New ARC Advisory Group research on the Medium Voltage AC Drives market reveals that digitalization enables ease of maintenance, productivity, and efficiency, that is necessary for sustainable plant operations. Digitalization in the drive technology allows transparency and easy access to relevant data of motors and converters, data analysis, monitoring the status and performance of the drive system, and to predict equipment failures beforehand, minimizing unnecessary shutdowns that can cost millions of dollars. End user companies could reap significant improvement in their operating performance, enabling them to succeed in today’s highly competitive market by embracing such technologies.
"Connected machines and digitalization will enhance the performance of industrial plants. Digitalization solutions for drive systems enables the continuous monitoring of critical parameters by providing real-time data about the condition of components of drive systems such as motors, drives, filter units, transformers, 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 prevents unplanned shutdowns that can cost millions of dollars," according to Anju Ajaykumar, Market Analyst and key author of ARC's Medium Voltage AC Drives Market Research Report.
Medium Voltage AC Drives Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Connected Machines and Digitalization
- Remote Monitoring Services
- Retrofit Demand
Leading Suppliers to the Medium Voltage AC Drives Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, General Electric, Rockwell Automation, Siemens, and TMEIC.
About the Medium Voltage AC Drives Research
The Medium Voltage AC Drives report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by Machinery by Segment, Drive Size, Hardware by Component, Revenue Category, Sales Channel, World Region, Industry, Customer Type, Cooling Method, and Motor Voltage.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with up to 5 years of historical analysis.
- Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.