Australia and New Zealand Low and Medium Voltage Drive Industry Outlook from 2023 to 2033
Australia and New Zealand low and medium voltage drive revenue totaled US$ 718.3 million in 2022. Demand for low and medium voltage drive in Australia and New Zealand witnessed 3.8% year-on-year growth in 2022, taking overall valuation to US$ 745.0 million in 2023.
Projections between 2023 and 2033 indicate a 4.9% CAGR for sales in the region, resulting in revenue of US$ 1,137.1 million by 2033. According to the study, total sales are projected to create a definite financial potential of US$ 392.1 million from 2023 to 2033.
Low and medium-voltage drives (also known as variable frequency drives or VFDs) are renowned for efficiently controlling the speed and torque of electric motors in industrial applications. Their demand is attributed to energy efficiency optimization, lower operating costs, and improved overall performance of machinery.
There has been a heightened awareness of the necessity to decrease carbon emissions and the rising demand for energy-efficient technologies, creating prospects for low and medium voltage drive manufacturers. The advancements in control algorithms, power electronics, and semiconductors have made it possible to produce more energy-efficient drives, which have grown more affordable and widely in demand.
The growing adoption of renewable energy sources such as wind and solar power has further driven the demand for energy-efficient voltage drives. These energy sources require a more efficient and flexible power grid, and energy-efficient drives can help regulate the power flow in the grid and ensure that the power is distributed effectively. Consequently, rising demand for low and medium voltage drives from renewable energy sources is expected to boost sales.
The demand for advanced control and monitoring features in drives is a notable trend observed across Australia and New Zealand. This has been made possible by integrating cutting-edge sensors, communication protocols, and control algorithms. The development of these features has resulted in drives that can monitor and control various parameters, such as voltage, current, temperature, and speed, in real-time. This has improved efficiency, reliability, and safety in applications such as pumps, fans, and compressors.
Safety is a crucial concern in various industrial and commercial settings, and manufacturers are witnessing a growing demand for drives with built-in safety features. Features like emergency stop buttons, safety interlocks, and overload protection are vital in preventing accidents. They also protect equipment and personnel, and ensure compliance with safety regulations, making them popular among users. With rapid urbanization across the region, there has been an increase in demand for HVAC systems from the commercial and domestic sectors.
The need for district heating systems in colder areas has also been increasing. These systems comfort people in colder regions and hold a significant share in energy consumption; these systems use motorized fans and blowers for space heating and air circulation. Demand for such HVAC systems is anticipated to create meaningful opportunities for low and medium voltage drives in Australia and New Zealand.
Household appliances are also an important area of application for low voltage drives. An electric motor is a crucial part of many household appliances, ranging from small body care products such as shavers, hair dryers, etc., to sizeable domestic care appliances such as vacuum cleaners and kitchen suction hoods. Sales of electronic household appliances are anticipated to witness sturdy growth over the forecast period, which, in turn, is expected to be a prime driver for the low and medium voltage drive demand.
Attributes
Key Insights
Australia and New Zealand Low and Medium Voltage Drive Sales Value (2022A)
US$718.3 million
Estimated Australia and New Zealand Low and Medium Voltage Drive Revenue (2023E)
US$ 745.0 million
Projected Value (2033F)
US$ 1,137.1 million
Value-based CAGR (2023 to 2033)
4.9%
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Historical Performance of Australia and New Zealand Low and Medium Voltage Drive Outlook
From 2018 to 2022, low and medium voltage drive sales in ANZ grew at a CAGR of 4.1%. According to Future Market Insights (FMI), total revenue is expected to grow at a CAGR of 4.9% during the forecast period.
Historically, low and medium voltage drive sales in Australia and New Zealand have experienced steady growth. This growth is driven by industrial expansion, infrastructure development, and an emphasis on energy efficiency. There has been a notable shift towards energy-saving technology in both countries. Low and medium-voltage drives play a crucial role in improving the energy efficiency of industrial procedures, leading to augmented adoption.
Due to the importance of the mining and resources industries in Australia and New Zealand, these industries are the key drivers of demand for LV and MV drives. The need for precise motor control in mining processes has increased overall sales. The low and medium-voltage drive demand has seen a boom with the increasing emphasis on renewable energy sources. These engines are essential for assimilating renewable energy into the grid and handling fluctuations in electricity production.
