LV AC drives sales hit $14bn in 2023, but growth is slowing
6 February 2024 More than 20 million low-voltage AC drives, worth more than $14bn, were shipped globally during 2023 as the market continued to expand, new data from… Read More
16 Sep 2026
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AUTOMATION FOR MANUFACTURING
prices
6 February 2024 
After falling for years, robot prices rose by 7% during 2022
1 March 2023 Prices charged for industrial robots around the world rose during 2022 for the first time in many years. According to a new report from Interact Analysis,… Read More
LV drive price rises look set to continue as sales hit $14.2bn
13 January 2023 Global semiconductor shortages continued to place strains on the low-voltage variable-speed drives market during 2022, affecting sales and pushing up prices of power modules to… Read More
Surging prices drive LV motor sales up by 21% to $17bn
4 January 2023 The global market for low-voltage AC motors soared by 21.2% during 2022 to hit a total of $17bn. According to the market analyst Interact, the… Read More
UK manufacturers see energy prices as threat to existence
5 September 2022 Nearly six out of ten UK manufacturers (58%) now fear that soaring energy prices are threatening their businesses – up from 8% just four months… Read More
Motion control sales rose by 21.6% in 2021, and prices too
9 August 2022 The global market for motion controls – including servomotors, drives and controls – expanded by 21.6% during 2021 and will grow by a further 9.1%… Read More
Soaring steel costs are hitting motor prices and lead times
27 July 2022 Mushrooming demand for electrical steels for use in EV (electric vehicle) motors is pushing up prices and lengthening lead times for industrial and commercial motors,… Read More
War in Ukraine could hit prices of electric motors and drives
24 March 2022 The conflict between Russia and Ukraine is likely to push up prices of electric motors and variable-speed drives, according to the analyst, Interact Analysis. Russia… Read More
Motor prices soared by 14% in 2021 – and could rise further
3 February 2022 UPDATED: The average global price of low-voltage AC motors soared by 14% during 2021, compared to 2020 levels, and could rise by a further 8.5%… Read More
EMEA drives sales fell by 17.8% in 2020, but global sales rebound
28 October 2021 Global sales of low-voltage AC drives fell by about 8.9% during 2020, with the EMEA region being hit hardest with sales plummeting by 17.8%, according… Read More
