The global market for Medium Voltage AC Drives was valued at US$ 2304 million in the year 2024 and is projected to reach a revised size of US$ 2763 million by 2031, growing at a CAGR of 2.6% during the forecast period.

Medium Voltage AC Drives Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Medium Voltage AC Drives competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.

In 2024, global Medium Voltage AC Drives reached approximately 610 thousand units, with an average global market price of around US$ 3780 per unit. A Medium Voltage AC Drives is an inverter designed to operate with an input or output voltage between 690V and 3kV, converting electrical energy to a variable frequency and voltage suitable for medium-voltage motors or power distribution systems. The gross margin for Medium Voltage AC Drivess typically falls within a range of 35% to 50%, and can be even higher for highly customized or advanced technology solutions. A single dedicated production line for Medium Voltage AC Drivess typically has an annual capacity in the range of several hundred Megawatts to over one Gigawatt (GW), which translates to approximately 50 to 150 complete drive systems per year.

The global Medium Voltage AC Drives market is a high-value, technology-intensive sector strategically positioned within heavy industries, characterized by its critical role in enhancing energy efficiency, operational precision, and reliability for high-power motor-driven applications. This market is primarily propelled by stringent global energy efficiency regulations and the pressing economic imperative for large-scale industries—such as oil & gas, mining, metals, power generation, and water management—to drastically reduce electricity consumption and operational costs in their most energy-intensive processes, like compressors, pumps, and fans. The competitive landscape is dominated by a handful of established global giants—including ABB, Siemens, Schneider Electric, and GE—who compete not merely on product features but on their ability to deliver complete, engineered-to-order solutions encompassing advanced power electronics, robust software, and lifelong service support. A key trend reshaping the market is the rapid integration of Industrial IoT and digitalization, transforming MV inverters from standalone drives into connected data hubs that enable predictive maintenance, remote monitoring, and system-level optimization, thereby creating new, high-margin service-based revenue streams. While the market faces challenges from high initial capital expenditure and long sales cycles, its growth trajectory remains robust, fueled by ongoing industrial automation investments, infrastructure development in emerging economies, and the continuous need to modernize aging electrical assets in developed regions. The Medium Voltage AC Drives industry chain constitutes a sophisticated and technology-intensive ecosystem that begins with specialized upstream suppliers providing high-voltage, high-power components such as IGCTs and HV-IGBTs, complex multi-winding transformers, and advanced capacitor and cooling systems. These critical components flow to a highly concentrated midstream sector dominated by global power electronics giants who integrate them into engineered-to-order systems through extensive R&D, custom software development, and complex system assembly. The downstream landscape encompasses strategic partnerships with EPC contractors, system integrators, and direct sales to major end-users in energy-intensive sectors including oil and gas, mining, metals, and utilities, where these drives are deployed in mission-critical applications like compressor stations, mine hoists, and rolling mills. This vertically specialized chain is increasingly shaped by digitalization trends, with IIoT platforms creating new service layers for predictive maintenance, while simultaneously facing ongoing challenges related to supply chain stability for specialized semiconductors and the need for continuous innovation to meet evolving global energy efficiency standards. The market for Medium-Voltage Drives is propelled by a powerful convergence of global energy transition imperatives and industrial digitalization, creating a landscape of robust demand and high-value opportunities. Core demand stems from the non-negotiable need for operational cost reduction and regulatory compliance in energy-intensive heavy industries, where MV drives deliver transformative energy savings of 25-40% in massive motor systems like compressors, pumps, and fans, which account for a dominant portion of industrial power consumption. This establishes a vast, continuous retrofit market. Beyond this foundational demand, significant new growth vectors are emerging from the expansion of global infrastructure in water treatment, liquefied natural gas (LNG) facilities, and large-scale material handling, all requiring high-power motor control. The most profound commercial opportunities, however, are shifting from hardware to intelligent, service-oriented solutions. The integration of Industrial IoT and AI transforms the MV drive from a standalone component into a pivotal data source for predictive maintenance, system-level energy optimization, and asset performance management. This evolution unlocks lucrative, recurring revenue streams through advanced analytics platforms and remote monitoring services, creating a competitive arena where the ability to deliver not just a drive, but a guaranteed outcome—in uptime, efficiency, or total cost of ownership—will define the next generation of market leaders. Companies that can bundle their hardware with proprietary digital twins, cybersecurity frameworks, and deep domain expertise in sectors like offshore wind or hydrogen production are positioned to capture the highest margin segments of this evolving market.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Medium Voltage AC Drives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medium Voltage AC Drives.

The Medium Voltage AC Drives market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Medium Voltage AC Drives market comprehensively. Regional market sizes, concerning products by Type, by Application, by Voltage Class and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Medium Voltage AC Drives manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, by Voltage Class and by regions.

