Medium Voltage Drives Market - Global Forecast 2026-2032

Increasing Demand for Precision Power Transmission Across Mining and Oil & Gas Operations

Medium voltage drives play a pivotal role in modern industrial electrification, supporting operational efficiency and helping major industries address evolving sustainability and technological requirements.

Market Snapshot: Medium Voltage Drives Market

The Medium Voltage Drives Market expanded from USD 14.40 billion in 2025 to USD 15.16 billion in 2026. With a projected CAGR of 6.03%, the sector is set to reach USD 21.70 billion by 2032. Growth reflects a sustained focus on electrification across key heavy industries, fueled by investments in process optimization and enhanced reliability.

Scope & Segmentation

End-User Industries: Medium voltage drives serve the cement, chemicals, mining and metals, oil and gas, power generation, and water and wastewater sectors. Each industry presents specific durability and integration challenges, shaping technical and procurement decisions.
Power Classes: Ranges span from below 1 MW to above 4 MW, with higher classes demanding comprehensive cooling and fault-tolerance solutions for safe, uninterrupted operation in harsh environments.
Converter Topologies: The market accommodates active front end, current source inverter, cycloconverter, and voltage source inverter designs, aligning with diverse load characteristics and integration needs.
Installation Scenarios: Both new projects and retrofits are supported, with retrofitting requiring adaptability with aging switchgear, guaranteed migration standards, and efforts to limit operational downtime.
Voltage Levels: Coverage extends across 3.3 kV, 6.6 kV, 11 kV, 13.8 kV, and 15 kV classes, influencing insulation strategies, transformer matching, and on-site equipment compatibility.
Regional Focus: Analysis spans the Americas, EMEA, and Asia-Pacific, reflecting differences in regulatory standards, manufacturing ecosystems, and adoption timelines.

Key Takeaways: Strategic Insights for Senior Decision-Makers

Medium voltage drives have advanced into an essential part of industrial electrification, enabling integration of smart controls and supporting decarbonization goals while maintaining operational stability.
Modular product architectures and flexible converter designs simplify project execution, offering tailored integration options for both greenfield and brownfield projects with minimal customization burden.
Digital services such as condition-based monitoring and remote diagnostics are increasingly shaping supplier relationships, moving toward long-term, performance-centric support contracts focused on maximizing uptime and lifecycle savings.
Procurement planning now emphasizes interoperability with distributed energy solutions and compliance with emerging grid standards, underscoring the need for robust sourcing frameworks and rapid technical support.
Competitive dynamics feature broad-based OEMs, specialized providers focused on innovation, and digital-first companies targeting retrofit and localized project delivery opportunities.

Tariff Impact on Supply Chains and Procurement

Recent tariff changes affecting electrical and semiconductor inputs have led manufacturers and integrators to expand and diversify their sourcing strategies. Measures include integration of dual-sourcing agreements and consideration of nearshore or regional production for greater supply continuity.

Enhanced collaboration among procurement, engineering, and legal teams ensures rapid adaptation to new tariff policies and compliance requirements.
Regional component alternatives and substitution strategies support ongoing certification and help minimize shipping or customs-related project delays.

Medium Voltage Drives Market: Methodology & Data Sources

This market assessment draws on interviews with engineering and procurement professionals, supplier documentation, and current technical standards. Validation through specialist workshops and scenario analysis ensures practical, credible insights that inform industrial procurement and investment strategies.

Why This Report Matters

Helps senior leaders address technology upgrades and comply with complex regulations, accelerating high-value decision-making and supporting long-term asset reliability.
Provides procurement and engineering teams with actionable intelligence on operational requirements, integration, and regional influences to define effective project parameters.
Enables organizations to mitigate risks through transparency on evolving supply chain practices and tariff regulations, improving resilience for electrification assets.

Conclusion

Medium voltage drives remain foundational for efficient and adaptive industrial operations. Aligning technology, sourcing, and digital support empowers organizations to strengthen their operational resilience and long-term asset performance.