The adoption of Industry 4.0 principles and growing automation of industrial processes have fueled demand for motor control solutions. Low and medium-voltage drives are essential for automated manufacturing and smart industrial systems. Australia and New Zealand have capitalized heavily on infrastructure projects over the years. This includes water treatment, transportation, and construction, all requiring advanced motor control solutions. Industries that focus on safety and reliability, such as oil and gas, have previously invested in advanced motor control solutions to ensure their processes run smoothly and safely.
Latest Trends, Hindrances, and Opportunities
Attributes
Key Factors
Latest Trends
Convert to renewable energy: Both Australia and New Zealand are actively transitioning to renewable energy sources. This transition requires advanced control systems, including low- and medium-voltage drives, to effectively manage and assimilate renewable energy sources into the grid.
Regulations on energy efficiency: Governments in both countries have implemented stricter rules on energy efficiency. This leads to a growing demand for energy-saving technologies, such as low- and medium-voltage drives, which aid optimize energy consumption in industrial courses.
Industry 4. 0 and Automation: The adoption of Industry 4. 0 principles is a rising trend in Australia and New Zealand. Integrating innovative technologies, IoT (Internet of Things), and automation into industrial processes.
Mining and natural resources sector: Australia and New Zealand both have noteworthy mining and resources industries. The use of low and medium-voltage drives in the field is vital for efficient operation and energy management.
Infrastructure development: Infrastructure projects such as transportation, water treatment, and construction are vital drivers of low and medium-voltage drive sales
Focus on network stability: Ensuring network stability and reliability is a top priority for both countries. Low and medium-voltage drives are essential for grid management because they help stabilize voltage levels and regulate frequencies.
Growth Hindrances
Economic instability: Economic uncertainty could reduce investment in industrial automation and infrastructure projects, impacting demand for low- and medium-voltage drives. Aspects such as global economic situations and trade tensions can impact business decisions.
Slow adoption in some industries: While some enterprises have adopted low and medium-voltage drives, others have been slower to accept these technologies due to factors such as traditional operating methods or lack of awareness of the potential benefits.
Limitations in technical expertise: Installation and maintenance of low and medium-voltage electric drives require technical expertise.
Legal barriers: Complex guidelines and standards associated to electrical gear and safety can pose trials for manufacturers and end users. Complying with these guidelines can add complexity and cost to the project.
Upcoming Opportunities
Integrating renewable energy: The transition to renewable energy sources offers significant growth opportunities for low and medium-voltage drive manufacturers.
Industry 4.0 and Automation: Continued adoption of Industry 4.0 principles and deployment of smart manufacturing technologies offer significant growth potential.
Energy efficiency and sustainability initiatives: Growing awareness about energy efficiency and sustainability is pouring demand for energy-saving technologies.
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Comparative Overview of Adjacent Australia and New Zealand Low and Medium Voltage Drive Businesses
The section covers a comparative view of two other businesses similar to the Australia and New Zealand low and medium voltage drive one. As per the estimations, the low voltage cable business would lead out of the three businesses, at US$ 255 billion by 2033. Ongoing infrastructure expansion will likely drive sales growth in Australia and New Zealand through 2033.
Australia and New Zealand Low and Medium Voltage Drive Industry Outlook:
Attributes
Australia and New Zealand Low and Medium Voltage Drive Industry Outlook
CAGR (2023 to 2033)
4.9%
Projected Value (2033)
US$ 1,137.1 million
Growth Factor
Ongoing and planned infrastructure schemes in the transportation, water treatment, and construction sectors will need advanced motor control resolutions. This is expected to drive low and medium-voltage drive sales.
Key Trend
Growing awareness of the ecological impact of industrial procedures. Low and medium-voltage drives are essential to reduce energy consumption and emissions, in line with sustainable development goals.
Low Voltage Cable Demand Outlook:
Attributes
Low Voltage Cable Demand Outlook
CAGR (2023 to 2033)
5.8%
Projected Value (2033)
US$ 255.0 billion
Growth Factor
Continuous research and development efforts are focused on generating new materials and manufacturing methods to improve the performance and efficacy of low-voltage cables.
Key Trend
The adoption of Industry 4.0 principles and digital transformation across industries is leading to a growing demand for low-voltage cables supportive high-speed data transmission and power.
