Press release
United States Medium Voltage (MV) Inverters Market Size, Share, Scenario on Latest Trends & Types By 2023 to 2031 | ABB Ltd Eaton Corporation Fuji Electric Co. Ltd. Hitachi, Ltd. Hyosung Corporation
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US Medium Voltage (MV) inverters market in oil & gas industry was valued at US$ 41,997.1 million in 2022 and is projected to surpass the market valuation of US$ 69,166.2 million by 2031 at a CAGR of 5.7% during the forecast period 2023-2031.
It analyses the market's regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the global United States Medium Voltage (MV) Inverters Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
ABB Ltd
Eaton Corporation
Fuji Electric Co. Ltd.
Hitachi, Ltd.
Hyosung Corporation
Inovance Technology Europe GmbH
Mitsubishi Electric Corporation
Schneider Electric SE
Siemens AG
Toshiba Corporation
Other Prominent Player
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic's impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global United States Medium Voltage (MV) Inverters Market includes
By Application
Upstream Operations
Gas Lift
Gas Gathering
Reinjection of Gas for Pressure Maintenance
Electric Submersible
Chemical Reinjection
Others
Midstream Operations
Gas Processing Operations
Transmission and Distribution System
Reducing the Gas Volume for Shipments or for Storage
Transportation and Storage of Petroleum & Petrochemical Products
Others
Downstream Operations
Heat Trains
Oil Transfer
Treating Cooling Water in the Processes
Others
By Substations
Outdoor
Indoor
By Pumps
Centrifugal Pumps
Reciprocating Pumps
Positive Displacement Pumps
Piston Pumps (Lift, Force Pump)
Rotary pumps (Coil, Gear or Wing Pump)
Diaphragm Pumps
Others
By Compressors
Positive Displacement Compressor
Reciprocating Compressor (Diaphragm, Double and Single Acting)
Rotary Compressor (Lobe, Screw, Liquid Ring, Scroll, Vane)
Dynamic Compressor
Centrifugal Compressor
Axial Flow Compressor
Others
By End Users
Oil and Gas
Mining and Aggregate
Chemical and Petrochemical
Hoisting Machinery
Others
Overall, Astute Analytica's report on the global United States Medium Voltage (MV) Inverters Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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