Australia and New Zealand Low & Medium Voltage Drive Market

Low and Medium Voltage Drive Market Size and Share Forecast in Australia and New Zealand (2025 to 2035)

The Australia and New Zealand low and medium voltage drive Market experienced a steady growth with increasing investment in industrial automation and energy efficiency solutions. The mining industry, one of the major end-users, accelerated the implementation of advanced drive systems to optimize energy usage and reduce operational expenses. Similarly, the infrastructure sectors experienced a massive demand for medium-voltage drives, mostly propelled by the integration of renewable energy and water treatment facilities.

Government-sponsored sustainability programs, which were formulating extra budgets for industrial electrification initiatives, also buoyed sustained interest. Supply chain disruptions, however, persisted, especially due to semiconductor shortages, leading to delays in drive system shipments. Still, industry participants localized supply chains and diversified sourcing strategies in response.

Beyond 2025, industry growth will be driven by continued investment in industrial automation, smart grid modernization, and stricter energy efficiency regulations. The rise of drive technology trends, including AI-based predictive maintenance and variable-speed optimization (VSO), continues to also propel the drive industry and its growth.

The industry's long-term growth will be supported by the rising adoption of electric vehicles (EVs) and the increasing demand for efficient power distribution. The low- and medium-voltage drive industry is projected to reach USD 0.81 billion in 2025. It will expand at a CAGR of 3.8% during the estimation period and touch USD 1.17 billion by 2035.

FMI Survey Findings on the ANZ Low and Medium Voltage Drive Industry

Key Priorities of Stakeholders

Regulation Compliance

• 85% of all respondents worldwide considered compliance with the regulations on occupational safety and emergency signals to be a key priority.
• Ruggedness: 78% mentioned that they would appreciate having robust, high-visibility, and long-endurance devices for industrial and emergency use.

Regional Differences

• USA - 72% put top priority there; compared with 38% of Japanese.
• Western Europe: 88% valued energy-efficient equipment (where possible, LED strobes, low-power alarms, etc.) due to strict sustainability mandates vs. 50% in the USA.
• Japan/South Korea: 67% focused on small form factors at facilities with limited space compared to only 30% in the USA.

Use of Advanced Technologies

Regional Trends

• 59% of industrial users in the United States use networked alarm systems (Wi-Fi/Bluetooth connectivity) for real-time monitoring
• 56% of auto warning systems are AI-enabled in Western Europe, 66% in Germany (high safety standards).
• Japan: Only a quarter have adopted smart alarms, which is seen as both due to cost and the unwillingness to move from traditional models.
• South Korea: 40% on voice-based warning alerts (mostly used in urban scale to meet population density).

General Perception of Return on Investment (ROI)

• On the contrary, 73% of American stakeholders agreed that automation is well worth its cost, and 35% of Japanese stakeholders still preferred individual alarm units due to lower initial costs.

Material Preferences

Worldwide Consensus

• Polycarbonate housings 1st preference (62%) due to strength, weather resistance & electrical insulation features.

Regional Variations

• Western Europe: 55% chose aluminum cases (worldwide average: 38%) due to concerns about fire resistance and recycling.
• Japan/South Korea: 44% selected hybrid plastic-metal constructions to fulfill both durability and price criteria.
• United States: 68% wanted industrial-grade ABS plastic for toughness, though areas in the Midwest conveyed a 30% wish to have aluminum.

Price Sensitivity

Shared Challenges

• As many as 86% cited rising material and semiconductor prices as a top concern.

Regional Insights

• USA/Western Europe: 65% would pay 10-20% more for smart connectivity features.
• Japan/South Korea: 72 percent wanted price-sensitive models (
• In South Korea, the highest percentage (50%) chose leasing or subscription models for high-end industrial alarm systems, compared to 22% in the United States.

Pain Points in the Value Chain Upstream.

Manufacturers

• 58% had issues with semiconductor shortages that impacted production;United States:
• There are further diverse elements particularly from Western Europe -50% citing complexities of regulatory approvals (e.g. CE marking, ATEX compliance).
• Japan: 63% lamented weak domestic demand due to reliance on legacy systems.