Scope of Medium Voltage AC Drives Market Report

Report Metric	Details
Report Name	Medium Voltage AC Drives Market
Accounted market size in year	US$ 2304 million
Forecasted market size in 2031	US$ 2763 million
CAGR	2.6%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	Single-phase Three-phase
Segment by Voltage Class	Below 220V Above 220V
Segment by Power	Below 1 kw 1-375 kw Above 375 kw
Segment by Application	Power Mining Metallurgical Industry Oil & Gas and Chemicals Construction Municipal Building Other
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	ABB, Siemens, Fuji Electric, Delta Electronics, Schneider Electric, Yaskawa Electric, Danfoss, Mitsubishi Electric, Rockwell Automation, INVT, Inovance Technology, Crompton Greaves, Hitachi, Veichi, Nidec, TECO, GE Power Conversion, Hiconics, Xinfengguang, Slanvert
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, by Voltage Class etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Medium Voltage AC Drives manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Medium Voltage AC Drives by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Medium Voltage AC Drives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Medium Voltage AC Drives Market growing?

Ans: The Medium Voltage AC Drives Market witnessing a CAGR of 2.6% during the forecast period 2025-2031.

What is the Medium Voltage AC Drives Market size in 2031?

Ans: The Medium Voltage AC Drives Market size in 2031 will be US$ 2763 million.

Who are the main players in the Medium Voltage AC Drives Market report?

Ans: The main players in the Medium Voltage AC Drives Market are ABB, Siemens, Fuji Electric, Delta Electronics, Schneider Electric, Yaskawa Electric, Danfoss, Mitsubishi Electric, Rockwell Automation, INVT, Inovance Technology, Crompton Greaves, Hitachi, Veichi, Nidec, TECO, GE Power Conversion, Hiconics, Xinfengguang, Slanvert

What are the Application segmentation covered in the Medium Voltage AC Drives Market report?

Ans: The Applications covered in the Medium Voltage AC Drives Market report are Power, Mining, Metallurgical Industry, Oil & Gas and Chemicals, Construction, Municipal, Building, Other

What are the Type segmentation covered in the Medium Voltage AC Drives Market report?

Ans: The Types covered in the Medium Voltage AC Drives Market report are Single-phase, Three-phase

1 Medium Voltage AC Drives Market Overview

1.1 Product Definition

1.2 Medium Voltage AC Drives by Type

1.2.1 Global Medium Voltage AC Drives Market Value Growth Rate Analysis by Type: 2024 VS 2031

1.2.2 Single-phase

1.2.3 Three-phase

1.3 Medium Voltage AC Drives by Voltage Class

1.3.1 Global Medium Voltage AC Drives Market Value Growth Rate Analysis by Voltage Class: 2024 VS 2031

1.3.2 Below 220V

1.3.3 Above 220V

1.4 Medium Voltage AC Drives by Power

1.4.1 Global Medium Voltage AC Drives Market Value Growth Rate Analysis by Power: 2024 VS 2031

1.4.2 Below 1 kw

1.4.3 1-375 kw

1.4.4 Above 375 kw

1.5 Medium Voltage AC Drives by Application

1.5.1 Global Medium Voltage AC Drives Market Value Growth Rate Analysis by Application: 2024 VS 2031

1.5.2 Power

1.5.3 Mining

1.5.4 Metallurgical Industry

1.5.5 Oil & Gas and Chemicals

1.5.6 Construction

1.5.7 Municipal

1.5.8 Building

1.5.9 Other

1.6 Global Market Growth Prospects

1.6.1 Global Medium Voltage AC Drives Production Value Estimates and Forecasts (2020-2031)

1.6.2 Global Medium Voltage AC Drives Production Capacity Estimates and Forecasts (2020-2031)

1.6.3 Global Medium Voltage AC Drives Production Estimates and Forecasts (2020-2031)

1.6.4 Global Medium Voltage AC Drives Market Average Price Estimates and Forecasts (2020-2031)

1.7 Assumptions and Limitations

2 Market Competition by Manufacturers

2.1 Global Medium Voltage AC Drives Production Market Share by Manufacturers (2020-2025)

2.2 Global Medium Voltage AC Drives Production Value Market Share by Manufacturers (2020-2025)

2.3 Global Key Players of Medium Voltage AC Drives, Industry Ranking, 2023 VS 2024

2.4 Global Medium Voltage AC Drives Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

2.5 Global Medium Voltage AC Drives Average Price by Manufacturers (2020-2025)

2.6 Global Key Manufacturers of Medium Voltage AC Drives, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Medium Voltage AC Drives, Product Offered and Application

2.8 Global Key Manufacturers of Medium Voltage AC Drives, Date of Enter into This Industry

2.9 Medium Voltage AC Drives Market Competitive Situation and Trends

2.9.1 Medium Voltage AC Drives Market Concentration Rate

2.9.2 Global 5 and 10 Largest Medium Voltage AC Drives Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3 Medium Voltage AC Drives Production by Region

