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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

  • BIZ4723470
  • 200 Pages
  • December 2021
  • Energy and Power
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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 industrialization and urbanization is driving the growth for the global medium voltage AC market. Nearly, 70% of all industrial development electrical energy is used to power electric motors. These motors help to reduce CO2 emission and is more energy efficient for the customers. Along with this, government regulation for obtaining energy efficiency is also major factor for growth driver. One with energy saving AC drive reduces wear and tear of mechanical product. Government regulations have boosted AC drives market. For instance, implementation of standards such as IOS 50001 (energy management-system standards) started on June 2011 and the standard is expected to influence up to 60% of global energy used and provide an internationally-recognized. However, decline in Foreign Direct Market (FDIs) and increasing price of these drives would also hinder the market growth during the forecasted period impedes the growth of the market over the forecast period of 2021-2027. Also, major development in urbanization fuel the market and is likely to increase the market growth during the forecast period.

The regional analysis of global Medium Voltage AC Drive market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to significant growth in the rate of urbanization and rising industrialization holds a potential driver in the region. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as oil production in North America which will give leverage the demand of AC drivers there is sustainable growth in industrialization would create lucrative growth prospects for the Medium Voltage AC Drive market across Asia-Pacific region.

Major market player included in this report are:

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

Danfoss

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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 Cooled

Air Cooled

By End Users:

Oil & Gas

Power Generation

Pulp & Paper

Cement

Metal & Mining

Others (HVAC System)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Medium Voltage AC Drive Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Medium Voltage AC Drive Market, by Region, 2019-2027 (USD Billion)

1.2.2. Medium Voltage AC Drive Market, by Converter Type, 2019-2027 (USD Billion)

1.2.3. Medium Voltage AC Drive Market, by Application, 2019-2027 (USD Billion)

1.2.4. Medium Voltage AC Drive Market, by Enclosure, 2019-2027 (USD Billion)

1.2.5. Medium Voltage AC Drive Market, by End User, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Medium Voltage AC Drive Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Medium Voltage AC Drive Market Dynamics

3.1. Medium Voltage AC Drive Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rapidly growing industrialization and urbanization

3.1.1.2. Government Regulation for Obtaining Energy Efficiency

3.1.2. Market Challenges

3.1.2.1. Decline in Foreign Direct Market (FDIs)

3.1.3. Market Opportunities

3.1.3.1. Major development in urbanization fuel the market

Chapter 4. Global Medium Voltage AC Drive Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Medium Voltage AC Drive Market, by Converter Type

