Low Voltage Drives Market - Top Companies and Manufacturers

  • Report ID: 4742
  • Published Date: Jul 31, 2024
  • Report Format: PDF, PPT

Companies Dominating the Low Voltage Drives Landscape

    • Schneider Electric
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rockwell Automation, Inc.
    • General Electric
    • Hitachi Hi-Rel Power Electronics Private Limited
    • Honeywell International, Inc.
    • Eaton
    • Emerson Electric Co.
    • CG Power & Industrial Solutions, Ltd.
    • Johnson Controls
    • Invertek Drives Far East Pte Ltd

Browse Key Market Insights with Data Illustration:

In the News

  • For condition-based monitoring of rotating equipment such pumps, motors, compressors, fans, blowers, and gearboxes, Honeywell International, Inc., has released the Versatilis Transmitters. In order to give intelligence that could increase safety, availability, and dependability across industries, Honeywell Versatilis Transmitters provide pertinent measurements of rotating equipment. A versatile device based on the low power, long range LoRaWAN protocol is the Honeywell Versatilis Transmitter. Manufacturers could deploy at scale with less capital and running expense owing to low power consumption and simple installation.

  • To assist industrial operators in the international IEC markets increase their output, safety, and energy performance, Rockwell Automation, Inc. added two extra PowerFlex variable frequency drives (VFDs) to the CENTERLINE 2500 low-voltage motor control centres (MCCs).


Author Credits:  Richa Gupta


  • Report ID: 4742
  • Published Date: Jul 31, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of low voltage drives is estimated at USD 19.93 Billion.

The low voltage drives market size was over USD 18.99 Billion in 2023 and is projected to cross USD 38.09 Billion by the end of 2036, growing at more than 5.5% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growth in waste water, growing demand for energy, rising production of plastic, and others.

Asia Pacific is anticipated to hold largest industry share by 2036, backed by growing population which is further boosting the demand for power generation infrastructure, along with growing investment in construction projects.

Schneider Electric, Rockwell Automation, Inc., General Electric, Hitachi Hi-Rel Power Electronics Private Limited, Honeywell International, Inc., Eaton, Emerson Electric Co., CG Power & Industrial Solutions, Ltd., Johnson Controls, Invertek Drives Far East Pte Ltd
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