3.1 Global Medium Voltage AC Drives Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.2 Global Medium Voltage AC Drives Production Value by Region (2020-2031)

3.2.1 Global Medium Voltage AC Drives Production Value by Region (2020-2025)

3.2.2 Global Forecasted Production Value of Medium Voltage AC Drives by Region (2026-2031)

3.3 Global Medium Voltage AC Drives Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.4 Global Medium Voltage AC Drives Production Volume by Region (2020-2031)

3.4.1 Global Medium Voltage AC Drives Production by Region (2020-2025)

3.4.2 Global Forecasted Production of Medium Voltage AC Drives by Region (2026-2031)

3.5 Global Medium Voltage AC Drives Market Price Analysis by Region (2020-2025)

3.6 Global Medium Voltage AC Drives Production and Value, Year-over-Year Growth

3.6.1 North America Medium Voltage AC Drives Production Value Estimates and Forecasts (2020-2031)

3.6.2 Europe Medium Voltage AC Drives Production Value Estimates and Forecasts (2020-2031)

3.6.3 China Medium Voltage AC Drives Production Value Estimates and Forecasts (2020-2031)

3.6.4 Japan Medium Voltage AC Drives Production Value Estimates and Forecasts (2020-2031)

4 Medium Voltage AC Drives Consumption by Region

4.1 Global Medium Voltage AC Drives Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

4.2 Global Medium Voltage AC Drives Consumption by Region (2020-2031)

4.2.1 Global Medium Voltage AC Drives Consumption by Region (2020-2025)

4.2.2 Global Medium Voltage AC Drives Forecasted Consumption by Region (2026-2031)

4.3 North America

4.3.1 North America Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.3.2 North America Medium Voltage AC Drives Consumption by Country (2020-2031)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.4.2 Europe Medium Voltage AC Drives Consumption by Country (2020-2031)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Netherlands

4.5 Asia Pacific

4.5.1 Asia Pacific Medium Voltage AC Drives Consumption Growth Rate by Region: 2020 VS 2024 VS 2031

4.5.2 Asia Pacific Medium Voltage AC Drives Consumption by Region (2020-2031)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.6.2 Latin America, Middle East & Africa Medium Voltage AC Drives Consumption by Country (2020-2031)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

4.6.6 GCC Countries

5 Segment by Type

5.1 Global Medium Voltage AC Drives Production by Type (2020-2031)

5.1.1 Global Medium Voltage AC Drives Production by Type (2020-2025)

5.1.2 Global Medium Voltage AC Drives Production by Type (2026-2031)

5.1.3 Global Medium Voltage AC Drives Production Market Share by Type (2020-2031)

5.2 Global Medium Voltage AC Drives Production Value by Type (2020-2031)

5.2.1 Global Medium Voltage AC Drives Production Value by Type (2020-2025)

5.2.2 Global Medium Voltage AC Drives Production Value by Type (2026-2031)

5.2.3 Global Medium Voltage AC Drives Production Value Market Share by Type (2020-2031)

5.3 Global Medium Voltage AC Drives Price by Type (2020-2031)

6 Segment by Application

6.1 Global Medium Voltage AC Drives Production by Application (2020-2031)

6.1.1 Global Medium Voltage AC Drives Production by Application (2020-2025)

6.1.2 Global Medium Voltage AC Drives Production by Application (2026-2031)

6.1.3 Global Medium Voltage AC Drives Production Market Share by Application (2020-2031)

6.2 Global Medium Voltage AC Drives Production Value by Application (2020-2031)

6.2.1 Global Medium Voltage AC Drives Production Value by Application (2020-2025)

6.2.2 Global Medium Voltage AC Drives Production Value by Application (2026-2031)

6.2.3 Global Medium Voltage AC Drives Production Value Market Share by Application (2020-2031)

6.3 Global Medium Voltage AC Drives Price by Application (2020-2031)

7 Key Companies Profiled

7.1 ABB

7.1.1 ABB Medium Voltage AC Drives Company Information

7.1.2 ABB Medium Voltage AC Drives Product Portfolio

7.1.3 ABB Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.1.4 ABB Main Business and Markets Served

7.1.5 ABB Recent Developments/Updates

7.2 Siemens

7.2.1 Siemens Medium Voltage AC Drives Company Information

7.2.2 Siemens Medium Voltage AC Drives Product Portfolio

7.2.3 Siemens Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.2.4 Siemens Main Business and Markets Served

7.2.5 Siemens Recent Developments/Updates

7.3 Fuji Electric

7.3.1 Fuji Electric Medium Voltage AC Drives Company Information

7.3.2 Fuji Electric Medium Voltage AC Drives Product Portfolio

7.3.3 Fuji Electric Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.3.4 Fuji Electric Main Business and Markets Served

