New ARC Advisory Group research on the Low Voltage AC Drives market reveals that AC drive-based functional safety is vital for organizations striving to optimize processes, reduce costs, and enhance overall efficiency. With integrated drive-based functional safety, the safety functions are implemented into the machine via the drive, reducing the need for external safety components and complex wiring. These drives offer a comprehensive solution that combine the benefits of AC drives with advanced safety functionalities. With the increasing focus on safety in industrial settings, safety integrated AC drives have become a vital component of machine automation.
"The demand for AC drives will continue to grow in emerging economies with the growing demand for infrastructure, energy efficiency, and consumer goods, which will boost the manufacturing sector. The increasing trend to offer integrated safety functions within drives brings numerous advantages to industries and applications. The reduction in required control components, engineering time, cabinet space, and assembly wiring time make integrated safety functions a highly beneficial choice. As technology continues to advance, it is expected that integrated safety functions will become even more prevalent, providing enhanced safety and efficiency,” according to Anju Ajaykumar, Senior Analyst and key author of ARC's Low Voltage AC Drives Market Research.
Low Voltage AC Drives Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Decarbonization
- Intelligent Drive Solutions
- Communication Networks
- High IP AC Drives
- Localization
Leading Suppliers to the Low Voltage AC Drives Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Danfoss, Rockwell Automation, Schneider Electric, Siemens.
About the Low Voltage AC Drives Research
The Low Voltage AC Drives research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts. The research segmentation includes Machinery by Segment, Industry, Customer Type, World Region, Sales Channel, Revenue Category, Voltage, Drive Size, Configuration, Decentralized Package, Hardware by Component, Topology, Overall Scope.
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