The Medium Voltage AC Drives Market Research delivers current market analysis plus a five year market and technology forecast. The research is available in multiple editions including worldwide, all regions, and most major countries.
Medium voltage AC drives are applied in process and discrete manufacturing industries and provide speed, motion, and torque control for equipment such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, and extruders. Medium voltage AC drives are predominantly higher power drives that are greater than 0.2 MW. The heavy industries such as mining, metals, electric power generation, cement & glass, water & wastewater, marine, and oil & gas widely use medium voltage AC drives. This global market research covers hardware, software, and services for the medium voltage AC drives market with the following power ranges: >0.2-0.6 MW; >0.6-3 MW; >3-7.5 MW; >7.5-10 MW; >10 MW-20 MW; and >20 MW.
Medium Voltage AC Drives: Investment in Energy Transition for Sustainability Spurs Demand
ARC Advisory Group research on the Medium Voltage AC Drives market reveals that the growing investment in energy transition-related segments, including hydrogen, compressed air energy storage, and carbon capturing & storage, are reshaping the energy landscape. These segments offer sustainable solutions for various industries and are driving the demand for medium voltage AC drives. As industries and governments continue to prioritize the reduction of carbon emissions and embrace clean energy technologies, the demand for medium voltage AC drives is expected to grow further, making them a critical component of the energy transition journey.
Medium Voltage AC Drives Strategic Issues
In addition to providing a five-year market forecast, the medium voltage AC drives market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Seek Solutions to Reduce Harmonics
Medium voltage AC drives produce harmonics on the electric power supply system. These harmonics are of great concern to power regulatory authorities because if there is any deviation from the pure sine wave supply for which electrical equipment is designed, the equipment will not function as well if there is a harmonic component in the line. End users should evaluate medium voltage AC drives suppliers for techniques used to lower the harmonic impact on power lines. It is important for end users to seek medium voltage AC drives to offer low harmonic drives, which use techniques such as an active harmonic filter or the active front end to reduce harmonics.
Global megatrends are rapidly transforming industrial operations. To this end, digitalization presents a huge opportunity for end users and suppliers. Digitalization helps create a path for the transition toward more connected and smarter systems to drive increased end user value. For example, digitalizing the assets and use of cloud-based architecture with predictive analytics enables end users to monitor the health and performance of assets, allowing them to predict equipment failures before they happen, minimizing unnecessary shutdown that can cost millions of dollars.
Leverage Industrial Internet of Things or Industry 4.0
AC drives products are being updated with new features to fulfill many markets’ demands and increase their value proposition, such as the growing demand for smart connected products based on, for example, Industrial IoT or Industry 4.0. Smart connected products provide opportunities to increase operational efficiency from the plant floor to the supply chain by optimizing data, information, and analytics ranging.
Industrial IoT can play a major role in maintenance-related activities, such as remotely monitoring AC drives systems and initiating orders for the replacement of AC drives. While industrial operations generally have a good understanding of both reactive and preventive maintenance, Industrial IoT enhances maintenance approaches by enabling condition-based, predictive, and prescriptive maintenance. Depending on an operation, moving from preventive maintenance to predictive or prescriptive approaches provides significant savings in maintenance labor and MRO materials. With predictive and prescriptive maintenance, near-zero unplanned downtime for critical equipment can be achieved, providing huge business benefits.
Medium Voltage AC Drives Research Formats and Editions Available
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
|MIRA Services||MIRA Workbook||Market Analysis PDF|
|Worldwide (includes regional data)||Yes||Yes||Yes|
|North America (includes regional data)||Yes||Yes||No|
|Europe, Middle East, Africa (includes regional data)||Yes||Yes||No|
|Asia (includes regional data)||Yes||Yes||No|
|Latin America (includes regional data)||Yes||Yes||No|
Table of contents for this research is shown in the following paragraphs.
Worldwide Research Focus Areas
Regional Research Focus Areas
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecasts and Histories
- Market History & Forecast by Country
- Market History & Forecast by Industry