AC Drives - Medium Voltage

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

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.

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.