Global Low and Medium-voltage Inverter Market Growth 2023-2029

Global Low and Medium-voltage Inverter Market Growth 2023-2029

Low and Medium-voltage Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.

LPI (LP Information)' newest research report, the “Low and Medium-voltage Inverter Industry Forecast” looks at past sales and reviews total world Low and Medium-voltage Inverter sales in 2022, providing a comprehensive analysis by region and market sector of projected Low and Medium-voltage Inverter sales for 2023 through 2029. With Low and Medium-voltage Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low and Medium-voltage Inverter industry.

This Insight Report provides a comprehensive analysis of the global Low and Medium-voltage Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Low and Medium-voltage Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Low and Medium-voltage Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low and Medium-voltage Inverter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Low and Medium-voltage Inverter.

The global Low and Medium-voltage Inverter market size is projected to grow from US$ 11640 million in 2022 to US$ 14940 million in 2029; it is expected to grow at a CAGR of 14940 from 2023 to 2029.

For the major players of Low and Medium-voltage Inverter, ABB maintained its first place in the ranking. Followed by Siemens, Danfoss, Yaskawa Electric and Rockwell Automation. The Top 5 players accounted for about 52% of the Global Low and Medium-voltage Inverter revenue market share.

In this study, the revenue market for Low and Medium-voltage Inverter was divided into five geographic regions. Europe occupied the largest revenue market share with about 29%. It is followed by China and North America. Other regions have smaller market.

Based on product type, Low-voltage Inverter type segment is projected to account for the largest revenue market share during the forecast period; this segment was estimated to account for about 80% share in terms of revenue.

In the applications, Hoisting Machinery, Textile Industry and Oil & Gas Industry were estimated to account for the highest market share of about 62%.

This report presents a comprehensive overview, market shares, and growth opportunities of Low and Medium-voltage Inverter market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Medium-Voltage Inverter

Low-Voltage Inverter

Segmentation by application

Textile

Oil & Gas

Mining

Hoisting

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ABB

Siemens

Danfoss

Yaskawa Electric

Rockwell Automation

Mitsubishi Electric

Schneider Electric

Fuji Electric

Inovance Technology

Delta Electronics

INVT

EURA DRIVES

Slanvert

Hiconics

STEP Electric Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Low and Medium-voltage Inverter market?

What factors are driving Low and Medium-voltage Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Low and Medium-voltage Inverter market opportunities vary by end market size?

How does Low and Medium-voltage Inverter break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.