Market Overview:
The global industrial MV and HV inverter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and reliable power supply systems in various industrial applications. In addition, the growing trend of miniaturization of electronic devices is also contributing to the growth of the global industrial MV and HV inverter market. Based on type, below 3kv inverters accounted for the largest share in 2017, owing to their low cost and easy installation. However, 6-10kv inverters are expected to grow at a higher CAGR during the forecast period as they offer high efficiency and reliability. Based on application, oil & gas and chemicals segment held the largest share in 2017 due to rising demand for energy-efficient solutions across this sector.
Product Definition:
An industrial MV and HV inverter is a device that converts direct current (DC) to alternating current (AC). This is important because it allows for the use of solar and wind power in industrial applications. Without an industrial MV and HV inverter, these alternative energy sources would not be able to be used in most settings.
Below 3kv Inverter:
Below 3kv inverter is the power supply unit which has voltage range between 2.1 to 2.7 kv and its major application is in industrial MV and HV Inverter market. It’s also used in UPS (uninterruptible power supply) devices, telecom base stations, solar systems etc.
3-6kv Inverter:
The 3-6kv inverter is a switching power supply used in the industrial MV and HV Inverter market. It has three or six thousand volts of output voltage. The high input voltage makes it suitable for heavy-duty applications such as wind turbine power systems, utility transmission and marine propulsion.
3-6kv Inverter types: There are two different types of 3-6 kv inverters available in the market, namely series type.
Application Insights:
The power and power and energy segment dominated the global industry in terms of revenue in 2017. The growth can be attributed to increasing demand for electric motors across the globe. Electric motors are widely used for various applications such as wind turbines, pumps, compressors, industrial drives among others. Increasing investments by governments to develop & expand renewable energy sector is also a key factor driving the market growth globally over the forecast period.
Global industrial MV.
Oil & gas and chemicals were among top 10 industries that adopted advanced technology with high efficiency HVAC solutions owing to their extensive usage of heavy machinery with high requirements on speed control accuracy along with reliability & durability required from inverters within these industries require higher technical specifications from manufacturers globally which eventually resulted in highest penetration rate globally within these sectors at present time.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. Increasing demand for electricity from industries and growing population are some of the major factors driving regional growth. Moreover, rising investments in renewable energy infrastructure are likely to drive industry expansion over the coming years.
The European market was valued at USD X million in 2017 owing to high government funding towards research & development activities pertaining inverters’ efficiency improvement and advancement with respect to different applications across various industries including oil & gas; power; water treatment; mining etc.
Growth Factors:
- Increasing demand for energy-efficient and reliable power supply systems in industrial sector
- Growing inclination of industrial sector towards renewable sources of energy
- Proliferation of smart grid technology
- Rising concerns over climate change and its impact on the environment
- Stringent government regulations to promote use of renewable sources of energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial MV and HV Inverter Market Research Report
By Type
Below 3kv Inverter, 3-6kv Inverter, 6-10kv Inverter, above 10kv Inverter
By Application
Oil & Gas and Chemicals, Power and Power and Energy, Mining, Cement Industry, Metallurgical Industry, Other
By Companies
ABB, Fuji Electric, Yaskawa Electric, Siemens, Danfoss, Hiconics, Inovance Technology, Delta Electronics, INVT, Rockwell Automation, Schneider Electric, Slanvert, Nidec Industrial Solutions, TECO, TMEIC, Hitachi, Wolong Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Industrial MV and HV Inverter Market Report Segments:
The global Industrial MV and HV Inverter market is segmented on the basis of:
Types
Below 3kv Inverter, 3-6kv Inverter, 6-10kv Inverter, above 10kv Inverter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas and Chemicals, Power and Power and Energy, Mining, Cement Industry, Metallurgical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Fuji Electric
- Yaskawa Electric
- Siemens
- Danfoss
- Hiconics
- Inovance Technology
- Delta Electronics
- INVT
- Rockwell Automation
- Schneider Electric
- Slanvert
- Nidec Industrial Solutions
- TECO
- TMEIC
- Hitachi
- Wolong Holding
Highlights of The Industrial MV and HV Inverter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 3kv Inverter
- 3-6kv Inverter
- 6-10kv Inverter
- above 10kv Inverter
- By Application:
- Oil & Gas and Chemicals
- Power and Power and Energy
- Mining
- Cement Industry
- Metallurgical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial MV and HV Inverter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial MV and HV inverters are used to convert AC power into DC power for use in industrial applications. They are typically used to power equipment such as fans, motors, and lights.
