The Large Scale Medium Voltage Drives Market Size was valued at USD 1.50 billion in 2023 and is expected to reach USD 2.50 billion by 2032 and grow at a CAGR of 5.83% over the forecast period 2024-2032.
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This growth is driven mainly by the growing need for energy efficiency, industrial automation, and infrastructure modernization in industries such as oil & gas, power generation, mining, and water treatment. Growing environmental regulations and sustainability goals have prompted industries to adopt medium voltage drives more and more to reduce energy consumption and operating costs. The incorporation of digital surveillance technologies, including IoT and AI, in these drives is also improving system efficiency as well as reliability. The accelerated industrialization in Asia-Pacific, coupled with technological developments in North America and Europe, is further boosting the global market scenario.
The U.S. Large Scale Medium Voltage Drives Market size was USD 0.22 billion in 2023 and is expected to reach USD 0.38 billion by 2032, growing at a CAGR of 6.02% over the forecast period of 2024–2032. This expansion is driven by growing take-up of energy-efficient motor control systems in core sectors like oil & gas, power generation, and water treatment. Industrial decarbonization policy incentives and the move towards smart grid infrastructure are also driving demand. Technological advancements by leading U.S.-based companies, such as the combination of digital monitoring, predictive maintenance, and sophisticated motor control, are also improving performance and lowering energy expenses. The American market is also positively affected by heavy investment in infrastructure modernization and increased focus on environmentally friendly industrial operations.
Key Drivers:
Growing Demand for Energy-Efficient Industrial Systems Significantly Boosts the Large Scale Medium Voltage Drives Market Growth.
The growing focus on energy efficiency and sustainability in large-scale industrial processes is one of the major drivers fueling the growth of the Large Scale Medium Voltage Drives Market. Oil & gas, mining, and water treatment industries are being compelled to minimize their energy usage and carbon footprint while ensuring operational efficiency. Medium voltage drives allow for accurate motor control, resulting in less energy consumption, less wear and tear, and less downtime. Furthermore, most governments across the globe are implementing stringent energy-efficiency policies and providing incentives to motivate industries to use advanced motor control systems such as MV drives. These policies, combined with growing environmental awareness and cost-saving operational objectives, are compelling industries to move away from conventional systems to medium voltage drives. As a result, the market is witnessing robust adoption, especially in heavy-duty applications where massive motors are run continuously.
Restrain:
Complex Integration Requirements with Existing Industrial Systems Restrain the Adoption of Large Scale Medium Voltage Drives in Legacy Facilities.
The complexity associated with the incorporation of these systems into installed industrial infrastructures. Most large buildings, particularly ones constructed decades ago, have outdated or incompatible motor control systems. Modifying these configurations to install high-end MV drives may necessitate extensive restructuring of the electrical network, rerouting of motors, and rewiring of control systems. These technical problems add cost, time and risk to rollout, and facility owners are loathe to move forward with integration.” These technology issues increase the time, cost, and risk of rollout, and facility owners are reluctant to pursue integration. It also leads to delay in implementation due to compatibility issues with existing legacy programmable logic controllers (PLCs) and supervisory control and data acquisition (SCADA) systems. Integration is a complex effort, especially for continuously running applications with little tolerance for system downtime, due to the need for wide-ranging planning, installation delays, and platform variability.
Opportunities:
Rising Industrial Automation and Smart Manufacturing Create Lucrative Opportunities for Medium Voltage Drives Integration Across Global Markets.
Growing smart manufacturing & industrial automation has brought a whole new market to create huge revenue by utilizing the best technology combined with low-cost solutions in the global economy fueling the large scale medium voltage drives market. As different industries are shifting towards a digital-first strategy, there is an increasing need for sophisticated motor control solutions that can easily integrate with plant automation platforms in each industry.The mid-voltage drive market has opportunities to grow with the launch of integrated with digital interfaces, real-time data analysis, and predictive maintenance features as they provide better process control, decreased downtime, and optimum energy management. As the growing trend toward automation systems shifts to manufacturing, power generation, and water treatment applications, the need for high-performance, reliable motor drives to provide efficient, continuous operation increases. This will pave the way for MV drive manufacturers to bring more intelligent and connected solutions as the industry moves into Industry 4.0. In other words, they translate into selective adoption of these digital technologies, enabling business to operate far more competitively, generating net new demand in the existing, as well as new market.
Challenges:
Lack of Technical Expertise and Skilled Workforce Challenges the Efficient Operation and Maintenance of Medium Voltage Drive Systems.
