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Medium Voltage Drives Market
Updated On

Feb 25 2025

Total Pages

640

Medium Voltage Drives Market Report Probes the 1.8 Billion Size, Share, Growth Report and Future Analysis by 2033

Medium Voltage Drives Market by Power Range (≤ 1 MW, 1 MW - 3 MW, 3 MW - 7 MW, > 7 MW), by Drive (AC, DC, Servo), by Application (Pump, Fan, Conveyor, Compressor, Extruder, Others), by Power Range (Oil & Gas, Power generation, Mining & metals, Pulp & paper, Marine, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, UK, France, Italy, Spain, Russia, Denmark), by Asia Pacific (China, Japan, India, Australia, South Korea), by Middle East & Africa (Saudi Arabia, UAE, South Africa), by Latin America (Brazil, Argentina) Forecast 2025-2033

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Medium Voltage Drives Market Report Probes the 1.8 Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The size of the Medium Voltage Drives Market was valued at USD 1.8 Billion in 2024 and is projected to reach USD 2.67 Billion by 2033, with an expected CAGR of 5.8% during the forecast period. This growth is driven by the increasing adoption of energy-efficient and reliable motor drives across various industrial applications. Government regulations focused on reducing energy consumption and carbon emissions, along with rising demand for automation in manufacturing, are key contributors to market expansion. Technological advancements in power electronics and motor technologies further enhance efficiency and performance. Additionally, the growing applications of medium voltage drives in renewable energy and electric vehicles are fueling demand. Companies such as Siemens, Johnson Controls, Danfoss, Eaton, and Ingeteam Power Technology, S.A. are leading the market, investing heavily in research and development to improve drive performance and efficiency. As industries continue to focus on energy optimization and sustainability, the medium voltage drives market is expected to experience steady and substantial growth.

Medium Voltage Drives Market Research Report - Market Size, Growth & Forecast

Medium Voltage Drives Market Concentration & Characteristics

The medium voltage drives market is moderately fragmented, with a few key players accounting for a significant market share. The competitive landscape is characterized by intense competition among established players and the emergence of new entrants.

Technological advancements and product innovation drive the market's growth. Companies focus on developing energy-efficient, compact, and reliable medium voltage drives to cater to the diverse requirements of end-user industries.

End-user industries such as oil and gas, power generation, mining and metals, pulp and paper, and marine are the key drivers of the medium voltage drives market. These industries require reliable and efficient motor drives to improve productivity, reduce downtime, and lower energy consumption.

Medium Voltage Drives Market Trends

The increasing adoption of variable frequency drives (VFDs) in industrial applications is a major trend in the market. VFDs offer improved motor control, energy savings, and reduced maintenance costs.

Advancements in power electronics technologies, such as silicon carbide (SiC) and gallium nitride (GaN), enable manufacturers to design smaller, more efficient, and more reliable medium voltage drives.

The growing demand for renewable energy sources, such as solar and wind power, is creating new opportunities for medium voltage drives. These drives are used to control the speed and output of generators in renewable energy systems.

Medium Voltage Drives Market Growth

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is expected to hold the largest market share in the coming years due to the rapid industrialization, growing manufacturing sector, and increasing adoption of energy-efficient technology.

By Power Range: The >7 MW power range segment is projected to witness the highest growth rate, driven by the demand for high-power drives in large-scale industrial applications.

By Application: The pump application segment is anticipated to have the largest market size over the forecast period. Pumps are widely used in various industries, including oil and gas, power generation, and water treatment.

Medium Voltage Drives Market Product Insights Report Coverage & Deliverables

The market report provides comprehensive insights into the medium voltage drives market dynamics, including market size and share, growth drivers, challenges, and key trends.

It covers the market segmentation based on power range, application, industry, and region. The report also analyzes the competitive landscape and profiles key market players.

Medium Voltage Drives Market Analysis

The market size is estimated based on revenue generated from the sales of medium voltage drives worldwide. The growth rate is calculated considering factors such as market drivers, challenges, and competitive dynamics.

