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Medium Voltage Drives Market By Power Range ( 7MW) By End User (Oil & Gas, Power Generation, Mining & Metals, Pulp & Paper, Marine, Others) By Drive (AC DC, Servo)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The global medium voltage drives market is segmented by power range, end user, drive, application, and region. 1MW to 3MW Medium Voltage Drives are the most popular, while power generation and oil & gas category the two primary end user segment. AC category drives are the most commonly used drives, with Asia Pacific leading the market growth.

The increasing demand for energy-efficient solutions in various industries and the growing adoption of automation and process control systems are two factors propelling the medium voltage drives market. The high initial cost of installing and implementing medium voltage actuators is a market restraint that may limit their widespread adoption in certain industries.

Nonetheless, the global medium voltage drives market offers significant growth opportunities, such as the growing emphasis on renewable energy sources, such as wind and solar, which require medium voltage drives for efficient power conversion and distribution, which presents two opportunities for the medium voltage drives market. In addition, the expansion of industrial automation and the emergence of Industry 4.0 technologies present opportunities for incorporating medium voltage drives into advanced manufacturing systems, thereby facilitating enhanced efficiency and productivity.

Market Overview

The global medium voltage drives market has witnessed steady growth in recent years and is expected to grow at a CAGR of 4.20% between 2023 and 2030. The market was valued at USD 1.4 Billion in 2022 and is expected to reach USD 1.8 Billion in 2030.

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What Are The Main Drivers Of The Global Medium Voltage Drives Market?

There is a growing emphasis on energy conservation and efficiency across industries. Medium voltage drives offer the ability to optimize energy usage by adjusting motor speed, reducing energy wastage, and improving overall system efficiency.

What Are The Major Challenges Faced By The Global Medium Voltage Drives Market?

The upfront investment required for medium voltage drives, including equipment, installation, and integration, can be substantial. This cost factor can challenge industries, especially small and medium-sized enterprises, limiting their adoption.

What Are The Growth Opportunities In The Global Medium Voltage Drives Market?

As the demand for renewable energy sources continues to rise, medium voltage motors can play a crucial role in integrating and optimizing the power produced by renewable sources such as wind and solar. This allows the market to expand its presence in the renewable energy sector.

Executive Summary

Overview of the Global Medium Voltage Drives Market

Due to factors such as the increasing emphasis on energy efficiency, the rise in industrial automation, and the integration of medium voltage drives with renewable energy sources, the global market for medium voltage drives is growing steadily. These drives provide enhanced control over motor speed, resulting in energy savings and increased productivity in various industries, including manufacturing, oil and gas, and power generation. However, obstacles such as the high initial cost and technical complexity hinder the expansion of the market to some degree. Nonetheless, the market is poised for growth due to integrating renewable energy and developing industrial automation technologies.

Market Definition

Medium Voltage Drives are electrical devices that govern the speed and torque of medium-voltage electric motors. They are also known as medium voltage variable frequency drives (VFDs) and inverters. Motors with medium voltage ratings (typically ranging from a few kilovolts to tens of kilovolts) are typically employed in industrial applications. Medium voltage drives convert incoming electrical power into a variable frequency and voltage output, allowing for precise motor speed and torque control. By varying the frequency and voltage supplied to the motor, these drives can optimize energy consumption, improve motor performance, and provide flexibility for various industrial operations.

Market Insights

The global demand for medium voltage drives was valued at USD 1.4 Billion in 2022 and is expected to reach USD 1.8 Billion in 2030, growing at a CAGR of 4.20% between 2023 and 2030.
1MW to 3MW is the leading segment by power range and held over 36% share in value in 2022, while the >7MW segment is likely to exhibit the fastest CAGR during the forecast period.
The power generation segment governs the demand for medium voltage drives globally, holding a massive share of over 20% in 2022, and is expected to grow at a rapid CAGR.
The servo drives segment is expected to post the highest CAGR during the forecast period, while the AC segment is leading the market share with over 30% in 2022.
Pumps govern the demand for medium voltage drives globally, holding a massive share of over 25% in 2022, and are expected to grow at a rapid CAGR.
North America is fueling the growth of the Medium Voltage Drives industry with over one-third share in 2022, while Asia Pacific and Europe collectively accounted for just under 50% share in 2022. Europe held over 25% share in 2022.
The need to cut energy use and boost operational effectiveness fuels these drivers. The high initial cost of installing and executing medium voltage drives is a market restraint that can prevent general adoption in some industries due to financial restrictions.
Due to its fast industrialization, expanding infrastructure, and important manufacturing businesses in nations like China and India, the Asia Pacific region currently dominates the market for medium voltage drives.

Segmentation by Power Range

1MW to 3MW is the leading segment by power range and held over 30% share in value in 2022.
The > 7MW segment will likely exhibit the fastest CAGR during the forecast period.

Segmentation by End User

The power generation segment governs the demand for medium voltage drives globally, holding a massive share of over 30% in 2022, and is also expected to grow at a rapid CAGR.
The oil & gas segment contributes to the demand for medium voltage drives.

Segmentation by Drive

The servo drives segment is expected to post the highest CAGR during the forecast period.
The AC segment is leading the market share with over 30% share in 2022.

