Global Low voltage AC drives Market size was valued at USD 18.9 Bn in 2023 and Low voltage AC drives revenue is expected to reach USD 26.59 Bn by 2030, at a CAGR of 5 % over the forecast period.Low voltage AC drives market Overview
Low voltage AC drives, also known as Variable Frequency Drives (VFDs), are essential components in the automation and control of electric motors. Increasing emphasis on energy efficiency and sustainability is likely to drive the demand for low voltage AC drives. Industrial automation and implementation of Industry 4.0 concepts are expected to boost the adoption of low voltage AC drive market. Infrastructure projects in smart cities and urban development initiatives may lead to increased demand for low voltage AC drives in applications such as pumps, fans, and conveyors for efficient control of electric motors. The Low Voltage AC drive market is growing at a CAGR of 5% over the forecast period. Increasing importance on energy efficiency and sustainability is likely to drive the demand for low voltage AC drives.To know about the Research Methodology :- Request Free Sample Report Global economic conditions, trade policies, and geopolitical factors impact the purchasing power and investment decisions of industries in different regions. The market for low voltage AC drives is expected to sustain its growth trajectory. This is primarily driven by the increasing importance on energy efficiency and sustainability across various industries. Sustainability is a global priority, and the use of low voltage AC drives aligns with this agenda. These drives enable companies to optimize energy use, thereby reducing their carbon footprint. Low voltage AC drives are becoming smarter. They are equipped with advanced features such as self-diagnosis, adaptive control, and remote accessibility. The low-voltage AC drives market is composed for growth and innovation. As industries prioritize energy efficiency, automation, and sustainability, the integration of IoT and smart capabilities will be instrumental in shaping the future of low-voltage AC drives.Low voltage AC drives market Dynamics:
Increased Emphasis on Energy Efficiency Energy efficiency remains a significant trend in the low-voltage AC drives market. Industries and businesses are increasingly seeking ways to reduce energy consumption and lower operational costs. AC drives play a crucial role in achieving these goals by precisely controlling motor speed and optimizing energy usage. The integration of smart technologies and adaptive control algorithms in AC drives allows for real-time adjustments to optimize energy usage based on changing conditions. This level of control is invaluable in applications such as HVAC systems and industrial processes. Many regions and industries have established energy efficiency regulations and standards. Using energy-efficient AC drives ensures compliance with these requirements, preventing potential fines and penalties. Energy-efficient AC drives are considered a long-term investment. While they may have a higher initial cost, the energy savings and extended equipment lifespan make them a financially sound choice over the life of the system. Many businesses are seeing a relatively short payback period when investing in energy-efficient AC drives. The energy savings quickly offset the initial investment, leading to a positive Return on Investment (ROI). Rise of Industry 4.0 and IoT (Internet of Things) Integration The adoption of Industry 4.0 principles and the integration of the Internet of Things (IoT) are driving the demand for smart AC drives. These drives be remotely monitored and controlled, allowing for predictive maintenance, data analytics, and improved process optimization. This trend is particularly prominent in the manufacturing and industrial sectors. Industry 4.0 represents the fourth industrial revolution characterized by the integration of digital technologies into manufacturing processes. It emphasizes automation, data exchange, and the use of smart systems for improved efficiency and productivity. The IoT involves connecting physical devices and equipment to the internet, enabling them to collect and exchange data. In the context of low voltage AC drives, IoT integration allows for real-time monitoring and control of these devices remotely. Smart AC drives be integrated into larger Industry 4.0 systems, providing scalability and flexibility for evolving manufacturing environments. Instead of relying on fixed maintenance schedules, smart AC drives enable condition-based monitoring. Maintenance is performed when the equipment's actual condition warrants it, which significantly extend the lifespan of components. the integration of Industry 4.0 principles and IoT into the low voltage AC drives market is a transformative trend, particularly in manufacturing and industrial sectors. It empowers businesses to leverage data and digital connectivity for improved operational efficiency, predictive maintenance, and overall competitiveness. This trend is likely to continue evolving as more industries recognize the benefits of smart AC drives in their pursuit of Industry 4.0 goals. Digitalization and Connectivity: Connectivity and digitalization are transforming the AC drives market. Manufacturers are offering drives with advanced communication protocols, enabling seamless integration with control systems and industrial networks. This enhances data exchange and real-time monitoring, contributing to greater operational efficiency. Manufacturers are equipping AC drives with advanced communication protocols, making them compatible with various industrial networks and control systems. These protocols may include Modbus, Profibus, Ethernet/IP, and more, ensuring interoperability. Digitalized AC drives allow for real-time monitoring of motor and drive performance. Operators and maintenance teams can access critical data on motor speed, temperature, power usage, and other parameters, enabling them to make informed decisions. Some manufacturers offer cloud-based solutions that store and analyze data from AC drives. This allows for centralized data management, analytics, and reporting across multiple sites or facilities.Opportunities of Low voltage AC drives market
The increasing focus on energy efficiency and sustainability presents a significant opportunity for low voltage AC drives. As businesses seek to reduce energy consumption and operational costs, these drives can play a crucial role in optimizing motor performance and energy usage. In emerging economies, rapid industrialization is creating a growing demand for low voltage AC drives. The expansion of manufacturing, infrastructure development, and construction activities in these regions offers substantial opportunities for AC drive manufacturers. The increasing use of renewable energy sources, such as wind turbines and solar power plants, requires advanced motor control solutions. Low-voltage AC drives are essential for managing the variable output of renewable energy sources, providing opportunities for growth in this sector. Industry 4.0 principles, including automation, data exchange, and smart manufacturing, are driving the demand for intelligent and connected AC drives. Manufacturers that can provide products with these capabilities are well-positioned to capitalize on this opportunity. Many industries are replacing older, less energy-efficient motor control systems with modern low voltage AC drives. Additionally, the need to upgrade existing systems for better performance and energy efficiency creates opportunities for AC drive manufacturers. Organizations are increasingly adopting sustainability goals, including reducing carbon emissions and energy consumption. AC drives contribute to these goals by optimizing energy usage and improving process efficiency. Compliance with energy efficiency and environmental regulations is driving the demand for AC drives. Continued innovation in motor control technology can lead to new and advanced features in low-voltage AC drives, creating opportunities for differentiation and market growth.Restraints of Low voltage AC drives market
Low Voltage AC Drives market also faces certain restraints and challenges that may impact its growth and adoption. Low-voltage AC drives often come with a relatively high cost, which be a barrier for some potential customers. The initial investment can deter smaller businesses or those with limited budgets. Economic fluctuations and uncertainties impact capital investments in industries. During economic downturns, businesses may delay or reduce their investments in AC drives and other capital equipment. Some users may find the configuration and operation of low voltage AC drives complex. This complexity deters potential customers who require user-friendly solutions or those without specialized expertise. Many industries still operate with older motor control systems. The transition to modern low voltage AC drives can be complex and expensive, deterring some businesses from making the switch. Disruptions in the global supply chain, as seen during events like the COVID-19 pandemic, can impact the availability and delivery of AC drive components, affecting the market's stability. Environmental concerns and regulations related to the disposal of older AC drives and electronic waste affect the replacement and upgrading of existing systems. Rapid technological advancements can lead to the obsolescence of older AC drive models. Businesses may hesitate to invest in new systems for fear of future obsolescence.Low voltage AC drives market Segments
By Application, Pumps and fans are critical components in various industries, including HVAC systems, water treatment, and manufacturing. Industries, especially those focused on sustainability and environmental regulations, benefit from the adoption of low voltage AC drives in pumps and fans. Conveyors and material handling systems require precise control to optimize the movement of goods and materials. Conveyors often experience varying loads, and low voltage AC drives enable these systems to adapt seamlessly. Compressors play a crucial role in industries such as manufacturing and oil and gas. Extruders and mixers in industries such as plastics and food processing benefit from the precise control offered by low voltage AC drives. Extruders and mixers can adapt to different material characteristics, ensuring optimal mixing and extrusion for diverse applications. By End-User, Industrial manufacturing operations heavily rely on motor-driven machinery and equipment. The use of Low Voltage AC Drives in manufacturing helps reduce energy consumption, lower operational costs, and enhance overall efficiency. The integration of Low Voltage AC Drives with building automation systems enhances overall building intelligence. The adoption of Low Voltage AC Drives in these applications ensures energy-efficient control, reducing operational costs and contributing to sustainable water management. In the oil and gas industry, Low Voltage AC Drives play a crucial role in processes such as enhanced oil recovery (EOR). The mining and metals industry relies on heavy machinery for material handling and processing. By voltage range, Low voltage AC drives with a range of up to 240V are suitable for domestic and small-scale applications. The impact on the market is observed in residential settings, small businesses, and applications where lower voltage requirements are sufficient. The impact on the market is significant in sectors such as manufacturing, where medium-sized machinery and equipment require precise motor control and energy efficiency. The 481V to 690V voltage range is suitable for heavy industrial machinery and large-scale applications. The impact on the market is notable in industries such as mining, metals, and large-scale manufacturing. Low voltage AC drives with a voltage range above 690V are used in high-power and utility applications. The impact on the market is observed in critical infrastructure, power generation, and applications requiring substantial motor control capabilities.Low voltage AC drives market Regional Insights
