Europe Low-voltage Electric Drives Facts and Figures
The Europe low-voltage electric drives market is projected to grow at a Compound Annual Growth Rate (CAGR) of 2.7% from 2024 to 2029, reaching a value of USD 3,380.9 million by the end of 2029.
This market is categorized based on product type into three segments: Low-voltage AC drives, Low-voltage DC drives, and Low-voltage servo drives. Among these, the low-voltage AC drives segment dominated the market in 2023 and is expected to reach a valuation of USD 2,875.6 million by 2029. Furthermore, it is anticipated to exhibit the highest CAGR of 2.9% during the forecast period from 2024 to 2029.
The Europe low-voltage electric drives market finds its applications across various sectors including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, among others. The discrete manufacturing segment is projected to reach USD 482.7 million by 2029, growing at a CAGR of 3.0% throughout the forecast period. Additionally, the revenue of the food & beverages segment is expected to further increase at a CAGR of 3.6% to reach USD 414.9 million by 2029.
In 2023, the top three countries leading the Europe low-voltage electric drives market are Germany, Italy, and Russia, collectively accounting for approximately 40% market share.
Key players in the Europe low-voltage electric drives market include Siemens AG, ABB, Ltd., Danfoss A/S, Schneider Electric SE, Rockwell Automation, Inc., Nidec Corporation, Yaskawa Electric Corporation, and Toshiba Corporation. According to a report by Tanalyze Ltd., these top eight companies collectively held about 95% market share in 2022, highlighting their significant influence within the industry.
This study aims to analyze the Europe market for various segments of low-voltage electric drives, including:
Product Type: Low-voltage AC Drives, Low-voltage DC Drives, and Low-voltage Servo Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: Germany, Italy, Russia, United Kingdom, France, Poland, Sweden, Spain, and Rest of Europe.
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Low-Voltage Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Europe Low-Voltage Electric Drives Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Part 5. Europe Low-Voltage Electric Drives Market by End-User
- Part 6. Europe Low-Voltage Electric Drives Market by Region
- Part 7. Competitive Analysis
- Competition Overview
- Siemens AG
- Business Overview
- Contact Information
- ABB, Ltd.
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Rockwell Automation, Inc.
- Business Overview
- Contact Information
- Nidec Corporation
- Business Overview
- Small Precision Motors
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- Toshiba Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Europe Low-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Europe Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Europe Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Low-Voltage Electric Drives Market Share by Country, 2023
- Europe Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG Revenue, by Region, 2022
- ABB, Ltd. Financial Overview (USD Million)
- ABB, Ltd. Revenue, by Type, 2022
- ABB, Ltd. Revenue, by Segment, 2022
- ABB, Ltd. Revenue, by Product, 2022
- ABB, Ltd. Revenue, by Region, 2022
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Schneider Electric SE Financial Overview (EUR Million)
- Schneider Electric SE Revenue, by Segment, 2022
- Rockwell Automation, Inc. Financial Overview (USD Million)
- Rockwell Automation, Inc. Revenue, by Segment, 2023
- Rockwell Automation, Inc. Revenue, by Type, 2023
- Rockwell Automation, Inc. Revenue, by Region, 2023
- Nidec Corporation Financial Overview (JPY Billion)
- Nidec Corporation Revenue, by Segment, 2023
- Nidec Corporation Revenue, by Region, 2023
- Nidec Corporation Small Precision Motors Revenue (JPY Billion)
- Yaskawa Electric Corporation Financial Overview (JPY Million)
- Yaskawa Electric Corporation Revenue, by Segment, 2023
- Yaskawa Electric Corporation Revenue, by Region, 2023
- Toshiba Corporation Financial Overview (JPY Million)
- Toshiba Corporation Revenue, by Region, 2023
- Toshiba Corporation Revenue, by Segment, 2023
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