Segmentation by Application

The pump segment is leading the market share with over 35% share in 2022.
The conveyor drives segment is expected to post the highest CAGR during the forecast period.

Segmentation by Region

Asia Pacific is fueling the growth of the Medium Voltage Drives industry with over one-third share in 2022. Asia Pacific and Europe collectively account for just under 50% share in 2022, with Europe holding over 20% share in the same year.
The rest of the World, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for medium voltage drives.

The global market for medium voltage drives is expanding gradually due to the rising importance of energy efficiency, the popularity of industrial automation, and the combination of medium voltage drives with renewable energy sources. Industries as diverse as manufacturing, oil and gas extraction, and electricity generation can all benefit from the energy savings and higher productivity made possible by these drives’ improved motor speed control.

In the United States, various industries utilize the medium voltage drives market extensively. In the manufacturing industry, medium voltage drives are incorporated into production lines to regulate the speed and torque of motors, thereby optimizing energy consumption and boosting productivity. In the oil and gas industry, medium voltage drives are utilized for pump and compressor applications, providing precise motor performance control and minimizing energy waste. In addition, medium voltage drives are utilized in turbines and generators in the power generation sector for efficient power conversion and grid integration, assuring a reliable and stable electricity supply.

The medium voltage drives Market is crucial to the industrial landscape of Germany. The manufacturing industry controls machinery motors with medium voltage drivers, allowing for precise speed control and energy optimization. In the renewable energy sector, specifically wind power, medium voltage actuators are used to convert the variable rotational speed of wind turbines into grid-compatible, stable electricity. Germany’s emphasis on energy efficiency promotes the adoption of medium voltage drives in various industries, including HVAC systems, water treatment plants, and the pulp and paper industry, where they contribute to enhanced process control, decreased energy consumption, and improved equipment performance.

Due to the growing significance of energy efficiency, the popularity of industrial automation, and the integration of medium voltage drives with renewable energy sources, the global market for medium voltage drives is progressively growing.

Increasing Demand for Energy-Efficient Solutions

The rising demand for energy-efficient solutions significantly drives the market for medium voltage drives. Industries from all sectors actively seek solutions to cut energy use and boost operational effectiveness. By permitting precise control of motor speed and torque, medium voltage drives offer a way to accomplish these goals and achieve optimal energy use.

Medium voltage drives can match the motor’s speed and power requirements to the actual load, preventing energy waste during periods of low demand. This is done by altering the frequency and voltage provided to the motor. This dynamic control capacity enables businesses to save significant energy, lowering operating costs and reducing carbon impact.

Rising Adoption of Automation and Process Control Systems

Another significant factor driving the market for medium voltage drives is the growing deployment of automation and process control systems. Industries are rapidly adopting advanced automation technology to increase productivity, accuracy, and operational effectiveness. Medium voltage drives are essential to modern automated systems because they offer fine control over motor speed, torque, and position.

Medium voltage drives are included in equipment and production lines in modern industrial processes to allow for several motors’ seamless control and synchronization. Through this connection, production rates are maximized, downtime is minimized, and product quality is improved.

Medium voltage drives also make it easier to develop process control systems by enabling real-time monitoring and modification of motor performance. Medium voltage drives assist in maintaining ideal process conditions, resulting in enhanced efficiency, decreased waste, and increased production. They do this by continuously monitoring data and modifying motor parameters.

Higher Costs

The high initial cost of setting up and executing these systems is one barrier to growth in the market for medium voltage drives. Medium voltage drives require an initial outlay that covers the drives’ cost as well as installation, integration, and any necessary infrastructure alterations.

For industries, particularly small and medium-sized firms (SMEs) with tight budgets or other financial constraints, this cost issue can be problematic. Despite its long-term benefits in terms of energy savings, medium voltage drives may not be adopted by all prospective buyers due to the greater upfront cost. Therefore, manufacturers and suppliers need to address cost issues and offer flexible price alternatives to make medium voltage drives more available and cheap for a wider range of sectors and enterprises.

Integration with Renewable Energy Sources

The combination of medium voltage drives and renewable energy sources represents a substantial market opportunity for medium voltage drives. There is a greater need for the effective use of renewable energy sources like wind and solar power as sustainability and lowering carbon emissions become more of a priority. Medium voltage drives can play a significant part in this integration by facilitating the conversion and management of power generated from renewable sources.

For instance, medium voltage drives are used in wind turbines to transform the turbine blades’ fluctuating rotational speed into a steady frequency and voltage output that is compatible with the electrical grid. Medium voltage drives allow effective power generation and grid synchronization by precisely regulating the speed of the turbine generator, optimizing the overall performance of wind power systems.

Integration with Industrial Automation and Industry 4.0

Integrating industry automation and Industry 4.0 technologies represents a substantial new opportunity for the medium voltage drives market. The need for sophisticated control and motor-driven system optimization is growing as businesses increasingly embrace automation and digitization. Medium voltage drives can be smoothly incorporated into automated production processes and cutting-edge control systems to increase effectiveness, productivity, and flexibility.

Medium voltage drives offer precise control over motor speed, torque, and position in the context of industrial automation, enabling synchronized motion control in intricate manufacturing lines. Through this integration, system performance is improved, cycle times are shortened, and consistent product quality is guaranteed.