7.3.5 Fuji Electric Recent Developments/Updates

7.4 Delta Electronics

7.4.1 Delta Electronics Medium Voltage AC Drives Company Information

7.4.2 Delta Electronics Medium Voltage AC Drives Product Portfolio

7.4.3 Delta Electronics Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.4.4 Delta Electronics Main Business and Markets Served

7.4.5 Delta Electronics Recent Developments/Updates

7.5 Schneider Electric

7.5.1 Schneider Electric Medium Voltage AC Drives Company Information

7.5.2 Schneider Electric Medium Voltage AC Drives Product Portfolio

7.5.3 Schneider Electric Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.5.4 Schneider Electric Main Business and Markets Served

7.5.5 Schneider Electric Recent Developments/Updates

7.6 Yaskawa Electric

7.6.1 Yaskawa Electric Medium Voltage AC Drives Company Information

7.6.2 Yaskawa Electric Medium Voltage AC Drives Product Portfolio

7.6.3 Yaskawa Electric Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.6.4 Yaskawa Electric Main Business and Markets Served

7.6.5 Yaskawa Electric Recent Developments/Updates

7.7 Danfoss

7.7.1 Danfoss Medium Voltage AC Drives Company Information

7.7.2 Danfoss Medium Voltage AC Drives Product Portfolio

7.7.3 Danfoss Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.7.4 Danfoss Main Business and Markets Served

7.7.5 Danfoss Recent Developments/Updates

7.8 Mitsubishi Electric

7.8.1 Mitsubishi Electric Medium Voltage AC Drives Company Information

7.8.2 Mitsubishi Electric Medium Voltage AC Drives Product Portfolio

7.8.3 Mitsubishi Electric Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.8.4 Mitsubishi Electric Main Business and Markets Served

7.8.5 Mitsubishi Electric Recent Developments/Updates

7.9 Rockwell Automation

7.9.1 Rockwell Automation Medium Voltage AC Drives Company Information

7.9.2 Rockwell Automation Medium Voltage AC Drives Product Portfolio

7.9.3 Rockwell Automation Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.9.4 Rockwell Automation Main Business and Markets Served

7.9.5 Rockwell Automation Recent Developments/Updates

7.10 INVT

7.10.1 INVT Medium Voltage AC Drives Company Information

7.10.2 INVT Medium Voltage AC Drives Product Portfolio

7.10.3 INVT Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.10.4 INVT Main Business and Markets Served

7.10.5 INVT Recent Developments/Updates

7.11 Inovance Technology

7.11.1 Inovance Technology Medium Voltage AC Drives Company Information

7.11.2 Inovance Technology Medium Voltage AC Drives Product Portfolio

7.11.3 Inovance Technology Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.11.4 Inovance Technology Main Business and Markets Served

7.11.5 Inovance Technology Recent Developments/Updates

7.12 Crompton Greaves

7.12.1 Crompton Greaves Medium Voltage AC Drives Company Information

7.12.2 Crompton Greaves Medium Voltage AC Drives Product Portfolio

7.12.3 Crompton Greaves Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.12.4 Crompton Greaves Main Business and Markets Served

7.12.5 Crompton Greaves Recent Developments/Updates

7.13 Hitachi

7.13.1 Hitachi Medium Voltage AC Drives Company Information

7.13.2 Hitachi Medium Voltage AC Drives Product Portfolio

7.13.3 Hitachi Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.13.4 Hitachi Main Business and Markets Served

7.13.5 Hitachi Recent Developments/Updates

7.14 Veichi

7.14.1 Veichi Medium Voltage AC Drives Company Information

7.14.2 Veichi Medium Voltage AC Drives Product Portfolio

7.14.3 Veichi Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.14.4 Veichi Main Business and Markets Served

7.14.5 Veichi Recent Developments/Updates

7.15 Nidec

7.15.1 Nidec Medium Voltage AC Drives Company Information

7.15.2 Nidec Medium Voltage AC Drives Product Portfolio

7.15.3 Nidec Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.15.4 Nidec Main Business and Markets Served

7.15.5 Nidec Recent Developments/Updates

7.16 TECO

7.16.1 TECO Medium Voltage AC Drives Company Information

7.16.2 TECO Medium Voltage AC Drives Product Portfolio

7.16.3 TECO Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.16.4 TECO Main Business and Markets Served

7.16.5 TECO Recent Developments/Updates

7.17 GE Power Conversion

7.17.1 GE Power Conversion Medium Voltage AC Drives Company Information

7.17.2 GE Power Conversion Medium Voltage AC Drives Product Portfolio

7.17.3 GE Power Conversion Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.17.4 GE Power Conversion Main Business and Markets Served

7.17.5 GE Power Conversion Recent Developments/Updates

7.18 Hiconics

7.18.1 Hiconics Medium Voltage AC Drives Company Information

7.18.2 Hiconics Medium Voltage AC Drives Product Portfolio

7.18.3 Hiconics Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.18.4 Hiconics Main Business and Markets Served

7.18.5 Hiconics Recent Developments/Updates

7.19 Xinfengguang

7.19.1 Xinfengguang Medium Voltage AC Drives Company Information

7.19.2 Xinfengguang Medium Voltage AC Drives Product Portfolio

7.19.3 Xinfengguang Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.19.4 Xinfengguang Main Business and Markets Served