High Voltage Glass Insulator Sales Forecast:
Attributes
High Voltage Glass Insulator Forecast
CAGR (2023 to 2033)
4.5%
Projected Value (2033)
US$ 15500 million
Growth Factor
Rising demand for electricity, particularly in emerging economies, drives significant investment in modernizing and mounting transmission and distribution networks, thereby driving demand for quality high-voltage glass electricity.
Key Trend
Advances in materials science have led to the growth of high-performance glass insulators that can withstand harsh weather conditions and pollution levels, thus improving the reliability of the net.
Country-wise Insights
The below table highlight projected sales revenue in Australia and New Zealand low and CAGRs. Australia and New Zealand is anticipated to surge with a value of US$ 1,137.1 million by 2033.
Country
Australia and New Zealand
Projected Value (2033)
US$ 1,137.1 million
In the table below, the CAGRs of New Zealand is given for the review period 2023 to 2033. New Zealand is expected to remain dominant by exhibiting a CAGR of 5.7% by 2033.
Country
New Zealand
Value-based CAGR (2023 to 2033)
5.7%
Rising Industrialization and Infrastructure Development to Surge Sales
In the forecast period, demand for low and medium voltage drives in Australia and New Zealand is expected to grow at a 4.9% CAGR. Australia holds more than 80% share in the region. Sales in these nations are expected to rise steadily in the coming years. Low and medium-voltage drives are used in several industries, including oil and gas, mining, manufacturing, and utilities, to control the speed and torque of electric motors. These drives help improve energy efficiency, reduce operational costs, and enhance overall system performance.
Factors driving sales growth in Australia include increasing industrialization, infrastructure development, and the need for energy-efficient solutions. The region's focus on renewable energy sources, such as wind and solar power, also contributes to the demand for low and medium-voltage drives.
Government initiatives promoting energy efficiency and sustainability are also expected to boost the adoption of low and medium-voltage drives in Australia and New Zealand. These initiatives include regulations and incentives to reduce carbon emissions and improve energy management.
Key manufacturers of LV and MV drives in Australia and New Zealand include multinational companies like ABB, Siemens, Schneider Electric, Rockwell Automation, and local manufacturers and suppliers. These companies offer a wide range of drive solutions, including variable frequency drives (VFDs) and soft starters, catering to different industry requirements.
Growing Emphasis on Energy-efficiency to Boost Demand in New Zealand
New Zealand is expected to surge at a CAGR of 5.7% by 2033. New Zealand has a diverse industrial landscape, including agriculture, manufacturing, construction, and mining. Each of these segments has its requirements for low and medium-voltage drives.
New Zealand has comparatively smaller revenue than other larger economies. However, it has had steady growth over the historical period. New Zealand places great stress on energy efficacy and sustainability. This emphasis has driven demand for the energy-efficient technologies, including low- and medium-voltage drives.
New Zealand is identified for its plentiful renewable energy resources, especially hydroelectricity. Low and medium-voltage drives play a dynamic role in efficiently managing and integrating this renewable energy into the grid. The agricultural and mining sectors are vital in New Zealand. Both industries need precise motor control, and low and medium-voltage fuel are imperious for operations in these sectors.
Infrastructure growth projects such as water treatment, road construction, and transportation systems have increased LV and MV drive demand. These drives are used for several different applications in projects with high requirements for safety and reliability, such as oil and gas, are vital consumers of medium and low-voltage drives. These actuators ensure procedures in these industries run smoothly and safely.
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Category-wise Insights
The table below signifies leading sub-categories under the power rating and end-use categories. 1 MW to 3 MW is expected to dominate by exhibiting a 7.4% CAGR in the evaluation period. Under the end-use, the power generation segment is projected to lead, thriving at a 4.0% CAGR.
Category
Forecast CAGR (2023 to 2033)
1 MW to 3 MW (power rating)
7.4%
Power Generation (end-use)
4.0%
Industrial Application of 1MW to 3MW Voltage Drives to be Preferred Globally
By power rating, the medium voltage drives (1 MW to 3 MW) segment accounts for a prominent share of 52.5% in 2023, witnessing its dominance during the forecast period. This is followed by taxi lights, which are expected to grow at a value CAGR of 7.4%.
Low and medium voltage drives in the 1 MW to 3 MW range forms an essential section in Australia and New Zealand. It is aimed at industries with high energy demands, and its development is often influenced by aspects specific to heavy industry.
