중전압 드라이브 시장 예측( -2030년) : 드라이브 유형별, 정격 전압별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Medium Voltage Drive Market is accounted for $5.38 billion in 2024 and is expected to reach $8.02 billion by 2030 growing at a CAGR of 8.5% during the forecast period. A medium voltage drive is an electrical device used to control the speed and torque of medium-voltage motors in industrial applications. Typically operating between 1 kV and 35 kV, MVDs regulate the power supplied to motors, allowing for energy efficiency, improved process control, and reduced wear and tear on mechanical systems. MVDs offer precise control over motor operation, reducing energy consumption and enhancing system performance.

According to the European Commission's Joint Research Centre, electric drives account for approximately 70% of industrial electricity consumption in the EU.

Market Dynamics:

Driver:

Increasing adoption of automation in industries

Automation requires precise control of motors and machinery, and MVDs provide the necessary efficiency, reliability, and flexibility for these applications. By offering better energy control, speed regulation, and operational efficiency, MVDs are integral in automated systems that optimize production processes. As industries increasingly embrace automation for improved productivity, reduced operational costs, and enhanced process control, the demand for MVDs rises, making them essential for modern industrial automation systems.

Restraint:

Complex installation and maintenance

MVDs involve complex installation and maintenance due to their advanced technology, requiring specialized knowledge for proper integration into existing systems. Their installation often involves intricate wiring, calibration, and testing to ensure optimal performance. Additionally, MVDs demand regular monitoring, diagnostics, and specialized technical support for maintenance. The need for expert installation and high maintenance requirements hampers the market growth by making MVDs less accessible to a broader range of potential users.

Opportunity:

Growing emphasis on energy conservation

MVDs optimize motor performance, reduce energy waste, and lower operating costs by allowing precise control of voltage and current supplied to motors. As industries increasingly focus on reducing their carbon footprint and adhering to energy efficiency regulations, MVDs become an attractive solution. They help minimize power losses, enhance operational efficiency, and enable better integration with renewable energy sources. Consequently, the push for energy conservation accelerates MVD adoption across sectors like manufacturing, oil and gas, and utilities, fueling market growth.

Threat:

Technical challenges in compatibility

Technical challenges in compatibility arise when integrating MVDs with existing infrastructure, especially older equipment. MVDs may require specialized components, complex wiring, or modifications to control systems, making them difficult to retrofit into legacy setups. Additionally, compatibility issues can lead to operational inefficiencies or system failures, causing concerns over reliability. These challenges hinder widespread market adoption, particularly in industries with outdated equipment, limiting the growth of the MVD market.

Covid-19 Impact:

The covid-19 pandemic significantly impacted the medium voltage drive market due to disruptions in global supply chains, manufacturing delays, and reduced industrial operations. Many industries, including oil and gas, automotive, and mining, faced shutdowns, limiting MVD demand. However, the market began recovering with increased focus on automation and energy efficiency post-pandemic. As industries resumed operations and governments invested in infrastructure, the demand for MVDs, particularly in renewable energy and industrial automation, saw gradual growth.

The crushers segment is expected to be the largest during the forecast period

The crushers segment is expected to account for the largest market share during the forecast period. MVDs in crushers are used to control the speed and torque of the crusher motors, ensuring efficient operation and energy savings. MVDs enable precise control of the crushing process, optimizing performance by adjusting motor speed based on load conditions. This results in reduced mechanical wear and tear, lower energy consumption, and improved throughput.

The metals & mining segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the metals & mining segment is predicted to witness the highest growth rate, owing to its efficient control of high-power electrical systems. These drives manage the speed and torque of motors that power heavy machinery like crushers, mills, and conveyors. MVDs improve energy efficiency, reduce operational costs, and enhance process control by offering precise motor management. With their ability to handle high power and demanding environments, MVDs are crucial in optimizing performance and ensuring reliability in the metals and mining industry.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to rapid industrialization, increasing energy demand, and a focus on energy-efficient solutions. Countries like China, India, Japan, and South Korea are major contributors, driven by the adoption of MVDs in sectors like manufacturing, mining, oil and gas, and infrastructure development. The growing demand for automation and digitalization in industries also fuels the increasing adoption of medium voltage drives in the region.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by increasing industrial automation, energy efficiency initiatives, and rising demand for power-intensive applications in sectors like oil and gas, mining, and manufacturing. The U.S. and Canada are key markets, with substantial investments in renewable energy and smart grid infrastructure boosting the demand for MVDs. Government regulations aimed at reducing energy consumption and carbon emissions are also encouraging adoption.