Market share is determined by analyzing the sales of key market players and their market penetration. Key players are identified based on their revenue, product portfolio, and market presence.

Medium Voltage Drives Market Regional Insights

North America: The US holds the largest market share in North America due to its developed industrial sector and stringent energy efficiency regulations.

Europe: Germany and France are the major markets in Europe, driven by the automation of manufacturing industries and the growth of renewable energy.

Asia-Pacific: China is the largest market in this region, with a growing manufacturing sector and increasing adoption of energy-efficient technologies.

Middle East & Africa: The Middle East is expected to witness significant growth due to the increasing demand for medium voltage drives in oil and gas, power generation, and desalination plants.

Driving Forces: What's Propelling the Medium Voltage Drives Market

  • Increasing energy efficiency regulations
  • Rising demand for automation in manufacturing
  • Advancements in power electronics and motor technologies
  • Expanding applications in renewable energy and electric vehicles

Challenges and Restraints in Medium Voltage Drives Market

  • High initial investment costs
  • Technical complexity in designing and operating medium voltage drives
  • Availability and cost of raw materials

Emerging Trends in Medium Voltage Drives Market

  • Adoption of variable frequency drives (VFDs)
  • Advancements in power electronics technologies (SiC and GaN)
  • Growing demand for renewable energy applications

Medium Voltage Drives Industry News

July 2023: Siemens launches a new subsidiary, Innomotics, to focus on medium-voltage drives, motors, and other power conversion solutions.

November 2022: WEG delivers motor and drive solutions for the Ras Markaz crude-oil storage terminal in Oman.

Leading Players in the Medium Voltage Drives Market

Medium Voltage Drives Market Segmentation

  • 1. Power Range
    • 1.1. ≤ 1 MW
    • 1.2. 1 MW - 3 MW
    • 1.3. 3 MW - 7 MW
    • 1.4. > 7 MW
  • 2. Drive
    • 2.1. AC
    • 2.2. DC
    • 2.3. Servo
  • 3. Application
    • 3.1. Pump
    • 3.2. Fan
    • 3.3. Conveyor
    • 3.4. Compressor
    • 3.5. Extruder
    • 3.6. Others
  • 4. Power Range
    • 4.1. Oil & Gas
    • 4.2. Power generation
    • 4.3. Mining & metals
    • 4.4. Pulp & paper
    • 4.5. Marine
    • 4.6. Others

Medium Voltage Drives Market Segmentation By Geography

  • 1. North America
    • 1.1. U.S.
    • 1.2. Canada
    • 1.3. Mexico
  • 2. Europe
    • 2.1. Germany
    • 2.2. UK
    • 2.3. France
    • 2.4. Italy
    • 2.5. Spain
    • 2.6. Russia
    • 2.7. Denmark
  • 3. Asia Pacific
    • 3.1. China
    • 3.2. Japan
    • 3.3. India
    • 3.4. Australia
    • 3.5. South Korea
  • 4. Middle East & Africa
    • 4.1. Saudi Arabia
    • 4.2. UAE
    • 4.3. South Africa
  • 5. Latin America
    • 5.1. Brazil
    • 5.2. Argentina

Medium Voltage Drives Market Regional Share

Medium Voltage Drives Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 5.8% from 2019-2033
Segmentation
    • By Power Range
      • ≤ 1 MW
      • 1 MW - 3 MW
      • 3 MW - 7 MW
      • > 7 MW
    • By Drive
      • AC
      • DC
      • Servo
    • By Application
      • Pump
      • Fan
      • Conveyor
      • Compressor
      • Extruder
      • Others
    • By Power Range
      • Oil & Gas
      • Power generation
      • Mining & metals
      • Pulp & paper
      • Marine
      • Others
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Russia
      • Denmark
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
    • Latin America
      • Brazil
      • Argentina

