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Asia Pacific Low Voltage Drives Market Top Trends, Future Analysis & Forecast 20

Low Voltage Drives Market

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Asia Pacific Low Voltage Drives Market Top Trends, Future Analysis & Forecast 20

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  1. Asia Pacific Low Voltage Drives Market is expected to be USD 12 Billion by 2030

  2. Industry Overview • Asia Pacific low voltage drives market is anticipated to witness considerable growth in the coming years, driven by decreased operational costs, energy efficiency, and high availability. • Rising environmental concerns have compelled the energy industry leaders to develop efficient, cost-effective technologies that can prove profitable in the long run. To this end, industry players have been experimenting with devices that entail low voltage technologies for minimum operational expenses. • While high voltage technologies entail maximum electricity consumption and lead to power load, low voltage devices ensure optimal safety of the electrical equipment while decreasing power load. The construction of manufacturing facilities in developing nations like India and China would further foster the growth of low voltage drives in the Asia Pacific. • Investments toward energy-efficient projects across the APAC region will particularly contribute to high product sales. Recently, ASEAN Secretariat, the ASEAN Centre for Energy (ACE), and the International Energy Agency (IEA) inked a collaboration agreement to promote Sustainable and Energy Efficient Buildings and Cooling in Southeast Asia.

  3. Continue… • A new Global Market Insights Inc. report cites that the Asia Pacific low voltage drives market is expected to surpass a revenue share of $12 billion through 2030. • Variable temperatures caused by humidity and construction initiatives in the region have increased the demand for HVAC systems, prompting the market players to launch fully functional low voltage AC drives with adjustable speed. New low voltage VFDs with built-in features to adjust the AC’s motor speed and torque are used increasingly in electro-mechanical drive systems. • Industry players operating in the Asia Pacific low voltage drives market are launching multifunctional VFDs to sustain their industry leadership. Citing an instance, Emerson Electric Co., in 2021, has launched Copeland VFD product lines for the seamless deployment of VFDs which can be added to fixed-speed HVACR motors. • Owing to their compact sizes and ease of installation, the low voltage drives have gained widespread traction. The demand is also greatly influenced by rising awareness towards sustainable electricity consumption and renewable energy investments.

  4. Browse Full Market Research Report Of Asia Pacific Low Voltage Drives Market @ https://www.gminsights.com/industry-analysis/asia-pacific-low-voltage-drives-market Inquiry Before Buying@ https://www.gminsights.com/inquiry-before-buying/5373 Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/5373

  5. Asia Pacific Low Voltage Drives Market

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