Key sectors that benefit from measurements in this range comprise utilities (for controlling pumps and turbines), mining (for large mining equipment), and heavy industry (for machines such as mills and extruders). Efficacy is a critical aspect of this segment. Users of large motors are highly driven to optimize energy consumption owing to the significant energy costs associated with operating the machine in this power range.
Due to the precise needs of industries using 1 MW to 3 MW power drives, manufacturers in this segment offer tailored solutions. Customization involves communication interfaces, specialized control algorithms, or mechanical adjustments. Submission with electrical safety standards and industry-specific guidelines is critical for manufacturers directing this segment. Continuous advances in control algorithms and power electronics have led to the growth of efficient, reliable, and feature-rich drives in power range.
Transitioning to Renewable Energy Sources Drives Demand for Power Generation
By end-use industry, the medium voltage drives (power generation) segment accounts for a prominent share of 33.6% in 2023. This is followed by the oil and gas segment, which is expected to grow at a CAGR of 4.0%.
LV and MV drives have several applications in energy production installations like power generation, including fans, compressors, controlling pumps, and use in other machinery. Australia and New Zealand have diverse sources of electricity generation, including natural gas, coal, hydropower, wind, solar and geothermal. Each of these bases may require specific types of readers to function optimally, leading innovation in drives.
Australia and New Zealand are both actively transitioning to renewable energy sources. Low and medium-voltage drives are vital in effectively integrating renewable energy, such as solar and wind, into the grid. Hydropower is an essential source of renewable energy in both countries.
Solar and wind farms in both countries use quiet- and medium-voltage motors to control the speed and power of generators. These drives ensure that power generation is enhanced under changing wind and solar conditions, pushing sales in the region
LV and MV drives play an important role in network management. They help steady voltage levels and standardize frequencies, ensuring a stable and dependable power supply to consumers.
Competitive Landscape
Companies are investing significantly to expand their production in the regional areas and grab growth opportunities. Manufacturers are also expanding their reach to enhance sales and customer service through a strong distribution network. Key players are focusing on adopting alternative distribution channels, such as online, to strengthen their presence in regional and global areas.
Several key players are focusing on the acquisition of small players. In contrast, small-scale companies must invest significantly in research and development activities to introduce new products and enhance their global presence. In recent years, manufacturers have been highly focused on acquisitions to strengthen the Australia and New Zealand low and medium voltage drive product portfolio.
For instance,
In March 2021, Rockwell Automation enhanced the operational capacity of the Power Flex 6000T Medium Voltage Drives.
In September 2020, Danfoss recently added the VACON 1000 medium-voltage drive to its range of flexible and adaptable medium-voltage drives. This new addition is designed to be compact, offering a space-saving solution for customers.
In April 2020, ABB broadened its range of all-compatible drives by introducing the ACS6080 medium voltage (MV) drive, specifically designed for critical applications.
In August 2019, Schneider Electric, a prominent energy management and automation player, introduced the Altivar Process 6000 (ATV6000) medium voltage service-oriented drive. This innovative product is designed to be intelligent and connected, allowing businesses to optimize their operations.
