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North America Medium Voltage Drives Market Share

  • Report ID: GMI8955
  • Published Date: Apr 2024
  • Report Format: PDF
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North America Medium Voltage Drives Market Share

Company Market Share Analysis, 2023

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Leading manufacturers in the North American medium voltage drives market are focusing on forging strategic partnerships, establishing agreements, making acquisitions, and innovating new products to strengthen their competitive edge in the market. Key players including ABB, Danfoss, Siemens, GE Vernova, Delta Electronics and Yaskawa America inc., among other, holds majority of the market share across the industry.
 

North America Medium Voltage Drives Market Companies

The key market players operating across the industry include:

  • ABB
  • Danfoss
  • Delta Electronics, Inc.
  • Eaton
  • GE Vernova
  • Hitachi Hi-Rel Power Electronics Private Limited
  • Ingeteam Power Technology, S.A
  • Johnson Controls
  • Nidec Industrial Solutions
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • TECO-Westinghouse
  • TMEIC
  • Toshiba International Corporation
  • Triol Corporation
  • WEG
  • Yaskawa America, Inc.
Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

North America medium voltage drives industry size surpassed USD 408.7 billion in 2023 and will grow at a 5.9% CAGR between 2024 and 2032, driven by the increasing need for energy-efficient motor control solutions and the imperative for process optimization across industries.

The pump application segment in the North America medium voltage drives market will record more than 5.5% CAGR up to 2032, primarily due to the escalating demand for efficient and reliable pumps in industries, such as water and wastewater, oil & gas, and manufacturing.

North America medium voltage AC drives market will reach USD 530 million by 2032, owing to rising adoption in industrial settings and the capacity to provide electronic motor drive alternatives with a range of fieldbus connectivity options and advanced control interfaces.

ABB, Danfoss, Delta Electronics, Inc., Eaton, Hitachi Hi-Rel Power Electronics Private Limited, Johnson Controls, Nidec Industrial Solutions, Rockwell Automation, Schneider Electric, Siemens, Toshiba International Corporation, and Triol Corporation

North America Medium Voltage Drives Market Scope

  • North America Medium Voltage Drives Market Size
  • North America Medium Voltage Drives Market Trends
  • North America Medium Voltage Drives Market Analysis
  • North America Medium Voltage Drives Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 18
    • Tables & Figures: 277
    • Countries covered: 3
    • Pages: 210
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