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Medium Voltage AC Drive Market

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Medium Voltage AC Drive Market Key Insights

Medium Voltage AC Drive Market Analysis by Regions

Medium Voltage AC Drive Market Analysis by Segments

Medium Voltage AC Drive Market Size (current and future)

Medium Voltage AC Drive Market Competitive Benchmarking

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2 years ago

Global Medium Voltage AC Drive Market Size study, by Converter Type (Voltage Source Inverter, Current Source Inverter, Load Commutated Inverter) by Application (Pumps, Fans, Compressor, Conveyors, Others (Canes& Hoists)) by Voltage (3KV to 7KV, 7.1 KV to 14KV, 14.1KV to 35KV) by Enclosure (Water Cooler, Air Cooler) by End User (Oil & Gas, Power Generation, Pulp & Paper, Cement, Metal & Mining, Others (HVAC System)) and Regional Forecasts 2021-2027

Bizwit Research

Global Medium Voltage AC Drive Market is valued approximately USD 20.59 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8 % over the forecast period 2021-2027. Alternate Current (AC) drives are electronic devices that control the speed and torque of an electric motor by alternative parameters such as frequency and magnetic flux. Rapidly growing industrializa...

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Medium Voltage AC Drive Market

The market is driven by factors such as increasing demand for passenger vehicles and appliances, growth in renewable energy installations, and increasing government spending on infrastructure. Medium-voltage AC drives are used in industrial applications such as air conditioning, refrigeration, and heating systems. These drives are classified into three types depending on their operating voltage: 110/120/130 volts (AC), 220/230 volts (AC), and 240 volts (DC).

The medium-voltage AC drive market is expected to grow at a CAGR of **% during the forecast period of 2018–2031.

The market has been segmented into North America, Europe, Asia-Pacific, and South America, among other major regions. In the regional segment, in-depth analyses of major nations such as the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India will be presented.

ABB, Schneider Electric, Hitachi, Ltd., Rockwell Automation, Inc., Nidec Industrial Solution, Toshiba Mitsubishi-Electric Industrial System Corporation (TMEIC), Yaskawa Electric Corporation, Honeywell International Inc., Siemens, and Danfoss are the major players in the medium voltage AC drive market.

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