Scope of Report
Attribute
Details
Estimated Size (2023)
US$ 745.0 million
Projected Valuation (2033)
US$ 1,137.1 million
Value-based CAGR (2023 to 2033)
4.9%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Analysis
US$ Million for Value and Units for Volume
Key Countries Covered
Australia and New Zealand
Key Segments Covered
Voltage Level
Power Rating
Drive Type
Current Type
End-Use Industry
Sales Channel
Region
Key Companies Profiled
Siemens AG
Delta Power Electronics
Fuji Electric Global
ABB
Yaskawa
Rockwell Automation
Eaton
Nidec
TMEIC
TECO
Schneider Electric
Amtech
GE Power Conversion
Benwshaw Applied Motor Controls
Maschinenfabrik Reinhausen GmbH
Report Coverage
Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Key Dynamics and Challenges, and Strategic Growth Initiatives
Segmentation
By Voltage Level:
Medium Voltage Drives
Low-medium Voltage (1 kV to 3 kV)
Medium-high voltage (3 kV to 6 kV)
High voltage (6 kV and above)
Low Voltage Drives
Up to 230V
230V to 690V
690V to 1 KV
By Power Rating:
Medium Voltage Drives
<1MW
1 MW to 3 MW
3 MW to 7 MW
> 7 MW
Low Voltage Drives
Up to 750 W
750 to 7500 W
7500 to 75000 W
By Drive Type:
Medium Voltage Drives
Variable Frequency Drives (VFDs)
Servo Drives
Direct Torque Control (DTC) Drives
Vector Control Drives
Sensorless Control Drives
Low Voltage Drives
Variable Frequency Drives (VFDs)
Servo Drives
Direct Torque Control (DTC) Drives
Vector Control Drives
Sensorless Control Drives
By Current Type:
Medium Voltage Drives
AC
DC
Low Voltage Drives
AC
DC
By Sales Channel:
Direct End-User
Direct Machine Builder
Direct Systems Integrator
Distribution/Partner
By End Use Industry:
Medium Voltage Drives
Oil and Gas
Mining and Metals
Power Generation
Chemicals and Petrochemicals
Water and Wastewater
Marine and Offshore
Others
Low Voltage Drives
Building and Construction
Manufacturing
Food and Beverage
Transportation
Agriculture
Pharmaceuticals
Commercial Facilities
Others
By Region:
Australia
New South Wales (NSW)
Victoria (VIC)
Queensland (QLD)
Western Australia
South Australia
Tasmania
Northern Territory
New Zealand
Frequently Asked Questions
What is the current size of ANZ Low and Medium Voltage Drive Business?
Revenue in ANZ is expected to total US$ 745.0 million in 2023.
What is the demand outlook for low and medium voltage drive in ANZ?
Demand in ANZ is expected to increase at 4.3% CAGR through 2033.
Who are the top players in the ANZ?
Siemens AG, ABB, Rockwell Automation, Schneider Electric are the key players.
What is the sales forecast for low and medium voltage drives in ANZ?
Total sales in ANZ are anticipated to total US$ 1,137.1 million by 2033.
What was the historical valuation of low and medium drives in Australia and New Zealand?
Total valuation in ANZ reached US$ 678.2 million in 2018.
Table of Content
1. Executive Summary
1.1. Industry Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Overview
2.1. Industry Coverage / Taxonomy
2.2. Industry Definition / Scope / Limitations
3. Key Trends
3.1. Key Trends Impacting Sales
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Pricing Analysis
6.1. Regional Pricing Analysis By Voltage Level
6.2. Average Pricing Analysis Benchmark
7. Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Background
8.1. Macro-Economic Factors
8.1.1. Global & ANZ GDP Growth Outlook
8.1.2. Industry Value Added
8.1.3. Manufacturing Value-Added
8.1.4. Global and ANZ Chemical Industry Overview
8.1.5. Global & ANZ Automotive Industry Overview
8.1.6. Food & Beverages Industry Outlook
8.1.7. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. ANZ Urbanization Growth Outlook
8.2.5. Covid-19 Impact Assessment
8.2.6. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Supply Demand Analysis
9. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage Level
9.1. Introduction / Key Findings
9.2. Historical Size (US$ million) and Volume Analysis By Voltage Level, 2018 to 2022
9.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Voltage Level, 2023 to 2033
9.3.1. Medium Voltage Drive
9.3.1.1. Low-Medium Voltage (1 kV - 3 kV)
9.3.1.2. Medium-High Voltage (3 kV - 6 kV)
9.3.1.3. High Voltage (6 kV and above)
9.3.2. Low Voltage Drive
9.3.2.1. Up to 230V
9.3.2.2. 230V - 690V
9.3.2.3. 690V - 1 KV
9.4. Industry Attractiveness Analysis By Voltage Level
10. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rating
10.1. Introduction / Key Findings
10.2. Historical Size (US$ million) and Volume Analysis By Power Rating, 2018 to 2022
10.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Power Rating, 2023 to 2033
10.3.1. Medium Voltage Drive
10.3.1.1. <1MW
10.3.1.2. 1 MW - 3 MW
10.3.1.3. 3 MW- 7 MW
10.3.1.4. > 7 MW
10.3.2. Low Voltage Drive
10.3.2.1. Up to 750 W
10.3.2.2. 750 to 7500 W
10.3.2.3. 7500 to 75000 W
10.4. Industry Attractiveness Analysis By Power Rating
11. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
11.1. Introduction / Key Findings
11.2. Historical Size (US$ million) and Volume Analysis By Drive Type, 2018 to 2022
11.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Drive Type, 2023 to 2033
11.3.1. Medium Voltage Drive
11.3.1.1. Variable Frequency Drive (VFDs)
11.3.1.2. Servo Drive
11.3.1.3. Direct Torque Control (DTC) Drive
