The Medium Voltage AC Drives Market Study provides current market analysis and five-year market and technology forecasts. The study is available in several versions, including a global version for all regions and most major countries.
Medium voltage AC drives are used in process and discrete manufacturing applications to provide speed, motion and torque control to equipment such as fans, pumps, compressors, conveyors, ovens, centrifuges, mixers, hoists, cranes and extruders. Medium voltage AC drives are mainly higher power drives, above 0.2 MW. Medium voltage AC drives are widely used in heavy industries such as mining, metallurgy, power generation, cement and glass production, water and wastewater treatment, shipping, oil and gas. This global market study covers hardware, software and services in the medium voltage AC drive market in the following power ranges: >0.2-0.6 MW; >3–7.5 MW; >7.5–10 MW; MW-20 MW and >20 MW.
Research into the medium voltage AC drive market by ARC Advisory Group shows that growing investment in areas related to the energy transition, including hydrogen, compressed air energy storage, and carbon capture and storage, is changing the energy landscape. These segments offer sustainable solutions to various industries and drive the demand for medium voltage AC drives. As industry and governments continue to prioritize reducing carbon emissions and implementing clean energy technologies, demand for medium voltage AC drives is expected to continue to grow, making them a key component in the energy transition.
In addition to the five-year market forecast, the Medium Voltage AC Drives market study also provides detailed quantitative current market data and addresses the following key strategic questions.
Medium voltage AC drives create harmonics in the power system. These harmonics are a major concern for power regulators because if there is any deviation from the pure sine wave form of the power supply for which the electrical equipment is designed, the equipment will not operate properly if there are harmonic components in the lines. End users should evaluate medium voltage AC drive suppliers for technologies used to reduce the impact of transmission line harmonics. It is important for end users to look at medium voltage AC drives to provide low harmonic drives that use techniques such as active harmonic filters or active input stages to reduce harmonics.
Global megatrends are rapidly changing industrial activity. In this regard, digitalization opens up enormous opportunities for both end users and suppliers. Digitalization helps create a path towards more connected and intelligent systems, thereby increasing value for the end user. For example, digitizing assets through predictive analytics and leveraging cloud architecture allows end users to monitor the health and performance of assets, allowing them to predict equipment failures before they occur, thereby minimizing potential losses that could cost millions of dollars due to unnecessary downtime.
AC drive products are constantly being updated with new features to meet the needs of many markets and improve their value proposition, for example due to the growing demand for smart connected products based on the Industrial Internet of Things or Industry 4.0. Smart, connected products provide the opportunity to improve operational efficiency from the factory floor to the supply chain by optimizing access to data, information and analytics.
IIoT can play an important role in maintenance-related activities, such as remote monitoring of AC drive systems and generating AC drive replacement orders. While industrial plants typically have a good understanding of reactive and predictive maintenance, the Industrial Internet of Things (IoT) is advancing maintenance practices to enable condition-based predictive and prescriptive maintenance. Depending on the operation, moving from preventative maintenance to a predictive or prescriptive approach can result in significant savings in maintenance labor and repair and repair materials. Through preventive and prescribed maintenance, you can achieve virtually zero unplanned downtime for critical equipment, resulting in enormous business benefits.
This in-depth study of market data is divided into two key modules: Market Growth Outlook and Competitive Analysis. Each module is further transformed into several sub-modules to meet the needs of managers, as well as marketing, sales and product development managers. All these modules and submodules can be combined into a kit or purchased separately. These modules, submodules and their use cases are briefly described below.
The ARC Market Growth Outlook service provides in-depth analysis of market opportunities, including five-year market and technology forecasts, as well as three-year historical trend lines when available. In addition to providing in-depth analysis of the market opportunities presented by each technology, the service also allows technology providers to analyze their own multi-technology markets. For example, clients can view different market scenarios by adding or removing technology markets from the analysis, giving them insight into the total available market (TAM) of the markets they serve. The table below lists the available services by market growth prospects.
This service is designed to help your organization quickly gain up-to-date insight into the market opportunities offered by your current product portfolio and analyze how your company’s market opportunities would change if you acquired or divested certain product lines. This service will also help you identify and capitalize on emerging markets, whether they are based on new technologies, geographies, vertical industries or applications. Built on proprietary market models and ARC’s field-tested primary research, the service helps product and marketing managers optimize their business plans by identifying opportunities presented by emerging trends. Over nearly four decades, ARC has built a reputation as the leading independent provider of market growth opportunity analysis, giving your business plan more weight. ARC’s market growth forecasting services come in many forms, depending on whether you are looking at market opportunities across different technologies, industries or regions of the world.
In addition, ARC has a long history of providing customized market opportunity reports and services to meet your specific needs. For example, you may only sell your products to certain industries and/or only one or two regions. You tell us the markets you serve, and ARC can quickly customize a report or service designed to best serve the markets you serve.
ARC offers several versions of these reports and services depending on your role in your organization. Executive Viewpoint is a high-level market capability designed to help executives quickly identify key global trends and market opportunities. In-depth market opportunity analysis provides marketing and product managers with more detailed market information on specific technologies to plan marketing and product development strategies. The table below shows more specific information included in each version.
ARC’s competitive analysis services provide in-depth competitive analysis across a variety of technologies, applications, geographies and industries. In addition to providing in-depth analysis of the market opportunities presented by each technology, the service also allows technology providers to analyze their own multi-technology markets. For example, clients can view different market scenarios by adding or removing technology markets from the analysis, giving them insight into the total available market (TAM) of the markets they serve. The table below lists the available services by market growth prospects.
The service is designed to help product and marketing managers determine their company’s market position through various Available Market Views (SAM). Based on proprietary market models and ARC’s field-tested primary research, this service helps product and marketing managers optimize their business plans by determining how a company’s market position will change when it acquires or sells specific product lines or technologies. Over nearly four decades, ARC has built a reputation as the preeminent independent provider of competitive market benchmarking services that enhance the effectiveness of your business plans. ARC’s market competition services come in many forms, depending on whether you are looking at market opportunities across different technologies, industries or regions of the world.
In addition, ARC has a long history of providing customized market opportunity reports and services to meet specific client needs. For example, you may only sell your products to certain industries and/or only one or two regions. You tell us the markets you serve, and ARC can quickly customize a report or service designed to best serve the markets you serve.
ARC offers several versions of these reports and services depending on your role in the organization. Executive View is an advanced competitive market analysis designed to help executives quickly evaluate their SAM by global region, technology, or industry vertical. In-depth competitive market analysis provides marketing and product managers with more detailed information about specific technologies to plan marketing and product development strategies. The table below shows more specific information included in each version.
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Post time: May-22-2024