Market Share of Global Low Voltage Electric Drives Industry
The global low voltage electric drives market is highly fragmented due to several global and regional players. The market trends will be shaped by inorganic growth initiatives, mergers and acquisitions, and ongoing technical improvements. ABB, Siemens, Beckhoff Automation, Emerson Electric Co., Eaton, and Hitachi, Ltd. are some of the significant players in the field.
- November 2021 - Innovative shaft generators with a Power-Take-Off (PTO) solution, consisting of novel drive systems and permanent magnet technology, will be part of ABB's equipment package for Himilaya Shipping's ultra-large bulk carriers. Low-voltage electric drives and transformers, as well as engineering, project management, and commissioning services, are all included in ABB's comprehensive scope of supply for the Himalaya Shipping vessels.
Low Voltage Electric Drives Market Leaders
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ABB Limited
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Siemens AG
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Hitachi, Ltd.
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Nidec Corporation
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Rockwell Automation
*Disclaimer: Major Players sorted in no particular order
