The Australasia Electric Drives Market is expected to grow by US$ 62 million during 2020-2026, progressing at a CAGR of 5.1% during the forecast period.

This industry report offers market estimates and forecasts of the Australasia market, followed by a detailed analysis of the voltage, applications, technology, and countries. The Australasia market data on electric drives can be segmented by voltage: low voltage, and medium voltage. The low voltage is projected to grow at the highest CAGR during the forecast period. Electric drives market is further segmented by applications: oil and gas, power, chemicals, food and beverages, mining, water treatment, heating, ventilation and air conditioning (HVAC), and others. In 2019, the mining segment held the largest share of the market, and the power segment is anticipated to register the highest CAGR during 20202026. Based on technology, the electric drives market is segmented into: alternate current (AC) drive, direct current (DC) drive, and servo drives.

The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.

The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as Australia, and New Zealand the report is a valuable asset for the existing players, new entrants and the future investors.

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