Latin America Low-voltage Electric Drives Facts and Figures
The Latin American market for low-voltage electric drives is expected to witness a Compound Annual Growth Rate (CAGR) of 2.4% in revenue from 2024 to 2029, reaching a valuation of USD 412.8 million by the conclusion of 2029.
This market is segmented by product type into three categories: Low-voltage AC drives, Low-voltage DC drives, and Low-voltage servo drives. Notably, the low-voltage AC drives segment emerged as the dominant market segment in 2023, with a projected valuation of USD 349.4 million by 2029. Additionally, the low-voltage servo drives segment is anticipated to demonstrate the highest CAGR of 2.7% during the forecast period from 2024 to 2029.
The low-voltage electric drives market encompasses various sectors including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, among others. The minerals segment is forecasted to achieve USD 97.7 million by 2029, representing a CAGR of 1.9% from 2024 to 2029. Furthermore, the revenue from the discrete manufacturing segment is expected to grow at a CAGR of 2.8% to reach USD 36.3 million in 2029.
Key players in the Latin American low-voltage electric drives market comprise WEG SA, Rockwell Automation, Inc., ABB, Ltd., Siemens AG, Danfoss A/S, Schneider Electric SE, Nidec Corporation, and Yaskawa Electric Corporation. According to a report by Tanalyze Ltd., these top eight companies collectively held an 90% share of the market in 2022, underscoring their significant influence within the industry.
This study aims to analyze the Latin America 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: Brazil, Chile, Colombia, and Latin America.
- 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. Latin America 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. Latin America Low-Voltage Electric Drives Market by End-User
- Part 6. Latin America Low-Voltage Electric Drives Market by Region
- Part 7. Competitive Analysis
- Competition Overview
- WEG SA
- Business Overview
- Contact Information
- Rockwell Automation, Inc.
- Business Overview
- Contact Information
- ABB, Ltd.
- Business Overview
- Contact Information
- Siemens AG
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Nidec Corporation
- Business Overview
- Small Precision Motors
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Latin America Low-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Latin America Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Latin America Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Low-Voltage Electric Drives Market Share by Country, 2023
- Latin America Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- WEG SA Financial Overview (BRL Million)
- WEG SA Revenue, by Region, 2022
- WEG SA Domestic Market Revenue, by Segment, 2022
- WEG SA International Market Revenue, by Region, 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
- 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
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG 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
- 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
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