Medium Voltage Drive Market Size, Share & Industry Analysis, By Drive (AC, DC, and Servo), By Power Range (< 1MW, 1MW to 3MW, 3MW to 7 MW, and > 7MW), By Application (Pumps, Conveyor, Compressor, Fan, Extruders, and Others), By End-User (Oil & Gas, Power Generation, Pulp & Paper, Mining & Metals, Marine, and Others), and Regional Forecast, 2024-2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2023

Estimated Year

2024

Forecast Period

2024-2032

Historical Period

2019-2022

Growth Rate

CAGR of 6.54% from 2024 to 2032

Unit

Value (USD Billion)

Segmentation

By Drive

• AC
• DC
• Servo

By Power Range

• < 1MW
• 1MW to 3MW
• 3MW to 7MW
• > 7MW

By Application

• Pumps
• Conveyor
• Compressor
• Fan
• Extruders
• Others

By End-User

• Oil & Gas
• Power Generation
• Pulp & Paper
• Mining & Metals
• Marine
• Others

By Region

• North America (By Drive, Power Range, Application, End-User, and Country)
  • U.S. (By End-User)
  • Canada (By End-User)
• Europe (By Drive, Power Range, Application, End-User, and Country)
  • UK (By End-User)
  • Germany (By End-User)
  • France (By End-User)
  • Italy (By End-User)
  • Spain (By End-User)
  • Russia (By End-User)
  • Rest of Europe (By End-User)
• Asia Pacific (By Drive, Power Range, Application, End-User, and Country)
  • Japan (By End-User)
  • India (By End-User)
  • China (By End-User)
  • Australia (By End-User)
  • Southeast Asia (By End-User)
  • Rest of Asia Pacific (By End-User)
• Latin America (By Drive, Power Range, Application, End-User, and Country)
  • Brazil (By End-User)
  • Mexico (By End-User)
  • Rest of Latin America (By End-User)
• Middle East & Africa (By Drive, Power Range, Application, End-User, and Country)
  • South Africa (By End-User)
  • GCC (By End-User)
  • Rest of the Middle East & Africa (By End-User)