5.1. Market Snapshot

5.2. Global Medium Voltage AC Drive Market by Converter Type, Performance - Potential Analysis

5.3. Global Medium Voltage AC Drive Market Estimates & Forecasts by Converter Type 2018-2027 (USD Billion)

5.4. Medium Voltage AC Drive Market, Sub Segment Analysis

5.4.1. Voltage Source Inverter

5.4.2. Current Source Inverter

5.4.3. Load Commutated Inverter

Chapter 6. Global Medium Voltage AC Drive Market, by Application

6.1. Market Snapshot

6.2. Global Medium Voltage AC Drive Market by Application, Performance - Potential Analysis

6.3. Global Medium Voltage AC Drive Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

6.4. Medium Voltage AC Drive Market, Sub Segment Analysis

6.4.1. Pumps

6.4.2. Fans

6.4.3. Compressors

6.4.4. Conveyors

6.4.5. Others (Canes & Hoists)

Chapter 7. Global Medium Voltage AC Drive Market, by Voltage

7.1. Market Snapshot

7.2. Global Medium Voltage AC Drive Market by Voltage, Performance - Potential Analysis

7.3. Global Medium Voltage AC Drive Market Estimates & Forecasts by Voltage2018-2027 (USD Billion)

7.4. Medium Voltage AC Drive Market, Sub Segment Analysis

7.4.1. 3KV to 7KV

7.4.2. 7.1 KV to 14KV

7.4.3. 14.1 KV to 35KV

Chapter 8. Global Medium Voltage AC Drive Market, by Enclosure

8.1. Market Snapshot

8.2. Global Medium Voltage AC Drive Market by Enclosure, Performance - Potential Analysis

8.3. Global Medium Voltage AC Drive Market Estimates & Forecasts by Enclosure2018-2027 (USD Billion)

8.4. Medium Voltage AC Drive Market, Sub Segment Analysis

8.4.1. Water Cooler

8.4.2. Air Cooler

Chapter 9. Global Medium Voltage AC Drive Market, by End Users

9.1. Market Snapshot

9.2. Global Medium Voltage AC Drive Market by End Users, Performance - Potential Analysis

9.3. Global Medium Voltage AC Drive Market Estimates & Forecasts by End Users 2018-2027 (USD Billion)

9.4. Medium Voltage AC Drive Market, Sub Segment Analysis

9.4.1. Oil & Gas

9.4.2. Power Generation

9.4.3. Pulp & Paper

9.4.4. Cement

9.4.5. Metal & Mining

9.4.6. Other (HVAC System)

Chapter 10. Global Medium Voltage AC Drive Market, Regional Analysis

10.1. Medium Voltage AC Drive Market, Regional Market Snapshot

10.2. North America Medium Voltage AC Drive Market

10.2.1. U.S. Medium Voltage AC Drive Market

10.2.1.1. Converter Type breakdown estimates & forecasts, 2018-2027

10.2.1.2. Application breakdown estimates & forecasts, 2018-2027

10.2.1.3. Voltage breakdown estimates & forecasts, 2018-2027

10.2.1.4. Enclosure breakdown estimates & forecasts, 2018-2027

10.2.1.5. End Users breakdown estimates & forecasts, 2018-2027

10.2.2. Canada Medium Voltage AC Drive Market

10.3. Europe Medium Voltage AC Drive Market Snapshot

10.3.1. U.K. Medium Voltage AC Drive Market

10.3.2. Germany Medium Voltage AC Drive Market

10.3.3. France Medium Voltage AC Drive Market

10.3.4. Spain Medium Voltage AC Drive Market

10.3.5. Italy Medium Voltage AC Drive Market

10.3.6. Rest of Europe Medium Voltage AC Drive Market

10.4. Asia-Pacific Medium Voltage AC Drive Market Snapshot

10.4.1. China Medium Voltage AC Drive Market

10.4.2. India Medium Voltage AC Drive Market

10.4.3. Japan Medium Voltage AC Drive Market

10.4.4. Australia Medium Voltage AC Drive Market

10.4.5. South Korea Medium Voltage AC Drive Market

10.4.6. Rest of Asia Pacific Medium Voltage AC Drive Market

10.5. Latin America Medium Voltage AC Drive Market Snapshot

10.5.1. Brazil Medium Voltage AC Drive Market

10.5.2. Mexico Medium Voltage AC Drive Market

10.6. Rest of The World Medium Voltage AC Drive Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. ABB

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Schneider Electric

11.2.3. Hitachi, Ltd.

11.2.4. Rockwell Automation, Inc.

11.2.5. Nidec Industrial Solution

11.2.6. Toshiba Mitsubishi-Electric Industrial System Corporation (TMEIC)

11.2.7. Yaskawa Electric Corporation

11.2.8. Honeywell International Inc.

11.2.9. Siemens

11.2.10. Danfoss

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. Global Medium Voltage AC Drive market, report scope

TABLE 2. Global Medium Voltage AC Drive market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Medium Voltage AC Drive market estimates & forecasts by Converter Type 2018-2027 (USD Billion)

TABLE 4. Global Medium Voltage AC Drive market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 5. Global Medium Voltage AC Drive market estimates & forecasts by Voltage 2018-2027 (USD Billion)

TABLE 6. Global Medium Voltage AC Drive market estimates & forecasts by Enclosure 2018-2027 (USD Billion)

TABLE 7. Global Medium Voltage AC Drive market estimates & forecasts by End Users 2018-2027 (USD Billion)

TABLE 8.

TABLE 9. Global Medium Voltage AC Drive market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Medium Voltage AC Drive market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Medium Voltage AC Drive market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Medium Voltage AC Drive market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Medium Voltage AC Drive market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Medium Voltage AC Drive market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Medium Voltage AC Drive market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Medium Voltage AC Drive market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Medium Voltage AC Drive market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Medium Voltage AC Drive market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. U.S. Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. U.S. Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. U.S. Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 22. Canada Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. Canada Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. Canada Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. UK Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 26. UK Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. UK Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Germany Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 29. Germany Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. Germany Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. RoE Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 32. RoE Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. RoE Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. China Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 35. China Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. China Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. India Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 38. India Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. India Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Japan Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 41. Japan Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. Japan Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. RoAPAC Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 44. RoAPAC Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. RoAPAC Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. Brazil Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 47. Brazil Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. Brazil Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. Mexico Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 50. Mexico Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. Mexico Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. RoLA Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 53. RoLA Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. RoLA Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Row Medium Voltage AC Drive market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 56. Row Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. Row Medium Voltage AC Drive market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. List of secondary sources, used in the study of global Medium Voltage AC Drive market

TABLE 59. List of primary sources, used in the study of global Medium Voltage AC Drive market

TABLE 60. Years considered for the study

TABLE 61. Exchange rates considered

 
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