Global Low Harmonic Drives Market 2024-2028
Low Harmonic Drives Market 2024-2028
The low harmonic drives market is forecasted to grow by USD 3791.8 mn during 2023-2028, accelerating at a CAGR of 6% during the forecast period. The report on the low harmonic drives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulatory standards for energy efficiency, rapid industrial growth in emerging economies, and increasing demand for energy efficiency in end-user industries.
Technavio's low harmonic drives market is segmented as below:
By Type
- Low voltage drives
- Medium voltage drives
By End-user
- Oil and gas
- Food and beverage
- Water and wastewater treatment
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing focus of vendors on new product launches as one of the prime reasons driving the low harmonic drives market growth during the next few years. Also, availability of customized and modular low harmonic drive solutions and growing shift toward renewable energy will lead to sizable demand in the market.
The report on the low harmonic drives market covers the following areas:
- Low Harmonic Drives Market sizing
- Low Harmonic Drives Market forecast
- Low Harmonic Drives Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low harmonic drives market vendors that include ABB Ltd., Cone Drive, Danfoss AS, Delta Electronics Inc., Eaton Corp plc, Fuji Electric Co. Ltd., Harmonic Drive LLC, Invertek Drives Ltd, KEB America Inc., Mitsubishi Electric Corp., Nidec Corp., OJ Electronics AS, OMRON Corp., Rockwell Automation Inc., Sango Automation Ltd, Schneider Electric SE, Siemens AG, WEG S.A, and Yaskawa Electric Corp.. Also, the low harmonic drives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.