低電圧電気ドライブ装置市場の2030年までの予測：タイプ別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、低電圧電気ドライブ装置の世界市場は予測期間中にCAGR 6.3%で成長します。

電気ドライブ装置として知られる電気システムは、電気機械の動きを調整するために使用されます。特定のパラメータを使用することで、電気エネルギーから機械動力への変換を調整します。電圧によって低電圧、中電圧、高電圧、超高電圧に分類されます。低電圧は、国際電気標準会議（IEC）規格IEC 61140：2016で0～1500V DCまたは0～1000V AC RMSと定義されています。交流モーターのトルクと速度は、高出力アプリケーションでは低電圧ドライブ装置によって制御されます。低電圧ドライブ装置は、品質と生産性を向上させ、エネルギー消費を削減し、エネルギー収支をプラスにする特徴があります。

ABB社によると、同社は低電圧電気ドライブ装置の分野で大きな進歩を遂げました。同社は、製品ラインナップを充実させるため、協力や提携に積極的に取り組んできました。特に、ABBは2021年に日立建機と提携し、低電圧電気ドライブ装置とEV充電システムを統合したシステムを開発しました。

低電圧ドライブ装置のプラス面

低電圧ドライブ装置は安価でコンパクトです。生産性を向上させることができ、簡単に利用できます。予測期間中、こうした技術的特性が低電圧電気ドライブ装置市場を牽引します。発展途上国の産業部門の発展により、インフラへの資金も増加しており、市場の拡大に大きな影響を与えています。新しい技術開発と投資の急増により、市場は成長しています。エネルギー効率に関する政府の取り組みやガイドラインも市場拡大を促進しています。しかし、低電圧電気ドライブ装置市場は、人口増加、急速な都市化、エネルギー消費の増加など、多くの要因の結果として拡大しています。

導入コストの高さ

低電圧電気ドライブ装置の世界市場は、予測期間中の成長を阻害すると予想されます。低電圧ドライブ装置の導入は初期資本コストの増加を招き、これが製造企業に負担をかけ、市場の拡大を鈍らせます。さらに、低電圧電気ドライブ装置の市場は、操作と保守のための技術者の不足によって阻害されており、低電圧ドライブ装置の仕様に適合させるために既存の機器をアップグレードしたり交換したりする必要性などの技術的な問題が、低電圧電気ドライブ装置の市場価値を低下させています。

低電圧ドライブ装置の使用の増加

低電圧電気ドライブ装置の世界市場は、予測期間中に成長を促進すると予想されます。市場拡大の有利な機会は、自動車分野での低電圧ドライブ装置の使用増加によってもたらされます。電気自動車は厳しい環境でも使用でき、高い衝撃荷重や振動レベルにも耐えることができるため、市場の成長に貢献します。さらに、エネルギー効率の高いソリューションに対する消費者の意識の高まりが、市場の拡大を促進しています。産業発展のための自動化を支援するための政府支出の増加によっても、低電圧電気ドライブ装置の市場にとって重要な機会がもたらされます。

競合の多さ

低電圧電気ドライブ装置の世界市場は、予測期間中の成長を妨げると予想されます。市場参入企業は、低電圧電気ドライブ装置市場に存在する激しい競争の結果、手ごわい障害に直面しています。数多くのライバルが同等の商品やサービスを提供する結果、価格競争が勃発する可能性があり、市場シェアの維持や利益率の圧迫がさらに強まると予想されます。さらに、企業が競争力を維持するには、常に革新的な製品を提供し、差別化を図り、最先端の機能、生産性の向上、最先端技術を通じて顧客に付加価値を与えなければなりません。

COVID-19の影響：

COVID-19の流行は低電圧電気ドライブ装置市場に大きな影響を与えました。ロックダウン、渡航制限、サプライチェーンの混乱はすべて、さまざまな産業で製造活動を遅らせたり、プロジェクトを遅らせたりする重大な混乱を引き起こしています。低電圧電気ドライブ装置の需要は、パンデミックをめぐる不確実性によって妨げられ、設備投資が慎重になっています。さらに、企業が経験している財政難やインフラプロジェクトへの投資の減少も、市場の拡大を遅らせています。

予測期間中、自動車セグメントが最大となる見込み

予測期間中に市場シェアが最大となるセグメントは自動車産業です。低電圧電気ドライブ装置は、電気自動車（EV）やハイブリッド車の需要が高まるにつれて、自動車用途でますます必要とされるようになっています。これらのドライブ装置は、電動パワーステアリング、HVAC、電動ポンプ、その他の補助システムなど、多くの自動車部品に電力を供給するために必要です。低排出ガスと燃費向上の推進により、自動車メーカーはより多くの電気技術やハイブリッド技術を使用するようになり、自動車業界では低電圧電気ドライブ装置の需要が増加しています。さらに、バッテリー技術の発展と自律走行の重視の高まりにより、自動車分野での低電圧電気ドライブ装置の採用が加速すると予想されます。

予測期間中、サーボドライブ装置セグメントのCAGRが最も高くなる見込み

低電圧電気ドライブ装置市場は、予測期間中サーボドライブ装置セグメントのCAGRが最も高いです。多くの産業が、精密で高性能なモーション制御アプリケーションにサーボドライブ装置を利用しています。サーボドライブ装置は、正確な位置制御、速度制御、トルク制御といった最先端の機能を備えているため、ロボット、CNC機械、包装機器、産業用オートメーションシステムなど、精密な動作が求められる用途に適しています。サーボドライブ装置セグメントの成長は、自動化需要の高まりと、生産性と効率性の向上に対するニーズによって牽引されています。

最大のシェアを持つ地域：

低電圧電気ドライブ装置市場は、予測期間中にアジア太平洋地域で最大のシェアを占めると予想されます。これは、中国、日本、韓国などの重要な製造拠点が存在し、自動車および産業オートメーション部門が栄えていることに起因しています。この地域の市場需要は、これらの産業がさまざまな用途に低電圧電気ドライブ装置を大幅に導入していることが原動力となっています。ただし、市場力学は変化する可能性があるため、低電圧電気ドライブ装置セグメントで最大の市場シェアを持つ地域に関する最新情報を得るには、最新の業界レポートや分析を参照することが極めて重要です。

CAGRが最も高い地域：

予測期間中、低電圧電気ドライブ装置市場のCAGRは欧州地域で最も高くなると予測されています。低電圧電気ドライブ装置市場では、欧州が主要プレーヤーとなっています。同地域では、省エネルギーと持続可能性が重視され、炭素排出を規制する厳しい規制があるため、さまざまな産業で低電圧電気ドライブ装置の需要が高まっています。産業オートメーションとデジタル化のリーダーであるドイツ、フランス、イタリアなどの国々では、製造業が盛んです。低電圧電気ドライブ装置は、電気自動車の普及率の上昇や再生可能エネルギー源への注目の高まりにより、欧州で需要が高まっています。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下のいずれかの無料カスタマイズオプションをご提供いたします：

• 企業プロファイル
  • 追加市場プレイヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 仮定

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の低電圧電気ドライブ装置市場：タイプ別

• ACドライブ装置
• DCドライブ装置
• サーボドライブ装置
• その他のタイプ

第6章 世界の低電圧電気ドライブ装置市場：エンドユーザー別

• 自動車
• 石油・ガス
• 化学・石油化学
• 食品・飲料
• 水・廃水
• 発電
• 金属・鉱業
• パルプ・製紙
• HVAC（暖房・換気・空調）
• ディスクリート産業
• その他のエンドユーザー

第7章 世界の低電圧電気ドライブ装置市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第8章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第9章 会社概要

• ABB Limited
• Beckhoff Automation
• CG Power & Industrial Solutions Ltd.
• Fuji Electric Co., Ltd.,
• Hiconics Eco-energy Technology Co., Ltd.
• Hitachi, Ltd.
• Johnson Controls
• Nidec Corporation
• Rockwell Automation
• Schneider Electric
• Siemens AG
• Yaskawa America, Inc.

List of Tables

• Table 1 Global Low Voltage Electric Drives Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 3 Global Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 4 Global Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 5 Global Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 6 Global Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 7 Global Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 8 Global Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 9 Global Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 10 Global Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 11 Global Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 12 Global Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 13 Global Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 14 Global Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 15 Global Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 16 Global Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 17 Global Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 18 Global Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 19 North America Low Voltage Electric Drives Market Outlook, By Country (2021-2030) ($MN)
• Table 20 North America Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 21 North America Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 22 North America Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 23 North America Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 24 North America Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 25 North America Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 26 North America Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 27 North America Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 28 North America Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 29 North America Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 30 North America Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 31 North America Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 32 North America Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 33 North America Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 34 North America Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 35 North America Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 36 North America Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 37 Europe Low Voltage Electric Drives Market Outlook, By Country (2021-2030) ($MN)
• Table 38 Europe Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 39 Europe Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 40 Europe Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 41 Europe Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 42 Europe Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 43 Europe Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 44 Europe Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 45 Europe Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 46 Europe Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 47 Europe Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 48 Europe Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 49 Europe Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 50 Europe Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 51 Europe Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 52 Europe Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 53 Europe Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 54 Europe Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 55 Asia Pacific Low Voltage Electric Drives Market Outlook, By Country (2021-2030) ($MN)
• Table 56 Asia Pacific Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 57 Asia Pacific Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 58 Asia Pacific Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 59 Asia Pacific Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 60 Asia Pacific Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 61 Asia Pacific Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 62 Asia Pacific Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 63 Asia Pacific Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 64 Asia Pacific Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 65 Asia Pacific Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 66 Asia Pacific Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 67 Asia Pacific Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 68 Asia Pacific Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 69 Asia Pacific Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 70 Asia Pacific Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 71 Asia Pacific Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 72 Asia Pacific Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 73 South America Low Voltage Electric Drives Market Outlook, By Country (2021-2030) ($MN)
• Table 74 South America Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 75 South America Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 76 South America Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 77 South America Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 78 South America Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 79 South America Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 80 South America Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 81 South America Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 82 South America Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 83 South America Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 84 South America Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 85 South America Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 86 South America Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 87 South America Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 88 South America Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 89 South America Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 90 South America Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 91 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Country (2021-2030) ($MN)
• Table 92 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Type (2021-2030) ($MN)
• Table 93 Middle East & Africa Low Voltage Electric Drives Market Outlook, By AC Drives (2021-2030) ($MN)
• Table 94 Middle East & Africa Low Voltage Electric Drives Market Outlook, By DC Drives (2021-2030) ($MN)
• Table 95 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Servo Drives (2021-2030) ($MN)
• Table 96 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Other Types (2021-2030) ($MN)
• Table 97 Middle East & Africa Low Voltage Electric Drives Market Outlook, By End User (2021-2030) ($MN)
• Table 98 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Automotive (2021-2030) ($MN)
• Table 99 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Oil & Gas (2021-2030) ($MN)
• Table 100 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Chemical & Petrochemical (2021-2030) ($MN)
• Table 101 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Food and Beverages (2021-2030) ($MN)
• Table 102 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Water & Wastewater (2021-2030) ($MN)
• Table 103 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 104 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Metal & Mining (2021-2030) ($MN)
• Table 105 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Pulp & Paper (2021-2030) ($MN)
• Table 106 Middle East & Africa Low Voltage Electric Drives Market Outlook, By HVAC(Heating, Ventilation, and Air Conditioning) (2021-2030) ($MN)
• Table 107 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Discrete Industries (2021-2030) ($MN)
• Table 108 Middle East & Africa Low Voltage Electric Drives Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Low Voltage Electric Drives Market is growing at a CAGR of 6.3% during the forecast period. Electrical systems known as electric drives are used to regulate an electrical machine's motion. By using specific parameters, it regulates the conversion of electrical energy into mechanical power. They are divided into low-voltage, medium-voltage, high-voltage, and extra-high-voltage categories based on voltage. Low voltage is defined as either 0 to 1500 V DC or 0 to 1000 V AC RMS by the International Electrotechnical Commission (IEC) Standard IEC 61140:2016. The torque and speed of alternating current motors are controlled by low-voltage drivers in high-power applications. The low-voltage drives have features that improve quality and productivity, reduce energy consumption, and have a positive energy balance.