7.19.5 Xinfengguang Recent Developments/Updates

7.20 Slanvert

7.20.1 Slanvert Medium Voltage AC Drives Company Information

7.20.2 Slanvert Medium Voltage AC Drives Product Portfolio

7.20.3 Slanvert Medium Voltage AC Drives Production, Value, Price and Gross Margin (2020-2025)

7.20.4 Slanvert Main Business and Markets Served

7.20.5 Slanvert Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis

8.1 Medium Voltage AC Drives Industry Chain Analysis

8.2 Medium Voltage AC Drives Raw Material Supply Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Medium Voltage AC Drives Production Mode & Process Analysis

8.4 Medium Voltage AC Drives Sales and Marketing

8.4.1 Medium Voltage AC Drives Sales Channels

8.4.2 Medium Voltage AC Drives Distributors

8.5 Medium Voltage AC Drives Customer Analysis

9 Medium Voltage AC Drives Market Dynamics

9.1 Medium Voltage AC Drives Industry Trends

9.2 Medium Voltage AC Drives Market Drivers

9.3 Medium Voltage AC Drives Market Challenges

9.4 Medium Voltage AC Drives Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

FEATURED COMPANIES

ABB Ltd

Schneider Electric

Siemens AG

Hitachi

Fuji Electric

Yaskawa Electric

Rockwell Automation

List of Tables

Table 1. Global Medium Voltage AC Drives Market Value by Type, (US$ Million) & (2024 VS 2031)

Table 2. Global Medium Voltage AC Drives Market Value by Voltage Class, (US$ Million) & (2024 VS 2031)

Table 3. Global Medium Voltage AC Drives Market Value by Power, (US$ Million) & (2024 VS 2031)

Table 4. Global Medium Voltage AC Drives Market Value by Application, (US$ Million) & (2024 VS 2031)

Table 5. Global Medium Voltage AC Drives Production Capacity (K Units) by Manufacturers in 2024

Table 6. Global Medium Voltage AC Drives Production by Manufacturers (2020-2025) & (K Units)

Table 7. Global Medium Voltage AC Drives Production Market Share by Manufacturers (2020-2025)

Table 8. Global Medium Voltage AC Drives Production Value by Manufacturers (2020-2025) & (US$ Million)

Table 9. Global Medium Voltage AC Drives Production Value Share by Manufacturers (2020-2025)

Table 10. Global Key Players of Medium Voltage AC Drives, Industry Ranking, 2023 VS 2024

Table 11. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Medium Voltage AC Drives as of 2024)

Table 12. Global Market Medium Voltage AC Drives Average Price by Manufacturers (US$/Unit) & (2020-2025)

Table 13. Global Key Manufacturers of Medium Voltage AC Drives, Manufacturing Base Distribution and Headquarters

Table 14. Global Key Manufacturers of Medium Voltage AC Drives, Product Offered and Application

Table 15. Global Key Manufacturers of Medium Voltage AC Drives, Date of Enter into This Industry

Table 16. Global Medium Voltage AC Drives Manufacturers Market Concentration Ratio (CR5 and HHI)

Table 17. Mergers & Acquisitions, Expansion Plans

Table 18. Global Medium Voltage AC Drives Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Table 19. Global Medium Voltage AC Drives Production Value (US$ Million) by Region (2020-2025)

Table 20. Global Medium Voltage AC Drives Production Value Market Share by Region (2020-2025)

Table 21. Global Medium Voltage AC Drives Production Value (US$ Million) Forecast by Region (2026-2031)

Table 22. Global Medium Voltage AC Drives Production Value Market Share Forecast by Region (2026-2031)

Table 23. Global Medium Voltage AC Drives Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)

Table 24. Global Medium Voltage AC Drives Production (K Units) by Region (2020-2025)

Table 25. Global Medium Voltage AC Drives Production Market Share by Region (2020-2025)

Table 26. Global Medium Voltage AC Drives Production (K Units) Forecast by Region (2026-2031)

Table 27. Global Medium Voltage AC Drives Production Market Share Forecast by Region (2026-2031)

Table 28. Global Medium Voltage AC Drives Market Average Price (US$/Unit) by Region (2020-2025)

Table 29. Global Medium Voltage AC Drives Market Average Price (US$/Unit) by Region (2026-2031)

Table 30. Global Medium Voltage AC Drives Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)

Table 31. Global Medium Voltage AC Drives Consumption by Region (2020-2025) & (K Units)

Table 32. Global Medium Voltage AC Drives Consumption Market Share by Region (2020-2025)

Table 33. Global Medium Voltage AC Drives Forecasted Consumption by Region (2026-2031) & (K Units)