Distributors

• USA: 68% highlighted supply-chain slowdowns from remote parts suppliers
• Western Europe: 55% cited competition from cheaper Asian producers.
• Japan/South Korea: 60% reported logistical bottlenecks at remote industrial sites.

End-Users (Industrial Users)

• United States: 45% said that high maintenance costs were a top concern.
• Western Europe: 41% struggled to retrofit legacy systems with modern signaling technology.
• Japan: 57% complained of poor technical support for alarms empowered by the Internet of Things.

Investment in Future Priorities

Global Alignment

• According to Statista Research, 72% of manufacturers globally plan to invest in IoT-enabled safety products.

Regional Differences

• 60% would like to invest in multi-tone and multi-frequency modular alarm systems.
• Western Europe: 56% prioritize green & energy-saving designs (e.g., solar devices).
• Japan/South Korea: 47% focus on wireless and miniature solutions in space-constrained facilities.

Regulatory Influence

• United States: 65% cited OSHA and NFPA regulations as key motivators for adopting advanced safety.
• Western Europe:The EU’s Workplace Safety Directive ranked as a powerful incentive, with 83% of respondents identifying it as having significantly increased demand for premium offerings.
• Japan/South Korea: 35% alone said they felt regulation greatly affected buying decisions due to less robust enforcement infrastructures.

Key Global Agreements

• The pressures of safety, strength, and cost remain universal drivers.

Major Regional Differences

• Everything is new in the United States - IoT adoption and smart alarm systems.
• Japan/South Korea: Continued strong support for classic, low-cost solutions.
• Western Europe: Pioneer in Sustainability and Renewables Industry

Strategic Insight

• USA: Focusing on Internet of Things (IoT) enabled solutions.
• Europe: Focus on eco-friendly, energy-efficient devices.
• Asia: Deliver smaller, lower-cost models.

Government Regulations on the Industry

Region	Policy Impact & Regulatory Requirements
Australia (National)	The National Energy Productivity Plan (NEPP) and Minimum Energy Performance Standards (MEPS) generate energy efficiency upgrades for industrial motor systems. The data training will continue until October 203. The Clean Energy Finance Corporation (CEFC) provides financing for businesses and projects investing in energy-efficient technologies.
New South Wales (NSW)	Net Zero Industry and Innovation Program: Fund the electrification of industry. Rebates for high-efficiency drive systems are available through the NSW Energy Savings Scheme (ESS).
Victoria (VIC)	Vic's Victorian Energy Upgrades (VEU) scheme mandates efficiencies from businesses. VRET encourages the adoption of energy-efficient drives and motors.
Queensland (QLD)	Grid Modernization/Industrial Electrification-The QLD Energy and Jobs Plan supports grid modernization. Drive systems must be safely installed following the Electricity Safety Act, which applies to the industrial sectors.
Western Australia (WA)	The Western Australian Clean Energy Future Fund aims to drive energy efficiency into mining and industrial applications. The project is subject to the Electricity (Licensing) Regulations.
South Australia (SA)	South Australia has a Net Zero Target by 2050, which encourages businesses to implement high-efficiency drives. REPS provides incentives for energy-efficient solutions for industry.
Tasmania	Sustainable adoption of drives aligned with Tasmania's Renewable Energy Target (200% by 2040) Compliance with the Electricity Industry Safety and Management Regulations is required.
Northern Territory (NT)	Reliability and efficiency of NT industrial power systems are guaranteed by the NT Electricity Reform Act. Electrifying people in outlying regions is funded by government grants.
New Zealand	Industrial motor efficiency standards are regulated by the Energy Efficiency and Conservation Authority (EECA). The New Zealand Emissions Trading Scheme (NZ ETS) rewards businesses for implementing energy-efficient technologies.

Segment-Wise Analysis

By Voltage Level

The medium-high voltage range (3 kV to 6 kV) is dominating the industry, chiefly because of widespread application in industries such as mining, power generation, and bulk manufacturing. Western Australia and Queensland's mining industry is a principal driver, with a growing demand for medium-voltage drives that enhance operational efficiency and energy savings.

