Report overview
Low and Medium-voltage Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
This report aims to provide a comprehensive presentation of the global market for Low and Medium-voltage Inverter, 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 Low and Medium-voltage Inverter. This report contains market size and forecasts of Low and Medium-voltage Inverter in global, including the following market information:
Global Low and Medium-voltage Inverter Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Low and Medium-voltage Inverter Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Low and Medium-voltage Inverter companies in 2022 (%)
The global Low and Medium-voltage Inverter market was valued at US$ 12240 million in 2022 and is projected to reach US$ 15420 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For the major players of Low and Medium-voltage Inverter, ABB maintained its first place in the ranking. Followed by Siemens, Danfoss, Yaskawa Electric and Rockwell Automation. The Top 5 players accounted for about 52% of the Global Low and Medium-voltage Inverter revenue market share.
In this study, the revenue market for Low and Medium-voltage Inverter was divided into five geographic regions. Europe occupied the largest revenue market share with about 29%. It is followed by China and North America. Other regions have smaller market.
Based on product type, Low-voltage Inverter type segment is projected to account for the largest revenue market share during the forecast period; this segment was estimated to account for about 80% share in terms of revenue.
In the applications, Hoisting Machinery, Textile Industry and Oil & Gas Industry were estimated to account for the highest market share of about 62%.
We surveyed the Low and Medium-voltage Inverter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Low and Medium-voltage Inverter Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Low and Medium-voltage Inverter Market Segment Percentages, by Type, 2022 (%)
Medium-Voltage Inverter
Low-Voltage Inverter
Global Low and Medium-voltage Inverter Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Low and Medium-voltage Inverter Market Segment Percentages, by Application, 2022 (%)
Textile
Oil & Gas
Mining
Hoisting
Others
Global Low and Medium-voltage Inverter Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Low and Medium-voltage Inverter Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Low and Medium-voltage Inverter revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Low and Medium-voltage Inverter revenues share in global market, 2022 (%)
Key companies Low and Medium-voltage Inverter sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Low and Medium-voltage Inverter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
Danfoss
Yaskawa Electric
Rockwell Automation
Mitsubishi Electric
Schneider Electric
Fuji Electric
Inovance Technology
Delta Electronics
INVT
EURA DRIVES
Slanvert
Hiconics
STEP Electric Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Low and Medium-voltage Inverter, market overview.
Chapter 2: Global Low and Medium-voltage Inverter market size in revenue and volume.
Chapter 3: Detailed analysis of Low and Medium-voltage Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Low and Medium-voltage Inverter 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Low and Medium-voltage Inverter capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