The Asia-Pacific region is the fastest-growing market for low voltage AC drives, primarily due to the rapid industrialization in countries such as China and India. Growing infrastructure development, increased manufacturing activities, and rising awareness about energy efficiency are contributing to the market's expansion in this region. Growing infrastructure development, increased manufacturing activities, and rising awareness about energy efficiency are contributing to the market's expansion in this region. The United States and Canada are the major contributors to the market, with a focus on energy efficiency and reducing carbon footprints driving the adoption of low voltage AC drives .Europe is a prominent market for low voltage AC drives, driven by stringent energy efficiency regulations and a strong emphasis on reducing energy consumption in industries. leading countries in this region, such as Germany and the United Kingdom, have a robust manufacturing sector and have been actively implementing AC drives to enhance their operational efficiency. Latin America has also witnessed a rising demand for low voltage AC drives, driven by increased investments in infrastructure and industrial sectors. Brazil, Mexico, and Argentina are among the leading countries in the adoption of AC drives to improve energy efficiency in various industries. The Middle East and Africa region is experiencing moderate growth in the low voltage AC drives market.Low voltage AC drives market Competitive landscape
The competitive landscape of the low voltage AC drives market is dynamic, with several key players vying for market share. Mitsubishi Electric is known for its advanced technology in AC drives and motion control systems, catering to industries like automation, robotics, and industrial machinery. ABB is a prominent player in the market, offering a comprehensive portfolio of low voltage AC drives. Siemens is a global leader in automation and electrification technology, providing a wide range of low voltage AC drives. Their solutions are known for their quality and reliability. Schneider Electric offers AC drives under their Altivar brand. They focus on energy-efficient solutions and have a strong presence in the industrial and commercial sectors. Eaton is a global company offering low voltage AC drives as part of their broader electrical solutions. They serve industries such as data centers, water and wastewater, and oil and gas. Nidec is a global electric motor manufacturer that provides low voltage AC drives for various applications, including automotive, robotics, and home appliances. The competitive landscape is also influenced by emerging players that focus on specific industries or offer specialized solutions. Market dynamics, regional factors, and technological advancements play a significant role in shaping the competitive landscape of the low voltage AC drives market.Scope table of Low voltage AC drives Market : Inquire Before Buying
Global Low voltage AC drives Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 18.9 Bn. Forecast Period 2024 to 2030 CAGR: 5% Market Size in 2030: US $ 26.59 Bn. Segments Covered: by Application Pumps and Fans Conveyors and Material Handling Compressors Extruders and Mixers by End User Manufacturing HVAC and Building Automation Water and Wastewater Treatment by Voltage Range Micro Drives Low-Voltage Drives Low voltage AC drives Market by Region
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players of Low voltage AC drives Market
1. Mitsubishi Electric Corporation 2. ABB 3. Siemens 4. Beckhoff Automation 5. Emerson Electric Co. 6. Eaton 7. Hitachi, Ltd. 8. Johnson Controls 9. NIDEC CORPORATION 10. Honeywell International Inc 11. Bosch Rexroth AG 12. YASKAWA ELECTRIC CORPORATION 13. Rockwell Automation Frequently Asked Questions: 1] What is the growth rate of the Low voltage AC drives Market? Ans. The Low voltage AC drives Market is growing at a significant rate of 26.59 Bn over the forecast period. 2] Which region is expected to dominate the Low voltage AC drives Market? Ans. North America region is expected to dominate the Low voltage AC drives Market with growth rate at 38.91% over the forecast period. 3] What is the expected Low voltage AC drives Market size by 2030? Ans. The market size of the Low voltage AC drives Market is expected to reach USD 26.59 Bn by 2030. 4] Who are the top players in the Low voltage AC drives Industry? Ans. The major key players in the Low voltage AC drives Market are Air Liquide (France), Linde plc (Ireland), Air Products and Chemicals Inc., (US), Shell plc (UK), Saudi Arabian Oil Co. 5] Which factors are expected to drive the Low voltage AC drives Market growth by 2030? Ans. Increased Emphasis on Energy Efficiency and Rise of Industry 4.0 and IoT (Internet of Things) Integration is growing demand for market Low voltage AC drives Market.
