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PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882965

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PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882965

Medium Voltage AC Drive Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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Growth Factors of medium voltage AC drive Market

The global medium voltage AC drive market continues to grow steadily as industries embrace energy efficiency, automation, and sustainable electrification. According to the latest industry analysis, the market was valued at USD 5.19 billion in 2024, is projected to increase to USD 5.46 billion in 2025, and is expected to reach USD 7.19 billion by 2032. This growth is driven by expanding industrial activities, rising electricity consumption, and the need for advanced motor control solutions across sectors such as oil & gas, power generation, water treatment, and metals & mining.

Medium voltage (MV) AC drives-typically operating between 2.3 kV and 15 kV-offer precise speed and torque control for large motors. These drives are essential in high-power applications including pumps, compressors, fans, conveyors, and marine propulsion. Their ability to reduce energy consumption, enhance process performance, and improve operational flexibility has strengthened their adoption worldwide. Asia Pacific dominated the global market in 2024 with a 30.05% share, supported by strong industrial manufacturing bases and favorable government policies.

Market Dynamics

Market Drivers

Rapid industrialization in emerging economies remains one of the most powerful growth drivers. Expanding infrastructure, manufacturing, and energy sectors have amplified the demand for efficient motor-driven systems. With industrial electricity consumption increasing, medium voltage AC drives help reduce energy losses and optimize performance.

According to the International Energy Agency (IEA), global electricity demand is projected to rise 4% annually by 2027, boosting the need for efficient motor systems and advanced AC drive technologies. Additionally, digitalization and automation movements-such as Schneider Electric India's 2025 open automation initiative-are accelerating the adoption of MV drives in industries seeking operational transparency and performance optimization.

Market Restraints

Despite strong demand, the market faces challenges due to high installation, integration, and maintenance costs. Medium voltage AC drives require specialized infrastructure, power electronics, and skilled professionals for deployment. These upfront investments can deter small and medium industries. Continued maintenance, software upgrades, and the requirement for high-quality components add to operational costs, creating barriers in regions with limited financial resources.

Market Opportunities

A major growth opportunity lies in the shift toward renewable and sustainable energy systems. Medium voltage AC drives play a vital role in stabilizing power grids and optimizing motor performance in wind farms, solar installations, and battery energy storage facilities. With global renewable energy capacity expected to triple by 2030-as aligned with COP28 commitments-demand for high-performance MV drives will rise significantly. Advancements in power electronics, digital monitoring, IIoT integration, and smart-grid solutions will continue to expand opportunities across developed and developing economies.

Market Trends

The rise of industrial automation and Industry 4.0 is transforming the MV AC drive landscape. Smart drives equipped with remote monitoring, predictive maintenance, and communication interfaces are becoming mainstream. Industries increasingly use MV drives to reduce downtime, improve energy efficiency, and integrate systems with advanced digital dashboards. Growing interest in smart cities, water treatment automation, and mining productivity optimization further strengthens market growth.

Segmentation Overview

By Voltage

The 3 kV to 7 kV segment is expected to dominate due to demand from building automation, power distribution, and general industrial applications. Meanwhile, 7.1 kV to 15 kV drives are gaining traction in oil & gas, mining, and water treatment sectors that require robust motor control and reduced inrush currents.

By Application

The pumps segment remains the largest contributor, as pumps are critical across water utilities, energy, processing, and petrochemical industries. Other segments-such as compressors, fans, conveyors, and extruders-also contribute significantly due to rising automation and facility modernization.

By End-user

Power generation leads the market due to the rising need for stable, efficient energy production. Oil & gas is another major end-user, relying on MV drives for critical pumping and compression operations. Water & wastewater, building automation, and chemicals also show consistent growth.

Regional Insights

Asia Pacific, valued at USD 1.56 billion in 2024, leads the market due to massive electricity demand, growing industrial output, and favorable renewable energy policies.

North America is expanding due to strong automation adoption and energy efficiency initiatives.

Europe is driven by sustainability goals and advanced industrial automation integration.

