According to the research report titled ‘America Low Voltage Drives Market Share By Technology, System, Application, Power Range, Capacity, Drive, End-Use, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2019 a?? 2025’ available with market Study Report LLC, America low voltage drives market is anticipated to record substantial growth during 2019-2025.
 

Factors such as surging demand for energy optimization, rapid industrialization, inflating energy prices, and rising investments towards technological development are propelling growth of the America low voltage drives market.
 

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Furthermore, growing awareness pertaining to environmental sustainability, favorable government initiatives towards enhancing energy efficiency, and increasing R&D activities are stimulating the overall market outlook.
 

Based on technology, America low voltage drives market from the regenerative technology segment is anticipated to witness significant growth through 2025. Multiple advantages associated with regenerative technology such as affordability, simple installation, recovery of waste energy, and energy efficiency are impelling the demand for low voltage drives across mechanisms such as elevators and cranes.
 

With regards to end-use terrain, the oil and gas segment is predicted to expand considerably during 2019-2025, owing too rising awareness pertaining to workplace safety coupled with favorable regulations regarding sustainable devices. Other beneficial factors of the product such as minimal voltage fluctuations, high starting torque, low starting current, long belt life, and reliability are fueling the product demand in the oil and gas vertical.
 

Moving on to the drive type, the report states that AC low voltage drives segment is expected to emerge as a major revenue generator for America low voltage drives market over 2019-2025. Factors such as surging product demand from HVAC (heating, ventilation, and air conditioning) applications, stringent speed regulations and increasing product deployment due to advantages such as improved energy-efficiency, high reliability, enhanced power and low maintenance requirements are fostering the growth of the segment.
 

Elaborating on application spectrum, the pumps segment is projected to grow substantially over the analysis timeframe, owing to adjustable operating speed of the product with respect to static head, flow rate, and settling velocity. Other advantages such as energy-efficiency, minimal mechanical stress as well as resonance, and direct torque control are also fueling the expansion of the segment.
 

As per the country-level analysis, the report claims that U.S. is predicted to emerge as major revenue contributor for America low voltage drives market size over 2019-2025. Factors such as growing environmental concerns, escalating energy prices, and increasing adoption of variable frequency drives for centrifugal and reciprocating operations are positively swaying the market dynamics in the United States.
 

Key participants of America low voltage drives market are Eaton Corporation plc, Mitsubishi Electric Corporation, Emerson Electric Co., Danfoss A/S, Hitachi Ltd., Hiconics Drive Technology Co. Ltd., CG Power and Industrial Solutions Ltd., WEG Electric Corp., Rockwell Automation Inc., Schneider Electric, ABB Ltd., Johnson Controls International plc, Siemens AG, and Honeywell International Inc.