PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1433998
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1433998
Power Generation Low Voltage AC Drives Market Size, By Power Range (Low, Medium), By Efficiency Class (IE 1, IE 2, IE 3, IE 4), & Forecast, 2024 - 2032
The power generation low voltage AC drives market is anticipated to record 5% CAGR from 2024 to 2032 owing to the surge in demand for energy-efficient solutions. For instance, by 2030, the European commission plans to reduce net greenhouse gas emissions by 55%.
Technological advancements and a growing emphasis on sustainability is influencing the product demand. The collective push towards efficiency, cost-effectiveness, and environmental stewardship is underscoring the pivotal role in the evolving landscape of power generation applications.
The power generation low voltage AC drives market is classified based on power range, efficiency class, and region.
The micro power range segment is predicted to witness substantial growth through 2032 as industries increasingly seek compact and versatile solutions. These drives offer a perfect synergy of size and performance, catering to the evolving needs of modern power generation applications. The micro power range segment is expected to exhibit robust growth, driven by its ability to enhance system efficiency, reduce energy consumption, and provide precise control over power generation processes.
The IE 1 efficiency class segment is expected to record strong CAGR from 2024 to 2032. As energy regulations become more stringent, industries are actively seeking solutions that not only meet but exceed efficiency standards. It has the ability to deliver superior energy performance, thereby reducing operational costs and minimizing environmental impact. The shift towards higher efficiency classes underscores a commitment to sustainability and aligns with global efforts to create more energy-efficient power generation systems.
North America power generation low voltage AC drives market size will expand significantly through 2032 owing to the robust industrial sector, coupled with a strong emphasis on upgrading existing infrastructure. The deployment of low voltage AC drives is driven by the need for improved energy efficiency, reduced downtime, and enhanced operational flexibility. With a favorable regulatory environment and a proactive approach towards adopting innovative technologies, North America is poised to make substantial contributions to the overall industry growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Power generation low voltage AC drives industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Power range trends
- 2.1.3 Efficiency class trends
- 2.1.4 Regional trends
Chapter 3 Power Generation Low Voltage AC Drives Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 COVID- 19 impact on the industry outlook
- 3.5 Growth potential analysis
- 3.6 Porter's Analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.7 PESTEL Analysis
Chapter 4 Competitive landscape, 2023
- 4.1 Strategic dashboard
- 4.2 Innovation & sustainability landscape
Chapter 5 Power Generation Low Voltage AC Drives Market, By Power Range ('000 Units & USD million)
- 5.1 Key power range trends
- 5.2 Micro
- 5.3 Low
Chapter 6 Power Generation Low Voltage AC Drives Market, By Efficiency Class ('000 Units & USD million)
- 6.1 Key efficiency class trends
- 6.2 IE 1
- 6.3 IE 2
- 6.4 IE 3
- 6.5 IE 4
- 6.6 Others
Chapter 7 Power Generation Low Voltage AC Drives Market, By Region ('000 Units & USD million)
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Denmark
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 South Korea
- 7.5 Middle East & Africa
- 7.5.1 Saudi Arabia
- 7.5.2 UAE
- 7.5.3 South Africa
- 7.6 Latin America
- 7.6.1 Brazil
- 7.6.2 Argentina
Chapter 8 Company Profiles
- 8.1 General Electric
- 8.2 Siemens
- 8.3 ABB
- 8.4 Fuji Electric CO., Ltd.
- 8.5 Schneider Electric
- 8.6 Rockwell Automation
- 8.7 Eaton
- 8.8 Yaskawa Electric Corporation
- 8.9 WEG
- 8.10 Delta Electronics, Inc.
- 8.11 Nidec Industrial Solutions
- 8.12 Danfoss
- 8.13 Sprint Electric Limited
- 8.14 PARKER HANNIFIN CORP
- 8.15 Hitachi Hi-Rel Power Electronics Private Limited
- 8.16 Toshiba International Corporation
