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.
Medium Voltage AC Drives: Global Megatrends Will Reverse the Market Decline
The medium voltage AC drives market experienced a decline as demand from industries stumbled due to pandemic led restricted industrial activities, lockdowns, factory shutdowns, and suppressed orders.
Encouraging government responses with effective monetary and fiscal policies will improve global market conditions in manufacturing and capital investments across many industries. The need for new infrastructure and water supply, increasing population, and energy-efficient and climate-friendly solutions will drive growth in the medium voltage AC drives market during the forecast period.
The market is dominated by ABB, General Electric, Rockwell Automation, Siemens, and TMEIC. Overall, ARC’s analysis suggests that a broad range of products and solutions clearly enable suppliers to garner defensible leadership positions.
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 adopting Industrial IoT. Cybersecurity and perceived loss of intellectual property rights are major threat to the adoption of Industrial IoT. Suppliers need to take cybersecurity into account and steps to increase safety and how the devices detect, analyze, and combat threats.
Strategic Issue for Suppliers: Uncertain Outlook for the Oil and Gas Industry
The oil and gas industry witnessed decline in 2020. Recovery in oil and gas demand is still uncertain, with reemergence of mutant strains continues to be seen across the globe.
Strategic Issue for All Market Participants: COVID-19 Pandemic
The COVID-19 outbreak has caused disruptions to global supply chains and business operations. While the pandemic impacted the 2020 demand for medium voltage AC drives, the market projections do take into account industry trends with ARC’s best estimates for how the COVID-19 pandemic will impact the market in different industry types.
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|
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
For More Information
For more information or to purchase the Medium Voltage AC Drives Market Research study, please contact us.
For More Information
For more information or to purchase the Medium Voltage AC Drives study, please contact us.