The Medium Voltage AC Drives Market Research Study delivers current market analysis plus a five year market and technology forecast. The study 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 report 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.
Emerging Economies to Witness Continuous Demand for Medium Voltage AC Drives
Emerging economies with continuing demand for new infrastructure and their growing middle class with the potential for strong consumer spending, form a solid foundation for the long-term growth of the medium voltage AC drives market. The emerging middle class will also create additional demand for automobiles, white goods, and packaged goods in markets such as China, India, and other emerging regions. This will increase capital investments in other connected industries as well, such as metals, plastic & rubber, oil & gas, and chemical. Urbanization and population growth will boost building construction, benefiting the cement & glass industry.
Medium Voltage AC Drives Strategic Issues
Strategic Issue for Users: Cybersecurity Threats
Even though connected infrastructure is essential, end users and operators are reluctant toward Industrial IoT adoption. Cybersecurity and perceived loss of intellectual property rights are major threats to the adoption of Industrial IoT. Suppliers need to take cybersecurity into account and take steps to increase safety and how the devices detect, analyze, and combat threats.
Strategic Issue for Suppliers: Volatile Oil and Gas Industry
The oil and gas industry witnessed growth in 2019; however, the dispute between Russia and Saudi Arabia and fuel demand collapse due to COVID-19 pandemic plunged the oil prices to negative in early 2020, disrupting the planned investment activity and supply chain.
Strategic Issue for All Market Participants: Economic Decline Due to COVID-19
The COVID-19 outbreak has caused disruptions to global supply chains and business operations. While the pandemic did not impact the 2019 demand for medium voltage AC drives, the market projections do take into account industry trends with ARC’s best estimates for how COVID-19 will impact the AC drives market in different industries.
Medium Voltage AC Drives Study Formats and Editions Available
This market study may be purchased as an Excel Workbook or as a concise, executive-level Market Analysis Report (PDF). The Workbook has some unique features such as five year market history and the ability to select local currency. Regional studies include country and industry market data. Studies and formats available are listed below:
|MIRA Workbook||Market Analysis PDF|
|Worldwide (includes regional data)||Yes||Yes|
|North America (includes country data)||Yes||No|
|Latin America (includes country data)||Yes||No|
|Europe, Middle East, Africa (includes country data)||Yes||No|
|Asia (includes country data)||Yes||No|
|Country Profiles (includes country data)||No||Yes|
Table of contents for these studies 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
Country Research Focus Areas
Please contact us for the countries available for this study.
For More Information
For more information or to purchase the Medium Voltage AC Drives study, please contact us.