Published Date: 2020-03-02
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According to the Graphical Research new growth forecast report titled “ America Low Voltage Drives Market Size By Power Range, Capacity, Drive, System, Application, End-Use, Industry Analysis Report, Country Outlook”, Application Potential, Competitive Market Share & Forecast, 2019 – 2025. America low voltage drives market is set to grow on account of enhanced demand for energy optimization, rising industrialization and soaring energy prices. Growing awareness toward environmental sustainability coupled with strict government directives to meet energy efficiency targets will stimulate the product deployment. Ongoing R&D initiatives coupled with rising investments to enhance existing technology is further projected to strengthen the industry scenario.
Regenerative technology is projected to grow on account of cost effectiveness coupled with simple installation. Upsurge in demand across elevators, hoists, cranes and spindle is set to augment the industry scenario. The component recovers the waste energy and circulates it back to the system for utilization by other equipment, thereby increasing energy efficiency.
The U.S. is anticipated to grow on account of expanding automotive industry along with rising customer inclination toward processed food products. Concern pertaining to environmental sustainability coupled with rising energy prices will augment the product deployment. Adoption of variable frequency drives for reciprocating and centrifugal operations is further set to propel the industry landscape.
AC low voltage drives market is set to grow on account of strict speed regulation, low maintenance, improved power factor, high reliability and enhanced energy efficiency. Growing demand across HVAC applications facilitated by improved semiconductor technology is anticipated to strengthen the product deployment.
Pumps will grow on account of adjustable operating speed in accordance with settling velocity, flow rate and static head. These systems removes the need for valves to control the flow that saves considerable amount of energy, thereby enhancing the business scenario. Direct torque control coupled with reduced mechanical resonances and stress during start and stop is further set to stimulate the industry outlook.
Oil and Gas is set to grow on account growing awareness toward workplace safety & strict standards for sustainable devices. Low starting current, reduced voltage fluctuations and high starting torque is anticipated to drive the business landscape. In addition, long belt life and smooth reversing of the conveyor coupled with reliable and active operation of compressors and pumps will boost the product demand.
Companies are actively looking for partnerships and M&As with global and regional suppliers to build possibilities. Major participants in the industry include Siemens, Honeywell, ABB, Rockwell Automation, Schneider Electric, Yaskawa, Fuji Electric, Hiconics, CG Power & Industrial Solutions, Hitachi, Emerson, Mitsubishi, Eaton and Danfoss amongst others.
The America Low Voltage Drives Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2019 to 2025, for the following segments:
Market Share, By Technology
Market Size, By System
Market Value, By Application
Growth, By Power Range
Market Forecast, By Capacity
Market Growth, By Drive
• By Efficiency
o IE1
o IE2
o IE3
o IE4
Market Share, By End-Use
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