AC Drives - Medium Voltage India

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 India 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, >10-20 MW, and >20 MW.

Connected Machines and Digitalization to Witness Demand for Medium Voltage AC Drives

The growing trend of connected machines and digitalization is expected to drive market growth.  Digitalization solutions for the drive systems enables continuous monitoring of critical parameters by providing real-time data about the condition of components of drive systems such as motor, drive, filter unit, transformer, etc., and uses this information to provide a variety of process optimization measures.  Trouble-free operation of the production plant is the top priority of any plant owner, and digitally enabled drive systems predict equipment failures in advance and prevent unplanned shutdowns that can cost millions of dollars.

Medium Voltage AC Drives Market Strategic Issues 

In addition to providing a five-year market forecast, the medium voltage AC drives for India 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: Emerging Market Entry

Investing in emerging markets is essential for growth opportunities. In some emerging economies, the market may accept products with older technology if offered at a lower cost, thus making them a good business market for old products. Demand in the developing markets will lead to manufacturing investment and provide suppliers with additional growth opportunities.

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.     

Formats and Editions Available

This market study may be purchased as a concise, executive level PDF File.  

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Research Focus Areas

Strategic Analysis

  • Major Trends
  • Strategic Recommendations

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Hardware
  • Market Shares by Industry
    • Cement & Glass
    • Electric Power Generation
    • Metals
    • Mining
    • Oil & Gas
    • Plastics & Rubber
    • Water & Wastewater
  • Market Shares by Power Range
    • >0.2-0.6 MW
    • >0.6-3 MW
    • >3-7.5 MW
    • >7.5-10 MW
    • >10-20 MW
    • >20 MW

Market Forecast

  • Total Medium Voltage AC Drives Business
  • Shipments by Revenue Category
    • Hardware
    • Software
    • Services
  • Shipments by Industry
    • Cement & Glass
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Plastics & Rubber
    • Water & Wastewater
  • Shipments by Power Range
    • >0.2-0.6 MW
    • >0.6-3 MW
    • >3-7.5 MW
    • >7.5-10 MW
    • >10-20 MW
    • >20 MW

Industry Participants

The research identifies all relevant suppliers serving this market. 

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