New ARC Advisory Group research on the medium voltage AC drives market reveals that investment in upstream oil and gas, development of deep-water oil & gas projects, modernization and retrofit requirements, and energy efficient solutions will increase the demand for medium voltage AC drives.
“Connected machines and digitalization are another important market trend. Trouble free operation of the production plant is the top priority of any plant owner, and digitally enabled drive systems predict equipment failures in advance and prevent unplanned shutdowns that can cost millions of dollars,” according to Anju Ajaykumar, Analyst at ARC Advisory Group and key author of ARC’s Medium Voltage AC Drives Global Market Research report.
“More people are shifting to cities, often for economic benefits, and this dynamic is creating a demand for more infrastructure, including roads, buildings, energy systems, water & wastewater facilities, and airport facilities. This will increase their direct use of AC drives in these applications as well as supporting industries, such as metals, mining, cement & glass, and chemical,” added Anju.
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, machinery segmentations, revenue category, drive size, motor voltage, and customers.
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.