세계의 저전압 AC 드라이브 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of low voltage AC drive Market

The global low voltage AC drive market continues to expand as industries accelerate automation, energy efficiency initiatives, and process optimization. According to the latest data, the market was valued at USD 8.91 billion in 2024, supported by rising adoption across manufacturing and infrastructure sectors. The market is projected to reach USD 9.38 billion in 2025 and further grow to USD 12.14 billion by 2032, driven by increasing urbanization, growth of energy-efficient technologies, and the shift toward intelligent motor control systems.

Industry Overview

Low-voltage AC drives-also known as Variable Frequency Drives (VFDs) or Adjustable Speed Drives (ASDs)-are essential power electronic devices used to control the speed and torque of electric motors by adjusting voltage and frequency. These drives are widely deployed across industries such as HVAC, oil & gas, water treatment, chemicals, and manufacturing to ensure efficiency, reduce operational costs, and improve process automation.

Leading companies such as Danfoss, ABB, Siemens, Schneider Electric, and Fuji Electric are introducing compact, energy-efficient, and IoT-enabled drive technologies suitable for diverse industrial applications.

Market Drivers

Rising Demand from HVAC and Infrastructure Development

The HVAC industry remains one of the most significant contributors to market growth. AC drives help HVAC systems optimize motor performance and reduce energy consumption by enabling variable speed control. In July 2024, LG announced substantial investments in India's HVAC industry focused on System Air Conditioners (SACs), reflecting the market's growing inclination toward advanced, energy-efficient systems.

Infrastructure expansion, including smart grids, smart buildings, and green industrial parks, further supports industry demand. For example, in May 2025, the Government of Maharashtra launched large-scale industrial and logistics parks, increasing the need for automated systems powered by low-voltage AC drives.

Market Restraints

High Upfront Installation Costs

The initial cost of AC drives-including engineering, integration, and installation-remains a major restraint. While these systems offer long-term energy savings, SMEs in particular struggle to adopt them due to limited financial resources and high initial investment requirements.

Market Opportunities

Expansion of Renewable Energy Projects

Global renewable energy expansion is creating strong opportunities for AC drive manufacturers. AC drives are crucial for controlling motors in wind turbines, solar tracking systems, and renewable power plants. The EU's 2023 Renewable Energy Directive, aiming for a 55% reduction in greenhouse gas emissions by 2030, and India's target of 500 GW of non-fossil fuel capacity by 2030, are expected to increase the use of low-voltage AC drives in green energy infrastructure.

Key Market Trends

Shift Toward Compact, Energy-Efficient Drive Systems

Industries are moving toward compact, intelligent, and energy-efficient AC drive solutions, often integrating semiconductor innovations such as SiC and GaN components. Newer multi-axis drives, smart motor-drive systems, and sensor-based monitoring further enhance performance and reduce energy consumption. These advancements are expected to boost adoption as industries transition to Industry 4.0.

Segmentation Insights

By Voltage

The 101-350V segment is projected to dominate due to its widespread use in pumps, fans, compressors, and conveyors. The 351-700V segment is also expanding, particularly in robotics, material handling, and heavy industrial processes.

By Application

The pumps segment held the largest share in 2024, supported by increasing adoption in wastewater treatment, agriculture, HVAC, and industrial processing. AC drives significantly reduce energy consumption by matching pump speed to demand.

By End-User

The power generation segment is expected to dominate the market, as AC drives optimize motor performance in turbines, cooling systems, and compressors. Rapid growth is also seen in oil & gas and water treatment.

Regional Outlook

North America

Growth is driven by expanding automation, rising electricity consumption, and modernization of the power sector. U.S. electricity demand is expected to rise 3% to 5% by 2026, boosting drive installations.

Europe

Stringent efficiency regulations and modernization of industrial infrastructure drive adoption. Germany, Italy, and France lead market demand through strong manufacturing and sustainability initiatives.

Asia Pacific

This region dominated the market in 2024, supported by rapid industrialization and major investments. China's USD 140 billion investment in robotics and industrial technologies (2024) and India's growing manufacturing ecosystem bolster demand.

