Low Voltage Drives Market Value to Hit $15 Billion by 2025: Global Market Insights, Inc.

SELBYVILLE, Del., July 25, 2019 /PRNewswire/ -- The U.S. low voltage drives market is anticipated to grow owing to adoption of LV systems for reciprocating and centrifugal equipment. The drives can be used as a substitute of fixed speed controllers, valves and dampers further stimulating the product penetration. Moreover, rising energy prices coupled with growing concerns pertaining adoption of environment-friendly and sustainable units has amplified the concentration on energy-efficient systems.

Optimum cost and space utilization along with product flexibility and versatility in terms of motor speed control is set to encourage the standard low voltage drive market growth. The systems utilize pulse width modulation indicators to generate analog signals and determine the frequency fluctuations in a timeframe. Growing acceptance across end user industries on account of their compact size will complement the business landscape. Furthermore, the drives are user-friendly, safe, flexible and reliable, in turn driving the industry growth. 

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4148

The marine industry is set to exceed an annual adoption of 1 million units by 2025. Rising shipbuilding activities specifically in Asia Pacific along with increasing maritime trade will enhance the business outlook. An upsurge in demand for high energy saving, lower operating and maintenance cost, and extended equipment life are some of the major factors strengthening product demand.

The global low voltage drives market is poised to surpass USD 15 billion by 2025, as reported in the latest study by Global Market Insights, Inc. An upsurge in electricity prices, rising demand for optimized energy and introduction of energy efficiency directives will positively influence the low voltage drives market size. Increasing electricity consumption along with strict government regulations and mandates to promote environment sustainability will stimulate product adoption. Ongoing R&D activities accompanied by technical enhancements coupled with rising investments toward infrastructure across developing economies will further complement the industry outlook.

Increasing low voltage drives demand from small and medium enterprises along with rising retrofitting activities across residential, commercial and industrial sectors is projected to stimulate the industry scenario. Moreover, growing incorporation of low energy units on account of compact size and easy installation across food processing, power generation, O&G and textile industries will encourage the business growth.

Browse key industry insights spread across 830 pages with 1,687 market data tables & 34 figures & charts from the report, "Low Voltage Drives Market Size By Power Range (Micro, Low), By Capacity (<2.2 kW, 2.2-7.4 kW, 7.5-22 kW, 23-75 kW, 76-110 kW, 111-500 kW, >500 kW), By Drive (AC {By Efficiency [IE1, IE2, IE3, IE4,]}, DC, Servo), By Technology (Standard, Regenerative), By System (Open Loop, Closed Loop), By Application (Pump, Fan, Conveyor, Compressor, Extruder), By End Use (Oil & Gas, Power Generation, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Textile, Marine) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Norway, Sweden, Poland, Netherlands, Belgium, Denmark, China, Japan, India, Australia, South Korea, Thailand, Singapore, Malaysia, Philippines, Vietnam, Indonesia, Saudi Arabia, UAE, Qatar, Jordan, Iran, South Africa, Nigeria, Egypt, Algeria), Application Potential, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/low-voltage-drives-market

Rapid industrialization, growing awareness toward environment sustainability accompanied by increasing demand for energy efficient systems will strengthen the industry outlook. Increasing investments across manufacturing facilities along with growing concern toward work time safety is anticipated to complement business outlook. Smooth reversing, dynamic speed & torque procedures and long belt life will further stimulate the product penetration.

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

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4148

Browse Related Reports:

Distribution Panel Market By Voltage (Low Voltage(LV), Medium Voltage(MV)), Mounting (Flush Mounting, Surface Mounting), End Use (Residential, Commercial(College/University, Office, Government/Military), Industrial(Power Generation (Thermal), Chemical, Refinery, Cement ), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, France, Germany, Russia, Italy, Austria, Spain, Netherlands, Denmark, Sweden, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Cyprus, Iraq, Israel, Jordan, Lebanon, Palestine, Syria, Brazil, Argentina, Mexico), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/patient-monitoring-devices-market

Thermostat Market By Products (Smart Thermostat, Mechanical Thermostat, Programmable Thermostat), By Distribution Channel (Utility, Retail, Security, HVAC), By Mode of Operation (Line Voltage, Low Voltage, Millivolt), By Application (Residential, Commercial [Educational Institution, Office Buildings, Retail, Hospitals], Industrial) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Italy, Sweden, Denmark, Spain, Russia, China, Japan, South Korea, India, Australia, Malaysia, Indonesia, UAE, Saudi Arabia, Qatar, Oman, Kuwait, Egypt, South Africa, Brazil, Argentina, Peru, Chile), Application Potential, Competitive Market Share, & Forecast, 2019 - 2025

https://www.gminsights.com/industry-analysis/thermostat-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com
Blog: http://express-journal.com
Connect with us: Facebook | LinkedIn | Twitter

Related Images

low-voltage-drives-market.jpg
Low Voltage Drives Market Forecasts 2019-2025
The worldwide low voltage drives market is anticipated to register 4%+ CAGR from 2019 to 2025, supported by increasing focus toward energy efficiency and introduction of stringent government norms to promote environment sustainability.

Related Links

Low Voltage Drives Market Size

Low Voltage Switchgear Market

SOURCE Global Market Insights, Inc.

Related Links

https://www.gminsights.com