남미의 전동 드라이브 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the South America electric drives market size was valued at USD 1.83 billion in 2025 and is estimated to grow from USD 1.91 billion in 2026 to reach USD 2.48 billion by 2031, at a CAGR of 5.36% during the forecast period (2026-2031).

South America Electric Drives Market Trends and Insights

Industrial Automation and Brownfield Modernization

Manufacturers are replacing fixed-speed equipment with variable-speed systems in aging production sites across South America. This activity supports replacement demand in the South America Electric Drives Market, especially in Brazil's established industrial areas. The replacement decision increasingly reflects production needs as well as energy savings. Digital commissioning can reduce engineering work and shorten site disruption during complex retrofits. Rockwell Automation reported reduced project-delivery time and engineering effort at Falcare Industrial Equipment in Brazil in February 2026. Suppliers with field technicians and established service networks are better positioned for multi-drive retrofit work.

Motor Efficiency and Energy Cost Reduction Mandates

Brazil's efficiency rules support replacement cycles for older motors and associated control equipment. Pairing an efficient motor with a drive can reduce electricity use in variable-torque applications such as pumps and fans. The United Nations Environment Program identifies motor-system policies as a route to faster deployment of efficient electric motors. The South America Electric Drives Market also benefits when upgrades include harmonic and safety requirements. ABB installed 15 ACQ580 drives and high-efficiency motors at 4 Saneago pumping stations in Goias. The project reduced energy consumption by 25%, equal to more than 6,000 MWh annually, and generated annual savings of BRL 3.4 million (USD 586,000).

High Upfront Cost Versus Contactor Starters

Variable-frequency drive systems can cost 3 to 8 times more than comparable direct-on-line contactor starters. This price gap remains a material barrier for small and medium enterprises with limited access to financing. Higher domestic interest rates in Brazil during 2025 increased the cost hurdle for projects with smaller motor loads. Many operators still assess equipment using purchase cost rather than lifetime electricity use. Large industrial operators can adopt drives through formal energy-management programs, while smaller facilities may continue to select contactors and soft starters. This two-speed purchasing pattern moderates near-term growth in the South America Electric Drives Market.

Other drivers and restraints analyzed in the detailed report include:

1. Mining, Metals, Pulp and Paper, and Water Infrastructure Investment
2. Precision Motion Demand From Battery, Automotive, and Packaging Lines
3. Currency Volatility and Imported Power Electronics Exposure

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

AC drives accounted for 68.47% of product revenue in 2025 and were the largest product category in the South America Electric Drives Market. They are widely used in pumps, fans, air-handling equipment, and compressors because they provide variable-speed control for common industrial loads. Their installed base supports replacement demand across water treatment, food processing, and general manufacturing. DC drives continued to serve older equipment in pulp, printing, and metalworking applications. Servo drives are forecast to grow at a CAGR of 5.92% through 2031.

Servo systems enable precise, repeatable motion in filling, labeling, packaging, electronics, and vehicle assembly. Their growth reflects new automated production capacity in Brazil rather than the scale of the installed AC-drive base. Safety requirements for automated equipment also favor systems with integrated safety functions. Suppliers are positioning servo drives as part of wider motion-control packages. Higher-value applications that need accurate machine control support demand these systems.

Low-voltage drives accounted for 74.62% of revenue in 2025, driven by the large number of motors below 690 V. These systems serve food plants, water networks, HVAC equipment, and discrete manufacturing lines. Their broad installed base provides recurring demand even when larger capital projects are delayed. Medium-voltage drives are forecast to grow at a CAGR of 6.21% through 2031. The low-voltage share reflects volume demand rather than the value of individual orders.

Copper concentrators, offshore compression systems, pulp mills, and high-capacity treatment plants are central applications for medium-voltage equipment. Such projects have longer approval, installation, and service cycles than low-voltage replacements. Electrical systems in new mines are increasingly designed around large electric motors and integrated controls. This approach raises the importance of suppliers that can provide equipment, site support, and long-term maintenance. The South America Electric Drives Market covers voltage tiers with different purchase cycles and customer requirements.

