Medium Voltage Inverter Drive Market Growth, Trends, Covid-19 impact, and Forecasts (2022 - 2027)

An in-depth analysis of the Medium Voltage Inverter Drive Market was just published to the Market Intelligence Data. The study aims to deliver actionable insights on global market growth evaluations based on past growth analysis and the present environment of the Medium Voltage Inverter Drive Market place. The report's verified data is based on the results of thorough primary and secondary research. Data-driven insights are useful tools for gaining a better knowledge of many facets of the Medium Voltage Inverter Drive industry.

Medium Voltage Inverter Drive Market is expected to register a CAGR of 7.9% over the forecast period 2022 – 2027

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Top 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

Recent Developments:

On September 23 2021, Danfoss introduced the new VACON 1000 medium-voltage drive, which is a compact solution to its portfolio of modular, versatile medium voltage drives
On April 16 2019, ABB expanded its all-compatible drives offerings to include the ACS6080 medium voltage (MV) drive for critical applications. The new drive introduced a new control technology that brings high performance motor control to demanding processes used in industries such as mining, metals, and marine. The drive also enables plants to operate more efficiently and produce higher quality output.
On August 20 2019, Schneider Electric, the leader of digital transformation in energy management and automation, launched the Altivar Process 6000 (ATV6000) medium voltage service-oriented drive. The ATV6000 is a smart, connected product that can help optimize businesses by enabling process optimization, improving energy management, enhancing asset management, and providing tailored engineering solutions.

Medium Voltage Inverter Drive Market Segmentation

By Type:

Textile Industry

Oil & Gas Industry

Mining Industry

Hoisting Machinery

Others

By Application:

AC

DC

Market Overview:

Even though medium voltage AC drives enable cost savings related to capital and operation when compared to other equivalent solutions, there is a need to select the right drive for different end-use applications. Rockwell Automation, Inc. - the U.S.-based provider of industrial automation and information technology, is gaining cognizance about this gap, and building its portfolio in all-purpose and special purpose medium voltage AC drives.

Manufacturers in the medium voltage AC drive market are increasing their R&D in all-purpose drives that are required in applications such as pumps, compressors, fans, and mills. They are diversifying production in special purpose drives to expand revenue streams in conveyors, ball & sag mills, extruders, and mixers. This indicates that expertise in applications is helping companies to gain a competitive edge over other market players.

Report Link:

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Regional Analysis for Medium Voltage Inverter Drive Market:

The Medium Voltage Inverter Drive research details the market area, which is further broken down into sub-regions and countries/regions. This part of the study includes information on profit prospects in addition to market share in each nation and sub-region. The market share and growth rate of each region, nation, and sub-region throughout the forecast period are discussed in this chapter of the study.

The United States of America (USA and Canada)
The European Union (UK, Germany, France and the rest of Europe)
Asia and the Pacific (China, Japan, India, and the rest of the Asia Pacific region)
The continent of Latin America (Brazil, Mexico, and the rest of Latin America)

The research answers the following key questions:

What is the market potential for Medium Voltage Inverter Drive?
Which product group will be the most profitable?
In the coming years, which regional market will emerge as a leader?
Which application category is expected to expand the most?
What chances for development do you see in the Medium Voltage Inverter Drive business in the next years?
What are the most important potential obstacles that the Medium Voltage Inverter Drive Market could face?
Who are the top manufacturers of Medium Voltage Inverter Drive?
What are the primary market trends that are favorably affecting growth?

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The influence of COVID-19 on market growth is considered in the research. The effect of the COVID-19 epidemic on the Medium Voltage Inverter Drive Market and its major segments is enclosed in depth in this report. It also addresses the pandemic's present and future consequences, as well as a post-COVID-19 scenario to provide for a more in-depth knowledge of dynamic changes in the market.

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