Additionally, medium voltage drives are essential for putting Industry 4.0 technologies into practice. The Industrial Internet of Things (IIoT) networks can be connected to medium voltage drives to gather and analyze valuable real-time motor performance data. This data-driven methodology makes condition-based maintenance, system dependability optimization, and downtime reduction possible. Predictive maintenance, remote monitoring, and sophisticated analytics are also made possible.

Competitive Landscape

Key Players

The global medium voltage drives market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

Eaton Corporation
ABB Ltd
Crompton Greaves Ltd
GE Company
Honeywell International Inc.
Rockwell Automation Inc.
Hitachi Group
Mitsubishi Corporation
Toshiba Corporation
Schneider Electric Company
Others

Various prominent competitors, such as significant industrial automation firms, electrical equipment manufacturers, and specialist drive system providers, define the competitive landscape of the medium voltage drives market. To achieve a competitive edge in the market, these businesses compete based on product innovation, technological breakthroughs, worldwide reach, and customer support services.

For its low-voltage air circuit breaker device that can safeguard low-voltage power distribution systems in industries and commercial buildings, Mitsubishi Electric Corporation announced that it had won the 2021 R&D 100 award from the American publication R&D World.

PowerFlex 6000T Medium Voltage Drive performance is enhanced by Rockwell Automation. Several improvements to the Allen-Bradley PowerFlex 6000T medium voltage drives are now available to industrial businesses. The company’s TotalFORCE technology, which provides accurate speed and torque management, diagnostic information for monitoring system health, and automatic modifications to keep processes operating smoothly, is now incorporated into the drives.

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Summary of Key Findings

Over 36% of the market’s value in 2022 was concentrated in the 1MW to 3MW power range, but the >7MW segment is expected to grow faster over the forecast period.
The demand for medium voltage drives worldwide is controlled by the power generation sector, which is projected to increase at a high CAGR and account for more than 20% of the market by 2022.
The AC category will likely maintain its lead in market share through 2022, although the servo drives segment is projected to grow faster than the other two.
Medium voltage drives are primarily used in pumps, which account for over 25% of the market in 2022 and are projected to grow at a CAGR of over 5%.
North America is driving the growth of the Medium Voltage Drives industry, accounting for over one-third of the market share in 2022, while Asia Pacific and Europe collectively account for just under 50%. In 2022, approximately 25% was held by Europe.

Future Outlook

The medium voltage drives market has a huge future potential. Due to the increased need for energy-efficient products, the expanding adoption of automation and Industry 4.0 technologies, and the integration of medium voltage drives with renewable energy sources, the market is predicted to continue to rise.
The market is ready for breakthroughs in efficiency, performance, and connection thanks to ongoing advancements in motor control technology.
Ample growth prospects for medium voltage drives are also provided by growing economies, industrial expansions, and infrastructure development initiatives, further enhancing the market’s potential.

Segmentation

By Power Range
- <1MW
- 1MW to 3MW
- 3MW to 7MW
- > 7MW
By End User
- Oil & Gas
- Power Generation
- Mining & Metals
- Pulp & Paper
- Marine
- Others
By Drive
- AC
- DC
- Servo
By Application
- Pump
- Fan
- Conveyor
- Compressor
- Extruder
- Others
By Region

North America
- U.S
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Medium Voltage Drives Market
2.2. Global Medium Voltage Drives Market, By Power Range
2.3. Global Medium Voltage Drives Market, By End User
2.4. Global Medium Voltage Drives Market, By Drive
2.5. Global Medium Voltage Drives Market, By Application
2.6. Global Medium Voltage Drives Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Medium Voltage Drives Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Power Range
3.5.2. End User
3.5.3. Drive
3.5.4. Application
3.5.5. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Drive
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Power Range Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. InDirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. End User Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Medium Voltage Drives Market, By Power Range
7.1. Global Medium Voltage Drives Market Overview, by Power Range
7.1.1. Global Medium Voltage Drives Market Revenue Share, By Power Range, 2022 Vs 2030 (in %)
7.2. <1MW
7.2.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
7.3. 1MW to 3MW
7.3.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
7.4. 3MW to 7MW
7.4.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
7.5. > 7MW
7.5.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)

8. Global Medium Voltage Drives Market, By End User
8.1. Global Medium Voltage Drives Market Overview, by End User
8.1.1. Global Medium Voltage Drives Market, By End User, 2022 vs 2030 (in %)
8.2. Oil & Gas
8.2.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
8.3. Power Generation
8.3.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
8.4. Mining & Metals
8.4.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
8.5. Pulp & Paper
8.5.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
8.6. Marine
8.6.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
8.7. Others
8.7.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)

9. Global Medium Voltage Drives Market, by Drive, 2017-2030 (US$ Bn)
9.1. Global Medium Voltage Drives Market Overview, by Drive
9.1.1. Global Medium Voltage Drives Market, By Drive, 2022 vs 2030 (in%)
9.2. AC
9.2.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
9.3. DC
9.3.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
9.4. Servo
9.4.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)

10. Global Medium Voltage Drives Market, by Drive, 2017-2030 (US$ Bn)
10.1. Global Medium Voltage Drives Market Overview, by Application
10.1.1. Global Medium Voltage Drives Market, By Application, 2022 vs 2030 (in%)
10.2. Pump
10.2.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
10.3. Fan
10.3.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
10.4. Conveyor
10.4.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
10.5. Compressor
10.5.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
10.6. Extruder
10.6.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)
10.7. Others
10.7.1. Global Medium Voltage Drives Market, By Region, 2017-2030 (US$ Bn)

