Global Medium Voltage Variable Speed Drive Market Growth 2023-2029

Global Medium Voltage Variable Speed Drive Market Growth 2023-2029

A Variable Frequency Drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor.

Other names for a VFD are variable speed drive, adjustable speed drive, adjustable frequency drive, AC drive, Microdrive, and inverter.

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

This Insight Report provides a comprehensive analysis of the global Medium Voltage Variable Speed Drive 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 Medium Voltage Variable Speed Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medium Voltage Variable Speed Drive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium Voltage Variable Speed Drive 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 Medium Voltage Variable Speed Drive.

The global Medium Voltage Variable Speed Drive market size is projected to grow from US$ 19 million in 2022 to US$ 24 million in 2029; it is expected to grow at a CAGR of 24 from 2023 to 2029.

Global Verified Frequency Driver (VFD) key players include ABB, Siemens AG, Schneider Electric, etc. Global top three manufacturers hold a share over 40%. China is the largest market, with a share about 20%, followed by North America, and Europe, both have a share over 40 percent. In terms of product, Low Voltage (0-690V) is the largest segment, with a share over 70%. And in terms of application, the largest application is Elevators, followed by Fans, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Medium Voltage Variable Speed Drive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
3.3kV
6.6kV
11kV
Other

Segmentation by application
Power Generation
Cement Manufacturing
Mining
Papermaking
Waste Water Treatment
Other

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.
Schneider Electric
ABB
Eaton
Toshiba International Corporation
GE
Siemens
Rockwell Automation
Hitachi Hi-Rel Power Electronics
Nidec Industrial Solutions
Weg Electric Corp
Yaskawa
Danfoss
Fuji Electric
Power Electronics
Alkhorayef Petroleum
Hoffmann Technics AG
Johnson Controls
TECO-Westinghouse

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medium Voltage Variable Speed Drive market?

What factors are driving Medium Voltage Variable Speed Drive market growth, globally and by region?

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

How do Medium Voltage Variable Speed Drive market opportunities vary by end market size?

How does Medium Voltage Variable Speed Drive 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.