Latin America & Middle East-Africa

Growth is supported by industrial modernization, renewable projects, and expansion in oil & gas, mining, and construction sectors.

Conclusion

With the market expected to reach USD 12.14 billion by 2032, the global low voltage AC drive industry is poised for sustainable growth driven by industrial automation, renewable energy expansion, and adoption of energy-efficient motor control solutions.

Segmentation By Voltage

• Below 100V
• 101 to 350V
• 351 to 700V

By Application

• Pumps
• Conveyers
• Compressors
• Electric Fan
• Extruders
• Others

By End-User

• Food & Beverage
• Oil & Gas
• Power Generation
• Building Automation
• Metal & Mining
• Water & Wastewater
• Chemicals & Petrochemicals
• Others

By Region

• North America (By Voltage, By Application, By End-User, By Country)
  • U.S.
  • Canada
• Europe (By Voltage, By Application, By End-User, By Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific (By Voltage, By Application, By End-User, By Country)
  • China
  • India
  • Japan
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America (By Voltage, By Application, By End-User, By Country)
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa (By Voltage, By Application, By End-User, By Country)
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariffs on the Global Low Voltage AC Drive Market

5. Global Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Voltage
  • 5.2.1. Below 100V
  • 5.2.2. 101 to 350V
  • 5.2.3. 351 to 700V
• 5.3. Market Analysis, Insights, and Forecast - By Application
  • 5.3.1. Pumps
  • 5.3.2. Conveyers
  • 5.3.3. Compressors
  • 5.3.4. Electric Fan
  • 5.3.5. Extruders
  • 5.3.6. Others
• 5.4. Market Analysis, Insights, and Forecast - By End-User
  • 5.4.1. Food & Beverage
  • 5.4.2. Oil & Gas
  • 5.4.3. Power Generation
  • 5.4.4. Building Automation
  • 5.4.5. Metal & Mining
  • 5.4.6. Water & Wastewater
  • 5.4.7. Chemicals & Petrochemicals
  • 5.4.8. Others
• 5.5. Market Analysis, Insights, and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Latin America
  • 5.5.5. Middle East & Africa

6. North America Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Voltage
  • 6.2.1. Below 100V
  • 6.2.2. 101 to 350V
  • 6.2.3. 351 to 700V
• 6.3. Market Analysis, Insights, and Forecast - By Application
  • 6.3.1. Pumps
  • 6.3.2. Conveyers
  • 6.3.3. Compressors
  • 6.3.4. Electric Fan
  • 6.3.5. Extruders
  • 6.3.6. Others
• 6.4. Market Analysis, Insights, and Forecast - By End-User
  • 6.4.1. Food & Beverage
  • 6.4.2. Oil & Gas
  • 6.4.3. Power Generation
  • 6.4.4. Building Automation
  • 6.4.5. Metal & Mining
  • 6.4.6. Water & Wastewater
  • 6.4.7. Chemicals & Petrochemicals
  • 6.4.8. Others
• 6.5. Market Analysis, Insights and Forecast - By Country
  • 6.5.1. U.S.
  • 6.5.2. Canada

7. Europe Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Voltage
  • 7.2.1. Below 100V
  • 7.2.2. 101 to 350V
  • 7.2.3. 351 to 700V
• 7.3. Market Analysis, Insights, and Forecast - By Application
  • 7.3.1. Pumps
  • 7.3.2. Conveyers
  • 7.3.3. Compressors
  • 7.3.4. Electric Fan
  • 7.3.5. Extruders
  • 7.3.6. Others
• 7.4. Market Analysis, Insights, and Forecast - By End-User
  • 7.4.1. Food & Beverage
  • 7.4.2. Oil & Gas
  • 7.4.3. Power Generation
  • 7.4.4. Building Automation
  • 7.4.5. Metal & Mining
  • 7.4.6. Water & Wastewater
  • 7.4.7. Chemicals & Petrochemicals
  • 7.4.8. Others
• 7.5. Market Analysis, Insights and Forecast - By Country
  • 7.5.1. UK
  • 7.5.2. Germany
  • 7.5.3. France
  • 7.5.4. Italy
  • 7.5.5. Spain
  • 7.5.6. Russia
  • 7.5.7. Rest of Europe

