The global Low voltage AC drives market is projected to grow at a CAGR of 5.14% from US$13.275 billion in 2022 to US$18.856 billion in 2029 during the forecast period.
Low voltage (LV) drives can cover the voltage range of 100 to 690 volts and power from several watts to megawatts. The benefit of the low voltage AC drives is standard products offering by a wide range of manufacturers. The drive system can be connected to the grid and generates a 3-phase voltage which is variable in amplitude and frequency. This is useful in controlling of the electrical motor in torque and speed.
The adaptation of energy-efficient electrical equipment in residential and commercial purposes, the application of low-voltage AC drives has the significant growth. The demand is further increased by the product adaptation of products such as elevators, fans, pumps, Air-conditioning fans, food machines, crane/automatic warehouses, oil & gas industry.
Further, the adaptation of the product is driven by the growing trend of urbanization and industrialization in developing economies. The emerging economies are looking for products that are sustainable and cost-saving.
The integration of low-voltage AC drives with Industrial Internet of Things (IIoT) platforms allows for remote monitoring, diagnostics, and predictive maintenance of motor-driven systems. This integration improves asset management and operational efficiency, and cost savings.
UCC57108-Q1 product by Texas Instruments Incorporated has the capacity for applications such as PTC heaters, traction inverter active discharge circuits, and subsystems. This device is operating within the temperature range of -40 to 125 (°C). It gives automotive solutions to the single-channel, high-performance low-side IGBT/SiC gate driver. The system is programmed for the soft turn-off, programmable delay, and thermal shutdown function for protection.
The market is driven by the functioning of internet-connected systems for energy efficiency and better control. The application of AI (artificial intelligence) further expanded the innovation in the market. AI (artificial intelligence) has multiple applications in the electrical market from power-saving devices to remote sensing.
The need for heating, ventilation, and air conditioning (HVAC) systems is increasing owing to urbanization, infrastructural development, and changing climatic conditions. Low-voltage AC drives are used in HVAC applications to regulate the speed of motors in fans, pumps, and compressors, resulting in increased energy efficiency and system performance.
One of the products is the U1000, a compact, all-in-one solution for low harmonics and complete regeneration that provides excellent flexibility and motor control performance. It complies with IEEE 519 standards, saves energy, and has a multi-language LCD, continuous auto-tuning, high-frequency injection, communication options, DriveWizard computer software, USB Copy Unit, and keypad configuration storing.
Overall, the rising demand for energy-efficient and high-performance HVAC solutions is driving the adoption of low-voltage AC drives across residential, commercial, and industrial sectors, contributing significantly to its global market growth.
Installing and integrating low-voltage AC drives into existing systems can be difficult, requiring knowledge in electrical engineering, programming, and system integration. Some firms may encounter difficulties adapting AC drives to older equipment as it would cause difficulty for the adaptation.
Low-voltage AC drives are segmented by power range into micro and low. This division further gets into the size of the device capacity such as less than 7.5 kW, between 7.5 kW to 22 kW, between 22 kW to less than 75 kW, between 75 kW to greater than 110 kW, 110 kW to 500 kW, and greater than 500 kW. The device applies to various end-user industries such as automotive, oil and gas, government chemical and petroleum, metal and mining, HVAC, pulp and paper, and others. The automotive industry demand is driven by the demand for electric vehicles, oil and gas industry is driven by the general increase in demand for energy consumption.
North America has a well-developed industrial infrastructure across various manufacturing, oil and gas, automotive, chemicals, and food and beverage sectors. These industries heavily rely on automation and motor control solutions, driving the demand for low-voltage AC drives.
Electricity has been an essential part of the modern economy and life of Americans. People use electricity for various purposes such as appliances, computers, electronics, machinery, and public transportation systems. The consumption of electricity for the US economy was about 4.07 trillion kWh in 2022. This is an increase from 2021 to 3.2%. The industrial sector share of U.S. electricity was 26.0% in the year 2022.
The large amount of electricity consumed in the United States needed devices for applications such as Low-voltage AC drives for to adjust the speed and torque of standard AC motors. The benefits of low-voltage AC drives include energy savings, easy installation, and overall ease of use. The market in North America would be driven by the increased demand for electricity in various industrial domains.