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Positive outlook towards renewable power generation technologies
        • 3.2.2 Rapidly increasing energy consumption across industrial operations
        • 3.2.3 Inclination towards adoption of energy efficient alternatives
        • 3.2.4 Mounting investments across large-scale industrial infrastructures
      • 3.3. Market Restrains
        • 3.3.1. Requirement of substantial initial installation cost
      • 3.4. Market Trends
        • 3.4.1 The increasing adoption of variable frequency drives (VFDs) in industrial applications is a major trend in the market. VFDs offer improved motor control
        • 3.4.2 energy savings
        • 3.4.3 and reduced maintenance costs.
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Power Range
      • 5.1.1. ≤ 1 MW
      • 5.1.2. 1 MW - 3 MW
      • 5.1.3. 3 MW - 7 MW
      • 5.1.4. > 7 MW
    • 5.2. Market Analysis, Insights and Forecast - by Drive
      • 5.2.1. AC
      • 5.2.2. DC
      • 5.2.3. Servo
    • 5.3. Market Analysis, Insights and Forecast - by Application
      • 5.3.1. Pump
      • 5.3.2. Fan
      • 5.3.3. Conveyor
      • 5.3.4. Compressor
      • 5.3.5. Extruder
      • 5.3.6. Others
    • 5.4. Market Analysis, Insights and Forecast - by Power Range
      • 5.4.1. Oil & Gas
      • 5.4.2. Power generation
      • 5.4.3. Mining & metals
      • 5.4.4. Pulp & paper
      • 5.4.5. Marine
      • 5.4.6. Others
    • 5.5. Market Analysis, Insights and Forecast - by Region
      • 5.5.1. North America
      • 5.5.2. Europe
      • 5.5.3. Asia Pacific
      • 5.5.4. Middle East & Africa
      • 5.5.5. Latin America
  6. 6. North America Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 6.1. Market Analysis, Insights and Forecast - by Power Range
      • 6.1.1. ≤ 1 MW
      • 6.1.2. 1 MW - 3 MW
      • 6.1.3. 3 MW - 7 MW
      • 6.1.4. > 7 MW
    • 6.2. Market Analysis, Insights and Forecast - by Drive
      • 6.2.1. AC
      • 6.2.2. DC
      • 6.2.3. Servo
    • 6.3. Market Analysis, Insights and Forecast - by Application
      • 6.3.1. Pump
      • 6.3.2. Fan
      • 6.3.3. Conveyor
      • 6.3.4. Compressor
      • 6.3.5. Extruder
      • 6.3.6. Others
    • 6.4. Market Analysis, Insights and Forecast - by Power Range
      • 6.4.1. Oil & Gas
      • 6.4.2. Power generation
      • 6.4.3. Mining & metals
      • 6.4.4. Pulp & paper
      • 6.4.5. Marine
      • 6.4.6. Others
  7. 7. Europe Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 7.1. Market Analysis, Insights and Forecast - by Power Range
      • 7.1.1. ≤ 1 MW
      • 7.1.2. 1 MW - 3 MW
      • 7.1.3. 3 MW - 7 MW
      • 7.1.4. > 7 MW
    • 7.2. Market Analysis, Insights and Forecast - by Drive
      • 7.2.1. AC
      • 7.2.2. DC
      • 7.2.3. Servo
    • 7.3. Market Analysis, Insights and Forecast - by Application
      • 7.3.1. Pump
      • 7.3.2. Fan
      • 7.3.3. Conveyor
      • 7.3.4. Compressor
      • 7.3.5. Extruder
      • 7.3.6. Others
    • 7.4. Market Analysis, Insights and Forecast - by Power Range
      • 7.4.1. Oil & Gas
      • 7.4.2. Power generation
      • 7.4.3. Mining & metals
      • 7.4.4. Pulp & paper
      • 7.4.5. Marine
      • 7.4.6. Others
  8. 8. Asia Pacific Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 8.1. Market Analysis, Insights and Forecast - by Power Range
      • 8.1.1. ≤ 1 MW
      • 8.1.2. 1 MW - 3 MW
      • 8.1.3. 3 MW - 7 MW
      • 8.1.4. > 7 MW
    • 8.2. Market Analysis, Insights and Forecast - by Drive
      • 8.2.1. AC
      • 8.2.2. DC
      • 8.2.3. Servo