Additional Product Information:

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Medium Voltage Drives Market, by Output Power

8.1. 1 To 2 MW
8.2. 2 To 4 MW
8.3. Above 4 MW
8.4. Below 1 MW

9. Medium Voltage Drives Market, by Drive Type

9.1. Active Front End
9.2. Current Source Inverter
9.3. Cycloconverter
9.4. Voltage Source Inverter
9.4.1. IGBT Based
9.4.2. IGCT Based

10. Medium Voltage Drives Market, by Installation Type

10.1. New Installation
10.2. Retrofit

11. Medium Voltage Drives Market, by Voltage Level

11.1. 11 KV
11.2. 13.8 KV
11.3. 15 KV
11.4. 3.3 KV
11.5. 6.6 KV

12. Medium Voltage Drives Market, by End User Industry

12.1. Cement
12.2. Chemicals
12.3. Mining And Metals
12.4. Oil And Gas
12.5. Power Generation
12.6. Water And Wastewater

13. Medium Voltage Drives Market, by Region

13.1. Americas
13.1.1. North America
13.1.2. Latin America
13.2. Europe, Middle East & Africa
13.2.1. Europe
13.2.2. Middle East
13.2.3. Africa
13.3. Asia-Pacific

14. Medium Voltage Drives Market, by Group

14.1. ASEAN
14.2. GCC
14.3. European Union
14.4. BRICS
14.5. G7
14.6. NATO

15. Medium Voltage Drives Market, by Country

15.1. United States
15.2. Canada
15.3. Mexico
15.4. Brazil
15.5. United Kingdom
15.6. Germany
15.7. France
15.8. Russia
15.9. Italy
15.10. Spain
15.11. China
15.12. India
15.13. Japan
15.14. Australia
15.15. South Korea

16. United States Medium Voltage Drives Market
17. China Medium Voltage Drives Market

18. Competitive Landscape

18.1. Market Concentration Analysis, 2025
18.1.1. Concentration Ratio (CR)
18.1.2. Herfindahl Hirschman Index (HHI)
18.2. Recent Developments & Impact Analysis, 2025
18.3. Product Portfolio Analysis, 2025
18.4. Benchmarking Analysis, 2025
18.5. ABB Ltd
18.6. alfanar Group
18.7. Benshaw Inc.
18.8. CG Power & Industrial Solutions Ltd
18.9. Danfoss A/S
18.10. Delta Electronics, Inc.
18.11. Eaton Corporation plc
18.12. Fuji Electric Co., Ltd.
18.13. General Electric Company
18.14. Hitachi, Ltd.
18.15. Honeywell International Inc.
18.16. Infineon Technologies AG
18.17. Ingeteam Power Technology, S.A
18.18. Johnson Controls International plc
18.19. Mitsubishi Electric Corporation
18.20. Nidec Corporation
18.21. Rockwell Automation, Inc.
18.22. Schneider Electric SE
18.23. Siemens AG
18.24. TECO-Westinghouse
18.25. The Yaskawa Electric Corporation
18.26. TMEIC
18.27. Toshiba Corporation
18.28. WEG S.A.
18.29. Yaskawa Electric Corporation