Key players in the market

Some of the key players in Medium Voltage Drive market include ABB Limited, Siemens, Schneider Electric, Rockwell Automation, Emerson Electric, Honeywell International Inc., Parker Hannifin, Danfoss Corporation, Mitsubishi Electric, Yaskawa Electric, Toshiba International, General Electric, Hitachi Corporation, Eaton Corporation, Hyundai Corporation, WEG S.A., Delta Electronics Inc., Fuji Electric Corporation, Nidec Industrial Solutions and CG Power & Industrial Solutions.

Key Developments:

In November 2024, ABB has introduced the ACS8080, a next-generation medium voltage air-cooled drive designed to enhance industrial performance and reliability. Building on over 50 years of experience, the ACS8080 offers up to 98% efficiency, advanced motor control technology (MP3C), and reduced harmonic distortions by approximately 50% compared to traditional control schemes.

In July 2022, Rockwell Automation introduced the PowerFlex 6000T medium voltage drive to enhance its portfolio of industrial automation solutions. The PowerFlex 6000T is designed to support applications with voltage requirements ranging from 3 kV to 4.16 kV, making it suitable for large-scale, energy-intensive operations such as those in the mining, oil and gas, and water treatment industries.

Drive Types Covered:

• AC Drives
• DC Drives
• Servo Drives

Voltage Ratings Covered:

• 1 kV - 6 kV
• 6.1 kV - 10 kV
• Above 10 kV

Applications Covered:

• Pumps
• Fans & Blowers
• Compressors
• Conveyors
• Extruders
• Crushers
• Other Applications

End Users Covered:

• Oil & Gas
• Metals & Mining
• Water & Wastewater Treatment
• Chemicals & Petrochemicals
• Cement & Glass
• Pulp & Paper
• Marine & Shipbuilding
• Textile & Printing
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Medium Voltage Drive Market, By Drive Type

• 5.1 Introduction
• 5.2 AC Drives
• 5.3 DC Drives
• 5.4 Servo Drives

6 Global Medium Voltage Drive Market, By Voltage Rating

• 6.1 Introduction
• 6.2 1 kV - 6 kV
• 6.3 6.1 kV - 10 kV
• 6.4 Above 10 kV

7 Global Medium Voltage Drive Market, By Application

• 7.1 Introduction
• 7.2 Pumps
• 7.3 Fans & Blowers
• 7.4 Compressors
• 7.5 Conveyors
• 7.6 Extruders
• 7.7 Crushers
• 7.8 Other Applications

8 Global Medium Voltage Drive Market, By End User

• 8.1 Introduction
• 8.2 Oil & Gas
• 8.3 Metals & Mining
• 8.4 Water & Wastewater Treatment
• 8.5 Chemicals & Petrochemicals
• 8.6 Cement & Glass
• 8.7 Pulp & Paper
• 8.8 Marine & Shipbuilding
• 8.9 Textile & Printing
• 8.10 Other End Users

9 Global Medium Voltage Drive Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.9 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.9 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.9 Middle East & Africa
  • 9.9.1 Saudi Arabia
  • 9.9.2 UAE
  • 9.9.3 Qatar
  • 9.9.4 South Africa
  • 9.9.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ABB Limited
• 11.2 Siemens
• 11.3 Schneider Electric
• 11.4 Rockwell Automation
• 11.5 Emerson Electric
• 11.6 Honeywell International Inc.
• 11.7 Parker Hannifin
• 11.8 Danfoss Corporation
• 11.9 Mitsubishi Electric
• 11.10 Yaskawa Electric
• 11.11 Toshiba International
• 11.12 General Electric
• 11.13 Hitachi Corporation
• 11.14 Eaton Corporation
• 11.15 Hyundai Corporation
• 11.16 WEG S.A.
• 11.17 Delta Electronics Inc.
• 11.18 Fuji Electric Corporation
• 11.19 Nidec Industrial Solutions
• 11.20 CG Power & Industrial Solutions