Medium voltage drives are adjustable speed drives utilized to control the torque and speed of AC motors. The usage of these drives in industrial powertrains is augmenting, in part due to a deduction in their cost and size. Furthermore, growing urbanization & industrialization coupled with augmenting need for energy efficiency and regulations on energy efficiency are foremost factors propelling the AC drives market.
According
to the report analysis, ‘Medium Voltage AC Drive Market: Current Analysis and
Forecast (2021-2027)’ states that Some of the major players
operating in the market include ABB Ltd., Schneider Electric SE, Hitachi Ltd.,
Rockwell Automation Inc., NIDEC CORPORATION, Toshiba Mitsubishi-Electric Industrial
Systems Corporation (TMEIC), YASKAWA ELECTRIC CORPORATION, Honeywell
International Inc., Siemens AG, and Fuji Electric Co. Ltd.. These companies in
the Medium Voltage AC Drive market are effectively working for keep maintaining
the governing position, registering the great value of market share, leading
the highest market growth, ruling around the globe, obtaining the competitive
edge and generating the highest percentage of revenue by spreading the
awareness connected to the applications and advantages of medium voltage AC
drive, implementing the policies of profit making and strategies of expansion,
increasing the features and benefits of medium voltage AC drive, improving the
qualitative and quantitative measures of such, analysing the strategies and
policies of government as well as contenders, delivering the better customer
satisfaction, decreasing the associated prices of such and decreasing the
associated prices of such.
Based
on converter type, the market is diverged into voltage source inverter, current
source inverter, and load commutated inverter. The voltage source inverter
segment gripped significant market share of the Global Medium Voltage AC Drive
Market. The growth of the category is majorly due to the augmenting regulations
towards energy efficiency, upgradation & transformation of aging
infrastructure for safe & secure electrical distribution systems, and augmenting
the rate of industrialization and urbanization.
Request
For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTUwNTkw
On
the basis of voltage, the market is categorized into 3 KV to 7 KV, 7.1 KV to 14
KV, and 14.1 KV to 35 KV. The 3 KV to 7 KV category is projected to witness greatest
CAGR during the forecast period. This growth is majorly attributed to augmenting
use of medium voltage AC drive in building automation sector. The growth is propelled
by the increasing requirement of energy-efficient facilities as augmented
prices of energy and the formulation of stringent energy-efficiency policies
have made it critical to check the energy consumption levels in buildings.
Asia
Pacific constitutes the greatest market for the industry and produced revenue
of USD XX billion during 2020. Countries such as China and India are among the key
countries considered as the major manufacturing hub for drives. Over the past
few years, this region has witnessed speedy economic development. Surging requirement
for electricity and the growing need to augment the renewable power generation
capacity motivates the utilities in these countries to invest in transmission
and distribution infrastructure. There has also been an augmenting initiative
towards energy efficiency that augments the demand for medium voltage AC drive.
For More Information, refer to
below link:-
Global
Medium Voltage AC Drive Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
