Medium Voltage Inverter Market to Grow Owing to Rising Industrial and Commercial Applications by 2021: Million Insights

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Million Insights

26 Oct, 2017, 10:30 BST

FELTON, California, October 26, 2017 /PRNewswire/ --

Global medium voltage inverter market witnesses a higher CGAR growth in the assessment period owing to proliferated use and increasing industrialization. Commercial factors such as rising urbanization, growing small and medium manufacturing units and use of semiconductors in electrical devices signify heavy market growth.

Medium voltage machines are incorporated to cater to several industrial setups that require adjustable frequencies. Adjustable frequencies direct the angular velocity of the rotor shaft of AC electric equipment by providing voltage of variable frequency. Hence, the end user applications comprise cement & petrochemical, sewage & waste processing, forest product development and mining. Technically, the structure of medium-voltage includes two states of power conversion, viz Power rectifier of the three-phase supply voltage that feed the capacitors of a DC-link circuit forms an input stage; an output stage comprising a power inverter to convert DC voltage of a capacitor into variable-frequency, the three-phase AC machines are fed with switched voltage waveforms.

Browse 104 page research report with TOC on "Global Medium Voltage Inverter Market" at: https://www.millioninsights.com/industry-reports/medium-voltage-inverter-market

Medium voltage inverter market is driven by factors such as rising infrastructural activities comprising construction of hospitals, educational institutions, stringent norms pertaining to energy efficiency, minimization of life cycle cost and enhanced energy use. However, the degradation of oil prices has resulted into decline of capital budgets which is likely to disturb the market growth for forecast period.

Medium voltage inverter market is segmented into micro power drives, lower power drives, medium power drives and high power drives, based on power range. Based on voltage, the medium voltage inverter market is segmented into low voltage & medium voltage. By type, the market is segmented into AC drives, DC drives and servo drives.

Medium voltage inverter market is segmented into pumps, fans, compressors, conveyors, and extruders. Based on end-user application, the medium voltage inverter market is segmented into industrial, infrastructure, oil & gas and refrigeration.

The market geographically spans North America, Latin America, Asia-Pacific, Europe, Middle-East & Africa. APAC regions are projected to rise at a higher CAGR during the assessment period owing to wider use of these devices in industrial as well as infrastructure. Industries such as oil & gas, metal & mining, cement, waste & waste water are emphasizing more on sustainable resources to eliminate Co2 emissions. North America is anticipated to grow at a higher CAGR during the forecast period.

The key players in the medium voltage inverter market include ABB Ltd, Siemens AG, Schneider Electric, Danfoss, Rockwell Automation Inc, WEG, Yaskawa Electric Corporation, Eaton Corporation, General Electric Inc, Emerson Electric Inc, Hitachi Ltd, Crompton Greaves Ltd, Mitsubishi Electric Corporation, and Fuji Electric Co Ltd.

Browse reports of similar category available with Million Insights: 

This report studies Medium voltage Inverter in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering 

• ABB

• Siemens

• Yaskawa

• Inovance

• Schneider

• Delta

• Emerson

• Danfoss

• Mitsubishi

• Fuji

• Rockwell

• Suniland

• Hitech

• ON Semiconductor

• Hitachi

• Fuji Electric

• INVT

• Fairchild

Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Medium voltage Inverter in these regions, from 2011 to 2021 (forecast), like 

• North America

• China

• Europe

• Japan

• India

• Southeast Asia

Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into 

• Type I

• Type II

• Type III

Split by application, this report focuses on consumption, market share and growth rate of Medium voltage Inverter in each application, can be divided into 

• Application 1

• Application 2

• Application 3

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SOURCE Million Insights