11.3.1.4. Vector Control Drive
11.3.1.5. Sensorless Control Drive
11.3.2. Low Voltage Drive
11.3.2.1. Variable Frequency Drive (VFDs)
11.3.2.2. Servo Drive
11.3.2.3. Direct Torque Control (DTC) Drive
11.3.2.4. Vector Control Drive
11.3.2.5. Sensorless Control Drive
11.4. Industry Attractiveness Analysis By Drive Type
12. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Current Type
12.1. Introduction / Key Findings
12.2. Historical Size (US$ million) and Volume Analysis By Current Type, 2018 to 2022
12.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Current Type, 2023 to 2033
12.3.1. Medium Voltage Drive
12.3.1.1. AC
12.3.1.2. DC
12.3.2. Low Voltage Drive
12.3.2.1. AC
12.3.2.2. DC
12.4. Industry Attractiveness Analysis By Current Type
13. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
13.1. Introduction / Key Findings
13.2. Historical Size (US$ million) and Volume Analysis By Sales Channel, 2018 to 2022
13.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Sales Channel, 2023 to 2033
13.3.1. Direct End-User
13.3.2. Direct Machine Builder
13.3.3. Direct Systems Integrator
13.3.4. Distribution/Partner
13.4. Industry Attractiveness Analysis By Sales Channel
14. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry
14.1. Introduction / Key Findings
14.2. Historical Size (US$ million) and Volume Analysis By End-Use Industry, 2018 to 2022
14.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By End-Use Industry, 2023 to 2033
14.3.1. Medium Voltage Drive
14.3.1.1. Oil and Gas
14.3.1.2. Mining and Metals
14.3.1.3. Power Generation
14.3.1.4. Chemicals and Petrochemicals
14.3.1.5. Water and Wastewater
14.3.1.6. Marine and Offshore
14.3.1.7. Others
14.3.2. Low Voltage Drive
14.3.2.1. Building and Construction
14.3.2.2. Manufacturing
14.3.2.3. Food and Beverage
14.3.2.4. Transportation
14.3.2.5. Agriculture
14.3.2.6. Pharmaceuticals
14.3.2.7. Commercial Facilities
14.3.2.8. Others
14.4. Industry Attractiveness Analysis By End-Use Industry
15. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
15.1. Introduction
15.2. Historical Size (US$ million) and Volume Analysis By Region, 2018 to 2022
15.3. Current Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033
15.3.1. Australia
15.3.2. New Zealand
15.4. Industry Attractiveness Analysis By Region
16. Industry Attractiveness 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
16.4. Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
16.4.1. By Region
16.4.1.1. New South Wales (NSW)
16.4.1.2. Victoria (VIC)
16.4.1.3. Queensland (QLD)
16.4.1.4. Western Australia
16.4.1.5. South Australia
16.4.1.6. Tasmania
16.4.1.7. Northern Territory
16.4.2. By Voltage Level
16.4.3. By Power Rating
16.4.4. By Drive Type
16.4.5. By Current Type
16.4.6. By Sales Channel
16.4.7. By End-Use Industry
16.5. Industry Attractiveness Analysis
16.5.1. By Country
16.5.2. By Voltage Level
16.5.3. By Power Rating
16.5.4. By Drive Type
16.5.5. By Current Type
16.5.6. By Sales Channel
16.5.7. By End-Use Industry
16.6. Key Trends
16.7. Key Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Industry Attractiveness 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
17.4. Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
17.4.1. By Voltage Level
17.4.2. By Power Rating
17.4.3. By Drive Type
17.4.4. By Current Type
17.4.5. By Sales Channel
17.4.6. By End-Use Industry
17.5. Industry Attractiveness Analysis
17.5.1. By Voltage Level
17.5.2. By Power Rating
17.5.3. By Drive Type
17.5.4. By Current Type
17.5.5. By Sales Channel
17.5.6. By End-Use Industry
17.6. Key Trends
17.7. Key Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Industry Structure Analysis
18.1. Industry Analysis by Tier of Companies
18.2. Player Concentration
18.3. Revenue Share Analysis of Top Players
18.4. Production Capacity Analysis
18.5. Presence Analysis
18.5.1. By Drive Type Footprint of Players
18.5.2. By Regional Footprint of Players
18.5.3. By Channel Footprint of Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
19.3.1. Siemens AG
19.3.1.1. Overview
19.3.1.2. Product Portfolio
19.3.1.3. Profitability by Segments (Product/Channel/Region)
19.3.1.4. Sales Footprint
19.3.1.5. Strategy Overview
19.3.2. Delta Power Electronics
19.3.2.1. Overview
19.3.2.2. Product Portfolio
19.3.2.3. Profitability by Segments (Product/Channel/Region)
19.3.2.4. Sales Footprint
19.3.2.5. Strategy Overview
19.3.3. Rockwell Automation
19.3.3.1. Overview
19.3.3.2. Product Portfolio
19.3.3.3. Profitability by Segments (Product/Channel/Region)
19.3.3.4. Sales Footprint
19.3.3.5. Strategy Overview
19.3.4. Eaton
19.3.4.1. Overview
19.3.4.2. Product Portfolio
19.3.4.3. Profitability by Segments (Product/Channel/Region)
19.3.4.4. Sales Footprint
19.3.4.5. Strategy Overview
19.3.5. Nidec
19.3.5.1. Overview
19.3.5.2. Product Portfolio
19.3.5.3. Profitability by Segments (Product/Channel/Region)
19.3.5.4. Sales Footprint
19.3.5.5. Strategy Overview
19.3.6. TMEIC
19.3.6.1. Overview
19.3.6.2. Product Portfolio
19.3.6.3. Profitability by Segments (Product/Channel/Region)
19.3.6.4. Sales Footprint
19.3.6.5. Strategy Overview
19.3.7. TECO-Westinghouse
19.3.7.1. Overview
19.3.7.2. Product Portfolio
19.3.7.3. Profitability by Segments (Product/Channel/Region)