The mid-voltage range of 1 kV to 3 kV is growing rapidly as medium-sized factories transition to more energy-efficient motor control systems. Conversely, the low-voltage range of 230V to 690V is expanding significantly due to its widespread use in commercial buildings, food processing facilities, and HVAC installations.

The 690V to 1 kV segment is gaining popularity in industrial manufacturing facilities that need precise control for high-power equipment. With increasing government support for energy efficiency, demand across all voltage segments is expected to grow steadily.

By Power Rating

In the medium voltage segment, the 1 MW to 3 MW segment is the largest in terms of volume because of its importance in industries like power generation and mining, where medium-sized industrial motors are very common. The >7 MW segment is finding growing use in heavy industries like oil & gas and petrochemicals, especially in offshore operations and big refining complexes.

At the low-voltage side, 750 to 7500 W is the most popular in a range of applications across various industries such as building automation, HVAC, and food processing. The up-to-750 W segment is also developing rapidly, with heightened demand for energy-efficient motor control applications for smaller commercial and residential uses. Automation and digitalization are driving the emergence of the 7500 to 75000 W category in the manufacturing industry, increasing the demand for high-powered low-voltage drives.

By Drive Type

The most dominant among medium-voltage drives are variable frequency drives (VFDs) as a result of the fact that they are capable of offering precise control over speed as well as better energy efficiency when applied to industrial use. Industries such as power generation and mining in Australia are notable users of VFDs.

Direct torque control (DTC) drives are also witnessing significant demand, especially in high-performance applications that involve accurate torque regulation. In the low-voltage segment, VFDs continue to dominate, particularly in commercial complexes, HVAC, and food processing industries.

Servo drives are increasing at a very fast rate due to the increased use of robotics and automation in the manufacturing and packaging sectors. Vector control drives are also increasing in popularity, especially in the industrial sector in New Zealand, as manufacturers look for enhanced motor performance and energy efficiency. Across both voltage classes, sensorless control drives are emerging as a promising technology due to their cost-effectiveness and reduced reliance on external sensors.

By Current Type

AC drives have the largest industry share in both medium and low voltage segments, thanks to their application efficiency in variable-speed applications. Increasing industrial automation adoption, especially in power-hungry sectors like mining, oil & gas, and manufacturing, has stimulated demand for AC drives. HVAC, building automation, and electric vehicle (EV) infrastructure heavily utilize AC drives in the low-voltage segment.

DC drives, although with a lesser industry share, remain viable in niche applications such as railway traction, ship propulsion, and heavy industry equipment. The move toward more efficient motor control solutions is propelling innovation in both AC and DC drive technologies, with greater emphasis on digital connectivity and predictive maintenance.

By Sales Channel

The direct end-user channel dominates the industry because major industries prefer buying from manufacturers directly to get customized solutions, best prices, and hassle-free integration. This approach is mainly applicable to medium-voltage drives for mining, power generation, and heavy manufacturing, where customized solutions are critical. But the distribution/partner channel is also seeing rapid growth, mainly for low-voltage drives in commercial and residential sectors.

Most small and medium-sized enterprises like to purchase through distributors for improved after-sales service and the presence of various brands. Direct system integrators are becoming increasingly popular as companies seek holistic automation solutions that include high-level drive technologies. Digital platforms and e-commerce are also contributing to the transformation of sales channels, enabling companies to source drive systems more flexibly.

By End-Use Industry

Within the medium-voltage industry, the mining and metals industry is the largest end-user, fueled by Australia's internationally prominent mining sector. Mining organizations are making significant investments in energy-efficient drive technology to maximize operational expenses and meet sustainability requirements. The power generation sector is also a major segment, especially as Australia and New Zealand shift toward renewable energy sources that demand sophisticated motor control solutions.

The oil and gas industry is also an important sector, with refineries and offshore platforms incorporating high-performance medium-voltage drives. The building and construction sector is also seeing considerable demand for low-voltage drives, especially for smart buildings and HVAC.