Latin America and Middle East & Africa show growth through infrastructure development and rising industrialization.

Conclusion

With the global market rising from USD 5.19 billion in 2024 to USD 5.46 billion in 2025, and projected to hit USD 7.19 billion by 2032, the medium voltage AC drive market demonstrates solid momentum. As industries transition toward automation, cleaner energy, and enhanced efficiency, demand for high-performance MV AC drives will continue accelerating worldwide.

Segmentation

By Voltage

  • 701 V to 2.9 KV
  • 3 KV to 7 KV
  • 7.1 KV to 15 KV
  • 14.1 KV to 25 KV

By Application

  • Pumps
  • Conveyers
  • Compressors
  • Electric Fan
  • Extruders
  • Others
  • Food & Beverage
  • Oil & Gas
  • Power Generation
  • Building Automation
  • Metal & Mining
  • Water & Wastewater
  • Chemicals & Petrochemicals
  • Others

By Region

  • North America (By Voltage, By Application, By End-User, By Country)
    • U.S.
    • Canada
  • Europe (By Voltage, By Application, By End-User, By Country)
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific (By Voltage, By Application, By End-User, By Country)
    • China
    • India
    • Japan
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America (By Voltage, By Application, By End-User, By Country)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (By Voltage, By Application, By End-User, By Country)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Product Code: FBI113762

Table of Content

1. Introduction

  • 1.1. Research Scope
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
  • 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

  • 3.1. Market Drivers
  • 3.2. Market Restraints
  • 3.3. Market Opportunities

4. Key Insights

  • 4.1. Key Emerging Trends - For Major Countries
  • 4.2. Latest Technological Advancement
  • 4.3. Insight on Regulatory Landscape
  • 4.4. Porters Five Forces Analysis
  • 4.5. Impact of Tariffs on the Global Medium Voltage AC Drive Market

5. Global Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 5.1. Key Findings
  • 5.2. Market Analysis, Insights, and Forecast - By Voltage
    • 5.2.1. 700 V to 2.9 KV
    • 5.2.2. 3 KV to 7 KV
    • 5.2.3. 7.1 KV to 15 KV
    • 5.2.4. 14.1 KV to 25 KV
  • 5.3. Market Analysis, Insights, and Forecast - By Application
    • 5.3.1. Pumps
    • 5.3.2. Conveyers
    • 5.3.3. Compressors
    • 5.3.4. Electric Fan
    • 5.3.5. Extruders
    • 5.3.6. Others
  • 5.4. Market Analysis, Insights, and Forecast - By End-User
    • 5.4.1. Food & Beverage
    • 5.4.2. Oil & Gas
    • 5.4.3. Power Generation
    • 5.4.4. Building Automation
    • 5.4.5. Metal & Mining
    • 5.4.6. Water & Wastewater
    • 5.4.7. Chemicals & Petrochemicals
    • 5.4.8. Others
  • 5.5. Market Analysis, Insights, and Forecast - By Region
    • 5.5.1. North America
    • 5.5.2. Europe
    • 5.5.3. Asia Pacific
    • 5.5.4. Latin America
    • 5.5.5. Middle East & Africa

6. North America Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 6.1. Key Findings
  • 6.2. Market Analysis, Insights, and Forecast - By Voltage
    • 6.2.1. 700 V to 2.9 KV
    • 6.2.2. 3 KV to 7 KV
    • 6.2.3. 7.1 KV to 15 KV
    • 6.2.4. 14.1 KV to 25 KV
  • 6.3. Market Analysis, Insights, and Forecast - By Application
    • 6.3.1. Pumps
    • 6.3.2. Conveyers
    • 6.3.3. Compressors
    • 6.3.4. Electric Fan
    • 6.3.5. Extruders
    • 6.3.6. Others
  • 6.4. Market Analysis, Insights, and Forecast - By End-User
    • 6.4.1. Food & Beverage
    • 6.4.2. Oil & Gas
    • 6.4.3. Power Generation
    • 6.4.4. Building Automation
    • 6.4.5. Metal & Mining
    • 6.4.6. Water & Wastewater
    • 6.4.7. Chemicals & Petrochemicals
    • 6.4.8. Others
  • 6.5. Market Analysis, Insights and Forecast - By Country
    • 6.5.1. U.S.
    • 6.5.2. Canada