    • 8.3. Market Analysis, Insights and Forecast - by Application
      • 8.3.1. Pump
      • 8.3.2. Fan
      • 8.3.3. Conveyor
      • 8.3.4. Compressor
      • 8.3.5. Extruder
      • 8.3.6. Others
    • 8.4. Market Analysis, Insights and Forecast - by Power Range
      • 8.4.1. Oil & Gas
      • 8.4.2. Power generation
      • 8.4.3. Mining & metals
      • 8.4.4. Pulp & paper
      • 8.4.5. Marine
      • 8.4.6. Others
  9. 9. Middle East & Africa Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 9.1. Market Analysis, Insights and Forecast - by Power Range
      • 9.1.1. ≤ 1 MW
      • 9.1.2. 1 MW - 3 MW
      • 9.1.3. 3 MW - 7 MW
      • 9.1.4. > 7 MW
    • 9.2. Market Analysis, Insights and Forecast - by Drive
      • 9.2.1. AC
      • 9.2.2. DC
      • 9.2.3. Servo
    • 9.3. Market Analysis, Insights and Forecast - by Application
      • 9.3.1. Pump
      • 9.3.2. Fan
      • 9.3.3. Conveyor
      • 9.3.4. Compressor
      • 9.3.5. Extruder
      • 9.3.6. Others
    • 9.4. Market Analysis, Insights and Forecast - by Power Range
      • 9.4.1. Oil & Gas
      • 9.4.2. Power generation
      • 9.4.3. Mining & metals
      • 9.4.4. Pulp & paper
      • 9.4.5. Marine
      • 9.4.6. Others
  10. 10. Latin America Medium Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 10.1. Market Analysis, Insights and Forecast - by Power Range
      • 10.1.1. ≤ 1 MW
      • 10.1.2. 1 MW - 3 MW
      • 10.1.3. 3 MW - 7 MW
      • 10.1.4. > 7 MW
    • 10.2. Market Analysis, Insights and Forecast - by Drive
      • 10.2.1. AC
      • 10.2.2. DC
      • 10.2.3. Servo
    • 10.3. Market Analysis, Insights and Forecast - by Application
      • 10.3.1. Pump
      • 10.3.2. Fan
      • 10.3.3. Conveyor
      • 10.3.4. Compressor
      • 10.3.5. Extruder
      • 10.3.6. Others
    • 10.4. Market Analysis, Insights and Forecast - by Power Range
      • 10.4.1. Oil & Gas
      • 10.4.2. Power generation
      • 10.4.3. Mining & metals
      • 10.4.4. Pulp & paper
      • 10.4.5. Marine
      • 10.4.6. Others
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2024
      • 11.2. Company Profiles
        • 11.2.1 Siemens
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Johnson Controls
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Danfoss
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Eaton
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Ingeteam Power Technology S.A
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 ABB
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 WEG
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Schneider Electric
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Fuji Electric Co. Ltd.
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 Rockwell Automation
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11 Nidec Industrial Solutions
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)
        • 11.2.12 YASKAWA ELECTRIC CORPORATION
          • 11.2.12.1. Overview
          • 11.2.12.2. Products
          • 11.2.12.3. SWOT Analysis
          • 11.2.12.4. Recent Developments
          • 11.2.12.5. Financials (Based on Availability)
        • 11.2.13 CG Power & Industrial Solutions Ltd
          • 11.2.13.1. Overview
          • 11.2.13.2. Products
          • 11.2.13.3. SWOT Analysis
          • 11.2.13.4. Recent Developments
          • 11.2.13.5. Financials (Based on Availability)
        • 11.2.14 TMEIC
          • 11.2.14.1. Overview
          • 11.2.14.2. Products
          • 11.2.14.3. SWOT Analysis
          • 11.2.14.4. Recent Developments
          • 11.2.14.5. Financials (Based on Availability)
        • 11.2.15 Hitachi Hi-Rel Power Electronics Private Limited
          • 11.2.15.1. Overview
          • 11.2.15.2. Products
          • 11.2.15.3. SWOT Analysis
          • 11.2.15.4. Recent Developments
          • 11.2.15.5. Financials (Based on Availability)
        • 11.2.16 General Electric
          • 11.2.16.1. Overview
          • 11.2.16.2. Products
          • 11.2.16.3. SWOT Analysis
          • 11.2.16.4. Recent Developments
          • 11.2.16.5. Financials (Based on Availability)
        • 11.2.17 Delta Electronics Inc.
          • 11.2.17.1. Overview
          • 11.2.17.2. Products
          • 11.2.17.3. SWOT Analysis
          • 11.2.17.4. Recent Developments
          • 11.2.17.5. Financials (Based on Availability)
        • 11.2.18 TECO-Westinghouse
          • 11.2.18.1. Overview
          • 11.2.18.2. Products
          • 11.2.18.3. SWOT Analysis
          • 11.2.18.4. Recent Developments
          • 11.2.18.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Medium Voltage Drives Market Revenue Breakdown (Billion, %) by Region 2024 & 2032
  2. Figure 2: Global Medium Voltage Drives Market Volume Breakdown (units, %) by Region 2024 & 2032
  3. Figure 3: North America Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  4. Figure 4: North America Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  5. Figure 5: North America Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  6. Figure 6: North America Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  7. Figure 7: North America Medium Voltage Drives Market Revenue (Billion), by Drive 2024 & 2032
  8. Figure 8: North America Medium Voltage Drives Market Volume (units), by Drive 2024 & 2032
  9. Figure 9: North America Medium Voltage Drives Market Revenue Share (%), by Drive 2024 & 2032
  10. Figure 10: North America Medium Voltage Drives Market Volume Share (%), by Drive 2024 & 2032
  11. Figure 11: North America Medium Voltage Drives Market Revenue (Billion), by Application 2024 & 2032
  12. Figure 12: North America Medium Voltage Drives Market Volume (units), by Application 2024 & 2032
  13. Figure 13: North America Medium Voltage Drives Market Revenue Share (%), by Application 2024 & 2032
  14. Figure 14: North America Medium Voltage Drives Market Volume Share (%), by Application 2024 & 2032
  15. Figure 15: North America Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  16. Figure 16: North America Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  17. Figure 17: North America Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  18. Figure 18: North America Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  19. Figure 19: North America Medium Voltage Drives Market Revenue (Billion), by Country 2024 & 2032
  20. Figure 20: North America Medium Voltage Drives Market Volume (units), by Country 2024 & 2032
  21. Figure 21: North America Medium Voltage Drives Market Revenue Share (%), by Country 2024 & 2032
  22. Figure 22: North America Medium Voltage Drives Market Volume Share (%), by Country 2024 & 2032
  23. Figure 23: Europe Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  24. Figure 24: Europe Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  25. Figure 25: Europe Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  26. Figure 26: Europe Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  27. Figure 27: Europe Medium Voltage Drives Market Revenue (Billion), by Drive 2024 & 2032
  28. Figure 28: Europe Medium Voltage Drives Market Volume (units), by Drive 2024 & 2032
  29. Figure 29: Europe Medium Voltage Drives Market Revenue Share (%), by Drive 2024 & 2032
  30. Figure 30: Europe Medium Voltage Drives Market Volume Share (%), by Drive 2024 & 2032
  31. Figure 31: Europe Medium Voltage Drives Market Revenue (Billion), by Application 2024 & 2032
  32. Figure 32: Europe Medium Voltage Drives Market Volume (units), by Application 2024 & 2032
  33. Figure 33: Europe Medium Voltage Drives Market Revenue Share (%), by Application 2024 & 2032
  34. Figure 34: Europe Medium Voltage Drives Market Volume Share (%), by Application 2024 & 2032
  35. Figure 35: Europe Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  36. Figure 36: Europe Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  37. Figure 37: Europe Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  38. Figure 38: Europe Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  39. Figure 39: Europe Medium Voltage Drives Market Revenue (Billion), by Country 2024 & 2032
  40. Figure 40: Europe Medium Voltage Drives Market Volume (units), by Country 2024 & 2032
  41. Figure 41: Europe Medium Voltage Drives Market Revenue Share (%), by Country 2024 & 2032
  42. Figure 42: Europe Medium Voltage Drives Market Volume Share (%), by Country 2024 & 2032
  43. Figure 43: Asia Pacific Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  44. Figure 44: Asia Pacific Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  45. Figure 45: Asia Pacific Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  46. Figure 46: Asia Pacific Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  47. Figure 47: Asia Pacific Medium Voltage Drives Market Revenue (Billion), by Drive 2024 & 2032
  48. Figure 48: Asia Pacific Medium Voltage Drives Market Volume (units), by Drive 2024 & 2032
  49. Figure 49: Asia Pacific Medium Voltage Drives Market Revenue Share (%), by Drive 2024 & 2032
  50. Figure 50: Asia Pacific Medium Voltage Drives Market Volume Share (%), by Drive 2024 & 2032
  51. Figure 51: Asia Pacific Medium Voltage Drives Market Revenue (Billion), by Application 2024 & 2032
  52. Figure 52: Asia Pacific Medium Voltage Drives Market Volume (units), by Application 2024 & 2032
  53. Figure 53: Asia Pacific Medium Voltage Drives Market Revenue Share (%), by Application 2024 & 2032
  54. Figure 54: Asia Pacific Medium Voltage Drives Market Volume Share (%), by Application 2024 & 2032
  55. Figure 55: Asia Pacific Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  56. Figure 56: Asia Pacific Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  57. Figure 57: Asia Pacific Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  58. Figure 58: Asia Pacific Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  59. Figure 59: Asia Pacific Medium Voltage Drives Market Revenue (Billion), by Country 2024 & 2032
  60. Figure 60: Asia Pacific Medium Voltage Drives Market Volume (units), by Country 2024 & 2032
  61. Figure 61: Asia Pacific Medium Voltage Drives Market Revenue Share (%), by Country 2024 & 2032
  62. Figure 62: Asia Pacific Medium Voltage Drives Market Volume Share (%), by Country 2024 & 2032
  63. Figure 63: Middle East & Africa Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  64. Figure 64: Middle East & Africa Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  65. Figure 65: Middle East & Africa Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  66. Figure 66: Middle East & Africa Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  67. Figure 67: Middle East & Africa Medium Voltage Drives Market Revenue (Billion), by Drive 2024 & 2032
