Download free PDF
Large Scale Medium Voltage Drives Market Size - By Voltage, By Cooling Method, By Sales Channel, By Application, By End Use Growth Forecast, 2025 - 2034
Report ID: GMI11736
|
Published Date: October 2025
|
Report Format: PDF
Download Free PDF
Authors: Ankit Gupta, Divyendu Sharma
Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 48
Countries covered: 20
Pages: 155
Download Free PDF
Large Scale Medium Voltage Drives Market
Get a free sample of this report
Get a free sample of this report Large Scale Medium Voltage Drives Market
Is your requirement urgent? Please give us your business email
for a speedy delivery!

Large Scale Medium Voltage Drives Market Size
The global large scale medium voltage drives market was estimated at USD 1.4 billion in 2024. The market is expected to grow from USD 1.5 billion in 2025 to USD 2.6 billion in 2034, at a CAGR of 6.5%, according to a recent study by Global Market Insights Inc.
Market Share15%
Collective market share in 2024 is Market Share 42%
Large Scale Medium Voltage Drives Market Trends
Large Scale Medium Voltage Drives Market Analysis
.
Large Scale Medium Voltage Drives Market Share
Large Scale Medium Voltage Drives Market Companies
Major players operating in the market are:
posted strong results in Q3 2025, with a 28% increase in comparable orders and a 3% rise in revenue, reaching USD 22.6 billion. For the full year 2024, the company reported total revenue of USD 88.5 billion. The company offers enclosed drive systems that are pre-engineered and fully tested for reliable, high-performance operation. These ready-to-use solutions simplify installation and provide flexibility through a wide range of configurable options tailored to specific application, performance, and environmental requirements.
reported strong Q2 2025 results, with revenues reaching USD 8.9 billion, an 8% increase year-over-year and 6% growth on a comparable basis. For the full year 2024, the company achieved total revenue of USD 32.9 billion. The company offers medium voltage drives which cover a wide power range from 200 kW to over 150 MW, offering reliable and high-performance solutions for industrial and utility needs. Designed for versatility, they support applications like pumps, fans, mills, marine propulsion, and grid simulators, ensuring energy efficiency, precise control, and dependable operation in demanding environments.
medium voltage variable speed drive units combine either a load commutated inverter or voltage source inverter with electric motors to provide efficient and flexible, performance across various industrial applications. In the first half of 2025, the company reported USD 17.14 billion in revenue, with full-year 2024 revenue totaling USD 34.93 billion, reflecting strong growth and demand for reliable motor control solutions.
through its expertise in motor technology to deliver drives that enhance efficiency, reliability, and precision in demanding sectors with oil and gas, mining, steel, cement, and power generation. The company’s Silcovert TH variable speed drive is designed for efficient motor control in retrofit applications. Its water-cooled system supports high power output, offers precise control of both induction and synchronous motors while improving energy efficiency and reducing environmental impact.
Large Scale Medium Voltage Drives Industry News
The large scale medium voltage drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) and revenue (USD Million) from 2025 to 2034, for the following segments:
Click here to Buy Section of this Report
Market, By Voltage
Market, By Cooling Method
Market, By Sales Channel
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries: