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.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 5
Part 2. Scope and Methodology 6
Report Scope 7
Product Type 7
End-User 7
Region 7
Research Methodology 9
Part 3. Low-Voltage Electric Drives Market Overview 11
Summary 11
Introduction 12
Part 4. Europe Low-Voltage Electric Drives Market by Product Type 13
Low-voltage AC Drives Market by End-User 15
Low-voltage DC Drives Market by End-User 17
Low-voltage Servo Drives Market by End-User 19
Part 5. Europe Low-Voltage Electric Drives Market by End-User 21
Part 6. Europe Low-Voltage Electric Drives Market by Region 23
Part 7. Competitive Analysis 24
Competition Overview 24
Siemens AG 25
Business Overview 25
Contact Information 27
ABB, Ltd. 28
Business Overview 28
Contact Information 31
Danfoss A/S 32
Business Overview 32
Contact Information 34
Schneider Electric SE 35
Business Overview 35
Contact Information 37
Rockwell Automation, Inc. 38
Business Overview 38
Contact Information 41
Nidec Corporation 42
Business Overview 42
Small Precision Motors 44
Contact Information 45
Yaskawa Electric Corporation 46
Business Overview 46
Contact Information 48
Toshiba Corporation 49
Business Overview 49
Contact Information 51
Disclaimer 52
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