Some of the major companies in the industrial mv and hv inverter market are ABB, Fuji Electric, Yaskawa Electric, Siemens, Danfoss, Hiconics, Inovance Technology, Delta Electronics, INVT, Rockwell Automation, Schneider Electric, Slanvert, Nidec Industrial Solutions, TECO, TMEIC, Hitachi, Wolong Holding.
The industrial mv and hv inverter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial MV and HV Inverter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial MV and HV Inverter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial MV and HV Inverter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial MV and HV Inverter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial MV and HV Inverter Market Size & Forecast, 2020-2028
4.5.1 Industrial MV and HV Inverter Market Size and Y-o-Y Growth
4.5.2 Industrial MV and HV Inverter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 3kv Inverter
5.2.2 3-6kv Inverter
5.2.3 6-10kv Inverter
5.2.4 above 10kv Inverter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas and Chemicals
6.2.2 Power and Power and Energy
6.2.3 Mining
6.2.4 Cement Industry
6.2.5 Metallurgical Industry
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial MV and HV Inverter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial MV and HV Inverter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 3kv Inverter
9.6.2 3-6kv Inverter
9.6.3 6-10kv Inverter
9.6.4 above 10kv Inverter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas and Chemicals
9.10.2 Power and Power and Energy
9.10.3 Mining
9.10.4 Cement Industry
9.10.5 Metallurgical Industry
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 3kv Inverter
10.6.2 3-6kv Inverter
10.6.3 6-10kv Inverter
10.6.4 above 10kv Inverter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas and Chemicals
10.10.2 Power and Power and Energy
10.10.3 Mining
10.10.4 Cement Industry
10.10.5 Metallurgical Industry
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 3kv Inverter
11.6.2 3-6kv Inverter
11.6.3 6-10kv Inverter
11.6.4 above 10kv Inverter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas and Chemicals
11.10.2 Power and Power and Energy
11.10.3 Mining
11.10.4 Cement Industry
11.10.5 Metallurgical Industry
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 3kv Inverter
12.6.2 3-6kv Inverter
12.6.3 6-10kv Inverter
12.6.4 above 10kv Inverter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas and Chemicals
12.10.2 Power and Power and Energy
12.10.3 Mining
12.10.4 Cement Industry
12.10.5 Metallurgical Industry
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 3kv Inverter
13.6.2 3-6kv Inverter
13.6.3 6-10kv Inverter
13.6.4 above 10kv Inverter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas and Chemicals
13.10.2 Power and Power and Energy
13.10.3 Mining
13.10.4 Cement Industry
13.10.5 Metallurgical Industry
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial MV and HV Inverter Market: Competitive Dashboard
14.2 Global Industrial MV and HV Inverter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Fuji Electric
14.3.3 Yaskawa Electric
14.3.4 Siemens
14.3.5 Danfoss
14.3.6 Hiconics
14.3.7 Inovance Technology
14.3.8 Delta Electronics
14.3.9 INVT
14.3.10 Rockwell Automation
14.3.11 Schneider Electric
14.3.12 Slanvert
14.3.13 Nidec Industrial Solutions
14.3.14 TECO
14.3.15 TMEIC
14.3.16 Hitachi
14.3.17 Wolong Holding
