New ARC Advisory Group research on the Low Voltage AC Drives market reveals that energy savings is a crucial factor for sustainable industrial operations. Technological advancements have made AC drives increasingly sophisticated and intelligent, with many new features and capabilities that are helping to improve the performance and efficiency of industrial automation systems. The onboard intelligence of AC drives allows them to monitor the motor load and identify potential problems early on. This can help to prevent costly downtime and damage to equipment, thereby optimizing operations resulting in considerable energy savings and ensuring a sustainable future.
"With technological advancements, AC drives are becoming smarter and more intelligent and include not just basic motor controls but also program execution capabilities. AC drives with an embedded condition-based monitoring ability provide indications of the condition of the drive, motor, and application. The analytical signals are used to trigger maintenance and make system design improvements. IoT technology has enabled AC drives to stay connected and report real-time data such as machine usage, throughputs, energy consumption, and device health, which can be used to improve efficiency, uptime, and productivity,” according to Anju Ajaykumar, Senior Analyst and key author of ARC's Low Voltage AC Drives Market Research.
Low Voltage AC Drives Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Decarbonization
- Intelligent Drive Solutions
- Communication Networks
- High IP AC Drives
- Localization
Leading Suppliers to the Low Voltage AC Drives Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Danfoss, Rockwell Automation, Schneider Electric, Siemens.
About the Low Voltage AC Drives Research
The Low Voltage AC Drives research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and three years of historical analysis. The research segmentation includes Machinery by Segment, Industry, Customer Type, World Region, Sales Channel, Revenue Category, Voltage, Drive Size, Configuration, Decentralized Package, Hardware by Component, Topology, Overall Scope.
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