11. Global Medium Voltage Drives Market, By Region
11.1. Global Medium Voltage Drives Market Overview, by Region
11.1.1. Global Medium Voltage Drives Market, By Region, 2022 vs 2030 (in%)
11.2. Power Range
11.2.1. Global Medium Voltage Drives Market, By Power Range, 2017-2030 (US$ Bn)
11.3. End User
11.3.1. Global Medium Voltage Drives Market, By End User, 2017-2030 (US$ Bn)
11.4. Application
11.4.1. Global Medium Voltage Drives Market, By Application, 2017-2030 (US$ Bn)

12. North America Medium Voltage Drives Market Analysis
12.1. North America Medium Voltage Drives Market, by Power Range, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. North America Medium Voltage Drives Market, by End User, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. North America Medium Voltage Drives Market, by Drive, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. North America Medium Voltage Drives Market, by Application, 2017-2030(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. North America Medium Voltage Drives Market, by Country, 2017-2030 (US$ Bn)
12.5.1. North America Medium Voltage Drives Market, by Country, 2022 Vs 2030 (in%)
12.5.2. U.S.
12.5.2.1. U.S. Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.2.2. U.S. Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
12.5.2.3. U.S. Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
12.5.2.4. U.S. Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
12.5.2.5. U.S. Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
12.5.3. Canada
12.5.3.1. Canada Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.3.2. Canada Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
12.5.3.3. Canada Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
12.5.3.4. Canada Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
12.5.3.5. Canada Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
12.5.4. Mexico
12.5.4.1. Mexico Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.4.2. Mexico Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
12.5.4.3. Mexico Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
12.5.4.4. Mexico Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
12.5.4.5. Mexico Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)

13. Europe Medium Voltage Drives Market Analysis
13.1. Europe Medium Voltage Drives Market, by Power Range, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Europe Medium Voltage Drives Market, by End User, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Europe Medium Voltage Drives Market, by Drive, 2017-2030(US$ Bn)
13.3.1. Overview
13.3.2. SRC Analysis
13.4. Europe Medium Voltage Drives Market, by Application, 2017-2030(US$ Bn)
13.4.1. Overview
13.4.2. SRC Analysis
13.5. Europe Medium Voltage Drives Market, by Country, 2017-2030 (US$ Bn)
13.5.1. Europe Medium Voltage Drives Market, by Country, 2022 Vs 2030 (in%)
13.5.2. Germany
13.5.2.1. Germany Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.2.2. Germany Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.2.3. Germany Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.2.4. Germany Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.2.5. Germany Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
13.5.3. France
13.5.3.1. France Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.3.2. France Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.3.3. France Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.3.4. Germany Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.3.5. Germany Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
13.5.4. UK
13.5.4.1. UK Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.4.2. UK Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.4.3. UK Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.4.4. UK Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.4.5. UK Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
13.5.5. Italy
13.5.5.1. Italy Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.5.2. Italy Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.5.3. Italy Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.5.4. Italy Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.5.5. Italy Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
13.5.6. Spain
13.5.6.1. Spain Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.6.2. Spain Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.6.3. Spain Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.6.4. Spain Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.6.5. Spain Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
13.5.7. Rest of Europe
13.5.7.1. Rest of Europe Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.7.2. Rest of Europe Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
13.5.7.3. Rest of Europe Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
13.5.7.4. Rest of Europe Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
13.5.7.5. Rest of Europe Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)

14. Asia Pacific Medium Voltage Drives Market Analysis
14.1. Asia Pacific Medium Voltage Drives Market, by Power Range, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Asia Pacific Medium Voltage Drives Market, by End User, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Asia Pacific Medium Voltage Drives Market, by Drive, 2017-2030(US$ Bn)
14.3.1. Overview
14.3.2. SRC Analysis
14.4. Asia Pacific Medium Voltage Drives Market, by Application, 2017-2030(US$ Bn)
14.4.1. Overview
14.4.2. SRC Analysis
14.5. Asia Pacific Medium Voltage Drives Market, by Country, 2017-2030 (US$ Bn)
14.5.1. Asia Pacific Medium Voltage Drives Market, by Country, 2022 Vs 2030 (in%)
14.5.2. China
14.5.2.1. China Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.2.2. China Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.2.3. China Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.2.4. China Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.2.5. China Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
14.5.3. Japan
14.5.3.1. Japan Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.3.2. Japan Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.3.3. Japan Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.3.4. Japan Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.3.5. Japan Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
14.5.4. India
14.5.4.1. India Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.4.2. India Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.4.3. India Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.4.4. India Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.4.5. India Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
14.5.5. South Korea
14.5.5.1. South Korea Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.5.2. South Korea Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.5.3. South Korea Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.5.4. South Korea Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.5.5. South Korea Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
14.5.6. South-East Asia
14.5.6.1. South-East Asia Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.6.2. South-East Asia Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.6.3. South-East Asia Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.6.4. South-East Asia Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.6.5. South-East Asia Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
14.5.7. Rest of Asia Pacific
14.5.7.1. Rest of Asia Pacific Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.7.2. Rest of Asia Pacific Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
14.5.7.3. Rest of Asia Pacific Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
14.5.7.4. Rest of Asia Pacific Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
14.5.7.5. Rest of Asia Pacific Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)

