Press release
Global Low and Medium-voltage Inverter Market Expected to Witness a Sustainable Growth over 2023
Low and Medium-voltage Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
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Global Low and Medium-voltage Inverter Market: Forecast by Type / Application / Region
First, for industry structure analysis, the Low and Medium-voltage Inverter industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 55 % of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Low and Medium-voltage Inverter industry.
Second, for price trend analysis, a key variable in the performance of Low and Medium-voltage Inverter producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Third, for forecast, the global Low and Medium-voltage Inverter revenue would keep increasing with annual growth rate with 3~6%. We tend to believe that this industry still has a good future, considering the current demand of Low and Medium-voltage Inverter.
Over the next five years, LPI(LP Information) projects that Low and Medium-voltage Inverter will register a 4.3% CAGR in terms of revenue, reach US$ 13500 million by 2023, from US$ 10900 million in 2017.
Global Low and Medium-voltage Inverter Market: Key Players
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Mitsubishi Electric
Yaskawa Electric
Fuji Electric
Delta Electronics
Inovance Technology
INVT
EURA DRIVES
Slanvert
Hiconics
STEP Electric Corporation
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Related Information:
United States Low and Medium-voltage Inverter Market Research Report 2018
Europe Low and Medium-voltage Inverter Market Research Report 2018
North America Low and Medium-voltage Inverter Market Research Report 2018
Asia-Pacific Low and Medium-voltage Inverter Market Research Report 2018
China Low and Medium-voltage Inverter Market Research Report 2018
EMEA Low and Medium-voltage Inverter Market Research Report 2018
Global Low and Medium-voltage Inverter Market Research Report 2018
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