According to ABB Ltd., it has made significant strides in the field of low voltage electric drives. The company has been actively involved in collaborations and partnerships to enhance its offerings. Notably, ABB partnered with Hitachi Construction Machinery in 2021 to develop an integrated low voltage electric drive and EV charging system.

Market Dynamics:

Driver:

Positive aspects of low-voltage drives

The low-voltage drives are inexpensive and compact. They can increase productivity and are easily accessible. During the forecast period, these technical characteristics will drive the market for low-voltage electric drives. The development of the industrial sector in developing nations is even increasing funding for infrastructure, which has a significant impact on market expansion. The market is growing as a result of new technological developments and a surge in investments. Government initiatives and guidelines for energy efficiency are also promoting market expansion. However, the market for low voltage electric drives is expanding as a result of a number of factors, including population growth, rapid urbanization, and rising energy consumption.

Restraint:

High cost of implementation

The global Low Voltage Electric Drives market expected to hinder growth during the forecast period. Installing low-voltage drives causes an increase in initial capital costs, which puts a strain on manufacturing companies and slows market expansion. Additionally, the market for low-voltage electric drives is hampered by a lack of technical personnel for operation and maintenance, and technical problems like the need to upgrade and replace existing equipment to meet low-voltage drive specifications are lowering the market value of low-voltage electric drives.

Opportunity:

Increased use of low-voltage drives

The global Low Voltage Electric Drives market expected to drive growth during the forecast period. A lucrative opportunity for market expansion is presented by the rise in the use of low-voltage drives in the automotive sector. Electric vehicles can also be used in challenging environment and can withstand high shock loads and vibration levels which help the market grow. Additionally, increased consumer awareness of energy-efficient solutions is promoting market expansion. A significant opportunity for the market for low-voltage electric drives is also presented by an increase in government spending to support automation for industrial development.

Threat:

High Level of Competition

The global Low Voltage Electric Drives market expected to hamper growth during the forecast period. Market participants face formidable obstacles as a result of the fierce competition present in the low-voltage electric drive market. Price wars may break out as a result of numerous rivals providing comparable goods and services, which will put more pressure on maintaining market share and squeezing profit margins. Moreover, businesses must constantly innovate, differentiate their offerings, and add value for customers through cutting-edge features, increased productivity, and cutting-edge technologies if they want to stay competitive.

COVID-19 Impact:

The COVID-19 pandemic has significantly affected the low-voltage electric drive market. Lockdowns, travel restrictions, and supply chain disruptions have all caused significant disruptions that have slowed down manufacturing activities and delayed projects in a variety of industries. The demand for low-voltage electric drives has been hampered by the uncertainty surrounding the pandemic, which has caused capital expenditures to be cautious. Moreover, the financial difficulties that businesses are experiencing and the decreased investment in infrastructure projects have also slowed market expansion.

The automotive segment is expected to be the largest during the forecast period

The segment with the largest market share during the projection period is the automotive industry. Low-voltage electric drives are more and more needed in automotive applications as the demand for electric vehicles (EVs) and hybrid vehicles rises. These drives are necessary to power a number of auto parts, including electric power steering, HVAC, electric pumps, and other auxiliary systems. The push to lower emissions and increase fuel economy has encouraged automakers to use more electric and hybrid technologies, which has increased demand for low-voltage electric drives in the automotive industry. Furthermore, it is anticipated that developments in battery technology and the growing emphasis on autonomous driving will accelerate the adoption of low-voltage electric drives in the automotive sector.

The servo drives segment is expected to have the highest CAGR during the forecast period

The market for low-voltage electric drives has the highest CAGR for the servo drives segment during the anticipated period. Numerous industries utilize servo drives for precise and high-performance motion control applications. They are suitable for applications requiring precise movements, such as robotics, CNC machines, packaging equipment, and industrial automation systems, because they offer cutting-edge features like accurate position control, speed control, and torque control. The growth of the servo drive segment is being driven by the rising demand for automation as well as the need for increased productivity and efficiency.

