The global low voltage AC drives market is all set to witness stupendous growth avenues in the upcoming period. Low voltage AC drives offer torque, motion, and speed control to equipment. They are widely used in extruders, pumps, conveyors, compressors, fans, printing machinery, mixers, centrifuges, textile machines, and cranes. Thus, increased demand for all these products is driving the growth of the global low voltage AC drives market.
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AC drives are electronic devices used to change the frequency of an electric motor. This process of changing frequency helps in regulating the magnetic flux and the speed and voltage in a circuit. Low voltage ac drives find application in low voltage operation of diverse commercial buildings, manufacturing industries, and among others. Based on power rating, there are three major types of low voltage AC devices, namely, low power drives, high power drives, and medium power drives.
The global low voltage AC drives market is expanding on the back of plethora of reasons. The market offers noteworthy opportunities for entry of new players, as the production cost of the market products is very less. In addition to this, the swift development of industrial sector and urbanization are fueling the growth of the global low voltage AC drives market.
Market Witnesses Rising Demand on the Back of Diverse Advantages of Low Voltage AC Drives
Low voltage AC drives consume less energy. They are known for minimizing the wear and tear of mechanical components. As a result, they help in reducing the downtime needed for maintenance as well as repairing of low voltage ac drives. Apart from this, the low voltage AC drives are cost-effective when compared to their high voltage AC drives. Owing to all these features, the global low voltage AC drives market is gaining remarkable demand avenues from major industries.
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