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Medium Voltage Drives Market Share

Report ID: GMI5193
Published Date: Aug 2023
Report Format: PDF

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Medium Voltage Drives Market Share

Major players operating in the medium voltage drives market are

Siemens
Johnson Controls
Danfoss
Eaton
Ingeteam Power Technology, S.A
ABB
WEG
Schneider Electric
Fuji Electric Co., Ltd.
Rockwell Automation
Nidec Industrial Solutions
YASKAWA ELECTRIC CORPORATION
CG Power & Industrial Solutions Ltd
TMEIC
Hitachi Hi-Rel Power Electronics Private Limited
General Electric
Delta Electronics, Inc.
TECO-Westinghouse

These companies are continuously engaging in introduction of new organic & inorganic growth ventures coupled with new product launches, strategic partnerships, mergers, acquisitions, and alliances to boost their product reach and geographical reach.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of medium voltage drives exceeded USD 1.8 billion in 2022 and will register 5.7% CAGR through 2032, due to the rising demand for precise control of motor speed, enhanced energy efficiency operations, and increasing investments across heavy-duty industrial operations worldwide.

Medium voltage drives market size from the AC drive segment reached USD 1.4 billion in 2022, impelled by rising need for process optimization across industries and the expanding demand for motor control solutions.

Asia-Pacific market size for medium voltage drives recorded USD 0.34 billion in 2022 and will witness substantial growth through 2032, due to the fast-paced urbanization & industrialization in the region.

Some of the influential medium voltage drives companies are Siemens, Johnson Controls, Danfoss, Eaton, Ingeteam Power Technology, S.A, ABB, WEG, Schneider Electric, Fuji Electric Co., Ltd., Rockwell Automation, and Nidec Industrial Solutions.