
Global Medium-voltage Electric Drives Facts and Figures
Description
Global Medium-voltage Electric Drives Facts and Figures
The Global medium-voltage electric drives market is expected to experience a compound annual growth rate (CAGR) of 3.2% in value terms during the forecast period, with a projected value of USD 2,646.6 million by 2029.
In terms of product types, the medium-voltage AC drives segment dominated the market in 2023 and is projected to reach a valuation of USD 2,572.3 million by 2029. This segment is also anticipated to demonstrate the highest CAGR of 3.4% from 2024 to 2029.
The global medium-voltage electric drives market is segmented by industry, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The discrete manufacturing segment is expected to reach USD 381.1 million by 2029, with a CAGR of 4.2% from 2024 to 2029.
Geographically, Asia-Pacific emerged as the dominant player in the medium-voltage electric drives market in 2023, followed closely by North America and Europe. The valuation of North America is projected to reach USD 739.8 million by 2029, while the Asia-Pacific region is anticipated to exhibit a higher CAGR of 4.0% from 2024 to 2029.
Key players in the global medium-voltage electric drives market include Siemens AG, ABB, Ltd., Danfoss A/S, Schneider Electric SE, Shanghai Electric Group Co., Ltd., Toshiba Corporation, WEG SA, and Yaskawa Electric Corporation. These top companies collectively held over 50% of the market share in 2022, highlighting their significant influence within the industry according to Tanalyze Ltd.'s report.
This study aims to analyze the global market for various segments of medium-voltage electric drives, including:
Product Type: Medium-voltage AC Drives and Medium-voltage DC Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: North America (USA, Canada, and Mexico), Europe (Germany, Italy, Russia, United Kingdom, France, Poland, Sweden, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and Rest of Asia Pacific), Latin America (Brazil, Chile, Colombia, and Latin America), and MEA (Saudi Arabia, UAE, Iran, Turkey, South Africa, and Rest of MEA).
Table of Contents
114 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Medium-Voltage Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Global Medium-Voltage Electric Drives Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Part 5. Global Medium-Voltage Electric Drives Market by End-User
- Part 6. Global Medium-Voltage Electric Drives Market by Region
- Part 7. North America Medium-Voltage Electric Drives Market
- Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 8. Europe Medium-Voltage Electric Drives Market
- Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 9. Asia Pacific Medium-Voltage Electric Drives Market
- Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 10. Latin America Medium-Voltage Electric Drives Market
- Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 11. MEA Medium-Voltage Electric Drives Market
- Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Market by End-User
- Market by Country
- Market by Competitors
- Part 12. Competitive Analysis
- Competition Overview
- Siemens AG
- Business Overview
- Contact Information
- ABB, Ltd.
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Rockwell Automation, Inc.
- Business Overview
- Contact Information
- Nidec Corporation
- Business Overview
- Small Precision Motors
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- WEG SA
- Business Overview
- Contact Information
- Shanghai Electric Group Co., Ltd.
- Business Overview
- Contact Information
- Toshiba Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Global Medium-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Global Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Global Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Global Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Global Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Global Medium-voltage Electric Drives Market Share by Region, 2023
- Global Medium-voltage Electric Drives Market by Region, 2020-2029 (USD Million)
- Global Medium-voltage Electric Drives Market by Region, CAGR Historic and Forecast, 2020-2029
- North America Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- North America Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- North America Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- North America Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Medium-Voltage Electric Drives Market Share by Country, 2023
- North America Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Europe Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Europe Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Europe Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Medium-Voltage Electric Drives Market Share by Country, 2023
- Europe Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Asia Pacific Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage Electric Drives Market Share by Country, 2023
- Asia Pacific Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Latin America Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Latin America Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Latin America Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Latin America Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Latin America Medium-Voltage Electric Drives Market Share by Country, 2023
- Latin America Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- MEA Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- MEA Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- MEA Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- MEA Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- MEA Medium-Voltage Electric Drives Market Share by Country, 2023
- MEA Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Global Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG Revenue, by Region, 2022
- ABB, Ltd. Financial Overview (USD Million)
- ABB, Ltd. Revenue, by Type, 2022
- ABB, Ltd. Revenue, by Segment, 2022
- ABB, Ltd. Revenue, by Product, 2022
- ABB, Ltd. Revenue, by Region, 2022
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Schneider Electric SE Financial Overview (EUR Million)
- Schneider Electric SE Revenue, by Segment, 2022
- Rockwell Automation, Inc. Financial Overview (USD Million)
- Rockwell Automation, Inc. Revenue, by Segment, 2023
- Rockwell Automation, Inc. Revenue, by Type, 2023
- Rockwell Automation, Inc. Revenue, by Region, 2023
- Nidec Corporation Financial Overview (JPY Billion)
- Nidec Corporation Revenue, by Segment, 2023
- Nidec Corporation Revenue, by Region, 2023
- Nidec Corporation Small Precision Motors Revenue (JPY Billion)
- Yaskawa Electric Corporation Financial Overview (JPY Million)
- Yaskawa Electric Corporation Revenue, by Segment, 2023
- Yaskawa Electric Corporation Revenue, by Region, 2023
- WEG SA Financial Overview (BRL Million)
- WEG SA Revenue, by Region, 2022
- WEG SA Domestic Market Revenue, by Segment, 2022
- WEG SA International Market Revenue, by Region, 2022
- Shanghai Electric Group Co., Ltd. Financial Overview (CNY Billion)
- Shanghai Electric Group Co., Ltd. Revenue, by Segment, 2023
- Shanghai Electric Group Co., Ltd. Revenue, by Region, 2023
- Toshiba Corporation Financial Overview (JPY Million)
- Toshiba Corporation Revenue, by Region, 2023
- Toshiba Corporation Revenue, by Segment, 2023
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