New ARC Advisory Group research on the Medium Voltage AC Drives market reveals that this market witnessed growth in 2019 due largely to capital investments in the mining, metals, oil & gas, refining, and water & wastewater industries. Asia will experience the strongest increase in medium voltage drives investment of all the major world regions during the forecast period. ARC anticipates government policies in China and India will continue to spur increased spending by boosting capital investments across many industries.
“Emerging economies, with continuing demand for new infrastructure, and their growing middle class, with the potential for strong consumer spending, form a solid foundation for the long-term growth of the medium voltage AC drives market. The emerging middle class will also create additional demand for automobiles, white goods, and packaged goods in markets such as China and India. This will increase capital investments in other connected industries as well, such as metals, plastic & rubber, oil & gas, and chemicals,” according to Anju Ajaykumar, Analyst at ARC Advisory Group and key author of ARC’s Medium Voltage AC Drives Global Market Research report.
About the Medium Voltage AC Drives Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the medium voltage AC drives market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, sales channel, revenue category, power rating, voltage rating, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.