7. Europe Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 7.1. Key Findings
  • 7.2. Market Analysis, Insights, and Forecast - By Voltage
    • 7.2.1. 700 V to 2.9 KV
    • 7.2.2. 3 KV to 7 KV
    • 7.2.3. 7.1 KV to 15 KV
    • 7.2.4. 14.1 KV to 25 KV
  • 7.3. Market Analysis, Insights, and Forecast - By Application
    • 7.3.1. Pumps
    • 7.3.2. Conveyers
    • 7.3.3. Compressors
    • 7.3.4. Electric Fan
    • 7.3.5. Extruders
    • 7.3.6. Others
  • 7.4. Market Analysis, Insights, and Forecast - By End-User
    • 7.4.1. Food & Beverage
    • 7.4.2. Oil & Gas
    • 7.4.3. Power Generation
    • 7.4.4. Building Automation
    • 7.4.5. Metal & Mining
    • 7.4.6. Water & Wastewater
    • 7.4.7. Chemicals & Petrochemicals
    • 7.4.8. Others
  • 7.5. Market Analysis, Insights and Forecast - By Country
    • 7.5.1. UK
    • 7.5.2. Germany
    • 7.5.3. France
    • 7.5.4. Italy
    • 7.5.5. Spain
    • 7.5.6. Russia
    • 7.5.7. Rest of Europe

8. Asia Pacific Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 8.1. Key Findings
  • 8.2. Market Analysis, Insights, and Forecast - By Voltage
    • 8.2.1. 700 V to 2.9 KV
    • 8.2.2. 3 KV to 7 KV
    • 8.2.3. 7.1 KV to 15 KV
    • 8.2.4. 14.1 KV to 25 KV
  • 8.3. Market Analysis, Insights, and Forecast - By Application
    • 8.3.1. Pumps
    • 8.3.2. Conveyers
    • 8.3.3. Compressors
    • 8.3.4. Electric Fan
    • 8.3.5. Extruders
    • 8.3.6. Others
  • 8.4. Market Analysis, Insights, and Forecast - By End-User
    • 8.4.1. Food & Beverage
    • 8.4.2. Oil & Gas
    • 8.4.3. Power Generation
    • 8.4.4. Building Automation
    • 8.4.5. Metal & Mining
    • 8.4.6. Water & Wastewater
    • 8.4.7. Chemicals & Petrochemicals
    • 8.4.8. Others
  • 8.5. Market Analysis, Insights and Forecast - By Country
    • 8.5.1. China
    • 8.5.2. India
    • 8.5.3. Japan
    • 8.5.4. Australia
    • 8.5.5. Southeast Asia
    • 8.5.6. Rest of Asia Pacific

9. Latin America Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 9.1. Key Findings
  • 9.2. Market Analysis, Insights, and Forecast - By Voltage
    • 9.2.1. 700 V to 2.9 KV
    • 9.2.2. 3 KV to 7 KV
    • 9.2.3. 7.1 KV to 15 KV
    • 9.2.4. 14.1 KV to 25 KV
  • 9.3. Market Analysis, Insights, and Forecast - By Application
    • 9.3.1. Pumps
    • 9.3.2. Conveyers
    • 9.3.3. Compressors
    • 9.3.4. Electric Fan
    • 9.3.5. Extruders
    • 9.3.6. Others
  • 9.4. Market Analysis, Insights, and Forecast - By End-User
    • 9.4.1. Food & Beverage
    • 9.4.2. Oil & Gas
    • 9.4.3. Power Generation
    • 9.4.4. Building Automation
    • 9.4.5. Metal & Mining
    • 9.4.6. Water & Wastewater
    • 9.4.7. Chemicals & Petrochemicals
    • 9.4.8. Others
  • 9.5. Market Analysis, Insights and Forecast - By Country
    • 9.5.1. Brazil
    • 9.5.2. Mexico
    • 9.5.3. Rest of Latin America