The food and beverage industry is a rapidly developing segment, with manufacturers investing in energy-efficient packaging and processing equipment. The transport industry is another area of rapid growth, with the increasing use of electric cars and rail electrification schemes that demand accurate motor control solutions.

Evolution of the Industry

2020 to 2024	2025 to 2035
Steady expansion became evident in the industry, with increasing take-up of energy-efficient drives under a tightening net of government control.	Faster adoption of high-efficiency drives is due to better implementation of policies and sustainability targets.
The shortage of semiconductors in particular disrupted supply chains, leading to production and purchase delays.	Strengthened supply chain resilience and increased local production investments are reducing reliance on imports.
Automation products had moderate take-up by the traditional end-users, the industrial and mining processes.	There is a higher penetration of automation, AI-inspired motor controls, and digitalization across industrial processes.
Business incentives and government rebates encouraged the adoption of energy-efficient technologies.	Bolder policies and investments in decarbonization and electrification.
Low-voltage drives experienced increased demand in commercial sectors, whereas medium-voltage drives remained predominant in large industries.	Medium-voltage drives are growing in renewable energy generation and infrastructure installations, while low-voltage drives are penetrating into smart buildings and electric vehicle infrastructure.
The industry was fragmented, and multiple players competed across price and technology development.	Consolidation is expected, as leading players are expanding their portfolios through innovation and acquisition.

Macro-Economic Outlook

The low and medium voltage drives (VSDs) for Australia and New Zealand are a segment within the industrial automation and energy efficiency equipment industry and are closely related to the power electronics, manufacturing, and renewable energy sectors. It gets affected by macroeconomic drivers, including infrastructure development, industrial automation, energy transition policies, and global supply chain dynamics.

At a macroeconomic level, the industry responds to government policies aimed at reducing carbon emissions, rising energy costs, and improving energy efficiency in industrial operations. Australia's ambitious net-zero target set for 2050 and its new renewable energy strategy are driving investment in mining, manufacturing, and energy industries.

They remain the major drivers of growth, and automation is a key enabler of optimizing the use of power. Economic cycles, such as commodity price volatility, fuel industrial investments, while supply chain optimization and domestic manufacturing initiatives stabilize the industry. With the drive of industrial digitalization, the demand for smart and AI-enabled motor drives will rise, and the industry will become one of the regional champion industries that will bring the future sustainable energy economy to the region.

Competitive Landscape

The Australia and New Zealand low and medium voltage drive industry faces competition from industry leaders regarding price strategies, technology innovation, strategic alliances, and industry expansions. Many focus on low-cost, low-energy solutions to help companies meet stringent regulations while still providing competitive pricing.

Innovations in AI-based motor controls, IoT-based drives, and predictive maintenance offerings drive this trend. Manufacturers are actively collaborating with OEMs, automation companies, and energy solution providers to increase their industry share.

Local production, acquisitions, and upgrades to a wider service network are used to improve supply chain resilience and are all considered strategies for expansion. Through digital platforms and distribution networks, businesses further expand their customer reach and engagement.

Market Share

ABB Ltd.

Industry share: ~25-30%

ABB is among the top three players in the ANZ low and medium voltage drive industry, where it leverages its extensive global footprint and offerings of innovative drive technologies. ABB is focusing on industries such as mining, water treatment, and manufacturing with an emphasis on energy efficiency and digitalization.

Siemens AG

Industry Share: ~20-25%

With its excellent drive solution, Siemens holds a significant industry share in the ANZ industry and has the potential to integrate into IoT-based systems. The company also specializes in automation and sustainability, both of which align with ANZ's pursuits in green energy and intelligent manufacturing.

Schneider Electric

Industry Share: ~15-20%

Schneider Electric is still a heavyweight with a wide range of low and medium voltage drives. Focusing on modular and scalable solutions has allowed the firm to reinforce its position in areas such as infrastructure and renewable energy.

Danfoss Group

Industry Share: ~10-15%

Danfoss has a notable presence in the ANZ industry, particularly in HVAC and refrigeration applications. Its energy-efficient drives and decarbonization initiative resonate favorably with local sustainability ambitions.

