Global Low and Medium-voltage Inverters Market Synopsis
Global Low and Medium-voltage Inverters Market Size Was Valued at USD 12609.09 Million in 2023 and is Projected to Reach USD 19228.05 Million by 2032, Growing at a CAGR of 4.80% From 2024-2032.
Devices called low- and medium-voltage inverters are made to transform DC power from solar panels or batteries into AC power that can be used in residential, commercial, and industrial settings. Usually, they function at voltage intervals ranging from several hundred to several thousand volts.
- These inverters have several benefits, such as accurate control over the output voltage and frequency, effective power conversion, and adaptability to different loads. They promote sustainable energy practices by making it possible for renewable energy sources, such as wind and solar power, to be seamlessly integrated into the current electrical grids. They also offer dependable functionality and security features to preserve hardware and guarantee system longevity.
- The growing requirement for effective energy conversion across several industries has resulted in a need for low- and medium-voltage inverters. They are used by businesses to operate machinery and equipment and by homes and businesses for grid-tied solar systems and backup power.
- They encourage the use of renewable energy technology, they can improve energy efficiency, lessen reliance on fossil fuels, and lessen the impact on the environment. Additionally, they are essential in maintaining the stability of electrical networks by controlling variations in power generation and consumption, guaranteeing a steady and dependable supply of electricity.
Global Low and Medium-voltage Inverters Market Trend Analysis:
Rising Demand for HVAC Systems
- The growing demand for comfortable temperatures in homes and businesses has led to a rise in both HVAC installations and the use of low- and medium-voltage inverters. These inverters are key to maximizing energy efficiency in HVAC systems. They precisely control motor speed, allowing the system to adapt to real-time needs and avoid wasting energy.
- In commercial buildings like offices, malls, and hotels, maintaining ideal temperatures is crucial. Here, low- and medium-voltage inverters are particularly valuable. By enabling HVAC systems to dynamically adjust to changing conditions, inverters ensure optimal performance while reducing energy consumption. This translates to significant cost savings for businesses.
- Comfort and cost-effectiveness are top priorities for homeowners when it comes to HVAC systems. Low- and medium-voltage inverters deliver on both fronts. They provide precise control over HVAC operation, leading to increased comfort and lower energy bills. As environmental awareness grows, so does the popularity of inverters as a way to improve HVAC efficiency and reduce household energy use.
The Expanding Application of Inverters in Electrified Transportation
- The rise of electric vehicles (EVs) is driving a surge in demand for inverters, which are essential for battery charging and power conversion. This shift is creating a boom in the low and medium-voltage inverters market. As automakers prioritize EVs to meet emission regulations and consumer preferences, the need for efficient inverters will only grow.
- In addition to EVs, inverters are also crucial for integrating renewable energy sources into EV charging infrastructure. Advancements in inverter technology are making charging faster, more efficient, and more reliable, further solidifying the role of inverters in sustainable transportation.
- The electrification trend goes beyond cars. It includes commercial fleets, public transit, and even airplanes and ships. Inverters are essential for various applications in this electrified mobility ecosystem, making the low and medium-voltage inverters market a key player in shaping the sustainable future of transportation.
Global Low and Medium-voltage Inverters Market Segment Analysis:
Global Low and Medium-voltage Inverters Market Segmented based on Product Type, Application, and End-user.
By Product Type, Low-voltage Inverter (1000V to 10kV) segment is expected to dominate the market during the forecast period
- The low-voltage Inverter (1000V to 10kV) segment is dominating the Global Low and Medium-voltage Inverters Market. The wide range of uses that low-voltage inverters have in the residential, commercial, and industrial sectors has made them quite popular in the world market.
- These adaptable inverters are essential in many different industries since they may be used in a wide range of motor-driven systems, including pumps, fans, and HVAC (heating, ventilation, and air conditioning). Their flexibility to adapt to a wide range of applications guarantees their widespread deployment across many sectors, which further contributes to their supremacy in the market.
- Low-voltage inverters have become increasingly popular worldwide because of their many uses in the commercial, industrial, and residential domains. These versatile inverters are vital components of many motor-driven systems, including fans, pumps, and HVAC (heating, ventilation, and air conditioning) systems. As such, they are used in a wide range of industries. Their broad adoption across industries is ensured by their seamless integration into a variety of applications, which further solidifies their market dominance.
By Application, Industrial Applications held the largest share of 42.25% in 2023
- The Industrial Application segment is dominating in Global Low and Medium-voltage Inverters market. In heavy industries like mining, oil and gas, and large-scale manufacturing, where significant power requirements are typical, medium-voltage inverters are frequently the preferred choice.
- They are essential in these fields because of their ability to reliably perform and effectively handle high voltages. In contrast, low-voltage inverters are a popular option in commercial buildings, renewable energy systems, and smaller-scale industrial operations due to their affordability and versatility. Medium-voltage inverters appear to be in greater demand, according to recent reports and industry insights, especially in emerging economies where industrialization is speeding up.
- Medium-voltage inverters are further supported by the growth of infrastructure projects and the growing use of automation solutions in heavy industries. Nonetheless, low-voltage inverters are still widely used, particularly in industries where flexibility and energy efficiency are valued highly. As long as industries maintain their focus on resilience, sustainability, and efficiency, low- and medium-voltage inverters will be essential to powering the industrial landscape of the future.
Global Low and Medium-Voltage Inverters Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- China's dominance in the low and medium-voltage inverters market can be attributed to several factors. Firstly, the country's robust manufacturing capabilities and extensive industrial infrastructure allow for the mass production of inverters at competitive prices. China's large pool of skilled labor and access to raw materials further bolster its manufacturing prowess.
- Supportive government policies and initiatives aimed at promoting renewable energy adoption have propelled the demand for inverters, especially in the solar and wind energy sectors. China has been investing heavily in renewable energy projects, creating a significant market for low and medium-voltage inverters to integrate these sources into the grid efficiently.
- Chinese inverter manufacturers have focused on continuous innovation and technology advancements, enhancing product performance, reliability, and efficiency. This commitment to research and development has enabled them to stay ahead in the market and cater to diverse customer needs both domestically and internationally. As a result, China has emerged as a dominant player in the global low and medium-voltage inverters market, leveraging its manufacturing prowess, government support, and technological advancements.
Active Key Players in the Global Low and Medium-voltage Inverters Market
- Rockwell Automation (U.S.)
- General Electric Company (United States)
- Parker Hannifin Corporation (U.S.)
- Emerson Electric Co (U.S.)
- SMA Solar Technology AG (Germany)
- Siemens AG (Germany)
- Schneider Electric (France)
- Nidec ASI (Italy)
- Bonfiglioli Riduttori (Italy)
- Ingeteam (Spain)
- Danfoss Group (Denmark)
- Eaton Corporation (Ireland)
- Schaffner Holding AG (Switzerland)
- Hitachi ABB Power Grids (Switzerland)
- Fronius International GmbH (Austria)
- Huawei Technologies Co Ltd (China)
- Yaskawa Electric Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Fuji Electric Co Ltd (Japan)
- Mitsubishi Heavy Industries Ltd (Japan)
- Toshiba Corporation (Japan)
- Nidec Corporation (Japan)
- LSIS Co Ltd (South Korea)
- Delta Electronics Inc (Taiwan)
- WEG S.A. (Brazil) and Other Active Players
Key Industry Developments in the Global Low and Medium-Voltage Inverters Market:
- In February 2024, ABB acquired SEAM Group, a provider of energized asset management services, to enhance its Electrification Service offering. This brought expertise in predictive maintenance, electrical safety, and asset management advisory services. The deal, subject to regulatory approval, was expected to be finalized in Q3 2024, with undisclosed financial terms. SEAM Group provided strategic advisory, training, technology, and data management solutions to improve safety and operational performance for clients.
- In October 2023, The first-ever medium-voltage photovoltaic string inverter was introduced by the Fraunhofer Institute for Solar Energy Systems (ISE) under the name "MS-LeiKra." This creative project showcased possible advantages like cost and resource savings for passive components and cables, as well as the technical viability of feeding power into the medium-voltage grid. Silicon carbide semiconductors were used in the project, which was supported by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), to raise the output voltage to the medium-voltage range (1,500 V) at 250 kVA.
Global Low and Medium-voltage Inverters Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12609.09 Million |
Forecast Period 2024-32 CAGR: |
4.80% |
Market Size in 2032: |
USD 19228.05 Million |
Segments Covered: |
By Type |
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By Application |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY TYPE (2017-2032)
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- MEDIUM-VOLTAGE INVERTER (BELOW 1000V)
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- LOW-VOLTAGE INVERTER (1000V TO 10KV)
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY APPLICATION (2017-2032)
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- INDUSTRIAL APPLICATIONS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- COMMERCIAL APPLICATIONS
- RESIDENTIAL APPLICATIONS
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY END-USER (2017-2032)
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- TEXTILE INDUSTRY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- OIL & GAS INDUSTRY
- MINING INDUSTRY
- HOISTING MACHINERY
- OTHERS {FOOD AND BEVERAGE INDUSTRY, AUTOMOTIVE INDUSTRY}
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Global Low And Medium-Voltage Inverters Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ROCKWELL AUTOMATION (U.S.)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- PARKER HANNIFIN CORPORATION (U.S.)
- EMERSON ELECTRIC CO (U.S.)
- SMA SOLAR TECHNOLOGY AG (GERMANY)
- SIEMENS AG (GERMANY)
- SCHNEIDER ELECTRIC (FRANCE)
- NIDEC ASI (ITALY)
- BONFIGLIOLI RIDUTTORI (ITALY)
- INGETEAM (SPAIN)
- DANFOSS GROUP (DENMARK)
- EATON CORPORATION (IRELAND)
- SCHAFFNER HOLDING AG (SWITZERLAND)
- HITACHI ABB POWER GRIDS (SWITZERLAND)
- FRONIUS INTERNATIONAL GMBH (AUSTRIA)
- HUAWEI TECHNOLOGIES CO LTD (CHINA)
- YASKAWA ELECTRIC CORPORATION (JAPAN)
- MITSUBISHI ELECTRIC CORPORATION (JAPAN)
- FUJI ELECTRIC CO LTD (JAPAN)
- MITSUBISHI HEAVY INDUSTRIES LTD (JAPAN)
- TOSHIBA CORPORATION (JAPAN)
- NIDEC CORPORATION (JAPAN)
- LSIS CO LTD (SOUTH KOREA)
- DELTA ELECTRONICS INC (TAIWAN)
- WEG S.A. (BRAZIL)
- COMPETITIVE LANDSCAPE
- GLOBAL LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By End-User
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Low and Medium-voltage Inverters Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12609.09 Million |
Forecast Period 2024-32 CAGR: |
4.80% |
Market Size in 2032: |
USD 19228.05 Million |
Segments Covered: |
By Type |
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By Application |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET COMPETITIVE RIVALRY
TABLE 005. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET THREAT OF NEW ENTRANTS
TABLE 006. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET THREAT OF SUBSTITUTES
TABLE 007. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY TYPE
TABLE 008. HOISTING MACHINERY MARKET OVERVIEW (2016-2028)
TABLE 009. ELEVATOR MARKET OVERVIEW (2016-2028)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET BY APPLICATION
TABLE 012. V/F CONTROL INVERTERS MARKET OVERVIEW (2016-2028)
TABLE 013. VECTOR INVERTERS MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY APPLICATION (2016-2028)
TABLE 017. N LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY APPLICATION (2016-2028)
TABLE 020. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY APPLICATION (2016-2028)
TABLE 023. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY APPLICATION (2016-2028)
TABLE 026. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY APPLICATION (2016-2028)
TABLE 029. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET, BY COUNTRY (2016-2028)
TABLE 030. ABB: SNAPSHOT
TABLE 031. ABB: BUSINESS PERFORMANCE
TABLE 032. ABB: PRODUCT PORTFOLIO
TABLE 033. ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. SIEMENS: SNAPSHOT
TABLE 034. SIEMENS: BUSINESS PERFORMANCE
TABLE 035. SIEMENS: PRODUCT PORTFOLIO
TABLE 036. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. YASKAWA: SNAPSHOT
TABLE 037. YASKAWA: BUSINESS PERFORMANCE
TABLE 038. YASKAWA: PRODUCT PORTFOLIO
TABLE 039. YASKAWA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. DELTA ELECTRONICS: SNAPSHOT
TABLE 040. DELTA ELECTRONICS: BUSINESS PERFORMANCE
TABLE 041. DELTA ELECTRONICS: PRODUCT PORTFOLIO
TABLE 042. DELTA ELECTRONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. SCHNEIDER ELECTRIC: SNAPSHOT