The knowledge gap regarding working on, programming and maintaining Large Scale Medium Voltage Drives held by skilled professionals. MV drives differ from traditional motor controls in involving a complicated array of electrical, electronic, and software elements that should be designed, configured, troubleshot, and maintained with domain knowledge. In many cases, and especially in areas with weak technical infrastructure, industrial facilities find it difficult to hire or train personnel with the skills to properly operate these systems. Such a skill gap may result in improper installation, inefficient usage, delayed fault detection, increased downtime, thus compromising the perceived reliability and ROI of these investments. In addition, the accelerating speed of technological evolution requires workers to constantly learn and upskill. Without proper focus on this aspect, the broader use and effective adaptation of MV drive technology in critical industries may be hindered as well.
By Application
The Pump segment claims the highest revenue share of 33.54% in 2023. They are utilized in industries such as water treatment, oil & gas, and chemical processing. By using medium-voltage drives these drives increase overall efficiency and provide better control for these applications while also balancing load variations to ensure fault-free operation with lower operating costs and energy consumption. Siemens and Schneider Electric recently introduced advanced pump solutions with smart controls and predictive maintenance features. Such innovations go a long way in covering energy losses, minimizing maintenance downtimes, and increasing the longevity of the equipment. MV drives designed to be used in pumps are becoming increasingly popular as industries seek energy-saving solutions, making them a contributing factor to market growth.
The Fan segment will expected to the Fastest CAGR over the forecast period (2023-2032) in the Large Scale Medium Voltage Drives Market. Fans play an essential role in ventilation and airflow in applications such as HVAC, cement, and mining. The use of medium voltage drives in this segment enhances energy efficiency, minimizes power usage, and enables variable speed. Players such as ABB and Rockwell Automation introduced high-tech fan drive systems with embedded IoT connectivity for real-time monitoring and control. This is in accordance with the industry demand for energy-efficient, smart, and sustainable industrial systems, further driving the adoption of MV drives in fan applications.
By End-User
The Oil & Gas application has the largest revenue share of 32.79% in the Large Scale Medium Voltage Drives Market in 2023. MV drives play a crucial role in regulating key processes such as motors, pumps, and compressors, providing immense enhancement in equipment life, process control, and energy efficiency. Siemens and ABB, among others, have launched dedicated MV drive solutions into the oil & gas market for optimal operational reliability and reduced energy consumption. The drives are designed to survive severe environmental conditions and integrate with current infrastructure easily. With the oil & gas sector seeking to reduce costs while increasing operation, the demand for medium voltage drives continues to rise, driving the market in this segment.
The Asia Pacific is the market leader in the Large Scale Medium Voltage Drives Market, commanding 45.61% of the market revenue in 2023. The rapid industrialization process and increased demand for energy-efficient solutions, as observed in industries like manufacturing, oil & gas, and power generation, drive this leadership. Players such as Siemens and Mitsubishi Electric have launched premium MV drive systems designed for use in applications in this market. These technologies revolve around maximizing efficiency, reducing energy costs, and facilitating smart manufacturing in industries. The strong development of infrastructure within the region, along with the increasing industrial processes in nations such as China, India, and Japan, keeps driving the demand for MV drives, which contributes to the significant growth of the market.
The North American market is expected to see the Fastest CAGR of 7.01% in the forecast period among Large Scale Medium Voltage Drives Market. The market's growth is driven by rising demand for energy efficient solutions, especially across oil & gas, power generation, and automotive industries. Firms like Rockwell Automation and ABB have introduced new medium voltage drive solutions aimed at improving energy management and operational efficiency. With North America driving growth towards sustainability and renewable energy, incorporation of MV drives into industrial systems is gathering pace, further boosting market growth in the region.
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ABB – (ACS580MV, ACS1000)
CG Power & Industrial Solutions – (MV Drive Series 1, MV Drive Series 2)
Danfoss – (VACON 1000, VACON 3000)
Eaton – (MV Drive Model A, MV Drive Model B)
Fuji Electric – (FRENIC4600FM6e, FRENIC4400VM4)
General Atomics – (MV Drive Alpha, MV Drive Beta)
GE Vernova – (MV7000, MV3000)
Hiconics Eco-energy Technology – (HIVERT HC4, HIVERT HV4)
Ingeteam Power Technology – (INGEDRIVE MV100, INGEDRIVE MV300)
Nidec Corporation – (SILCOVERT TH, SILCOVERT N)
April 2024, Rockwell Automation unveiled the FLEXLINE 3500, a new low voltage motor control center (MCC) designed for IEC markets. This MCC integrates smart motor control devices to deliver real-time operation and diagnostic data, enhancing productivity and energy efficiency across various industries.
