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.
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 8
Part 3. Low-Voltage Electric Drives Market Overview 10
Summary 10
Introduction 11
Part 4. Latin America Low-Voltage Electric Drives Market by Product Type 12
Low-voltage AC Drives Market by End-User 14
Low-voltage DC Drives Market by End-User 16
Low-voltage Servo Drives Market by End-User 18
Part 5. Latin America Low-Voltage Electric Drives Market by End-User 20
Part 6. Latin America Low-Voltage Electric Drives Market by Region 22
Part 7. Competitive Analysis 23
Competition Overview 23
WEG SA 24
Business Overview 24
Contact Information 27
Rockwell Automation, Inc. 28
Business Overview 28
Contact Information 31
ABB, Ltd. 32
Business Overview 32
Contact Information 35
Siemens AG 36
Business Overview 36
Contact Information 38
Danfoss A/S 39
Business Overview 39
Contact Information 41
Schneider Electric SE 42
Business Overview 42
Contact Information 44
Nidec Corporation 45
Business Overview 45
Small Precision Motors 47
Contact Information 48
Yaskawa Electric Corporation 49
Business Overview 49
Contact Information 51
Disclaimer 52
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