15. Latin America Medium Voltage Drives Market Analysis
15.1. Latin America Medium Voltage Drives Market, by Power Range, 2017-2030(US$ Bn)
15.1.1. Overview
15.1.2. SRC Analysis
15.2. Latin America Medium Voltage Drives Market, by End User, 2017-2030(US$ Bn)
15.2.1. Overview
15.2.2. SRC Analysis
15.3. Latin America Medium Voltage Drives Market, by Drive, 2017-2030(US$ Bn)
15.3.1. Overview
15.3.2. SRC Analysis
15.4. Latin America Medium Voltage Drives Market, by Application, 2017-2030(US$ Bn)
15.4.1. Overview
15.4.2. SRC Analysis
15.5. Latin America Medium Voltage Drives Market, by Country, 2017-2030 (US$ Bn)
15.5.1. Latin America Medium Voltage Drives Market, by Country, 2022 Vs 2030 (in%)
15.5.2. Brazil
15.5.2.1. Brazil Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.2.2. Brazil Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
15.5.2.3. Brazil Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
15.5.2.4. Brazil Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
15.5.2.5. Brazil Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
15.5.3. Argentina
15.5.3.1. Argentina Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.3.2. Argentina Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
15.5.3.3. Argentina Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
15.5.3.4. Argentina Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
15.5.3.5. Argentina Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
15.5.4. Rest of Latin America
15.5.4.1. Rest of Latin America Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.4.2. Rest of Latin America Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
15.5.4.3. Rest of Latin America Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
15.5.4.4. Rest of Latin America Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
15.5.4.5. Rest of Latin America Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)

16. Middle East and Africa Medium Voltage Drives Market Analysis
16.1. Middle East and Africa Medium Voltage Drives Market, by Power Range, 2017-2030(US$ Bn)
16.1.1. Overview
16.1.2. SRC Analysis
16.2. Middle East and Africa Medium Voltage Drives Market, by End User, 2017-2030(US$ Bn)
16.2.1. Overview
16.2.2. SRC Analysis
16.3. Middle East and Africa Medium Voltage Drives Market, by Drive, 2017-2030(US$ Bn)
16.3.1. Overview
16.3.2. SRC Analysis
16.4. Middle East and Africa Medium Voltage Drives Market, by Application, 2017-2030(US$ Bn)
16.4.1. Overview
16.4.2. SRC Analysis
16.5. Middle East and Africa Medium Voltage Drives Market, by Country, 2017-2030 (US$ Bn)
16.5.1. Middle East and Africa Medium Voltage Drives Market, by Country, 2022 Vs 2030 (in%)
16.5.2. GCC Countries
16.5.2.1. GCC Countries Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
16.5.2.2. GCC Countries Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
16.5.2.3. GCC Countries Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
16.5.2.4. GCC Countries Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
16.5.2.5. GCC Countries Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
16.5.3. South Africa
16.5.3.1. South Africa Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
16.5.3.2. South Africa Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
16.5.3.3. South Africa Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
16.5.3.4. South Africa Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
16.5.3.5. South Africa Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)
16.5.4. Rest of Middle East and Africa
16.5.4.1. Rest of Middle East and Africa Medium Voltage Drives Market Estimates and Forecast, 2017-2030 (US$ Bn)
16.5.4.2. Rest of Middle East and Africa Medium Voltage Drives, By Power Range, 2017-2030 (US$ Bn)
16.5.4.3. Rest of Middle East and Africa Medium Voltage Drives, By End User, 2017-2030 (US$ Bn)
16.5.4.4. Rest of Middle East and Africa Medium Voltage Drives, By Drive, 2017-2030 (US$ Bn)
16.5.4.5. Rest of Middle East and Africa Medium Voltage Drives, By Application, 2017-2030 (US$ Bn)

17. Company Profiles
17.1. Eaton Corporation
17.1.1. Company Overview
17.1.2. End Users/Services Portfolio
17.1.3. Geographical Presence
17.1.4. Financial Summary
17.1.4.1. Market Revenue and Net Profit (2019-2022)
17.1.4.2. Business Segment Revenue Analysis
17.1.4.3. Geographical Revenue Analysis
17.2. ABB Ltd
17.3. Crompton Greaves Ltd
17.4. GE Company
17.5. Honeywell International Inc.
17.6. Rockwell Automation Inc.
17.7. Hitachi Group
17.8. Mitsubishi Corporation
17.9. Toshiba Corporation
17.10. Schneider Electric Company

