Power Magnetics for MV AC Drive Market 2022 Reach Valued At $ 1.48 billion And Grow At A 5.4% CAGR Forecast To 2029 | Top Key Leaders: Schaffner Holding AG, Tamura Corporation, Torytrans, AQ trafotek Oy, Hans von Mangoldt GmbH, mDexx, Bourns, Inc.

Power Magnetics for MV AC Drive Market 2022-2029

New study report" Power Magnetics for MV AC Drive Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2029″ has been added to Fortune Business Insights.

Market Overview:

The global power magnetics for MV AC drive market size is expected to showcase exponential growth by reaching USD 1.48 billion by 2029 while exhibiting a CAGR of 5.4% between 2022 and 2029. Mentions that the market stood at USD 1.07 billion in 2020 and is likely to exhibit a CAGR of 5.4% between 2022 and 2029.

At the beginning of a recently published report on the Power Magnetics for MV AC Drive Market 2022-2029, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Power Magnetics for MV AC Drive market.

Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2029. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Power Magnetics for MV AC Drive market are revealed. The study of the Power Magnetics for MV AC Drive market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2029.

Request For Sample PDF @ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/power-magnetics-for-mv-ac-drive-market-104675

List of Key Players Covered in the Power Magnetics for MV AC Drive Market Report:

Schaffner Holding AG
Tamura Corporation
Torytrans
AQ trafotek Oy
Hans von Mangoldt GmbH
mDexx
Bourns, Inc.
RoMan Manufacturing, Inc.
Danfoss
Hammond Power Solutions
Controlled Magnetics, Inc.
TCI, LLC
Badger Magnetics, Inc.
MGM Transformer Company
L/C Magnetics


COVID-19 Impact:

COVID-19 Impact: Market to Exhibit -4.38% CAGR in 2020

The global market for power magnetics for MV AC drive is marred by several disruptions due to halted or postponed energy projects. Additionally, a reduced workforce across several end-user industries is hampering the operational activities that have led to a significant economic downturn. Owing to all these factors, the market is expected to register a negative CAGR of -4.38% in 2020. However, the post-COVID-19 period is expected to prove beneficial for the market due to the resumption of industrial activities during the forecast period.



Inquire Before Buying @ https://www.fortunebusinessinsights.com/enquiry/queries/power-magnetics-for-mv-ac-drive-market-104675

Competitive Landscape:

Facility Expansion by Key Players to Develop Advanced Drives

The global power magnetics for MV AC drive market is experiencing healthy competition amongst several players positioned to gain dominance. These players are focusing on expanding their facilities into developing and innovative advanced systems to serve several end-user applications. Moreover, to maintain their presence in the global market for power magnetics for MV AC drive, other key players adopt strategies such as merger and acquisition, the introduction of new products, and collaboration that will augment market growth in the forthcoming years.



Driving Factors:

Favorable Government Policies to Favor Market Growth

The increasing demand for clean energy sources has led to several government agencies formulating supportive policies to promote clean energy sources. The growing demand for clean energy applications is expected to drive advanced power magnetics for MV AC drive systems across the globe. Furthermore, the increasing rate of urbanization propels the demand for energy that is likely to bode well for the global power magnetics for MV AC drive market growth in the forthcoming years.



Segmentation:

Transformer Segment Held a Dominant Market Share in 2019

The transformer segment, based on type, held a dominant market share in terms of revenue in 2019 and is expected to showcase considerable growth owing to the growing demand for the product that aids in the conversion of alternating current from one voltage to another.



Regional Insights:

Growing Consumer Demand for Power Electronic Systems in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to hold the highest position in the global power magnetics for MV AC drive market during the forecast period. This is attributable to the growing consumer demand for power electronic systems such as inductors and transformers that is likely to boost the demand for these advanced drives in the region. Asia-Pacific stood at USD 0.44 billion in 2019.

On the other hand, North America is expected to hold the second position in the market during the forecast period. This is ascribable to the rising food and beverage sector in countries such as the U.S. between 2020 and 2027.



Key Industry Development:

March 2020 - Schaffner holding AG unveiled ecosine max passive harmonic filter series, FN3470/71, FN3480/81, FN3472/73, and FN3482/83. According to the company, the new filters are generally designed to mitigate excessive harmonics across most demanding applications. Additionally, they meet the compliance requirements of IEEE-519 and other power quality standards.

Major Table of Content:

Introduction
Executive Summary
Market Dynamics
Key Insights
Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
North America Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
Europe Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
Asia Pacific Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
Middle East and Africa Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
Latin America Power Magnetics for MV AC Drive Market Analysis, Insights and Forecast, 2022-2029
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile

Continue….

Request For Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/power-magnetics-for-mv-ac-drive-market-104675

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

This release was published on openPR.