Asia Pacific Low Voltage Drives Market Top Trends, Future Analysis & Forecast 2022-2030

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

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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
  ACs 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.

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Asia Pacific Low Voltage Drives Market

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