Medium voltage AC drives are overwhelmingly higher power drives that are more than 0.2 MW. The heavy ventures like mining, metals, electric power age, concrete and glass, water and waste water, marine, and oil and gas broadly utilize medium voltage AC drives.
MARKET DYNAMICS
Medium Voltage AC drives are the adjustable speed drives that are used to control torque and motion of the AC motors. They are cost effective and saves energy. This is the major reason for the success of Medium Voltage AC Drives market.
MARKET SCOPE
The "Global Medium Voltage AC drives Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on global market trend analysis. The report aims to provide an overview of the Medium Voltage AC drives Market with detailed market segmentation Voltage, Application, End users. The global Medium Voltage AC drives Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Medium Voltage AC drives Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on voltage, the market is segmented as low voltage, medium voltage.
- Based on Application, the market is segmented as pumps, fans, compressor, conveyors, Extruders, others.
- Based on End User, the market is segmented as Oil & Gas, Building Automation, Food & Beverage, Others.
IMPACT OF COVID-19 ON MEDIUM VOLTAGE AC DRIVES MARKET
The COVID-19 pandemic has seriously affected the development of the worldwide Medium Voltage AC drives Market. The emergency developed by the explosion of this worldwide contamination issue has conveyed each country in a remarkable circumstances. Different variables, such as reduced demand and on going value wars, have affected the financial health of few businesses. The diminishing in the quantity of new development projects and the brief closure of assembling enterprises and business spaces overall are factors hampered the market development. However, things are changing, the market is expected to rise again in forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Medium Voltage AC drives Market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America (SAM). The Medium Voltage AC drives Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Medium Voltage AC drives Market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the Medium Voltage AC drives Market in these regions.
MARKET PLAYERS
The reports cover key developments in the Medium Voltage AC drives Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from Medium Voltage AC drives Market are anticipated to lucrative growth opportunities in the future with the rising demand for Medium Voltage AC drives Market in the global market. Below mentioned is the list of a few companies engaged in the Medium Voltage AC drives Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Medium Voltage AC drives Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. ABB Ltd.
2. Siemens AG
3. Schneider Electric SE
4. Rockwell Automation, Inc.
5. Mitsubishi Electric Co.
6. Danfoss
7. Honeywell Automation
8. Yaskawa Electric Corp.
9. Hitachi
10. Fuji Electric Co. Ltd.