The Latin America medium-voltage electric drives market is expected to grow at a compound annual growth rate (CAGR) of 2.3% in value terms during the forecast period, reaching a projected value of USD 132.1 million by 2029.
In terms of product types, the medium-voltage AC drives segment led the market in 2023 and is projected to reach a valuation of USD 128.3 million by 2029. This segment is also expected to demonstrate the highest CAGR of 2.4% from 2024 to 2029.
The market for medium-voltage electric drives in Latin America is segmented by industry, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The minerals segment is anticipated to reach USD 31.5 million by 2029, with a CAGR of 3.5% from 2024 to 2029. Additionally, the discrete manufacturing segment is forecasted to grow at a CAGR of 2.9% to USD 11.6 million by 2029.
Brazil stands as the largest country in the Latin America medium-voltage electric drives market in 2023.
Key players in the Latin American medium-voltage electric drives market include WEG SA, Rockwell Automation, Inc., ABB, Ltd., Siemens AG, Danfoss A/S, Schneider Electric SE, Nidec Corporation, and Yaskawa Electric Corporation. These top eight companies collectively held a 90% market share in 2022, highlighting their significant influence within the industry according to a report by Tanalyze Ltd.
This study aims to analyze the Latin America 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: Brazil, Chile, Colombia, and Latin America.
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. Latin America 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. Latin America Medium-Voltage Electric Drives Market by End-User 18
Part 6. Latin America Medium-Voltage Electric Drives Market by Region 20
Part 7. Competitive Analysis 21
Competition Overview 21
WEG SA 22
Business Overview 22
Contact Information 25
Rockwell Automation, Inc. 26
Business Overview 26
Contact Information 29
ABB, Ltd. 30
Business Overview 30
Contact Information 33
Siemens AG 34
Business Overview 34
Contact Information 36
Danfoss A/S 37
Business Overview 37
Contact Information 39
Schneider Electric SE 40
Business Overview 40
Contact Information 42
Nidec Corporation 43
Business Overview 43
Small Precision Motors 45
Contact Information 46
Yaskawa Electric Corporation 47
Business Overview 47
Contact Information 49
Disclaimer 50
FIGURES AND TABLES
Latin America Medium-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
Latin America Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
Latin America Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
Latin America Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
Latin America Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
Latin America Medium-Voltage Electric Drives Market Share by Country, 2023
Latin America Medium-Voltage Electric Drives Market Share (%) by Competitors, 2022
WEG SA Financial Overview (BRL Million)
WEG SA Revenue, by Region, 2022
WEG SA Domestic Market Revenue, by Segment, 2022
WEG SA International Market Revenue, by Region, 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
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
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG 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
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