TABLE 043. SCHNEIDER ELECTRIC: BUSINESS PERFORMANCE
TABLE 044. SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 045. SCHNEIDER ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. INOVANCE TECHNOLOGY: SNAPSHOT
TABLE 046. INOVANCE TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 047. INOVANCE TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 048. INOVANCE TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. EMERSON: SNAPSHOT
TABLE 049. EMERSON: BUSINESS PERFORMANCE
TABLE 050. EMERSON: PRODUCT PORTFOLIO
TABLE 051. EMERSON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. FUJI ELECTRIC: SNAPSHOT
TABLE 052. FUJI ELECTRIC: BUSINESS PERFORMANCE
TABLE 053. FUJI ELECTRIC: PRODUCT PORTFOLIO
TABLE 054. FUJI ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. INVT: SNAPSHOT
TABLE 055. INVT: BUSINESS PERFORMANCE
TABLE 056. INVT: PRODUCT PORTFOLIO
TABLE 057. INVT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. STEP ELECTRIC: SNAPSHOT
TABLE 058. STEP ELECTRIC: BUSINESS PERFORMANCE
TABLE 059. STEP ELECTRIC: PRODUCT PORTFOLIO
TABLE 060. STEP ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. HICONICS DRIVE TECHNOLOGY: SNAPSHOT
TABLE 061. HICONICS DRIVE TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 062. HICONICS DRIVE TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 063. HICONICS DRIVE TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. EURA DRIVES: SNAPSHOT
TABLE 064. EURA DRIVES: BUSINESS PERFORMANCE
TABLE 065. EURA DRIVES: PRODUCT PORTFOLIO
TABLE 066. EURA DRIVES: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY TYPE
FIGURE 012. HOISTING MACHINERY MARKET OVERVIEW (2016-2028)
FIGURE 013. ELEVATOR MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY APPLICATION
FIGURE 016. V/F CONTROL INVERTERS MARKET OVERVIEW (2016-2028)
FIGURE 017. VECTOR INVERTERS MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA LOW AND MEDIUM-VOLTAGE INVERTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Global Low and Medium-voltage Inverters Market research report is 2024-2032.
Rockwell Automation (U.S.), Parker Hannifin Corporation (U.S.), Emerson Electric Co (U.S.), SMA Solar Technology AG (Germany), Siemens AG (Germany), Schneider Electric (France), Nidec ASI (Italy), Bonfiglioli Riduttori (Italy), Ingeteam (Spain), Danfoss Group (Denmark), Eaton Corporation (Ireland), Schaffner Holding AG (Switzerland), Hitachi ABB Power Grids (Switzerland), Fronius International GmbH (Austria), Huawei Technologies Co Ltd (China), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fuji Electric Co Ltd (Japan), Mitsubishi Heavy Industries Ltd (Japan), Toshiba Corporation (Japan), Nidec Corporation (Japan), LSIS Co Ltd (South Korea), Delta Electronics Inc (Taiwan), WEG S.A. (Brazil), and Other Major Players.
The Global Low and Medium-voltage Inverters Market is segmented into Product Type, Application, End-Users, and Region. By Type, the market is categorized into Medium-voltage Inverter {Below 1000V}and low-voltage Inverter {1000V to 10kV}). By Application, the market is categorized into Industrial, Commercial, and Residential. By End-User, the market is categorized into the Textile Industry, Oil & Gas Industry, Mining Industry, Hoisting Machinery, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Low- and medium-voltage inverters play a crucial role in transforming DC power from solar panels or batteries into AC power for residential, commercial, and industrial use. With precise control over voltage and frequency, efficient power conversion, and adaptability to diverse loads, they facilitate the seamless integration of renewable energy sources like solar and wind power into existing electrical grids. These inverters not only promote sustainable energy practices but also ensure dependable functionality and system longevity through advanced security features. Their increasing demand across industries underscores their significance in enhancing energy conversion efficiency, reducing reliance on fossil fuels, and maintaining the stability of electrical networks, ultimately contributing to a more sustainable and reliable energy future
Global Low and Medium-voltage Inverters Market Size Was Valued at USD 12609.09 Million in 2023 and is Projected to Reach USD 19228.05 Million by 2032, Growing at a CAGR of 4.80% From 2024-2032.