.4. Recent Developments
- 18.2.12.5. Financials (Based on Availability)
- 18.2.1 Rockwell Automation
List of Figures
- Figure 1: Global Global Low Voltage Electric Drives Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: Global Global Low Voltage Electric Drives Market Volume Breakdown (K Unit, %) by Region 2024 & 2032
- Figure 3: North America Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 4: North America Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 5: North America Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 7: Europe Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 8: Europe Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 9: Europe Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Europe Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 11: Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 12: Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 13: Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 15: South America Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 16: South America Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 17: South America Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: South America Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 19: North America Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 20: North America Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 21: North America Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 22: North America Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 23: MEA Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 24: MEA Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 25: MEA Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 26: MEA Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 27: North America Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 28: North America Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 29: North America Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 30: North America Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 31: North America Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 32: North America Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 33: North America Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 34: North America Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 35: North America Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 36: North America Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 37: North America Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 38: North America Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 39: Europe Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 40: Europe Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 41: Europe Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 42: Europe Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 43: Europe Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 44: Europe Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 45: Europe Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 46: Europe Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 47: Europe Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 48: Europe Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 49: Europe Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 50: Europe Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 51: Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 52: Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 53: Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 54: Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 55: Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 56: Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 57: Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 58: Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 59: Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 60: Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 61: Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 62: Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 63: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 64: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 65: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 66: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 67: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 68: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 69: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 70: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 71: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 72: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 73: Rest of Asia Pacific Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 74: Rest of Asia Pacific Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 75: Latin America Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 76: Latin America Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 77: Latin America Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 78: Latin America Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 79: Latin America Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 80: Latin America Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 81: Latin America Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 82: Latin America Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 83: Latin America Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 84: Latin America Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 85: Latin America Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 86: Latin America Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
- Figure 87: Middle East and Africa Global Low Voltage Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 88: Middle East and Africa Global Low Voltage Electric Drives Market Volume (K Unit), by Type 2024 & 2032
- Figure 89: Middle East and Africa Global Low Voltage Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 90: Middle East and Africa Global Low Voltage Electric Drives Market Volume Share (%), by Type 2024 & 2032
- Figure 91: Middle East and Africa Global Low Voltage Electric Drives Market Revenue (Million), by End-User Industry 2024 & 2032
- Figure 92: Middle East and Africa Global Low Voltage Electric Drives Market Volume (K Unit), by End-User Industry 2024 & 2032
- Figure 93: Middle East and Africa Global Low Voltage Electric Drives Market Revenue Share (%), by End-User Industry 2024 & 2032
- Figure 94: Middle East and Africa Global Low Voltage Electric Drives Market Volume Share (%), by End-User Industry 2024 & 2032
- Figure 95: Middle East and Africa Global Low Voltage Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 96: Middle East and Africa Global Low Voltage Electric Drives Market Volume (K Unit), by Country 2024 & 2032
- Figure 97: Middle East and Africa Global Low Voltage Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 98: Middle East and Africa Global Low Voltage Electric Drives Market Volume Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 3: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 4: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 5: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 6: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 7: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 9: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 11: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 13: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 14: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 15: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 17: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 19: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 21: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 22: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 23: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 24: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 25: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 26: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 27: United States Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: United States Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 29: Canada Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: Canada Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 31: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 32: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 33: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 34: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 35: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 36: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 37: United Kingdom Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: United Kingdom Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 39: Germany Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: Germany Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 41: Italy Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: Italy Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 43: France Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: France Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 45: Russia Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: Russia Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 47: Rest of Europe Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Rest of Europe Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 49: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 50: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 51: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 52: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 53: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 54: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 55: China Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 56: China Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 57: India Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 58: India Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 59: Japan Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 60: Japan Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 61: South Korea Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 62: South Korea Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 63: Australia Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 64: Australia Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 65: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 66: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 67: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 68: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 69: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 70: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 71: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 72: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 73: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 74: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 75: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 76: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 77: Brazil Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 78: Brazil Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 79: Mexico Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 80: Mexico Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 81: Chile Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 82: Chile Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 83: Rest of Latin America Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 84: Rest of Latin America Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 85: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 86: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 87: Global Low Voltage Electric Drives Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 88: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 89: Global Low Voltage Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 90: Global Low Voltage Electric Drives Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 91: United Arab Emirates Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 92: United Arab Emirates Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 93: Saudi Arabia Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 94: Saudi Arabia Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 95: Turkey Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 96: Turkey Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 97: Rest of Middle East and Africa Global Low Voltage Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 98: Rest of Middle East and Africa Global Low Voltage Electric Drives Market Volume (K Unit) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Global Low Voltage Electric Drives Market?
The projected CAGR is approximately 4.30%.
2. Which companies are prominent players in the Global Low Voltage Electric Drives Market?
Key companies in the market include Rockwell Automation, ABB Ltd, Schneider Electric Fuji Electric Co Ltd, Yaskawa America Inc, Nidec Corporation, Hitachi Ltd, CG Power & Industrial Solutions Ltd , Siemens AG, Johnson Controls, Schneider Electric, Beckhoff Automation, Hiconics Eco-energy Technology Co Ltd.
3. What are the main segments of the Global Low Voltage Electric Drives Market?
The market segments include Type, End-User Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing focus toward energy efficiency and energy levels; Accelerating the Automotive Industry's Growth.
6. What are the notable trends driving market growth?
Automotive Industry is Expected to Boost the Demand.
7. Are there any restraints impacting market growth?
High Implementation Costs and Operational and Technical Issues.
8. Can you provide examples of recent developments in the market?
March 2022 - A contract between Harju Elekter UAB and U.S. Steel Corporation (Exploratory Ventures LLC) was signed in March 2022 to produce low voltage drives and MCC systems to manage 1500 motors at the new Big River Steel complex in Arkansas. Production and deliveries will continue up to April 2023. The contract is worth approximately EUR 10 million.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Global Low Voltage Electric Drives Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Global Low Voltage Electric Drives Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Global Low Voltage Electric Drives Market?
To stay informed about further developments, trends, and reports in the Global Low Voltage Electric Drives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
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- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
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- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence