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Medium Voltage AC Drives Market Share

Report ID: GMI5803
Published Date: Nov 2024
Report Format: PDF

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Medium Voltage AC Drives Market Share

Medium Voltage AC Drives Market Company Share Analysis, 2024

Key players in the medium voltage AC drives industry are increasingly engaging in strategic partnerships and corporate acquisitions. These moves aim to boost technological advancements and reinforce market position. Such collaborations allow companies to diversify their product offerings, tap into unexplored markets, and strengthen their customer base. By combining their strengths and knowledge, these firms can create cutting-edge solutions and distribute them to a more extensive clientele across various industries.

Medium Voltage AC Drives Market Companies

Major players operating across the industry include:

ABB
Danfoss
Delta Electronics
Eaton
Emerson Electric
Fuji Electric
GE Veronova
Hiconics
Hitachi
Nidec
Rockwell Automation
Schneider Electric
Siemens
Teco Electric & Machinery
TMEIC
WEG
Yaskawa Electric

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market size for medium voltage AC drives was valued at USD 1.6 billion in 2024 and is projected to reach USD 2.8 billion by 2034, driven by a CAGR of 6% from 2025 to 2034.

The pumps segment is expected to witness a CAGR of over 5.5% by 2034, driven by the discovery of hydrocarbon reserves and the increasing need for pumps in production and exploration processes.

The U.S. market is projected to surpass USD 415 million by 2034, driven by investments in the manufacturing sector and the demand for reliable motor control solutions.

Major players in the industry include ABB, Danfoss, Delta Electronics, Eaton, Emerson Electric, Fuji Electric, GE Veronova, Hiconics, Hitachi, Nidec, Rockwell Automation, Schneider Electric, and Siemens.