Rockwell Automation

Industry Share: ~5-10%

In 2024, the company's focus on digital transformation and predictive maintenance has gained significant popularity.

WEG Industries

Industry Share: ~5-10%

WEG continues to expand its presence in ANZ, offering affordable and reliable drive solutions. Business development: Growth aided by a focus on emerging industries and renewable energy applications.

Key Developments in 2024

The ANZ low & medium voltage drive industry witnessed significant advancements in 2024, with new technology and strategic decisions driving the evolution. ABB Ltd. has designed a new-generation ACS880 industrial drive with improved energy efficiency and connectivity for Internet of Things applications. ABB's introduction further strengthened their leadership position, particularly in the mining and water treatment sectors, where energy savings are critical.

Siemens AG: Sinamics G220 Series of Drives Siemens AG has introduced its Sinamics G220 Series of drives specifically for HVAC and pump drives. This new series is compatible with Siemens’ MindSphere platform for predictive maintenance and optimization of operations. The choice is consistent with ANZ's growing demand for smart building technologies and energy-efficient infrastructure.

The company also expanded its Altivar Process drive range with an emphasis on modularity and scaling for the needs of industrial drives and partnered with local energy providers to encourage the uptake of renewable energy solutions, adding to its existing hold in ANZ.

In 2024, Danfoss Group made strides with the launch of its VACON NXP Liquid Cooled drives, which are majorly targeted towards heavy industries like mining and marine. Danfoss designed the drives to withstand harsh environments, ensuring dependability and energy efficiency.

Rockwell Automation's news focused on the need for digital transformation, introducing the PowerFlex 6000T medium voltage drives with built-in analytics capabilities. The company's focus on predictive maintenance and remote monitoring resonated with ANZ manufacturers seeking to enhance their efficiency and agility.

WEG Industries has forged further into the ANZ industry with an expanded distribution network as local distributors work to boost penetration. It also introduced its W22 Magnet drive with high efficiency and a small footprint, catering to the region's rising demand for green solutions.

Strategic Recommendations

Growth opportunities: The convergence of AI and IoT-based predictive maintenance solutions in mining, power generation, and other manufacturing sectors offers potential growth for businesses in the Australia and New Zealand low & medium voltage drive industry.

As industries continue to seek real-time operational intelligence, businesses that leverage cloud-based remote monitoring combined with digital twin technology will be at a competitive advantage. Transport and renewable energy are another major opportunity, with smart drive solutions ensuring maximum productivity across EV charging points/grid-based sock systems.

Companies can collaborate with government-sponsored sustainability initiatives to accelerate adoption and secure preferred contracts. Recommendations: To exploit these opportunities, stakeholders shall prioritize local assembly and component manufacturing to prevent supply disruption and enable speedier delivery cycles.

Industries that wish to upgrade existing motor control systems without substantial changes to infrastructure will be eager for modular and retrofit-compatible drive solutions as well. Predictive analytics and AI-driven maintenance solutions will also provide new revenue sources to OEMs, with long-term customer retention ensured. Engaging with energy utilities and regulatory agencies to get ahead of efficiency future requirements will also provide an early-mover advantage for capturing large-scale industrial and infrastructure projects.

Key Players

• Siemens AG
• Delta Power Electronics
• Rockwell Automation
• Eaton
• Nidec
• TMEIC
• TECO-Westinghouse
• Benshaw Applied Motor Controls
• Schneider Electric
• Maschinenfabrik Reinhausen GmbH
• Ametech
• GE Power Conversion
• Yaskawa Electric Corporation
• Fuji Electric Co., Ltd.
• Toshiba International Corporation
• Hitachi Industrial Equipment Systems Co., Ltd.
• CG Power and Industrial Solutions Ltd.
• Delta Electronics, Inc.

