New ARC Advisory Group research on the Low Voltage AC Drives market reveals that the need for connected and automated infrastructure will help drive demand for these intelligent products. The COVID-19 pandemic will speed up the adoption of automation solutions to ensure continued manufacturing operations with limited workers, as social distancing becomes the new normal.
“The current COVID-19 pandemic-related lockdowns and supply chain disruptions will accelerate the adoption of digital and automated solutions as industrial manufacturing need to adapt plants and factories to be able to operate with fewer workers onsite. ARC anticipates that will drive demand for low voltage AC drives and other intelligent products during the forecast period,” according to Anju Ajaykumar, Analyst at ARC Advisory Group and key author of ARC’s Low Voltage AC Drives Global Market Research report.
About the Low Voltage AC Drives Global Market Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the low voltage AC drives global market. 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, plus five-year market forecasts by motor voltage, industry, hardware component, and power range.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.