19.3.7.4. Sales Footprint
19.3.7.5. Strategy Overview
19.3.8. Benshaw Applied Motor Controls
19.3.8.1. Overview
19.3.8.2. Product Portfolio
19.3.8.3. Profitability by Segments (Product/Channel/Region)
19.3.8.4. Sales Footprint
19.3.8.5. Strategy Overview
19.3.9. Schneider Electric
19.3.9.1. Overview
19.3.9.2. Product Portfolio
19.3.9.3. Profitability by Segments (Product/Channel/Region)
19.3.9.4. Sales Footprint
19.3.9.5. Strategy Overview
19.3.10. Maschinenfabrik Reinhausen GmbH
19.3.10.1. Overview
19.3.10.2. Product Portfolio
19.3.10.3. Profitability by Segments (Product/Channel/Region)
19.3.10.4. Sales Footprint
19.3.10.5. Strategy Overview
19.3.11. Ametech
19.3.11.1. Overview
19.3.11.2. Product Portfolio
19.3.11.3. Profitability by Segments (Product/Channel/Region)
19.3.11.4. Sales Footprint
19.3.11.5. Strategy Overview
19.3.12. GE Power Conversion
19.3.12.1. Overview
19.3.12.2. Product Portfolio
19.3.12.3. Profitability by Segments (Product/Channel/Region)
19.3.12.4. Sales Footprint
19.3.12.5. Strategy Overview
20. Primary Insights21. Assumptions and Acronyms Used22. Research Methodology
List of Tables
Table 01: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level
Table 02: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating
Table 03: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type
Table 04: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type
Table 05: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel
Table 06: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
Table 07: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
Table 08: Value(US$ million) and Volume ('000 Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 by Country
Table 09: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country
Table 10: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level
Table 11: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating
Table 12: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type
Table 13: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type
Table 14: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel
Table 15: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
Table 16: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
Table 17: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Voltage Level
Table 18: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Power Rating
Table 19: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Drive Type
Table 20: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Current Type
Table 21: Value(US$ million) and Volume (Units) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Sales Channel
Table 22: ValueVolume (Units) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
Table 23: Value(US$ million) Historical Data 2018 to 2023 and Forecast 2023 to 2033 By End-use Industry
List of Charts
Figure 01: Historical Volume (Units), 2018 to 2022
Figure 02: Volume (Units) Forecast, 2023 to 2033
Figure 03: Pricing Analysis By Product (US$/Unit), 2022
Figure 04: Volume Share (2022A), Product
Figure 05: Historical Value (US$ million), 2018 to 2022
Figure 06: Value (US$ million) Forecast, 2023 to 2033
Figure 07: Absolute $ Opportunity, 2022 - 2033
Figure 08: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 09: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 10: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 11: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 12: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 13: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 14: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 15: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 16: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 17: Incremental $ Opportunity by Voltage Level, 2023 to 2033
Figure 18: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 19: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 20: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 21: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 22: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 23: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 24: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 25: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 26: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 27: Incremental $ Opportunity by Power Rating, 2023 to 2033
Figure 28: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 29: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 30: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 31: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 32: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 33: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 34: Incremental $ Opportunity by Drive Type, 2023 to 2033
Figure 35: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 36: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 37: Industry Attractiveness by Current Type, 2023 to 2033
Figure 38: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 39: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 40: Industry Attractiveness by Current Type, 2023 to 2033
Figure 41: Incremental $ Opportunity by Current Type, 2023 to 2033