Table of Content

1. Executive Summary
2. Overview
3. Key Trends
4. Key Success Factors
5. Demand Analysis 2020 to 2024 and Forecast, 2025 to 2035
6. Pricing Analysis
7. Demand (in Value or Size in USD million) Analysis 2020 to 2024 and Forecast, 2025 to 2035
8. Background
9. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By Voltage Level
   • Medium Voltage Drive
     • Low-Medium Voltage (1 kV - 3 kV)
     • Medium-High Voltage (3 kV - 6 kV)
     • High Voltage (6 kV and above)
   • Low Voltage Drive
     • Up to 230V
     • 230V - 690V
     • 690V - 1 KV
10. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By Power Rating
    • Medium Voltage Drive
      • <1MW
      • 1 MW - 3 MW
      • 3 MW - 7 MW
      • > 7 MW
    • Low Voltage Drive
      • Up to 750 W
      • 750 to 7500 W
      • 7500 to 75000 W
11. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By Drive Type
    • Medium Voltage Drive
      • Variable Frequency Drive (VFDs)
      • Servo Drive
      • Direct Torque Control (DTC) Drive
      • Vector Control Drive
      • Sensorless Control Drive
    • Low Voltage Drive
      • Variable Frequency Drive (VFDs)
      • Servo Drive
      • Direct Torque Control (DTC) Drive
      • Vector Control Drive
      • Sensorless Control Drive
12. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By Current Type
    • Medium Voltage Drive
      • AC
      • DC
    • Low Voltage Drive
      • AC
      • DC
13. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By Sales Channel
    • Direct End-User
    • Direct Machine Builder
    • Direct Systems Integrator
    • Distribution/Partner
14. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, By End-Use Industry
    • Medium Voltage Drive
      • Oil and Gas
      • Mining and Metals
      • Power Generation
      • Chemicals and Petrochemicals
      • Water and Wastewater
      • Marine and Offshore
      • Others
    • Low Voltage Drive
      • Building and Construction
      • Manufacturing
      • Food and Beverage
      • Transportation
      • Agriculture
      • Pharmaceuticals
      • Commercial Facilities
      • Others
15. Industry Analysis 2020 to 2024 and Forecast 2025 to 2035, by Country
    • Australia
    • New Zealand
16. Industry Attractiveness 2020 to 2024 and Forecast 2025 to 2035
17. Industry Structure Analysis
18. Competition Analysis
    • Siemens AG
    • Delta Power Electronics
    • Rockwell Automation
    • Eaton
    • Nidec
    • TMEIC
    • TECO-Westinghouse
    • Benshaw Applied Motor Controls
    • Schneider Electric
    • Maschinenfabrik Reinhausen GmbH
    • Ametech
    • GE Power Conversion
    • Yaskawa Electric Corporation
    • Fuji Electric Co., Ltd.
    • Toshiba International Corporation
    • Hitachi Industrial Equipment Systems Co., Ltd.
    • CG Power and Industrial Solutions Ltd.
    • Delta Electronics, Inc.
19. Primary Insights
20. Assumptions and Acronyms Used
21. Research Methodology

List of Tables

Table 01: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level

Table 02: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating

Table 03: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type

Table 04: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type

Table 05: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel

Table 06: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

Table 07: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

Table 08: Value(US$ million) and Volume ('000 Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 by Country

Table 09: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 10: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level

Table 11: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating

Table 12: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type

Table 13: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type

Table 14: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel

Table 15: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

Table 16: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

Table 17: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level

Table 18: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating

Table 19: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type

Table 20: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type

Table 21: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel

Table 22: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

Table 23: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry

List of Figures

Figure 01: Historical Volume (Units), 2018 to 2022

Figure 02: Volume (Units) Forecast, 2023 to 2033

Figure 03: Pricing Analysis By Product (US$/Unit), 2022

Figure 04: Volume Share (2022A), Product

Figure 05: Historical Value (US$ million), 2018 to 2022

Figure 06: Value (US$ million) Forecast, 2023 to 2033

Figure 07: Absolute $ Opportunity, 2022 - 2033

Figure 08: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 09: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 10: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 11: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 12: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 13: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 14: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 15: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 16: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 17: Incremental $ Opportunity by Voltage Level, 2023 to 2033

