Home > Semiconductors & Electronics > Automation > Industrial Automation > Medium Voltage AC Drives Market

Medium Voltage AC Drives Market Share

Report ID: GMI5803
Published Date: May 2023
Report Format: PDF

Download Free Sample

Medium Voltage AC Drives Market Share

Major players operating across the medium voltage AC drives market are making strategic alliances and partnerships to introduce enhanced technologies along with focusing on mergers and acquisitions to strengthen their industry presence. Key manufacturers in the industry include

Siemens
ABB
Schneider Electric
General Electric
Fuji Electric CO., Ltd.
Rockwell Automation
Eaton
TMEIC
Danfoss
Emerson Electric Co.
YASKAWA ELECTRIC CORPORATION
Hitachi Hi-Rel Power Electronics Private Limited
Teco Electric & Machinery Pte Ltd
Hiconics Eco-energy Technology Co., Ltd.
Delta Electronics, Inc.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market valuation of medium voltage AC drives was valued at USD 1.5 billion in 2023 and will grow at a 5.9% CAGR through 2032, says this GMI report.

The pump application of medium voltage drives exceeded USD 625 million in 2022 due to the ongoing technological advancements along with the introduction of stringent regulatory norms.

Asia Pacific market for medium voltage AC drives surpassed USD 690 million in 2022 owing to the accelerating investments across the manufacturing sector including increased utilization of high-power machinery.

Siemens, ABB, Schneider Electric, General Electric, Fuji Electric CO., Ltd., Rockwell Automation, Eaton, TMEIC, Danfoss, Emerson Electric Co., Hitachi Hi-Rel Power Electronics Private Limited, Teco Electric & Machinery Pte Ltd, Hiconics Eco-energy Technology Co., Ltd., and Delta Electronics, Inc.