Medium Voltage AC Drive Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21657

Download Sample Report download
Buy the Full ReportStarting from $3999
Published on

January 2022

Total pages

328

Table of Content

Download Sample Report download
Buy the Full ReportStarting from $3999

About the Report

About the Report

Medium voltage drives are adjustable speed drives used to control the torque and speed of AC motors. The use of these drives in industrial powertrains is increasing, in part due to a reduction in their cost and size. Furthermore, increasing urbanization & industrialization coupled with rising need for energy efficiency and regulations on energy efficiency are major factors driving the AC drives market.

Based on converter type, the market is bifurcated into voltage source inverter, current source inverter, and load commutated inverter. The voltage source inverter segment grabbed significant market share of the Global Medium Voltage AC Drive Market. The growth of the category is mainly due to the growing regulations towards energy efficiency, upgradation & modernization of aging infrastructure for safe & secure electrical distribution systems, and increasing rate of industrialization and urbanization.

Based on enclosure, the market is categorizes into liquid cooled and air cooled. Liquid cooled segment will witness a considerable CAGR during the forecast period owing to growing usage of these drives in the industrial, power, and infrastructure sectors. Moreover, growing energy consumption from various sector is also driving the category's growth. In 2018, the combined energy use by six intensive manufacturing subsectors, i.e., chemicals, petroleum, coal products, paper, primary metals, food, and non-metallic mineral products is equaled 16.9 quadrillion Btu, i.e., 87% of the total manufacturing energy consumption.

On the basis of voltage, the market is classified into 3 KV to 7 KV, 7.1 KV to 14 KV, and 14.1 KV to 35 KV. The 3 KV to 7 KV category is expected to witness highest CAGR during the forecast period. This growth is mainly attributed to rising use of medium voltage AC drive in building automation sector. The growth is fueled by the increasing requirement of energy-efficient facilities as increased prices of energy and the formulation of stringent energy-efficiency policies have made it crucial to check the energy consumption levels in buildings.

Based on application, the medium voltage AC drive market is bifurcated into pumps, fans, compressors, conveyors, and others. In 2020, compressor category to account for XX% share in the global market. Compressors equipped with drives can adjust speed, maximize production efficiency, and improve mechanical resonances. It also reduces operational and electrical stresses on the motor.

On the basis of end-user, the market is classified into Oil & Gas, Water & wastewater, Power generation, Building Automation, Food & Beverage, Metals & Mining, Chemicals & Petrochemicals, and Other. Oil & gas is one of the leading end-user industries of drives. The industry has been witnessing stagnant growth for the past few years owing to the decrease in exploration & production activities.

For a better understanding of the market adoption of Medium Voltage AC Drive, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020. Countries such as China and India are among the major countries considered as the main manufacturing hub for drives. Over the past few years, this region has witnessed rapid economic development. Surging demand for electricity and the growing need to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructure. There has also been a growing initiative towards energy efficiency that increases the demand for medium voltage AC drive.

Some of the major players operating in the market include ABB Ltd., Schneider Electric SE, Hitachi Ltd., Rockwell Automation Inc., NIDEC CORPORATION, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), YASKAWA ELECTRIC CORPORATION, Honeywell International Inc., Siemens AG, and Fuji Electric Co. Ltd.

Products


Companies

ABB Ltd., Schneider Electric SE, Hitachi Ltd., Rockwell Automation Inc., NIDEC CORPORATION, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), YASKAWA ELECTRIC CORPORATION, Honeywell International Inc., Siemens AG, and Fuji Electric Co. Ltd.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stakeholders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Medium Voltage AC Drive Market

2.2. Research Methodology of the Medium Voltage AC Drive Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Medium Voltage AC Drive Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 MEDIUM VOLTAGE AC DRIVE MARKET COVID-19 IMPACT

6 MEDIUM VOLTAGE AC DRIVE MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY CONVERTER TYPE

7.1. Voltage Source Inverter

7.2. Current Source Inverter

7.3. Load Commutated Inverter

8 MARKET INSIGHTS BY ENCLOSURE

8.1. Liquid Cooled

8.2. Air Cooled

9 MARKET INSIGHTS BY VOLTAGE

9.1. 3 KV to 7 KV

9.2. 7.1 KV to 14 KV

9.3. 14.1 KV to 35 KV

10 MARKET INSIGHTS BY APPLICATION

10.1. Pumps

10.2. Fans

10.3. Compressors

10.4. Conveyors

10.5. Others

11 MARKET INSIGHTS BY END-USER

11.1. Oil & Gas

11.2. Water & wastewater

11.3. Power generation

11.4. Building Automation

11.5. Food & Beverage

11.6. Metals & Mining

11.7. Chemicals & Petrochemicals

11.8. Other

12 MARKET INSIGHTS BY REGION

12.1. North America

12.1.1. US

12.1.2. Canada

12.1.3. Rest of North America

12.2. Europe

12.2.1. Germany

12.2.2. UK

12.2.3. France

12.2.4. Italy

12.2.5. Spain

12.2.6. Rest of Europe

12.3. Asia-Pacific

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. Australia

12.3.5. Rest of Asia-Pacific

12.4. Rest of World

13 MEDIUM VOLTAGE AC DRIVE MARKET DYNAMICS

13.1. Market Drivers

13.2. Market Challenges

13.3. Impact Analysis

14 MEDIUM VOLTAGE AC DRIVE MARKET OPPORTUNITIES

15 MEDIUM VOLTAGE AC DRIVE MARKET TRENDS

16 VALUE CHAIN ANALYSIS

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions

17.2.4. Top Merger and Acquisitions

18 COMPETITIVE SCENARIO

18.1. Porter's Five Forces Analysis

18.1.1. Bargaining power of Supplier

18.1.2. Bargaining power of Buyer

18.1.3. Industry Rivalry

18.1.4. Availability of Substitute

18.1.5. Threat of New Entrants

18.2. Competitive Landscape

19 COMPANY PROFILED

19.1. ABB Ltd.

19.2. Schneider Electric SE

19.3. Hitachi Ltd.

19.4. Rockwell Automation Inc.

19.5. NIDEC CORPORATION

19.6. Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)

19.7. YASKAWA ELECTRIC CORPORATION

19.8. Honeywell International Inc.

19.9. Siemens AG

19.10. Fuji Electric Co. Ltd.

20 DISCLAIMER

You can also purchase parts of this report.
Do you want to check out a section wise price list?
Get Price Break-up

Why Buy From US?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022