  68. Figure 68: Middle East & Africa Medium Voltage Drives Market Volume (units), by Drive 2024 & 2032
  69. Figure 69: Middle East & Africa Medium Voltage Drives Market Revenue Share (%), by Drive 2024 & 2032
  70. Figure 70: Middle East & Africa Medium Voltage Drives Market Volume Share (%), by Drive 2024 & 2032
  71. Figure 71: Middle East & Africa Medium Voltage Drives Market Revenue (Billion), by Application 2024 & 2032
  72. Figure 72: Middle East & Africa Medium Voltage Drives Market Volume (units), by Application 2024 & 2032
  73. Figure 73: Middle East & Africa Medium Voltage Drives Market Revenue Share (%), by Application 2024 & 2032
  74. Figure 74: Middle East & Africa Medium Voltage Drives Market Volume Share (%), by Application 2024 & 2032
  75. Figure 75: Middle East & Africa Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  76. Figure 76: Middle East & Africa Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  77. Figure 77: Middle East & Africa Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  78. Figure 78: Middle East & Africa Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  79. Figure 79: Middle East & Africa Medium Voltage Drives Market Revenue (Billion), by Country 2024 & 2032
  80. Figure 80: Middle East & Africa Medium Voltage Drives Market Volume (units), by Country 2024 & 2032
  81. Figure 81: Middle East & Africa Medium Voltage Drives Market Revenue Share (%), by Country 2024 & 2032
  82. Figure 82: Middle East & Africa Medium Voltage Drives Market Volume Share (%), by Country 2024 & 2032
  83. Figure 83: Latin America Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  84. Figure 84: Latin America Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  85. Figure 85: Latin America Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  86. Figure 86: Latin America Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  87. Figure 87: Latin America Medium Voltage Drives Market Revenue (Billion), by Drive 2024 & 2032
  88. Figure 88: Latin America Medium Voltage Drives Market Volume (units), by Drive 2024 & 2032
  89. Figure 89: Latin America Medium Voltage Drives Market Revenue Share (%), by Drive 2024 & 2032
  90. Figure 90: Latin America Medium Voltage Drives Market Volume Share (%), by Drive 2024 & 2032
  91. Figure 91: Latin America Medium Voltage Drives Market Revenue (Billion), by Application 2024 & 2032
  92. Figure 92: Latin America Medium Voltage Drives Market Volume (units), by Application 2024 & 2032
  93. Figure 93: Latin America Medium Voltage Drives Market Revenue Share (%), by Application 2024 & 2032
  94. Figure 94: Latin America Medium Voltage Drives Market Volume Share (%), by Application 2024 & 2032
  95. Figure 95: Latin America Medium Voltage Drives Market Revenue (Billion), by Power Range 2024 & 2032
  96. Figure 96: Latin America Medium Voltage Drives Market Volume (units), by Power Range 2024 & 2032
  97. Figure 97: Latin America Medium Voltage Drives Market Revenue Share (%), by Power Range 2024 & 2032
  98. Figure 98: Latin America Medium Voltage Drives Market Volume Share (%), by Power Range 2024 & 2032
  99. Figure 99: Latin America Medium Voltage Drives Market Revenue (Billion), by Country 2024 & 2032
  100. Figure 100: Latin America Medium Voltage Drives Market Volume (units), by Country 2024 & 2032
  101. Figure 101: Latin America Medium Voltage Drives Market Revenue Share (%), by Country 2024 & 2032
  102. Figure 102: Latin America Medium Voltage Drives Market Volume Share (%), by Country 2024 & 2032

