The Europe medium-voltage electric drives market is expected to witness a Compound Annual Growth Rate (CAGR) of 2.7% from 2024 to 2029, ultimately reaching a value of USD 707.5 million by the end of 2029.
This market is segmented based on product type into two categories: Medium-voltage AC drives and Medium-voltage DC drives. Among these segments, the medium-voltage AC drives segment dominated the market in 2023 and is projected to reach a valuation of USD 688.9 million by 2029. Moreover, it is anticipated to exhibit the highest CAGR of 2.9% during the forecast period from 2024 to 2029.
The Europe medium-voltage electric drives market finds applications across various sectors, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The discrete manufacturing segment is expected to grow at a CAGR of 3.1% throughout the forecast period, reaching USD 100.9 million by 2029. Additionally, the revenue of the food & beverages segment is projected to increase at a CAGR of 3.3%, reaching USD 85.1 million by 2029.
In 2023, the top three countries leading the Europe medium-voltage electric drives market are Germany, Italy, and Russia, collectively holding approximately 40% market share.
Prominent players in the Europe medium-voltage electric drives market include Siemens AG, ABB, Ltd., Danfoss A/S, Schneider Electric SE, Rockwell Automation, Inc., Nidec Corporation, Yaskawa Electric Corporation, and Toshiba Corporation. According to Tanalyze Ltd.’s report, these top eight companies collectively held around 80% market share in 2022, highlighting their significant influence within the industry.
This study aims to analyze the Europe market for various segments of medium-voltage electric drives, including:
Product Type: Medium-voltage AC Drives and Medium-voltage DC Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: Germany, Italy, Russia, United Kingdom, France, Poland, Sweden, Spain, and Rest of Europe.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 5
Part 2. Scope and Methodology 6
Report Scope 7
Product Type 7
End-User 7
Region 7
Research Methodology 8
Part 3. Medium-Voltage Electric Drives Market Overview 10
Summary 10
Introduction 11
Part 4. Europe Medium-Voltage Electric Drives Market by Product Type 12
Medium-voltage AC Drives Market by End-User 14
Medium-voltage DC Drives Market by End-User 16
Part 5. Europe Medium-Voltage Electric Drives Market by End-User 18
Part 6. Europe Medium-Voltage Electric Drives Market by Region 20
Part 7. Competitive Analysis 21
Competition Overview 21
Siemens AG 22
Business Overview 22
Contact Information 24
ABB, Ltd. 25
Business Overview 25
Contact Information 28
Danfoss A/S 29
Business Overview 29
Contact Information 31
Schneider Electric SE 32
Business Overview 32
Contact Information 34
Rockwell Automation, Inc. 35
Business Overview 35
Contact Information 38
Nidec Corporation 39
Business Overview 39
Small Precision Motors 41
Contact Information 42
Yaskawa Electric Corporation 43
Business Overview 43
Contact Information 45
Toshiba Corporation 46
Business Overview 46
Contact Information 48
Disclaimer 49
FIGURES AND TABLES
Europe Medium-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
Europe Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
Europe Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
Europe Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
Europe Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Europe Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
Europe Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Europe Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
Europe Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Europe Medium-Voltage Electric Drives Market Share by Country, 2023
Europe Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG Revenue, by Region, 2022
ABB, Ltd. Financial Overview (USD Million)
ABB, Ltd. Revenue, by Type, 2022
ABB, Ltd. Revenue, by Segment, 2022
ABB, Ltd. Revenue, by Product, 2022
ABB, Ltd. Revenue, by Region, 2022
Danfoss A/S Financial Overview (EUR Million)
Danfoss A/S Revenue, by Segment, 2022
Danfoss A/S Revenue, by Region, 2022
Schneider Electric SE Financial Overview (EUR Million)
Schneider Electric SE Revenue, by Segment, 2022
Rockwell Automation, Inc. Financial Overview (USD Million)
Rockwell Automation, Inc. Revenue, by Segment, 2023
Rockwell Automation, Inc. Revenue, by Type, 2023
Rockwell Automation, Inc. Revenue, by Region, 2023
Nidec Corporation Financial Overview (JPY Billion)
Nidec Corporation Revenue, by Segment, 2023
Nidec Corporation Revenue, by Region, 2023
Nidec Corporation Small Precision Motors Revenue (JPY Billion)
Yaskawa Electric Corporation Financial Overview (JPY Million)
Yaskawa Electric Corporation Revenue, by Segment, 2023
Yaskawa Electric Corporation Revenue, by Region, 2023
Toshiba Corporation Financial Overview (JPY Million)
Toshiba Corporation Revenue, by Region, 2023
Toshiba Corporation Revenue, by Segment, 2023