List of Figures
FIG. 1 Global Medium Voltage Drives Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Medium Voltage Drives Market Segmentation
FIG. 4 Global Medium Voltage Drives Market, by Power Range, 2022 (US$ Bn)
FIG. 5 Global Medium Voltage Drives Market, by End User, 2022 (US$ Bn)
FIG. 6 Global Medium Voltage Drives Market, by Drive, 2022 (US$ Bn)
FIG. 7 Global Medium Voltage Drives Market, by Application, 2022 (US$ Bn)
FIG. 8 Global Medium Voltage Drives Market, by Geography, 2022 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Power Range, 2022
FIG. 10 Attractive Investment Proposition, by End User, 2022
FIG. 11 Attractive Investment Proposition, by Drive, 2022
FIG. 12 Attractive Investment Proposition, by Application, 2022
FIG. 13 Attractive Investment Proposition, by Geography, 2022
FIG. 14 Global Market Share Analysis of Key Medium Voltage Drives Market Manufacturers, 2022
FIG. 15 Global Market Positioning of Key Medium Voltage Drives Market Manufacturers, 2022
FIG. 16 Global Medium Voltage Drives Market Value Contribution, By Power Range, 2022 & 2030 (Value %)
FIG. 17 Global Medium Voltage Drives Market, by <1MW, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Medium Voltage Drives Market, by 1MW to 3MW, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Medium Voltage Drives Market, by 3MW to 7MW, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Medium Voltage Drives Market, by > 7MW, Value, 2017-2030 (US$ Bn)
FIG. 21 Global Medium Voltage Drives Market Value Contribution, By End User, 2022 & 2030 (Value %)
FIG. 22 Global Medium Voltage Drives Market, by Oil & Gas, Value, 2017-2030 (US$ Bn)
FIG. 23 Global Medium Voltage Drives Market, by Power Generation, 2017-2030 (US$ Bn)
FIG. 24 Global Medium Voltage Drives Market, by Mining & Metals, 2017-2030 (US$ Bn)
FIG. 25 Global Medium Voltage Drives Market, by Pulp & Paper, 2017-2030 (US$ Bn)
FIG. 26 Global Medium Voltage Drives Market, by Marine, 2017-2030 (US$ Bn)
FIG. 27 Global Medium Voltage Drives Market, by Others, 2017-2030 (US$ Bn)
FIG. 28 Global Medium Voltage Drives Market Value Contribution, By Drive, 2022 & 2030 (Value %)
FIG. 29 Global Medium Voltage Drives Market, by AC, Value, 2017-2030 (US$ Bn)
FIG. 30 Global Medium Voltage Drives Market, by DC, 2017-2030 (US$ Bn)
FIG. 31 Global Medium Voltage Drives Market, by Servo, 2017-2030 (US$ Bn)
FIG. 32 Global Medium Voltage Drives Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 33 Global Medium Voltage Drives Market, by Pump, Value, 2017-2030 (US$ Bn)
FIG. 34 Global Medium Voltage Drives Market, by Fan, 2017-2030 (US$ Bn)
FIG. 35 Global Medium Voltage Drives Market, by Conveyor, Value, 2017-2030 (US$ Bn)
FIG. 36 Global Medium Voltage Drives Market, by Compressor, 2017-2030 (US$ Bn)
FIG. 37 Global Medium Voltage Drives Market, by Extruder, Value, 2017-2030 (US$ Bn)
FIG. 38 Global Medium Voltage Drives Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 39 Global Medium Voltage Drives Market, by Fan, 2017-2030 (US$ Bn)
FIG. 40 North America Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 41 U.S. Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 42 Canada Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 43 Europe Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 44 Germany Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 45 France Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 46 U.K. Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 47 Italy Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 48 Spain Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 49 Rest of Europe Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 50 Asia Pacific Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 51 China Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 52 Japan Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 53 India Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 54 South Korea Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 55 South-East Asia Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 56 Rest of Asia Pacific Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 57 Latin America Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 58 Brazil Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 59 Mexico Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 60 Rest of Latin America Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 61 Middle East & Africa Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 62 GCC Countries Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 63 South Africa Medium Voltage Drives Market, 2017-2030 (US$ Bn)
FIG. 64 Rest of Middle East and Africa Medium Voltage Drives Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Medium Voltage Drives Market
TABLE 2 Global Medium Voltage Drives Market: Market Drivers Impact Analysis
TABLE 3 Global Medium Voltage Drives Market: Market Restraints Impact Analysis
TABLE 4 Global Medium Voltage Drives Market, by Competitive Benchmarking, 2022
TABLE 5 Global Medium Voltage Drives Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Medium Voltage Drives Market, by Key Strategies Analysis, 2022
TABLE 7 Global Medium Voltage Drives Market, by <1MW, By Region, 2017-2022 (US$ Bn)
TABLE 8 Global Medium Voltage Drives Market, by <1MW, By Region, 2023-2030 (US$ Bn)
TABLE 9 Global Medium Voltage Drives Market, by 1MW to 3MW, By Region, 2017-2022 (US$ Bn)
TABLE 10 Global Medium Voltage Drives Market, by 1MW to 3MW, By Region, 2023-2030 (US$ Bn)
TABLE 11 Global Medium Voltage Drives Market, by 3MW to 7MW, By Region, 2017-2022 (US$ Bn)
TABLE 12 Global Medium Voltage Drives Market, by 3MW to 7MW, By Region, 2023-2030 (US$ Bn)
TABLE 13 Global Medium Voltage Drives Market, by > 7MW, By Region, 2017-2022 (US$ Bn)
TABLE 14 Global Medium Voltage Drives Market, by > 7MW, By Region, 2023-2030 (US$ Bn)
TABLE 15 Global Medium Voltage Drives Market, by Oil & Gas, By Region, 2017-2022 (US$ Bn)
TABLE 16 Global Medium Voltage Drives Market, by Oil & Gas, By Region, 2023-2030 (US$ Bn)
TABLE 17 Global Medium Voltage Drives Market, by Power Generation, By Region, 2017-2022 (US$ Bn)
TABLE 18 Global Medium Voltage Drives Market, by Power Generation, By Region, 2023-2030 (US$ Bn)
TABLE 19 Global Medium Voltage Drives Market, by Mining & Metals, By Region, 2017-2022 (US$ Bn)
TABLE 20 Global Medium Voltage Drives Market, by Mining & Metals, By Region, 2023-2030 (US$ Bn)
TABLE 21 Global Medium Voltage Drives Market, by Pulp & Paper, By Region, 2017-2022 (US$ Bn)
TABLE 22 Global Medium Voltage Drives Market, by Pulp & Paper, By Region, 2023-2030 (US$ Bn)
TABLE 23 Global Medium Voltage Drives Market, by Marine, By Region, 2017-2022 (US$ Bn)
TABLE 24 Global Medium Voltage Drives Market, by Marine, By Region, 2023-2030 (US$ Bn)
TABLE 25 Global Medium Voltage Drives Market, by Others, By Region, 2017-2022 (US$ Bn)
TABLE 26 Global Medium Voltage Drives Market, by Others, By Region, 2023-2030 (US$ Bn)
TABLE 27 Global Medium Voltage Drives Market, by AC, By Region, 2017-2022 (US$ Bn)
TABLE 28 Global Medium Voltage Drives Market, by AC, By Region, 2023-2030 (US$ Bn)
TABLE 29 Global Medium Voltage Drives Market, by DCs, By Region, 2017-2022 (US$ Bn)
TABLE 30 Global Medium Voltage Drives Market, by DCs, By Region, 2023-2030 (US$ Bn)
TABLE 31 Global Medium Voltage Drives Market, by Servo, By Region, 2017-2022 (US$ Bn)
TABLE 32 Global Medium Voltage Drives Market, by Servo, By Region, 2023-2030 (US$ Bn)
TABLE 33 Global Medium Voltage Drives Market, by Pump, By Region, 2017-2022 (US$ Bn)
TABLE 34 Global Medium Voltage Drives Market, by Pump, By Region, 2023-2030 (US$ Bn)
TABLE 35 Global Medium Voltage Drives Market, by Fan, By Region, 2017-2022 (US$ Bn)
TABLE 36 Global Medium Voltage Drives Market, by Fan, By Region, 2023-2030 (US$ Bn)
TABLE 37 Global Medium Voltage Drives Market, by Conveyor, By Region, 2017-2022 (US$ Bn)
TABLE 38 Global Medium Voltage Drives Market, by Conveyor, By Region, 2023-2030 (US$ Bn)
TABLE 39 Global Medium Voltage Drives Market, by Extruder, By Region, 2017-2022 (US$ Bn)
TABLE 40 Global Medium Voltage Drives Market, by Extruder, By Region, 2023-2030 (US$ Bn)
TABLE 41 Global Medium Voltage Drives Market, by Others, By Region, 2017-2022 (US$ Bn)
TABLE 42 Global Medium Voltage Drives Market, by Others, By Region, 2023-2030 (US$ Bn)
TABLE 43 Global Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 44 Global Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 45 Global Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 46 Global Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 47 Global Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 48 Global Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 49 Global Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 50 Global Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 51 Global Medium Voltage Drives Market, by Region, 2017-2022 (US$ Bn)
TABLE 52 Global Medium Voltage Drives Market, by Region, 2023-2030 (US$ Bn)
TABLE 53 North America Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 54 North America Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 55 North America Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 56 North America Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 57 North America Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 58 North America Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 59 North America Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 60 North America Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 61 North America Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 62 North America Medium Voltage Drives Market, by Country, 2017-2022 (US$ Bn)
TABLE 63 North America Medium Voltage Drives Market, by Country, 2023-2030 (US$ Bn)
TABLE 64 United States Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 65 United States Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 66 United States Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 67 United States Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 68 United States Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 69 United States Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 70 United States Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 71 United States Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 72 Canada Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 73 Canada Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 74 Canada Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 75 Canada Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 76 Canada Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 77 Canada Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 78 Canada Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 79 Canada Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 80 Mexico Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 81 Mexico Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 82 Mexico Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 83 Mexico Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 84 Mexico Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 85 Mexico Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 86 Mexico Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 87 Mexico Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 88 Europe Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 89 Europe Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 90 Europe Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 91 Europe Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 92 Europe Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 93 Europe Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 94 Europe Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 95 Europe Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 96 Europe Medium Voltage Drives Market, by Country, 2017-2022 (US$ Bn)