List of Tables

  1. Table 1: Global Medium Voltage Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: Global Medium Voltage Drives Market Volume units Forecast, by Region 2019 & 2032
  3. Table 3: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  4. Table 4: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  5. Table 5: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  6. Table 6: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  7. Table 7: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  8. Table 8: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  9. Table 9: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  10. Table 10: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  11. Table 11: Global Medium Voltage Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  12. Table 12: Global Medium Voltage Drives Market Volume units Forecast, by Region 2019 & 2032
  13. Table 13: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  14. Table 14: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  15. Table 15: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  16. Table 16: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  17. Table 17: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  18. Table 18: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  19. Table 19: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  20. Table 20: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  21. Table 21: Global Medium Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  22. Table 22: Global Medium Voltage Drives Market Volume units Forecast, by Country 2019 & 2032
  23. Table 23: U.S. Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  24. Table 24: U.S. Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  25. Table 25: Canada Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  26. Table 26: Canada Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  27. Table 27: Mexico Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  28. Table 28: Mexico Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  29. Table 29: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  30. Table 30: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  31. Table 31: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  32. Table 32: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  33. Table 33: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  34. Table 34: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  35. Table 35: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  36. Table 36: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  37. Table 37: Global Medium Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  38. Table 38: Global Medium Voltage Drives Market Volume units Forecast, by Country 2019 & 2032
  39. Table 39: Germany Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  40. Table 40: Germany Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  41. Table 41: UK Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  42. Table 42: UK Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  43. Table 43: France Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  44. Table 44: France Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  45. Table 45: Italy Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  46. Table 46: Italy Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  47. Table 47: Spain Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  48. Table 48: Spain Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  49. Table 49: Russia Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  50. Table 50: Russia Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  51. Table 51: Denmark Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  52. Table 52: Denmark Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  53. Table 53: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  54. Table 54: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  55. Table 55: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  56. Table 56: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  57. Table 57: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  58. Table 58: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  59. Table 59: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  60. Table 60: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  61. Table 61: Global Medium Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  62. Table 62: Global Medium Voltage Drives Market Volume units Forecast, by Country 2019 & 2032
  63. Table 63: China Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  64. Table 64: China Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  65. Table 65: Japan Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  66. Table 66: Japan Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  67. Table 67: India Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  68. Table 68: India Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  69. Table 69: Australia Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  70. Table 70: Australia Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  71. Table 71: South Korea Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  72. Table 72: South Korea Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  73. Table 73: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  74. Table 74: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  75. Table 75: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  76. Table 76: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  77. Table 77: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  78. Table 78: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  79. Table 79: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  80. Table 80: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  81. Table 81: Global Medium Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  82. Table 82: Global Medium Voltage Drives Market Volume units Forecast, by Country 2019 & 2032
  83. Table 83: Saudi Arabia Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  84. Table 84: Saudi Arabia Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  85. Table 85: UAE Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  86. Table 86: UAE Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  87. Table 87: South Africa Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  88. Table 88: South Africa Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  89. Table 89: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  90. Table 90: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  91. Table 91: Global Medium Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  92. Table 92: Global Medium Voltage Drives Market Volume units Forecast, by Drive 2019 & 2032
  93. Table 93: Global Medium Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  94. Table 94: Global Medium Voltage Drives Market Volume units Forecast, by Application 2019 & 2032
  95. Table 95: Global Medium Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  96. Table 96: Global Medium Voltage Drives Market Volume units Forecast, by Power Range 2019 & 2032
  97. Table 97: Global Medium Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  98. Table 98: Global Medium Voltage Drives Market Volume units Forecast, by Country 2019 & 2032
  99. Table 99: Brazil Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  100. Table 100: Brazil Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032
  101. Table 101: Argentina Medium Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  102. Table 102: Argentina Medium Voltage Drives Market Volume (units) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Medium Voltage Drives Market?

The projected CAGR is approximately 5.8%.

2. Which companies are prominent players in the Medium Voltage Drives Market?

Key companies in the market include Siemens, Johnson Controls, Danfoss, Eaton, Ingeteam Power Technology, S.A, ABB, WEG, Schneider Electric, Fuji Electric Co., Ltd., Rockwell Automation, Nidec Industrial Solutions, YASKAWA ELECTRIC CORPORATION, CG Power & Industrial Solutions Ltd, TMEIC, Hitachi Hi-Rel Power Electronics Private Limited, General Electric, Delta Electronics, Inc., TECO-Westinghouse.

3. What are the main segments of the Medium Voltage Drives Market?

The market segments include Power Range, Drive, Application, Power Range.

4. Can you provide details about the market size?

The market size is estimated to be USD 1.8 Billion as of 2022.

5. What are some drivers contributing to market growth?

Positive outlook towards renewable power generation technologies. Rapidly increasing energy consumption across industrial operations. Inclination towards adoption of energy efficient alternatives. Mounting investments across large-scale industrial infrastructures.

6. What are the notable trends driving market growth?

The increasing adoption of variable frequency drives (VFDs) in industrial applications is a major trend in the market. VFDs offer improved motor control. energy savings. and reduced maintenance costs..

7. Are there any restraints impacting market growth?

Requirement of substantial initial installation cost.

8. Can you provide examples of recent developments in the market?

In July 2023, Siemens launched a new dedicated subsidiary called Innomotics to offer the company’s portfolio of medium-voltage converters or drives, geared motors, low- to high-voltage motors, and motor spindles. The new company is headquartered in Nuremberg, Germany, with a workforce of about 15,000 personnel and aims at trailblazing the company’s presence as leading player for large drives and motors in various end-use verticals across the globe.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Billion and volume, measured in units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Medium Voltage Drives Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Medium Voltage Drives Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Medium Voltage Drives Market?

To stay informed about further developments, trends, and reports in the Medium Voltage Drives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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