1. Low voltage AC drives Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Low voltage AC drives Market: Dynamics 2.1. Low voltage AC drives Market Trends by Region 2.1.1. Global Low voltage AC drives Market Trends 2.1.2. North America Low voltage AC drives Market Trends 2.1.3. Europe Low voltage AC drives Market Trends 2.1.4. Asia Pacific Low voltage AC drives Market Trends 2.1.5. Middle East and Africa Low voltage AC drives Market Trends 2.1.6. South America Low voltage AC drives Market Trends 2.2. Low voltage AC drives Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Low voltage AC drives Market Drivers 2.2.1.2. North America Low voltage AC drives Market Restraints 2.2.1.3. North America Low voltage AC drives Market Opportunities 2.2.1.4. North America Low voltage AC drives Market Challenges 2.2.2. Europe 2.2.2.1. Europe Low voltage AC drives Market Drivers 2.2.2.2. Europe Low voltage AC drives Market Restraints 2.2.2.3. Europe Low voltage AC drives Market Opportunities 2.2.2.4. Europe Low voltage AC drives Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Low voltage AC drives Market Drivers 2.2.3.2. Asia Pacific Low voltage AC drives Market Restraints 2.2.3.3. Asia Pacific Low voltage AC drives Market Opportunities 2.2.3.4. Asia Pacific Low voltage AC drives Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Low voltage AC drives Market Drivers 2.2.4.2. Middle East and Africa Low voltage AC drives Market Restraints 2.2.4.3. Middle East and Africa Low voltage AC drives Market Opportunities 2.2.4.4. Middle East and Africa Low voltage AC drives Market Challenges 2.2.5. South America 2.2.5.1. South America Low voltage AC drives Market Drivers 2.2.5.2. South America Low voltage AC drives Market Restraints 2.2.5.3. South America Low voltage AC drives Market Opportunities 2.2.5.4. South America Low voltage AC drives Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Value Chain Analysis 2.6. Regulatory Landscape by Region 2.6.1. Global 2.6.2. North America 2.6.3. Europe 2.6.4. Asia Pacific 2.6.5. Middle East and Africa 2.6.6. South America 2.7. Key Opinion Leader Analysis for Low voltage AC drives Market 2.8. Analysis of Government Schemes and Initiatives For Low voltage AC drives Industry 2.9. The Global Pandemic Impact on Low voltage AC drives Market 3. Low voltage AC drives Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) (2023-2030) 3.1. Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 3.1.1. Pumps and Fans 3.1.2. Conveyors and Material Handling 3.1.3. Compressors 3.2. Extruders and Mixers Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 3.2.1. Manufacturing 3.2.2. HVAC and Building Automation 3.2.3. Water and Wastewater Treatment 3.3. Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 3.3.1. Infrastructure and Utilities 3.3.2. Energy 3.3.3. Industrial 3.4. Low voltage AC drives Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Low voltage AC drives Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 4.1. North America Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 4.1.1. Pumps and Fans 4.1.2. Conveyors and Material Handling 4.1.3. Compressors 4.2. North America Extruders and Mixers Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 4.2.1. Manufacturing 4.2.2. HVAC and Building Automation 4.2.3. Water and Wastewater Treatment 4.3. North America Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 4.3.1. Infrastructure and Utilities 4.3.2. Energy 4.3.3. Industrial 4.4. North America Cabinet Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.5. United States Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 4.5.1. Pumps and Fans 4.5.2. Conveyors and Material Handling 4.5.3. Compressors 4.6. United States Extruders and Mixers Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 4.6.1. Manufacturing 4.6.2. HVAC and Building Automation 4.6.3. Water and Wastewater Treatment 4.7. United States Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 4.7.1. Infrastructure and Utilities 4.7.2. Energy 4.7.3. Industrial 4.7.4. Canada 4.7.5. Canada Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 4.7.5.1. Pumps and Fans 4.7.5.2. Conveyors and Material Handling 4.7.5.3. Compressors 4.7.6. Canada Extruders and Mixers Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 4.7.6.1. Manufacturing 4.7.6.2. HVAC and Building Automation 4.7.6.3. Water and Wastewater Treatment 4.7.7. Canada Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 4.7.7.1. Infrastructure and Utilities 4.7.7.2. Energy 4.7.7.3. Industrial 4.7.8. Mexico 4.7.9. Mexico Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 4.7.9.1. Pumps and Fans 4.7.9.2. Conveyors and Material Handling 4.7.9.3. Compressors 4.7.10. Mexico Extruders and Mixers Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 4.7.10.1. Manufacturing 4.7.10.2. HVAC and Building Automation 4.7.10.3. Water and Wastewater Treatment 4.7.11. Maxico Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 4.7.11.1. Infrastructure and Utilities 4.7.11.2. Energy 4.7.11.3. Industrial 5. Europe Low voltage AC drives Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 5.1. Europe Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.2. Europe Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.3. Europe Low voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4. Europe Low voltage AC drives Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.1.2. United Kingdom Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.1.3. United Kingdom Low voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.2. France 5.4.2.1. France Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.2.2. France Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.2.3. France voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.3. Germany 