Table 34. Global Medium Voltage AC Drives Forecasted Consumption Market Share by Region (2026-2031)

Table 35. North America Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 36. North America Medium Voltage AC Drives Consumption by Country (2020-2025) & (K Units)

Table 37. North America Medium Voltage AC Drives Consumption by Country (2026-2031) & (K Units)

Table 38. Europe Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 39. Europe Medium Voltage AC Drives Consumption by Country (2020-2025) & (K Units)

Table 40. Europe Medium Voltage AC Drives Consumption by Country (2026-2031) & (K Units)

Table 41. Asia Pacific Medium Voltage AC Drives Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)

Table 42. Asia Pacific Medium Voltage AC Drives Consumption by Region (2020-2025) & (K Units)

Table 43. Asia Pacific Medium Voltage AC Drives Consumption by Region (2026-2031) & (K Units)

Table 44. Latin America, Middle East & Africa Medium Voltage AC Drives Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 45. Latin America, Middle East & Africa Medium Voltage AC Drives Consumption by Country (2020-2025) & (K Units)

Table 46. Latin America, Middle East & Africa Medium Voltage AC Drives Consumption by Country (2026-2031) & (K Units)

Table 47. Global Medium Voltage AC Drives Production (K Units) by Type (2020-2025)

Table 48. Global Medium Voltage AC Drives Production (K Units) by Type (2026-2031)

Table 49. Global Medium Voltage AC Drives Production Market Share by Type (2020-2025)

Table 50. Global Medium Voltage AC Drives Production Market Share by Type (2026-2031)

Table 51. Global Medium Voltage AC Drives Production Value (US$ Million) by Type (2020-2025)

Table 52. Global Medium Voltage AC Drives Production Value (US$ Million) by Type (2026-2031)

Table 53. Global Medium Voltage AC Drives Production Value Market Share by Type (2020-2025)

Table 54. Global Medium Voltage AC Drives Production Value Market Share by Type (2026-2031)

Table 55. Global Medium Voltage AC Drives Price (US$/Unit) by Type (2020-2025)

Table 56. Global Medium Voltage AC Drives Price (US$/Unit) by Type (2026-2031)

Table 57. Global Medium Voltage AC Drives Production (K Units) by Application (2020-2025)

Table 58. Global Medium Voltage AC Drives Production (K Units) by Application (2026-2031)

Table 59. Global Medium Voltage AC Drives Production Market Share by Application (2020-2025)

Table 60. Global Medium Voltage AC Drives Production Market Share by Application (2026-2031)

Table 61. Global Medium Voltage AC Drives Production Value (US$ Million) by Application (2020-2025)

Table 62. Global Medium Voltage AC Drives Production Value (US$ Million) by Application (2026-2031)

Table 63. Global Medium Voltage AC Drives Production Value Market Share by Application (2020-2025)

Table 64. Global Medium Voltage AC Drives Production Value Market Share by Application (2026-2031)

Table 65. Global Medium Voltage AC Drives Price (US$/Unit) by Application (2020-2025)

Table 66. Global Medium Voltage AC Drives Price (US$/Unit) by Application (2026-2031)

Table 67. ABB Medium Voltage AC Drives Company Information

Table 68. ABB Medium Voltage AC Drives Specification and Application

Table 69. ABB Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 70. ABB Main Business and Markets Served

Table 71. ABB Recent Developments/Updates

Table 72. Siemens Medium Voltage AC Drives Company Information

Table 73. Siemens Medium Voltage AC Drives Specification and Application

Table 74. Siemens Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 75. Siemens Main Business and Markets Served

Table 76. Siemens Recent Developments/Updates

Table 77. Fuji Electric Medium Voltage AC Drives Company Information

Table 78. Fuji Electric Medium Voltage AC Drives Specification and Application

Table 79. Fuji Electric Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 80. Fuji Electric Main Business and Markets Served

Table 81. Fuji Electric Recent Developments/Updates

Table 82. Delta Electronics Medium Voltage AC Drives Company Information

Table 83. Delta Electronics Medium Voltage AC Drives Specification and Application

Table 84. Delta Electronics Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 85. Delta Electronics Main Business and Markets Served

Table 86. Delta Electronics Recent Developments/Updates

Table 87. Schneider Electric Medium Voltage AC Drives Company Information

Table 88. Schneider Electric Medium Voltage AC Drives Specification and Application

Table 89. Schneider Electric Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 90. Schneider Electric Main Business and Markets Served

Table 91. Schneider Electric Recent Developments/Updates

Table 92. Yaskawa Electric Medium Voltage AC Drives Company Information

Table 93. Yaskawa Electric Medium Voltage AC Drives Specification and Application

Table 94. Yaskawa Electric Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 95. Yaskawa Electric Main Business and Markets Served

Table 96. Yaskawa Electric Recent Developments/Updates

Table 97. Danfoss Medium Voltage AC Drives Company Information

Table 98. Danfoss Medium Voltage AC Drives Specification and Application

Table 99. Danfoss Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 100. Danfoss Main Business and Markets Served

Table 101. Danfoss Recent Developments/Updates

Table 102. Mitsubishi Electric Medium Voltage AC Drives Company Information

Table 103. Mitsubishi Electric Medium Voltage AC Drives Specification and Application

Table 104. Mitsubishi Electric Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 105. Mitsubishi Electric Main Business and Markets Served

Table 106. Mitsubishi Electric Recent Developments/Updates

Table 107. Rockwell Automation Medium Voltage AC Drives Company Information

Table 108. Rockwell Automation Medium Voltage AC Drives Specification and Application

Table 109. Rockwell Automation Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 110. Rockwell Automation Main Business and Markets Served

Table 111. Rockwell Automation Recent Developments/Updates

Table 112. INVT Medium Voltage AC Drives Company Information

Table 113. INVT Medium Voltage AC Drives Specification and Application

Table 114. INVT Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 115. INVT Main Business and Markets Served

Table 116. INVT Recent Developments/Updates

Table 117. Inovance Technology Medium Voltage AC Drives Company Information

Table 118. Inovance Technology Medium Voltage AC Drives Specification and Application

Table 119. Inovance Technology Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 120. Inovance Technology Main Business and Markets Served

Table 121. Inovance Technology Recent Developments/Updates

Table 122. Crompton Greaves Medium Voltage AC Drives Company Information

Table 123. Crompton Greaves Medium Voltage AC Drives Specification and Application

Table 124. Crompton Greaves Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 125. Crompton Greaves Main Business and Markets Served

Table 126. Crompton Greaves Recent Developments/Updates

Table 127. Hitachi Medium Voltage AC Drives Company Information

Table 128. Hitachi Medium Voltage AC Drives Specification and Application

Table 129. Hitachi Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 130. Hitachi Main Business and Markets Served

Table 131. Hitachi Recent Developments/Updates

Table 132. Veichi Medium Voltage AC Drives Company Information

Table 133. Veichi Medium Voltage AC Drives Specification and Application

Table 134. Veichi Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 135. Veichi Main Business and Markets Served

Table 136. Veichi Recent Developments/Updates

Table 137. Nidec Medium Voltage AC Drives Company Information

Table 138. Nidec Medium Voltage AC Drives Specification and Application

Table 139. Nidec Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 140. Nidec Main Business and Markets Served

Table 141. Nidec Recent Developments/Updates

Table 142. TECO Medium Voltage AC Drives Company Information

Table 143. TECO Medium Voltage AC Drives Specification and Application

Table 144. TECO Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 145. TECO Main Business and Markets Served

Table 146. TECO Recent Developments/Updates

Table 147. GE Power Conversion Medium Voltage AC Drives Company Information

Table 148. GE Power Conversion Medium Voltage AC Drives Specification and Application

Table 149. GE Power Conversion Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 150. GE Power Conversion Main Business and Markets Served

Table 151. GE Power Conversion Recent Developments/Updates

Table 152. Hiconics Medium Voltage AC Drives Company Information

Table 153. Hiconics Medium Voltage AC Drives Specification and Application

Table 154. Hiconics Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 155. Hiconics Main Business and Markets Served

Table 156. Hiconics Recent Developments/Updates

Table 157. Xinfengguang Medium Voltage AC Drives Company Information

Table 158. Xinfengguang Medium Voltage AC Drives Specification and Application

Table 159. Xinfengguang Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 160. Xinfengguang Main Business and Markets Served

Table 161. Xinfengguang Recent Developments/Updates

Table 162. Slanvert Medium Voltage AC Drives Company Information

Table 163. Slanvert Medium Voltage AC Drives Specification and Application

Table 164. Slanvert Medium Voltage AC Drives Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 165. Slanvert Main Business and Markets Served

Table 166. Slanvert Recent Developments/Updates

Table 167. Key Raw Materials Lists

Table 168. Raw Materials Key Suppliers Lists

Table 169. Medium Voltage AC Drives Distributors List

Table 170. Medium Voltage AC Drives Customers List

Table 171. Medium Voltage AC Drives Market Trends

Table 172. Medium Voltage AC Drives Market Drivers

Table 173. Medium Voltage AC Drives Market Challenges

Table 174. Medium Voltage AC Drives Market Restraints

Table 175. Research Programs/Design for This Report

Table 176. Key Data Information from Secondary Sources

Table 177. Key Data Information from Primary Sources

Table 178. Authors List of This Report

List of Figures

Figure 1. Product Picture of Medium Voltage AC Drives

Figure 2. Global Medium Voltage AC Drives Market Value by Type, (US$ Million) & (2020-2031)

Figure 3. Global Medium Voltage AC Drives Market Share by Type: 2024 VS 2031

Figure 4. Single-phase Product Picture

Figure 5. Three-phase Product Picture

Figure 6. Global Medium Voltage AC Drives Market Value by Voltage Class, (US$ Million) & (2020-2031)

Figure 7. Global Medium Voltage AC Drives Market Share by Voltage Class: 2024 VS 2031

Figure 8. Below 220V Product Picture

Figure 9. Above 220V Product Picture

Figure 10. Global Medium Voltage AC Drives Market Value by Power, (US$ Million) & (2020-2031)

Figure 11. Global Medium Voltage AC Drives Market Share by Power: 2024 VS 2031

Figure 12. Below 1 kw Product Picture

Figure 13. 1-375 kw Product Picture

Figure 14. Above 375 kw Product Picture

Figure 15. Global Medium Voltage AC Drives Market Value by Application, (US$ Million) & (2020-2031)

Figure 16. Global Medium Voltage AC Drives Market Share by Application: 2024 VS 2031

Figure 17. Power

Figure 18. Mining

Figure 19. Metallurgical Industry

Figure 20. Oil & Gas and Chemicals

Figure 21. Construction

Figure 22. Municipal

Figure 23. Building

Figure 24. Other

Figure 25. Global Medium Voltage AC Drives Production Value (US$ Million), 2020 VS 2024 VS 2031

Figure 26. Global Medium Voltage AC Drives Production Value (US$ Million) & (2020-2031)

Figure 27. Global Medium Voltage AC Drives Production Capacity (K Units) & (2020-2031)

Figure 28. Global Medium Voltage AC Drives Production (K Units) & (2020-2031)

Figure 29. Global Medium Voltage AC Drives Average Price (US$/Unit) & (2020-2031)

Figure 30. Medium Voltage AC Drives Report Years Considered

Figure 31. Medium Voltage AC Drives Production Share by Manufacturers in 2024

Figure 32. Global Medium Voltage AC Drives Production Value Share by Manufacturers (2024)

Figure 33. Medium Voltage AC Drives Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

Figure 34. The Global 5 and 10 Largest Players: Market Share by Medium Voltage AC Drives Revenue in 2024

Figure 35. Global Medium Voltage AC Drives Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Figure 36. Global Medium Voltage AC Drives Production Value Market Share by Region: 2020 VS 2024 VS 2031

Figure 37. Global Medium Voltage AC Drives Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)

Figure 38. Global Medium Voltage AC Drives Production Market Share by Region: 2020 VS 2024 VS 2031

Figure 39. North America Medium Voltage AC Drives Production Value (US$ Million) Growth Rate (2020-2031)

Figure 40. Europe Medium Voltage AC Drives Production Value (US$ Million) Growth Rate (2020-2031)

Figure 41. China Medium Voltage AC Drives Production Value (US$ Million) Growth Rate (2020-2031)

Figure 42. Japan Medium Voltage AC Drives Production Value (US$ Million) Growth Rate (2020-2031)

Figure 43. Global Medium Voltage AC Drives Consumption by Region: 2020 VS 2024 VS 2031 (K Units)

Figure 44. Global Medium Voltage AC Drives Consumption Market Share by Region: 2020 VS 2024 VS 2031

Figure 45. North America Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 46. North America Medium Voltage AC Drives Consumption Market Share by Country (2020-2031)

Figure 47. U.S. Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 48. Canada Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 49. Europe Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 50. Europe Medium Voltage AC Drives Consumption Market Share by Country (2020-2031)

Figure 51. Germany Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 52. France Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 53. U.K. Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 54. Italy Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 55. Netherlands Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 56. Asia Pacific Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 57. Asia Pacific Medium Voltage AC Drives Consumption Market Share by Region (2020-2031)

Figure 58. China Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 59. Japan Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 60. South Korea Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 61. China Taiwan Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 62. Southeast Asia Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 63. India Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 64. Latin America, Middle East & Africa Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 65. Latin America, Middle East & Africa Medium Voltage AC Drives Consumption Market Share by Country (2020-2031)

Figure 66. Mexico Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 67. Brazil Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 68. Turkey Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 69. GCC Countries Medium Voltage AC Drives Consumption and Growth Rate (2020-2031) & (K Units)

Figure 70. Global Production Market Share of Medium Voltage AC Drives by Type (2020-2031)

Figure 71. Global Production Value Market Share of Medium Voltage AC Drives by Type (2020-2031)

Figure 72. Global Medium Voltage AC Drives Price (US$/Unit) by Type (2020-2031)

Figure 73. Global Production Market Share of Medium Voltage AC Drives by Application (2020-2031)

Figure 74. Global Production Value Market Share of Medium Voltage AC Drives by Application (2020-2031)

Figure 75. Global Medium Voltage AC Drives Price (US$/Unit) by Application (2020-2031)

Figure 76. Medium Voltage AC Drives Value Chain

Figure 77. Channels of Distribution (Direct Vs Distribution)

Figure 78. Bottom-up and Top-down Approaches for This Report

Figure 79. Data Triangulation

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