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Large Scale Medium Voltage Drives Market Share

Report ID: GMI11736
Published Date: Oct 2024
Report Format: PDF

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Large Scale Medium Voltage Drives Market Share

Large Scale Medium Voltage Drives Market Company Share Analysis, 2023

Major manufacturers in the large scale VFD industry are focusing on introducing advanced technologies and pursuing strategic mergers, acquisitions, joint ventures, partnerships, and collaborations to strengthen their market positions. The growing adoption of Internet of Things (IoT), enhanced performance optimization, and the introduction of digital technologies have led manufacturers to implement innovative strategies to increase their market share.

Large Scale Medium Voltage Drives Market Companies

Major players operating across the industry include:

ABB
CG Power & Industrial Solutions
Danfoss
Eaton
Fuji Electric
General Atomics
GE Vernova
Hiconics Eco-energy Technology
Ingeteam Power Technology
Nidec Corporation
Rockwell Automation
Schneider Electric
Siemens
TMEIC
Triol Corporation
VEM
WEG
Yaskawa Electric Corporation

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global large-scale medium voltage drives industry was valued at USD 1.5 billion in 2023 and is projected to grow at a 5.8% CAGR from 2024 to 2032, driven by the push towards industrial automation and sustainability goals.

The pump segment is expected to surpass USD 1 billion by 2032, fueled by the widespread adoption of medium voltage drives in various industrial applications and the rapid growth of industrial infrastructure.

U.S. large-scale variable frequency drives market is projected to exceed USD 1.6 billion by 2032, driven by increasing energy efficiency focus and rising demand for effective motor control solutions.

Major players in the industry include ABB, CG Power & Industrial Solutions, Danfoss, Eaton, Fuji Electric, General Atomics, GE Vernova, Hiconics Eco-energy Technology, and Ingeteam Power Technology.