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Impact of Siemens’ new acquisition on industrial drive market
Siemens’ acquisition of ebm-papst’s industrial drive technology (IDT) business opens up wider global market access for these products, leveraging Siemens’ extensive global sales channels, says Vanessa Lopez.Read more
Compact multi-axis drive, motor drives reshaping low voltage AC drive market
The demand for more modular, compact machinery has increased innovation within the drives market, leading to the development of space-saving solutions, says Brianna JacksonRead more
Low voltage AC drive shipments exceed 20 m in 2023
According to the market intelligence specialist, the pace of low voltage (LV) AC drive market growth slowed last year and is expected to continue to do so in 2024, with steady growth returning to the global drives market in 2025.Read more
Global low voltage AC drive market reach $14.2 bn: Interact Analysis
Supply chain problems, semiconductor shortages and the war in Ukraine continue to affect global markets, says Interact Analysis report, which expects price rise to continue into 2023.Read more