10. Middle East & Africa Medium Voltage AC Drive Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

  • 10.1. Key Findings
  • 10.2. Market Analysis, Insights, and Forecast - By Voltage
    • 10.2.1. 700 V to 2.9 KV
    • 10.2.2. 3 KV to 7 KV
    • 10.2.3. 7.1 KV to 15 KV
    • 10.2.4. 14.1 KV to 25 KV
  • 10.3. Market Analysis, Insights, and Forecast - By Application
    • 10.3.1. Pumps
    • 10.3.2. Conveyers
    • 10.3.3. Compressors
    • 10.3.4. Electric Fan
    • 10.3.5. Extruders
    • 10.3.6. Others
  • 10.4. Market Analysis, Insights, and Forecast - By End-User
    • 10.4.1. Food & Beverage
    • 10.4.2. Oil & Gas
    • 10.4.3. Power Generation
    • 10.4.4. Building Automation
    • 10.4.5. Metal & Mining
    • 10.4.6. Water & Wastewater
    • 10.4.7. Chemicals & Petrochemicals
    • 10.4.8. Others
  • 10.5. Market Analysis, Insights and Forecast - By Country
    • 10.5.1. GCC
    • 10.5.2. South Africa
    • 10.5.3. Rest of Middle East & Africa

11. Competitive Analysis

  • 11.1. Company Market Share Analysis, 2024
  • 11.2. Company Profile
  • 11.3. ABB
    • 11.3.1. Business Overview
    • 11.3.2. Product and Service Offerings
    • 11.3.3. Recent Developments
    • 11.3.4. Financials (Based on Availability)
  • 11.4. Danfoss Group
    • 11.4.1. Business Overview
    • 11.4.2. Product and Service Offerings
    • 11.4.3. Recent Developments
    • 11.4.4. Financials (Based on Availability)
  • 11.5. Schneider Electric
    • 11.5.1. Business Overview
    • 11.5.2. Product and Service Offerings
    • 11.5.3. Recent Developments
    • 11.5.4. Financials (Based on Availability)
  • 11.6. Siemens
    • 11.6.1. Business Overview
    • 11.6.2. Product and Service Offerings
    • 11.6.3. Recent Developments
    • 11.6.4. Financials (Based on Availability)
  • 11.7. Fuji Electric
    • 11.7.1. Business Overview
    • 11.7.2. Product and Service Offerings
    • 11.7.3. Recent Developments
    • 11.7.4. Financials (Based on Availability)
  • 11.8. Emerson
    • 11.8.1. Business Overview
    • 11.8.2. Product and Service Offerings
    • 11.8.3. Recent Developments
    • 11.8.4. Financials (Based on Availability)
  • 11.9. Parker Hannifin
    • 11.9.1. Business Overview
    • 11.9.2. Product and Service Offerings
    • 11.9.3. Recent Developments
    • 11.9.4. Financials (Based on Availability)
  • 11.10. Rockwell Automation
    • 11.10.1. Business Overview
    • 11.10.2. Product and Service Offerings
    • 11.10.3. Recent Developments
    • 11.10.4. Financials (Based on Availability)
  • 11.11. Toshiba International Corporation
    • 11.11.1. Business Overview
    • 11.11.2. Product and Service Offerings
    • 11.11.3. Recent Developments
    • 11.11.4. Financials (Based on Availability)
  • 11.12. WEG
    • 11.12.1. Business Overview
    • 11.12.2. Product and Service Offerings
    • 11.12.3. Recent Developments
    • 11.12.4. Financials (Based on Availability)
  • 11.13. Yaskawa Electric Corporation
    • 11.13.1. Business Overview
    • 11.13.2. Product and Service Offerings
    • 11.13.3. Recent Developments
    • 11.13.4. Financials (Based on Availability)
Product Code: FBI113762

