Global Low and Medium-voltage Inverter Market is Projected to Reach US$ 13 Billion by 2023

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New report published by QY Research which offers insights on the global Low and Medium-voltage Inverter market. The Low and Medium-voltage Inverter market has been experiencing steady growth graph since past years. In 2017 the global Low and Medium-voltage Inverter market was valued at US$ 11 Bn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 13 Bn growing at a value CAGR of 4% throughout the period of forecast.

Global Low and Medium-voltage Inverter Market: Market Driver and Restraint

Low and Medium-voltage Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.

Applications of Low and Medium-voltage Inverter are Textile Industry, Oil & Gas Industry, Mining Industry and Hoisting Machinery.

Low and Medium-voltage Inverter is widely used in textile machinery, including opening picking, carding machine, lap former, combing machine, drawing frame, roving frame, spinning frame and winding machine, etc. Gas compressor, electrical submersible pump, pipeline pump, brine pump, feed-water pump. Ventilation fan, baghouse fan, slurry pump, feed pump, gas compressor, blast furnace fan. Hoisting machinery presents the most robust demand. Low and medium-voltage inverters are extensively applied in hoisting machinery.

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Global Low and Medium-voltage Inverter Market by Type

This segment includes Medium-voltage Inverter and Low-voltage Inverter.

Medium-voltage Inverter include 690V,1140V, 2300V, etc. Low-voltage Inverter include 110V,220V, 380V, etc.

A medium voltage inverter can make the speed of a medium-voltage electric motor variable.

The low-voltage inverter (48V and less) is a product offering within the Eaton Power Electronics category. It changes Direct Current (DC) to Alternating Current (AC).

Global Low and Medium-voltage Inverter Market: Forecast by Region

North America, Europe, China, Japan, India and Korea are the regions that are included in this report. China and Europe are the dominant market in the global Low and Medium-voltage Inverter market in terms of value. The Asia-Pacific market is expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of electronic industry.

Global Low and Medium-voltage Inverter Market: Key Players

ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation, Mitsubishi Electric, Yaskawa Electric, Fuji Electric, Delta Electronics, Inovance Technology, INVT , EURA DRIVES, Slanvert, Hiconics and STEP Electric Corporation.

Low and Medium-voltage Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.

First, for industry structure analysis, the Low and Medium-voltage Inverter industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 55 % of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Low and Medium-voltage Inverter industry.

Second, for price trend analysis, a key variable in the performance of Low and Medium-voltage Inverter producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

Third, for forecast, the global Low and Medium-voltage Inverter revenue would keep increasing with annual growth rate with 3~6%. We tend to believe that this industry still has a good future, considering the current demand of Low and Medium-voltage Inverter.

The Low and Medium-voltage Inverter market has been experiencing steady growth graph since past years. In 2017 the global Low and Medium-voltage Inverter market was valued at US$ 11 Billion and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 13 Billion growing at a value CAGR of 4% throughout the period of forecast.

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