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Low voltage AC drives are applied in process and discrete manufacturing industries, commercial buildings, and municipal infrastructure. They provide speed, motion, and torque control for equipment such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, extruders, and printing and textile machines. This research covers hardware, software, and services for the low voltage AC drives market, which comprises the micro (<5 kW), low-end (5-40 kW), midrange (>40-200 kW), high-end (>200 kW-600 kW), and mega (>600 kW) power segments.
ARC Advisory Group research on the Low Voltage AC Drives market reveals that intelligent AC drives with advanced features monitor operational performance, optimize productivity, and enhance efficiency. Innovations in sensor instrumentation, embedded advanced control algorithms, and predictive condition monitoring are critical for connected infrastructure. Connectivity has become a necessity and AC drives are evolving into intelligent sensors, providing real-time drive data as well as data of connected machines, allowing for more visibility into the current condition of the equipment, enabling condition-based monitoring or predictive maintenance, ultimately benefiting plant operation.
In addition to providing a five-year market forecast, the low voltage AC drives market research provides detailed quantitative current market data and addresses key strategic issues as follows.
AC drives products are being updated with new features to fulfill many markets’ demands and increase their value proposition, such as the growing demand for smart connected products based on, for example, Industrial IoT or Industry 4.0. Smart connected products provide opportunities to increase operational efficiency from the plant floor to the supply chain by optimizing data, information, and analytics ranging.
Digitalization helps create a path for the transition toward more connected and smarter systems to drive increased end user value as digitalizing of the assets and use of cloud-based architecture with predictive analytics enables end users to monitor the health and performance of assets, allowing them to predict equipment failures before they happen, minimizing unnecessary shutdowns that can cost millions of dollars.
The new Industrial IoT-enabled connectivity, data management, and predictive analytics capabilities increase customer value. However, this connected environment also makes AC drives systems more vulnerable due to additional entry points for external attacks. Consequently, the successful use of AC drives systems within an overall Industrial IoT ecosystem requires robust cybersecurity. Some automation suppliers collaborate with cloud providers to provide security and offer proactive security products to monitor and manage cybersecurity risks.
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
MIRA Services | MIRA Workbook | Market Analysis PDF | |
---|---|---|---|
Annual Subscription | Yes | No | No |
Worldwide (includes regional data) | Yes | Yes | Yes |
North America (includes regional data) | Yes | Yes | No |
Europe, Middle East, Africa (includes regional data) | Yes | Yes | No |
Asia (includes regional data) | Yes | Yes | No |
Latin America (includes regional data) | Yes | Yes | No |
Table of contents for this research is shown in the following paragraphs.
The research identifies all relevant suppliers serving this market.
List of countries & currencies included in each region: MIRA-Country
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