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Medium Voltage Drives Market Share

Report ID: GMI5193
Published Date: Oct 2024
Report Format: PDF

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Medium Voltage Drives Market Share

Key companies including ABB, Siemens, Danfoss, Schneider Electric, Fuji Electric, and Rockwell, among others, are the major operators in the market evolving into crucial industrial networks. These companies hold a significant share of the market due to a combination of historical presence, technological innovations, and strategic positioning. Their expertise in power infrastructure, global footprint, focus on sustainability, and ability to offer comprehensive solutions.

Medium Voltage Drives Market Companies

Major players operating in the medium voltage drives industry are:

ABB
CG Power & Industrial Solutions
Danfoss
Delta Electronics
Eaton
Fuji Electric
General Electric
Hitachi Hi-Rel Power Electronics
Ingeteam Power Technology
Johnson Controls
Nidec Industrial Solutions
Rockwell Automation
Schneider Electric
Siemens
TECO-Westinghouse
TMEIC
WEG
Yaskawa Electric

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market size for medium voltage drives size was valued at USD 1.8 billion in 2023 and is estimated to reach USD 3 billion by 2032, driven by a CAGR of over 5.8% from 2024 to 2032.

The AC drive segment is anticipated to observe a growth rate of over 5.5% CAGR till 2032, driven by ongoing technological improvements and the integration of IoT capabilities.

U.S. market is anticipated to surpass USD 450 million by 2032, driven by increasing investments in the manufacturing sector and the growing utilization of high-power machinery.

Major players in the industry include ABB, CG Power & Industrial Solutions, Danfoss, Delta Electronics, Eaton, Fuji Electric, General Electric, Hitachi Hi-Rel Power Electronics, Ingeteam Power Technology, and Johnson Controls.