8. Asia Pacific Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Voltage
  • 8.2.1. Below 100V
  • 8.2.2. 101 to 350V
  • 8.2.3. 351 to 700V
• 8.3. Market Analysis, Insights, and Forecast - By Application
  • 8.3.1. Pumps
  • 8.3.2. Conveyers
  • 8.3.3. Compressors
  • 8.3.4. Electric Fan
  • 8.3.5. Extruders
  • 8.3.6. Others
• 8.4. Market Analysis, Insights, and Forecast - By End-User
  • 8.4.1. Food & Beverage
  • 8.4.2. Oil & Gas
  • 8.4.3. Power Generation
  • 8.4.4. Building Automation
  • 8.4.5. Metal & Mining
  • 8.4.6. Water & Wastewater
  • 8.4.7. Chemicals & Petrochemicals
  • 8.4.8. Others
• 8.5. Market Analysis, Insights and Forecast - By Country
  • 8.5.1. China
  • 8.5.2. India
  • 8.5.3. Japan
  • 8.5.4. Australia
  • 8.5.5. Southeast Asia
  • 8.5.6. Rest of Asia Pacific

9. Latin America Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Voltage
  • 9.2.1. Below 100V
  • 9.2.2. 101 to 350V
  • 9.2.3. 351 to 700V
• 9.3. Market Analysis, Insights, and Forecast - By Application
  • 9.3.1. Pumps
  • 9.3.2. Conveyers
  • 9.3.3. Compressors
  • 9.3.4. Electric Fan
  • 9.3.5. Extruders
  • 9.3.6. Others
• 9.4. Market Analysis, Insights, and Forecast - By End-User
  • 9.4.1. Food & Beverage
  • 9.4.2. Oil & Gas
  • 9.4.3. Power Generation
  • 9.4.4. Building Automation
  • 9.4.5. Metal & Mining
  • 9.4.6. Water & Wastewater
  • 9.4.7. Chemicals & Petrochemicals
  • 9.4.8. Others
• 9.5. Market Analysis, Insights and Forecast - By Country
  • 9.5.1. Brazil
  • 9.5.2. Mexico
  • 9.5.3. Rest of Latin America

10. Middle East & Africa Low Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Voltage
  • 10.2.1. Below 100V
  • 10.2.2. 101 to 350V
  • 10.2.3. 351 to 700V
• 10.3. Market Analysis, Insights, and Forecast - By Application
  • 10.3.1. Pumps
  • 10.3.2. Conveyers
  • 10.3.3. Compressors
  • 10.3.4. Electric Fan
  • 10.3.5. Extruders
  • 10.3.6. Others
• 10.4. Market Analysis, Insights, and Forecast - By End-User
  • 10.4.1. Food & Beverage
  • 10.4.2. Oil & Gas
  • 10.4.3. Power Generation
  • 10.4.4. Building Automation
  • 10.4.5. Metal & Mining
  • 10.4.6. Water & Wastewater
  • 10.4.7. Chemicals & Petrochemicals
  • 10.4.8. Others
• 10.5. Market Analysis, Insights and Forecast - By Country
  • 10.5.1. GCC
  • 10.5.2. South Africa
  • 10.5.3. Rest of Middle East & Africa

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2024
• 11.2. Company Profile
  • 11.2.1. ABB
  • 11.2.2. Business Overview
  • 11.2.3. Product and Service Offerings
  • 11.2.4. Recent Developments
  • 11.2.5. Financials (Based on Availability)

12. Similar data will be provided for the below listed companies

• 12.1.
  • 12.1.1. Danfoss Group
  • 12.1.2. Schneider Electric
  • 12.1.3. Siemens
  • 12.1.4. Fuji Electric
  • 12.1.5. Infineon Technologies AG
  • 12.1.6. Parker Hannifin
  • 12.1.7. Rockwell Automation
  • 12.1.8. Toshiba International Corporation
  • 12.1.9. WEG
  • 12.1.10. Yaskawa Electric Corporation