Market Overview:
The global MV AC drive 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 MV drives across various industries. Additionally, the growing trend of Industry 4.0 is also propelling the growth of the MV AC drive market. The transformer segment accounted for the largest share in 2017 and is projected to grow at a CAGR of 5% from 2018 to 2030. This can be attributed to its ability to provide high efficiency, reliability, and low harmonic distortion levels as compared with other types of components used in MV drives such as inductors, chokes, current sensors, and others segments. The oil and gas industry accounted for the largest share in 2017.
Product Definition:
Power Magnetics is the term used for components in an electrical power system that control and convert electric power from one form to another. These components include transformers, reactors, capacitors, and inductors.
Transformers:
Transformer is an electrical device which helps in changing the voltage and current of a signal. It does this by shifting the phase of a waveform from one circuit to another. Transformers are used in almost all electronic equipment such as computers, mobile phones, cameras, set-top boxes (STB), LED TVs and other consumer electronics.
The global transformer market size was valued at USD 18 billion in 2014.
Inductors:
Inductors are devices used to generate and control magnetic flux. They can be made from various materials such as ceramic, wound wire, soft iron, and hard iron. The selection of the material largely depends on the power requirements of the device under consideration along with other factors such as cost & weight among others.
Application Insights:
The oil and gas segment dominated the global power magnetics for MV AC drive market in terms of revenue share in 2017. The growing demand for electric vehicles is expected to augment the growth of this application segment over the forecast period. Increasing investments by foreign players such as Siemens, ABB, Alstom, and Mitsubishi Electric Corporation are projected to boost product penetration in this application sector over the coming years.
The power generation segment is anticipated to witness significant growth during the forecast period owing to increasing investments by foreign players such as General Electric Company; France's EDF; and China's Huawei Technologies Co., Ltd., among others that are involved in R&D activities related to wind energy conversion devices. These companies have established manufacturing facilities near wind turbines so that they can develop new products with higher efficiency levels along with enhanced features.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing investments and technological developments in power electronics. Moreover, growing penetration of renewable energy sources such as wind and solar is anticipated to drive demand for electric motors across various applications in North America.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing an increase in manufacturing facilities along with rising government initiatives towards reducing carbon footprint associated with industrial operations across numerous industries including power generation, chemicals and petrochemicals among others.
Growth Factors:
- Increasing demand for energy-efficient and reliable power systems
- Rapid industrialization and urbanization in developing countries
- Growing investments in renewable energy sources
- Proliferation of smart grids and electric vehicles
- Technological advancements in magnetic materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Magnetics for MV AC Drive Market Research Report
By Type
Transformers, Inductors, Chokes, Current Sensors, Others
By Application
Oil and Gas, Power Generation, Food and Beverages, Metal and Mining, Water and Wastewater, Chemicals and Petrochemicals, Others
By Companies
Schaffner Holding, Tamura Corporation, Torytrans, AQ trafotek, Hans Von Mangoldt, mDexx, Bourns, RoMan Manufacturing, Danfoss, Hammond Power Solutions, Schaffner Holding, Badger Magnetics, MGM Transformer Company, LC Magnetics
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Power Magnetics for MV AC Drive Market Report Segments:
The global Power Magnetics for MV AC Drive market is segmented on the basis of:
Types
Transformers, Inductors, Chokes, Current Sensors, Others
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 and Gas, Power Generation, Food and Beverages, Metal and Mining, Water and Wastewater, Chemicals and Petrochemicals, Others
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:
- Schaffner Holding
- Tamura Corporation
- Torytrans
- AQ trafotek
- Hans Von Mangoldt
- mDexx
- Bourns
- RoMan Manufacturing
- Danfoss
- Hammond Power Solutions
- Schaffner Holding
- Badger Magnetics
- MGM Transformer Company
- LC Magnetics
Highlights of The Power Magnetics for MV AC Drive 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:
- Transformers
- Inductors
- Chokes
- Current Sensors
- Others
- By Application:
- Oil and Gas
- Power Generation
- Food and Beverages
- Metal and Mining
- Water and Wastewater
- Chemicals and Petrochemicals
- Others
- 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 Power Magnetics for MV AC Drive 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Power Magnetics is a company that specializes in the design, manufacture and installation of MV AC drive systems. Their systems are designed to provide increased power and efficiency for vehicles using hybrid or electric propulsion.
Some of the major companies in the power magnetics for mv ac drive market are Schaffner Holding, Tamura Corporation, Torytrans, AQ trafotek, Hans Von Mangoldt, mDexx, Bourns, RoMan Manufacturing, Danfoss, Hammond Power Solutions, Schaffner Holding, Badger Magnetics, MGM Transformer Company, LC Magnetics.
The power magnetics for mv ac drive market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size & Forecast, 2018-2028
4.5.1 Power Magnetics for MV AC Drive Market Size and Y-o-Y Growth
4.5.2 Power Magnetics for MV AC Drive Market Absolute $ Opportunity
Chapter 5 Global Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Type
5.2.1 Transformers
5.2.2 Inductors
5.2.3 Chokes
5.2.4 Current Sensors
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power Generation
6.2.3 Food and Beverages
6.2.4 Metal and Mining
6.2.5 Water and Wastewater
6.2.6 Chemicals and Petrochemicals
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Analysis and Forecast
9.1 Introduction
9.2 North America Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Type
9.6.1 Transformers
9.6.2 Inductors
9.6.3 Chokes
9.6.4 Current Sensors
9.6.5 Others
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 Power Magnetics for MV AC Drive Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power Generation
9.10.3 Food and Beverages
9.10.4 Metal and Mining
9.10.5 Water and Wastewater
9.10.6 Chemicals and Petrochemicals
9.10.7 Others
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 Power Magnetics for MV AC Drive Analysis and Forecast
10.1 Introduction
10.2 Europe Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Type
10.6.1 Transformers
10.6.2 Inductors
10.6.3 Chokes
10.6.4 Current Sensors
10.6.5 Others
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 Power Magnetics for MV AC Drive Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power Generation
10.10.3 Food and Beverages
10.10.4 Metal and Mining
10.10.5 Water and Wastewater
10.10.6 Chemicals and Petrochemicals
10.10.7 Others
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 Power Magnetics for MV AC Drive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Type
11.6.1 Transformers
11.6.2 Inductors
11.6.3 Chokes
11.6.4 Current Sensors
11.6.5 Others
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 Power Magnetics for MV AC Drive Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power Generation
11.10.3 Food and Beverages
11.10.4 Metal and Mining
11.10.5 Water and Wastewater
11.10.6 Chemicals and Petrochemicals
11.10.7 Others
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 Power Magnetics for MV AC Drive Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Magnetics for MV AC Drive 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 Power Magnetics for MV AC Drive Market Size Forecast by Type
12.6.1 Transformers
12.6.2 Inductors
12.6.3 Chokes
12.6.4 Current Sensors
12.6.5 Others
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 Power Magnetics for MV AC Drive Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power Generation
12.10.3 Food and Beverages
12.10.4 Metal and Mining
12.10.5 Water and Wastewater
12.10.6 Chemicals and Petrochemicals
12.10.7 Others
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) Power Magnetics for MV AC Drive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Magnetics for MV AC Drive 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) Power Magnetics for MV AC Drive Market Size Forecast by Type
13.6.1 Transformers
13.6.2 Inductors
13.6.3 Chokes
13.6.4 Current Sensors
13.6.5 Others
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) Power Magnetics for MV AC Drive Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power Generation
13.10.3 Food and Beverages
13.10.4 Metal and Mining
13.10.5 Water and Wastewater
13.10.6 Chemicals and Petrochemicals
13.10.7 Others
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 Power Magnetics for MV AC Drive Market: Competitive Dashboard
14.2 Global Power Magnetics for MV AC Drive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schaffner Holding
14.3.2 Tamura Corporation
14.3.3 Torytrans
14.3.4 AQ trafotek
14.3.5 Hans Von Mangoldt
14.3.6 mDexx
14.3.7 Bourns
14.3.8 RoMan Manufacturing
14.3.9 Danfoss
14.3.10 Hammond Power Solutions
14.3.11 Schaffner Holding
14.3.12 Badger Magnetics
14.3.13 MGM Transformer Company
14.3.14 LC Magnetics