Figure 18: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 19: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 20: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 21: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 22: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 23: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 24: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 25: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 26: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 27: Incremental $ Opportunity by Power Rating, 2023 to 2033

Figure 28: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 29: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 30: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 31: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 32: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 33: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 34: Incremental $ Opportunity by Drive Type, 2023 to 2033

Figure 35: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 36: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 37: Industry Attractiveness by Current Type, 2023 to 2033

Figure 38: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 39: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 40: Industry Attractiveness by Current Type, 2023 to 2033

Figure 41: Incremental $ Opportunity by Current Type, 2023 to 2033

Figure 42: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033

Figure 43: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033

Figure 44: Industry Attractiveness by Sales Channel, 2023 to 2033

Figure 45: Incremental $ Opportunity by Sales Channel, 2023 to 2033

Figure 46: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 47: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 48: Industry Attractiveness by End-use Industry, 2023 to 2033

Figure 49: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 50: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 51: Industry Attractiveness by End-use Industry, 2023 to 2033

Figure 52: ANZ Incremental $ Opportunity by End-use Industry, 2023 to 2033

Figure 53: Revenue Share and BPS Analysis by Country - 2023 & 2033

Figure 54: Y-o-Y Growth Projections by Country, 2023 to 2033

Figure 55: Industry Attractiveness by Country, 2023 to 2033

Figure 56: Incremental $ Opportunity By Country, 2023 to 2033

Figure 57: Share and BPS Analysis By Country, 2023 & 2033

Figure 58: Y-o-Y Growth Projections By Country, 2023 - 2033

Figure 59: Attractiveness Analysis By Country, 2023 - 2033

Figure 60: Incremental $ Opportunity By Country, 2023 to 2033

Figure 61: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 62: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 63: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 64: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 65: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 66: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 67: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 68: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 69: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 70: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 71: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 72: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 73: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 74: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 75: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 76: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 77: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 78: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 79: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 80: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 81: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 82: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 83: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 84: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 85: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 86: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 87: Industry Attractiveness by Current Type, 2023 to 2033

Figure 88: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 89: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 90: Industry Attractiveness by Current Type, 2023 to 2033

Figure 91: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033

Figure 92: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033

Figure 93: Industry Attractiveness by Sales Channel, 2023 to 2033

Figure 94: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 95: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 96: Industry Attractiveness by End-use Industry, 2023 to 2033

Figure 97: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 98: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 99: Industry Attractiveness by End-use Industry, 2023 to 2033

Figure 100: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 101: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 102: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 103: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 104: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 105: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 106: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033

Figure 107: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033

Figure 108: Industry Attractiveness by Voltage Level, 2023 to 2033

Figure 109: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 110: Y-o-Y Growth Projections by Power Rating , 2023 to 2033

Figure 111: Industry Attractiveness by Power Rating , 2023 to 2033

Figure 112: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 113: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 114: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 115: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033

Figure 116: Y-o-Y Growth Projections by Power Rating, 2023 to 2033

Figure 117: Industry Attractiveness by Power Rating, 2023 to 2033

Figure 118: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 119: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 120: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 121: Revenue Share and BPS Analysis Drive Type - 2023 & 2033

Figure 122: Y-o-Y Growth Projections by Drive Type, 2023 to 2033

Figure 123: Industry Attractiveness by Drive Type, 2023 to 2033

Figure 124: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 125: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 126: Industry Attractiveness by Current Type, 2023 to 2033

Figure 127: Revenue Share and BPS Analysis by Current Type, 2023 & 2033

Figure 128: Y-o-Y Growth Projections by Current Type, 2023 to 2033

Figure 129: Industry Attractiveness by Current Type, 2023 to 2033

Figure 130: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033

Figure 131: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033

Figure 132: Industry Attractiveness by Sales Channel, 2023 to 2033

Figure 133: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 134: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 135: Industry Attractiveness by End-use Industry, 2023 to 2033

Figure 136: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033

Figure 137: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033

Figure 138: Industry Attractiveness by End-use Industry, 2023 to 2033