November 2024, ABB introduced the ACS8080, a next-generation medium voltage air-cooled drive designed to enhance industrial performance and reliability. This drive features advanced motor control technology, achieving up to 98% efficiency, and incorporates digital capabilities for real-time monitoring and predictive maintenance.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 1.50 Billion |
| Market Size by 2032 | USD 2.50 Billion |
| CAGR | CAGR of 5.83 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Application (Pump, Fan, Conveyor, Compressor, Extruder, Others) •By End Use (Oil & Gas, Power generation, Mining & metals, Pulp & paper, Marine, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ABB, CG Power & Industrial Solutions, Danfoss, Eaton, Fuji Electric, General Atomics, GE Vernova, Hiconics Eco-energy Technology, Ingeteam Power Technology, Nidec Corporation. |
Ans: The Large Scale Medium Voltage Drives Market is expected to grow at a CAGR of 5.83% from 2024-2032.
Ans: The Large Scale Medium Voltage Drives Market size was USD 1.50 billion in 2023 and is expected to reach USD 2.50 billion by 2032.
Ans: The major growth factor of the Large Scale Medium Voltage Drives Market is the increasing demand for energy-efficient solutions and industrial automation.
Ans: The Pump segment dominated the Large Scale Medium Voltage Drives Market.
Ans: Asia Pacific dominated the Large Scale Medium Voltage Drives Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Import/Export Trade Statistics (2023)
5.2 Device Volume, by Region (2020-2032)
5.3 Supply Chain Stats
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Large Scale Medium Voltage Drives Market Segmentation, By Application
7.1 Chapter Overview
7.2 Pump
7.2.1 Pump Market Trends Analysis (2020-2032)
7.2.2 Pump Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Fan
7.3.1 Fan Market Trends Analysis (2020-2032)
7.3.2 Fan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Conveyor
7.4.1 Conveyor Market Trends Analysis (2020-2032)
7.4.2 Conveyor Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Compressor
7.5.1 Compressor Market Trends Analysis (2020-2032)
7.5.2 Compressor Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Extruder
7.6.1 Extruder Market Trends Analysis (2020-2032)
7.6.2 Extruder Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Large Scale Medium Voltage Drives Market Segmentation, by End Use
8.1 Chapter Overview
8.2 Oil & Gas
8.2.1 Oil & Gas Market Trends Analysis (2020-2032)
8.2.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Power generation
8.3.1 Power generation Market Trends Analysis (2020-2032)
8.3.2 Power generation Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Mining & metals
8.4.1 Mining & metals Market Trends Analysis (2020-2032)
8.4.2 Mining & metals Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Pulp & paper
8.5.1 Pulp & paper Market Trends Analysis (2020-2032)
8.5.2 Pulp & paper Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Marine
8.6.1 Marine Market Trends Analysis (2020-2032)
8.6.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Others
8.7.1 Others Market Trends Analysis (2020-2032)
8.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.4 North America Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.5.2 USA Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.6.2 Canada Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.7.2 Mexico Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.5.2 Poland Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.6.2 Romania Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.4 Western Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.5.2 Germany Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.6.2 France Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.7.2 UK Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.8.2 Italy Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.9.2 Spain Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.12.2 Austria Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.4 Asia Pacific Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.5.2 China Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.5.2 India Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.5.2 Japan Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.6.2 South Korea Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.7.2 Vietnam Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.8.2 Singapore Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.9.2 Australia Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.4 Middle East Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.5.2 UAE Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.4 Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Large Scale Medium Voltage Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.4 Latin America Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.5.2 Brazil Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.6.2 Argentina Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.7.2 Colombia Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Large Scale Medium Voltage Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Large Scale Medium Voltage Drives Market Estimates and Forecasts, by End Use (2020-2032) (USD Billion)
10. Company Profiles
10.1 ABB
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 CG Power & Industrial Solutions
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Danfoss
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Eaton
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Fuji Electric
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 General Atomics
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 GE Vernova
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Hiconics Eco-energy Technology
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Ingeteam Power Technology
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Nidec Corporation
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Application
Pump
Fan
Conveyor
Compressor
Extruder
Others
By End Use
Oil & Gas
Power generation
Mining & metals
Pulp & paper
Marine
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
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