TABLE 97 Europe Medium Voltage Drives Market, by Country, 2023-2030 (US$ Bn)
TABLE 98 Germany Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 99 Germany Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 100 Germany Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 101 Germany Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 102 Germany Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 103 Germany Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 104 Germany Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 105 Germany Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 106 France Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 107 France Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 108 France Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 109 France Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 110 France Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 111 France Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 112 France Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 113 France Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 114 United Kingdom Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 115 United Kingdom Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 116 United Kingdom Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 117 United Kingdom Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 118 United Kingdom Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 119 United Kingdom Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 120 United Kingdom Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 121 United Kingdom Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 122 Italy Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 123 Italy Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 124 Italy Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 125 Italy Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 126 Italy Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 127 Italy Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 128 Italy Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 129 Italy Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 130 Spain Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 131 Spain Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 132 Spain Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 133 Spain Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 134 Spain Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 135 Spain Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 136 Spain Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 137 Spain Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 138 Rest of Europe Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 139 Rest of Europe Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 140 Rest of Europe Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 141 Rest of Europe Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 142 Rest of Europe Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 143 Rest of Europe Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 144 Rest of Europe Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 145 Rest of Europe Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 146 Asia Pacific Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 147 Asia Pacific Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 148 Asia Pacific Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 149 Asia Pacific Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 150 Asia Pacific Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 151 Asia Pacific Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 152 Asia Pacific Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 153 Asia Pacific Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 154 China Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 155 China Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 156 China Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 157 China Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 158 China Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 159 China Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 160 China Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 161 China Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 162 Japan Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 163 Japan Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 164 Japan Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 165 Japan Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 166 Japan Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 167 Japan Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 168 Japan Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 169 Japan Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 170 India Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 171 India Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 172 India Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 173 India Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 174 India Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 175 India Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 176 India Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 177 India Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 178 South Korea Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 179 South Korea Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 180 South Korea Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 181 South Korea Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 182 South Korea Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 183 South Korea Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 184 South Korea Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 185 South Korea Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 186 South-East Asia Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 187 South-East Asia Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 188 South-East Asia Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 189 South-East Asia Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 190 South-East Asia Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 191 South-East Asia Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 192 South-East Asia Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 193 South-East Asia Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 194 Rest of Asia Pacific Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 195 Rest of Asia Pacific Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 196 Rest of Asia Pacific Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 197 Rest of Asia Pacific Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 198 Rest of Asia Pacific Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 199 Rest of Asia Pacific Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 200 Rest of Asia Pacific Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 201 Rest of Asia Pacific Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 202 Latin America Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 203 Latin America Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 204 Latin America Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 205 Latin America Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 206 Latin America Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 207 Latin America Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 208 Latin America Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 209 Latin America Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 210 Brazil Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 211 Brazil Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 212 Brazil Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 213 Brazil Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 214 Brazil Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 215 Brazil Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 216 Brazil Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 217 Brazil Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 218 Argentina Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 219 Argentina Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 220 Argentina Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 221 Argentina Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 222 Argentina Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 223 Argentina Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 224 Argentina Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 225 Argentina Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 226 Rest of Latin America Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 227 Rest of Latin America Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 228 Rest of Latin America Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 229 Rest of Latin America Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 230 Rest of Latin America Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 231 Rest of Latin America Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 232 Rest of Latin America Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 233 Rest of Latin America Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 234 Middle East and Africa Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 235 Middle East and Africa Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 236 Middle East and Africa Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 237 Middle East and Africa Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 238 Middle East and Africa Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 239 Middle East and Africa Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 240 Middle East and Africa Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 241 Middle East and Africa Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 242 GCC Countries Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 243 GCC Countries Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 244 GCC Countries Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 245 GCC Countries Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 246 GCC Countries Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 247 GCC Countries Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 248 GCC Countries Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 249 GCC Countries Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 250 South Africa Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 251 South Africa Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 252 South Africa Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 253 South Africa Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 254 South Africa Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 255 South Africa Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 256 South Africa Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 257 South Africa Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)
TABLE 258 Rest of Middle East and Africa Medium Voltage Drives Market, by Power Range, 2017-2022 (US$ Bn)
TABLE 259 Rest of Middle East and Africa Medium Voltage Drives Market, by Power Range, 2023-2030 (US$ Bn)
TABLE 260 Rest of Middle East and Africa Medium Voltage Drives Market, by End User, 2017-2022 (US$ Bn)
TABLE 261 Rest of Middle East and Africa Medium Voltage Drives Market, by End User, 2023-2030 (US$ Bn)
TABLE 262 Rest of Middle East and Africa Medium Voltage Drives Market, by Drive, 2017-2022 (US$ Bn)
TABLE 263 Rest of Middle East and Africa Medium Voltage Drives Market, by Drive, 2023-2030 (US$ Bn)
TABLE 264 Rest of Middle East and Africa Medium Voltage Drives Market, by Application, 2017-2022 (US$ Bn)
TABLE 265 Rest of Middle East and Africa Medium Voltage Drives Market, by Application, 2023-2030 (US$ Bn)

