AC Drives - Low Power India

Low power AC drives are applied in process and discrete manufacturing industries, commercial buildings, and municipal infrastructure. They provide speed, motion, and torque control for equipment such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, extruders, and printing and textile machines. This research covers hardware, software, and services for the low power AC drives India market, which comprises the micro (<5 kW), low-end (5-40 kW), and midrange (41-200 kW) power segments.

Low Power AC Drives India Market: Encouraging Government Policies and Pent-up Demand Will Reverse the Market Decline

The low power AC drives for India market experienced a decline as demand from industries stumbled due to restrictions of industrial activities, lockdowns, factory shutdowns, and suppressed orders, owing to the pandemic.

The demand will recover, supported by pent-up demand and government funding measures. Encouraging government responses with effective monetary and fiscal policies will improve market conditions in manufacturing and capital investments across many industries. A rising population demands for a larger capacity of plants producing products and the continued need for urban development drives the demand for more infrastructure. To meet this need, industrial operations must expand capacity and increase productivity, all of which is assisted by the use of low power AC drives.  

The market is dominated by ABB, Rockwell Automation, Siemens, Danfoss, and Delta Electronics. Overall, ARC’s analysis suggests that a broad range of products and solutions clearly enables suppliers to garner defensible leadership positions.

Low Power AC Drives Market Strategic Issues 

In addition to providing a five-year market forecast, the low power AC drives market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Users: Cybersecurity Threats

Even though connected infrastructure is essential, end users and operators are reluctant toward the adoption of Industrial IoT. Cybersecurity and perceived loss of intellectual property rights are major threats to the adoption of Industrial IoT. Suppliers need to take cybersecurity into account and steps to increase safety and analyze how the devices detect and combat threats.

Strategic Issue for Suppliers: Component Shortage Puts a Drag on the AC Drives Market 

Supply chain disruptions on account of the COVID-19 pandemic have created electronics component and semiconductor shortages, which can impact product delivery times, thereby impacting supplier revenues.

Strategic Issue for All Market Participants: COVID-19 Pandemic

The COVID-19 outbreak has caused disruptions to supply chains and business operations. While the pandemic impacted the 2020 demand for low power AC drives, the market projections do take into account industry trends with ARC’s best estimates for how the COVID-19 pandemic will impact the market in different industry types.