List of Tables

  • Table 1: Global Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 2: Global Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 3: Global Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 4: Global Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Region, 2019-2032
  • Table 5: North America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 6: North America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 7: North America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 8: North America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Country, 2019-2032
  • Table 9: Europe Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 10: Europe Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 11: Europe Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 12: Europe Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Country, 2019-2032
  • Table 13: Asia Pacific Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 14: Asia Pacific Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 15: Asia Pacific Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 16: Asia Pacific Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Country, 2019-2032
  • Table 17: Latin America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 18: Latin America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 19: Latin America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 20: Latin America Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Country, 2019-2032
  • Table 21: Middle East & Africa Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Voltage, 2019-2032
  • Table 22: Middle East & Africa Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by Application, 2019-2032
  • Table 23: Middle East & Africa Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
  • Table 24: Middle East & Africa Medium Voltage AC Drive Market Revenue (USD Billion) Forecast, By Country, 2019-2032

List of Figures

  • Figure 1: Global Medium Voltage AC Drive Market Revenue Breakdown (USD Billion, %), by Region, 2024 & 2032
  • Figure 2: Global Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 3: Global Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 4: Global Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 5: Global Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 6: Global Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 7: Global Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 8: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 9: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 10: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 11: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 12: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 13: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 14: Global Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 15: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 16: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 17: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 18: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 19: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 20: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 21: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 22: Global Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 23: North America Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 24: North America Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 25: North America Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 26: North America Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 27: North America Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 28: North America Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 29: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 30: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 31: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 32: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 33: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 34: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 35: North America Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 36: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 37: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 38: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 39: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 40: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 41: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 42: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 43: North America Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 44: Europe Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 45: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 46: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 47: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 48: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 49: Europe Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 50: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 51: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 52: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 53: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 54: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 55: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 56: Europe Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 57: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 58: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 59: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 60: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 61: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 62: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 63: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 64: Europe Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 65: Asia Pacific Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 66: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 67: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 68: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 69: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 70: Asia Pacific Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 71: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 72: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 73: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 74: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 75: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 76: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 77: Asia Pacific Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 78: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 79: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 80: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 81: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 82: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 83: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 84: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 85: Asia Pacific Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 86: Latin America Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 87: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 88: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 89: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 90: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 91: Latin America Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 92: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 93: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 94: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 95: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 96: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 97: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 98: Latin America Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 99: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 100: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 101: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 102: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 103: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 104: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 105: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 106: Latin America Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 107: Middle East & Africa Medium Voltage AC Drive Market Value Share (%), By Voltage, 2024 & 2032
  • Figure 108: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by 700 V to 2.9KV, 2019-2032
  • Figure 109: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by 3 KV to 7 KV, 2019-2032
  • Figure 110: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by 7.1 KV to 15 KV, 2019-2032
  • Figure 111: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by 14.1 KV to 25 KV, 2019-2032
  • Figure 112: Middle East & Africa Medium Voltage AC Drive Market Value Share (%), By Application, 2024 & 2032
  • Figure 113: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Pumps, 2019-2032
  • Figure 114: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Conveyers, 2019-2032
  • Figure 115: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Compressors, 2019-2032
  • Figure 116: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Electric Fan, 2019-2032
  • Figure 117: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Extruders, 2019-2032
  • Figure 118: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 119: Middle East & Africa Medium Voltage AC Drive Market Value Share (%), By End-User 2024 & 2032
  • Figure 120: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Food & Beverage, 2019-2032
  • Figure 121: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Oil & Gas, 2019-2032
  • Figure 122: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Power Generation, 2019-2032
  • Figure 123: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Building Automation, 2019-2032
  • Figure 124: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Metal & Mining, 2019-2032
  • Figure 125: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Water & Wastewater, 2019-2032
  • Figure 126: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Chemicals & Petrochemicals, 2019-2032
  • Figure 127: Middle East & Africa Medium Voltage AC Drive Market Forecast (USD Billion), by Others, 2019-2032
  • Figure 128: Company Market Share Analysis (%), 2024
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