Medium-voltage Inverters also known as MV inverters, are power electronics devices used to convert medium voltage AC power into variable frequency AC power. They are typically used in industrial and utility applications to control the speed and torque of AC motors, such as those used in pumps, fans, compressors, and conveyors. MV inverters are designed to operate with medium voltage power, typically ranging from 2.3kV to 15kV, depending on the application. They can also handle high power levels, typically ranging from a few hundred kilowatts to several megawatts.

Medium-voltage inverters find wide applications in various industries and utility sectors where medium voltage AC power needs to be converted into variable frequency AC power for controlling the speed and torque of AC motors. Rapid growth of medium-voltage inverters in recent years has been driven by the need for efficient and reliable solutions to control medium voltage AC power in a wide range of industrial and utility applications that has further facilitated the demand for Medium-voltage Inverters Market growth in coming years.

The report “Medium-voltage Inverters Market, By Type (6 MW, 6-25 MW, and 25-85 MW), By Application (Conveyors, Pumps, Compressors, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In February 2021, Fraunhofer Institute for Solar Energy Systems ISE developed highly compact inverter for direct connection to medium-voltage grid. As a result, power electronics play a crucial role in connecting these systems to the grid. Power electronics, however, must carry out other grid-supporting activities in addition to the simple feeding in or feeding back of electrical energy.
• In June 2020, SMA America launched the first UL 1741 certified Medium Voltage Power Station (MVPS) to the Americans. This is the first time a completely containerized, turnkey system has been made available domestically. It also represents the only fully assembled, large-scale medium voltage PV power conversion station that is UL 1741 listed in the industry, improving owners' long-term value as well as interoperability and safety assurances.

Analyst View:

The increasing adoption of industrial automation and the trend towards Industry 4.0 are expected to drive the demand for medium-voltage inverters, as they play a critical role in controlling and optimizing the operation of industrial machinery and equipment. The growth in renewable energy sources such as wind and solar power is expected to drive the demand for medium-voltage inverters, as they are critical components in the power electronics systems of such installations. The continued development of infrastructure such as power grids, transportation systems, and water treatment plants is expected to drive the demand for medium-voltage inverters, as they are essential components in the control and operation of such systems which helps fuel Medium-voltage Inverters Market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Medium-voltage Inverters Market, By Type (6 MW, 6-25 MW, and 25-85 MW), By Application (Conveyors, Pumps, Compressors, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Medium-voltage Inverters Market accounted for US$ 2.59 billion in 2022 and is estimated to be US$ 4.46 billion by 2032 and is anticipated to register a CAGR of 5.6%. Medium-voltage Inverters Market is segmented based on Type, Application and Region.

• Based on Type, Medium-voltage Inverters Market is segmented into 6 MW, 6-25 MW, and 25-85 MW.
• Based on Application, Medium-voltage Inverters Market is segmented into Conveyors, Pumps, Compressors, and Other.
• By Region, the Medium-voltage Inverters Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Medium-voltage Inverters Market:

The prominent players operating in the Medium-voltage Inverters Market includes, Siemens, ABB, Emerson Industrial, SMA, Fuji Electric, Eaton, Yaskawa, Schneider Electric, Toshiba, Delta and others.

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