Frequently Asked Questions

What is the current size of the global Medium Voltage Drives market?

The global medium voltage drives market was valued at USD 1.4 Billion in 2022.

What is the expected growth rate of the Medium Voltage Drives market between 2023 and 2030?

The medium voltage drives market is expected to grow at a CAGR of 4.20% between 2023 and 2030, reaching USD 1.8 Billion in 2030.

Which segment is leading the market share in terms of power range?

1MW to 3MW is the leading segment by power range, holding over 25% share in value in 2022.

Which end user segment governs the demand for Medium Voltage Drives in the world?

The power generation segment governs the demand for medium voltage drives worldwide, holding a massive share of over 25% in 2022.

Which application will lead the market during the forecast period?

The pump segment will post the highest CAGR during the forecast period.

Which region is fueling the growth of the Medium Voltage Drives industry?

North America is fueling the growth of the medium voltage drives industry, with over one-third share in 2022.

Who are the major players in the global Medium Voltage Drives market?

The top players include Eaton Corporation, ABB Ltd, Crompton Greaves Ltd, GE Company, and Honeywell International Inc.

What are the major market drivers of the Medium Voltage Drives industry?

Increasing demand for energy-efficient solutions and rising adoption of automation and process control systems are the benefits offered by medium voltage drives are the major market drivers.

What are the major market restraints of the Medium Voltage Drives industry?

Higher costs are the major market restraints.

What are the major market opportunities of the Medium Voltage Drives industry?

Integration with renewable energy sources is a major opportunity in the medium voltage drives industry.

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