List of Figures

FIGURE 1. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL MEDIUM VOLTAGE DRIVES MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 13. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 1 TO 2 MW, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 1 TO 2 MW, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 1 TO 2 MW, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 2 TO 4 MW, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 2 TO 4 MW, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 2 TO 4 MW, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ABOVE 4 MW, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ABOVE 4 MW, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ABOVE 4 MW, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY BELOW 1 MW, BY REGION, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY BELOW 1 MW, BY GROUP, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY BELOW 1 MW, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ACTIVE FRONT END, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ACTIVE FRONT END, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY ACTIVE FRONT END, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CURRENT SOURCE INVERTER, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CURRENT SOURCE INVERTER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CURRENT SOURCE INVERTER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CYCLOCONVERTER, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CYCLOCONVERTER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CYCLOCONVERTER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, BY REGION, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGBT BASED, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGBT BASED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGBT BASED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGCT BASED, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGCT BASED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY IGCT BASED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY NEW INSTALLATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY NEW INSTALLATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY NEW INSTALLATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY RETROFIT, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY RETROFIT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY RETROFIT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 11 KV, BY REGION, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 11 KV, BY GROUP, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 11 KV, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 13.8 KV, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 13.8 KV, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 13.8 KV, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 15 KV, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 15 KV, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 15 KV, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 3.3 KV, BY REGION, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 3.3 KV, BY GROUP, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 3.3 KV, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 6.6 KV, BY REGION, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 6.6 KV, BY GROUP, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY 6.6 KV, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CEMENT, BY REGION, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CEMENT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CEMENT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CHEMICALS, BY REGION, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CHEMICALS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY CHEMICALS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY MINING AND METALS, BY REGION, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY MINING AND METALS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY MINING AND METALS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OIL AND GAS, BY REGION, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OIL AND GAS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OIL AND GAS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY POWER GENERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY POWER GENERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY POWER GENERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 74. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY WATER AND WASTEWATER, BY REGION, 2018-2032 (USD MILLION)
TABLE 75. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY WATER AND WASTEWATER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 76. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY WATER AND WASTEWATER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 77. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 78. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 79. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 80. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 81. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 82. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 83. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 84. AMERICAS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 85. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 86. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 87. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 88. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 89. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 90. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 91. NORTH AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 92. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 93. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 94. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 95. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 96. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 97. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 98. LATIN AMERICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 99. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 100. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 101. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 102. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 103. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 104. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 105. EUROPE, MIDDLE EAST & AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 106. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 107. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 108. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 109. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 110. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 111. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 112. EUROPE MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 113. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 114. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 115. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 116. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 117. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 118. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 119. MIDDLE EAST MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 120. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 121. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 122. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 123. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 124. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 125. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 126. AFRICA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 127. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 128. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 129. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 130. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 131. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 132. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 133. ASIA-PACIFIC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 134. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 135. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 136. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 137. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 138. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 139. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 140. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 141. ASEAN MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 142. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 143. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 144. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 145. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 146. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 147. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 148. GCC MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 149. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 150. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 151. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 152. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 153. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 154. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 155. EUROPEAN UNION MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 156. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 157. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 158. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 159. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 160. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 161. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 162. BRICS MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 163. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 164. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 165. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 166. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 167. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 168. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 169. G7 MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 170. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 171. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 172. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 173. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 174. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 175. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 176. NATO MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 177. GLOBAL MEDIUM VOLTAGE DRIVES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 178. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 179. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 180. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 181. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 182. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 183. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 184. UNITED STATES MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 185. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 186. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY OUTPUT POWER, 2018-2032 (USD MILLION)
TABLE 187. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY DRIVE TYPE, 2018-2032 (USD MILLION)
TABLE 188. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE SOURCE INVERTER, 2018-2032 (USD MILLION)
TABLE 189. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 190. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY VOLTAGE LEVEL, 2018-2032 (USD MILLION)
TABLE 191. CHINA MEDIUM VOLTAGE DRIVES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Medium Voltage Drives market report include:

ABB Ltd
alfanar Group
Benshaw Inc.
CG Power & Industrial Solutions Ltd
Danfoss A/S
Delta Electronics, Inc.
Eaton Corporation plc
Fuji Electric Co., Ltd.
General Electric Company
Hitachi, Ltd.
Honeywell International Inc.
Infineon Technologies AG
Ingeteam Power Technology, S.A
Johnson Controls International plc
Mitsubishi Electric Corporation
Nidec Corporation
Rockwell Automation, Inc.
Schneider Electric SE
Siemens AG
TECO-Westinghouse
The Yaskawa Electric Corporation
TMEIC
Toshiba Corporation
WEG S.A.
Yaskawa Electric Corporation

Table Information

Report Attribute	Details
No. of Pages	181
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 15.16 Billion
Forecasted Market Value ( USD ) by 2032	$ 21.7 Billion
Compound Annual Growth Rate	6.0%
Regions Covered	Global
No. of Companies Mentioned	26

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3439EUR$3,939USD£2,978GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3710EUR$4,249USD£3,212GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5028EUR$5,759USD£4,353GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6085EUR$6,969USD£5,268GBP

Market Snapshot: Medium Voltage Drives Market

Scope & Segmentation

Key Takeaways: Strategic Insights for Senior Decision-Makers

Tariff Impact on Supply Chains and Procurement

Medium Voltage Drives Market: Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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