5.4.3.1. Germany Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.3.2. Germany Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.3.3. Germany voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.4.2. Italy Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.4.3. Italy voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.5. Spain 5.4.5.1. Spain Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.5.2. Spain Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.5.3. Spain voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.6.2. Sweden Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.6.3. Sweden voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.7.2. Austria Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.7.3. Austria voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Low voltage AC drives Market Size and Forecast, by Application(2023-2030) 5.4.8.2. Rest of Europe Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 5.4.8.3. Rest of Europe voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 6. Asia Pacific Low voltage AC drives Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 6.1. Asia Pacific Low voltage AC drives Market Size and Forecast, by Aplication (2023-2030) 6.2. Asia Pacific Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3. Asia Pacific Low voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 6.3.1. China 6.3.1.1. China Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.1.2. China Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.1.3. China Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.2.2. S Korea Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.2.3. S Korea Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.3.2. Japan Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.3.3. Japan Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.4. India 6.3.4.1. India Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.4.2. India Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.4.3. India Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.5.2. Australia Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.5.3. Australia Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.6.2. Indonesia Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.6.3. Indonesia Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.7.2. Malaysia Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.7.3. Malaysia Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.8.2. Vietnam Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.8.3. Vietnam Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.9.2. Taiwan Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.9.3. Taiwan Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 6.3.10.2. Rest of Asia Pacific Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 6.3.10.3. Rest of Asia Pacific Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 7. Middle East and Africa Low voltage AC drives Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030 7.1. Middle East and Africa Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 7.2. Middle East and Africa Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 7.3. Middle East and Africa Low voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 7.3.1.2. South Africa Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 7.3.1.3. South Africa Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 7.3.2.2. GCC Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 7.3.2.3. GCC Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 7.3.3.2. Nigeria Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 7.3.3.3. Nigeria Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 7.3.4.2. Rest of ME&A Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 7.3.4.3. Rest of ME&A Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 8. South America Low voltage AC drives Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030 8.1. South America Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 8.2. South America Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 8.3. South America Low voltage AC drives Market Size and Forecast, by Voltage-Range (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 8.3.1.2. Brazil Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 8.3.1.3. Brazil Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 8.3.2.2. Argentina Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 8.3.2.3. Argentina Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest of South America Low voltage AC drives Market Size and Forecast, by Application (2023-2030) 8.3.3.2. Rest of South America Low voltage AC drives Market Size and Forecast, by End-User (2023-2030) 8.3.3.3. Rest of South America Low voltage AC drives Market Size and Forecast, by Voltage Range (2023-2030) 9. Global Low voltage AC drives Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Product Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.3.6. SKU Details 9.3.7. Production Capacity 9.3.8. Production for 2022 9.3.9. No. of Stores 9.4. Market Analysis by Organized Players vs. Unorganized Players 9.4.1. Organized Players 9.4.2. Unorganized Players 9.5. Leading Low voltage AC drives Market Companies, by market capitalization 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Mitsubishi Electric Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. ABB 10.3. Siemens 10.4. Beckhoff Automation 10.5. Emerson Electric Co. 10.6. Eaton 10.7. Hitachi, Ltd. 10.8. Johnson Controls 10.9. NIDEC CORPORATION 10.10. Honeywell International Inc 10.11. Bosch Rexroth AG 10.12. YASKAWA ELECTRIC CORPORATION 10.13. Rockwell Automation 11. Key Findings 12. Industry Recommendations 13. Low voltage AC drives Market: Research Methodology 14. Terms and Glossary