Region with largest share:

The low-voltage electric drive market is anticipated to have the largest share during the forecast period in the Asia-Pacific region. This can be attributed to the existence of significant manufacturing centers like China, Japan, and South Korea, where the automotive and industrial automation sectors have flourished. The market demand in the area is driven by these industries' substantial deployment of low-voltage electric drives for a variety of applications. However, market dynamics can change, so for the most recent information on the region with the largest market share in the low-voltage electric drive segment, it is crucial to consult the most recent industry reports and analyses.

Region with highest CAGR:

During the anticipated period, the low-voltage electric drive market is anticipated to have the highest CAGR in the Europe region. The market for low-voltage electric drives has seen Europe become a key player. The region's emphasis on energy conservation and sustainability, along with strict regulations governing carbon emissions, has increased demand for low-voltage electric drives in a variety of industries. As leaders in industrial automation and digitalization, nations like Germany, France, and Italy have thriving manufacturing sectors. Low-voltage electric drives are increasingly in demand in Europe as a result of rising electric vehicle adoption rates as well as a growing focus on renewable energy sources.

Key players in the market:

Some of the key players in Low Voltage Electric Drives market include: ABB Limited, Beckhoff Automation, CG Power & Industrial Solutions Ltd., Fuji Electric Co., Ltd., Hiconics Eco-energy Technology Co., Ltd., Hitachi, Ltd., Johnson Controls, Nidec Corporation, Rockwell Automation, Schneider Electric, Siemens AG and Yaskawa America, Inc.

Key Developments:

In 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.

In January 2022, ABB introduced flameproof low-voltage motors in India. The motors operate safely and reliably in explosive situations and include a remote monitoring feature, which expands the company portfolio in the country.

In November 2021, Innovative shaft generators with a Power-Take-Off (PTO) solution, consisting of novel drive systems and permanent magnet technology, will be part of ABB's equipment package for Himilaya Shipping's ultra-large bulk carriers. Low-voltage electric drives and transformers, as well as engineering, project management, and commissioning services, are all included in ABB's comprehensive scope of supply for the Himalaya Shipping vessels.

Types Covered:

• AC Drives
• DC Drives
• Servo Drives
• Other Types

End Users Covered:

• Automotive
• Oil & Gas
• Chemical & Petrochemical
• Food and Beverages
• Water & Wastewater
• Power Generation
• Metal & Mining
• Pulp & Paper
• HVAC(Heating, Ventilation, and Air Conditioning)
• Discrete Industries
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Low Voltage Electric Drives Market, By Type

• 5.1 Introduction
• 5.2 AC Drives
• 5.3 DC Drives
• 5.4 Servo Drives
• 5.5 Other Types

6 Global Low Voltage Electric Drives Market, By End User

• 6.1 Introduction
• 6.2 Automotive
• 6.3 Oil & Gas
• 6.4 Chemical & Petrochemical
• 6.5 Food and Beverages
• 6.6 Water & Wastewater
• 6.7 Power Generation
• 6.8 Metal & Mining
• 6.9 Pulp & Paper
• 6.10 HVAC(Heating, Ventilation, and Air Conditioning)
• 6.11 Discrete Industries
• 6.12 Other End Users

7 Global Low Voltage Electric Drives Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 ABB Limited
• 9.2 Beckhoff Automation
• 9.3 CG Power & Industrial Solutions Ltd.
• 9.4 Fuji Electric Co., Ltd.,
• 9.5 Hiconics Eco-energy Technology Co., Ltd.
• 9.6 Hitachi, Ltd.
• 9.7 Johnson Controls
• 9.8 Nidec Corporation
• 9.9 Rockwell Automation
• 9.10 Schneider Electric
• 9.11 Siemens AG
• 9.12 Yaskawa America, Inc.