Complete Report Scope:

• By Product
  • AC Drives
  • DC Drives
  • Servo Drives
• By Voltage
  • Low-Voltage Drives
  • Medium-Voltage Drives
• By Power Rating
  • Less Than 250 kW
  • 251-500 kW
  • Above 500 kW
• By End-User Industry
  • Oil and Gas
  • Water and Wastewater
  • Chemicals and Petrochemicals
  • Food and Beverages
  • Power Generation
  • HVAC
  • Pulp and Paper
  • Discrete Industries
  • Other End-User Industries
• By Geography
  • Brazil
  • Chile
  • Argentina
  • Rest of South America

List of Companies Covered in this Report:

1. ABB Ltd
2. Siemens AG
3. WEG S.A.
4. Schneider Electric SE
5. Danfoss A/S
6. Rockwell Automation, Inc.
7. Yaskawa Electric Corporation
8. Mitsubishi Electric Corporation
9. Nidec Corporation
10. Fuji Electric Co., Ltd.
11. Hitachi, Ltd.
12. Toshiba International Corporation
13. Emerson Electric Co.
14. Eaton Corporation plc
15. TMEIC Corporation
16. SEW-EURODRIVE GmbH & Co KG
17. Bonfiglioli Riduttori S.p.A.
18. Lenze SE
19. Parker-Hannifin Corporation
20. Delta Electronics, Inc.
21. Kollmorgen Corporation
22. Envases del Plata S.A.
23. Impress Brasil Embalagens Metalicas Ltda.
24. Metalgrafica Industria e Comercio Ltda.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Industrial Automation and Brownfield Modernization
  • 4.2.2 Motor-Efficiency and Energy-Cost Reduction Mandates
  • 4.2.3 Mining, Metals, Pulp and Paper, and Water Infrastructure Investment
  • 4.2.4 Precision Motion Demand From Battery, Automotive, and Packaging Lines
  • 4.2.5 Local Motor-Drive Ecosystem Expansion Led by Brazilian Manufacturers
  • 4.2.6 Drive-Level Predictive Maintenance for Remote and Harsh-Environment Assets
• 4.3 Market Restraints
  • 4.3.1 High Upfront Cost Versus Contactor Starters
  • 4.3.2 Currency Volatility and Imported Power-Electronics Exposure
  • 4.3.3 Limited Regional Service Skills Outside Major Industrial Hubs
  • 4.3.4 Harmonic, Thermal, and Grid-Compatibility Retrofit Complexity
• 4.4 Impact of Macroeconomic Factors on the Market
• 4.5 Industry Supply Chain Analysis
• 4.6 Regulatory Landscape
• 4.7 Technological Outlook
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Bargaining Power of Suppliers
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Threat of New Entrants
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Product
  • 5.1.1 AC Drives
  • 5.1.2 DC Drives
  • 5.1.3 Servo Drives
• 5.2 By Voltage
  • 5.2.1 Low-Voltage Drives
  • 5.2.2 Medium-Voltage Drives
• 5.3 By Power Rating
  • 5.3.1 Less Than 250 kW
  • 5.3.2 251-500 kW
  • 5.3.3 Above 500 kW
• 5.4 By End-User Industry
  • 5.4.1 Oil and Gas
  • 5.4.2 Water and Wastewater
  • 5.4.3 Chemicals and Petrochemicals
  • 5.4.4 Food and Beverages
  • 5.4.5 Power Generation
  • 5.4.6 HVAC
  • 5.4.7 Pulp and Paper
  • 5.4.8 Discrete Industries
  • 5.4.9 Other End-User Industries
• 5.5 By Geography
  • 5.5.1 Brazil
  • 5.5.2 Chile
  • 5.5.3 Argentina
  • 5.5.4 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 ABB Ltd
  • 6.4.2 Siemens AG
  • 6.4.3 WEG S.A.
  • 6.4.4 Schneider Electric SE
  • 6.4.5 Danfoss A/S
  • 6.4.6 Rockwell Automation, Inc.
  • 6.4.7 Yaskawa Electric Corporation
  • 6.4.8 Mitsubishi Electric Corporation
  • 6.4.9 Nidec Corporation
  • 6.4.10 Fuji Electric Co., Ltd.
  • 6.4.11 Hitachi, Ltd.
  • 6.4.12 Toshiba International Corporation
  • 6.4.13 Emerson Electric Co.
  • 6.4.14 Eaton Corporation plc
  • 6.4.15 TMEIC Corporation
  • 6.4.16 SEW-EURODRIVE GmbH & Co KG
  • 6.4.17 Bonfiglioli Riduttori S.p.A.
  • 6.4.18 Lenze SE
  • 6.4.19 Parker-Hannifin Corporation
  • 6.4.20 Delta Electronics, Inc.
  • 6.4.21 Kollmorgen Corporation
  • 6.4.22 Envases del Plata S.A.
  • 6.4.23 Impress Brasil Embalagens Metalicas Ltda.
  • 6.4.24 Metalgrafica Industria e Comercio Ltda.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment