AC Drives - Medium Voltage India

Medium voltage AC drives are applied in process and discrete manufacturing industries and provide speed, motion, and torque control for equipment such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, and extruders. Medium voltage AC drives are predominantly higher power drives that are greater than 0.2 MW. Heavy industries such as mining, metals, electric power generation, cement & glass, water & wastewater, marine, and oil & gas widely use medium voltage AC drives. This market research report covers hardware, software, and services for the medium voltage AC drives India market with the following power ranges: >0.2-0.6 MW; >0.6-3 MW; >3-7.5 MW; >7.5-10 MW; >10 MW-20 MW; and >20 MW.  

Medium Voltage AC Drives for India: Encouraging Government Policies and Market Trends Will Reverse the Market Decline

The medium voltage AC drives in India market experienced a decline as demand from industries stumbled due to pandemic-led restricted industrial activities, lockdowns, factory shutdowns, and suppressed orders. 

Medium Voltage AC Drives for India MarketEncouraging government responses with effective monetary and fiscal policies will improve market conditions in manufacturing and capital investments across many industries. Trends such as the need for new infrastructure and water supply; increasing population; and energy-efficient and climate-friendly solutions will drive growth in the medium voltage AC drives in India market during the forecast period.  

The market is dominated by Siemens, ABB, and TMEIC. Overall, ARC’s analysis suggests that a broad range of products and solutions clearly enable suppliers to garner defensible leadership positions.

Medium Voltage AC Drives Market Strategic Issues 

In addition to providing a five-year market forecast, the medium voltage AC drives for India market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Users: Cybersecurity Threats

Even though connected infrastructure is essential, end users and operators are reluctant toward adopting Industrial IoT. Cybersecurity and perceived loss of intellectual property rights are  a major threat to the adoption of Industrial IoT. Suppliers need to take cybersecurity into account and steps to increase safety and also how devices detect, analyze, and combat threats.

Strategic Issue for Suppliers: Component Shortage Puts a Drag on the AC Drives Market 

Supply chain disruptions on account of the COVID-19 pandemic have created electronics component and semiconductor shortages, which can impact product delivery times, thereby impacting supplier revenues.

Strategic Issue for All Market Participants: COVID-19 Pandemic

The COVID-19 outbreak has caused disruptions to supply chains and business operations. While the pandemic impacted the 2020 demand for medium voltage AC drives, the market projections do take into account industry trends with ARC’s best estimates for how the COVID-19 pandemic will impact the market in different industry types.  

Research Focus Areas

Strategic Analysis

  • Major Trends
  • Strategic Recommendations

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Revenue Category
    • Hardware
    • Software
    • Services
  • Market Shares by Industry
    • Cement & Glass
    • Electric Power Generation
    • Metals
    • Mining
    • Oil & Gas
    • Plastics & Rubber
    • Water & Wastewater
  • Market Shares by Power Range
    • >0.2-0.6 MW
    • >0.6-3 MW
    • >3-7.5 MW
    • >7.5-10 MW
    • >10-20 MW
    • >20 MW

Market Forecast & History

  • Total Medium Voltage AC Drives Business
  • Shipments by Revenue Category
    • Hardware
    • Software
    • Services
  • Shipments by Industry
    • Cement & Glass
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Plastics & Rubber
    • Water & Wastewater
  • Shipments by Power Range
    • >0.2-0.6 MW
    • >0.6-3 MW
    • >3-7.5 MW
    • >7.5-10 MW
    • >10-20 MW
    • >20 MW

Industry Participants

The research identifies all relevant suppliers serving this market. 

For More Information

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