Figure 42: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033
Figure 43: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033
Figure 44: Industry Attractiveness by Sales Channel, 2023 to 2033
Figure 45: Incremental $ Opportunity by Sales Channel, 2023 to 2033
Figure 46: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 47: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 48: Industry Attractiveness by End-use Industry, 2023 to 2033
Figure 49: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 50: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 51: Industry Attractiveness by End-use Industry, 2023 to 2033
Figure 52: ANZ Incremental $ Opportunity by End-use Industry, 2023 to 2033
Figure 53: Revenue Share and BPS Analysis by Country - 2023 & 2033
Figure 54: Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 55: Industry Attractiveness by Country, 2023 to 2033
Figure 56: Incremental $ Opportunity By Country, 2023 to 2033
Figure 57: Share and BPS Analysis By Country, 2023 & 2033
Figure 58: Y-o-Y Growth Projections By Country, 2023 - 2033
Figure 59: Attractiveness Analysis By Country, 2023 - 2033
Figure 60: Incremental $ Opportunity By Country, 2023 to 2033
Figure 61: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 62: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 63: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 64: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 65: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 66: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 67: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 68: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 69: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 70: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 71: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 72: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 73: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 74: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 75: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 76: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 77: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 78: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 79: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 80: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 81: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 82: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 83: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 84: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 85: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 86: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 87: Industry Attractiveness by Current Type, 2023 to 2033
Figure 88: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 89: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 90: Industry Attractiveness by Current Type, 2023 to 2033
Figure 91: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033
Figure 92: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033
Figure 93: Industry Attractiveness by Sales Channel, 2023 to 2033
Figure 94: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 95: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 96: Industry Attractiveness by End-use Industry, 2023 to 2033
Figure 97: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 98: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 99: Industry Attractiveness by End-use Industry, 2023 to 2033
Figure 100: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 101: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 102: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 103: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 104: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 105: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 106: Revenue Share and BPS Analysis by Voltage Level - 2023 & 2033
Figure 107: Y-o-Y Growth Projections by Voltage Level, 2023 to 2033
Figure 108: Industry Attractiveness by Voltage Level, 2023 to 2033
Figure 109: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 110: Y-o-Y Growth Projections by Power Rating , 2023 to 2033
Figure 111: Industry Attractiveness by Power Rating , 2023 to 2033
Figure 112: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 113: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 114: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 115: Revenue Share and BPS Analysis by Power Rating - 2023 & 2033
Figure 116: Y-o-Y Growth Projections by Power Rating, 2023 to 2033
Figure 117: Industry Attractiveness by Power Rating, 2023 to 2033
Figure 118: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 119: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 120: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 121: Revenue Share and BPS Analysis Drive Type - 2023 & 2033
Figure 122: Y-o-Y Growth Projections by Drive Type, 2023 to 2033
Figure 123: Industry Attractiveness by Drive Type, 2023 to 2033
Figure 124: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 125: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 126: Industry Attractiveness by Current Type, 2023 to 2033
Figure 127: Revenue Share and BPS Analysis by Current Type, 2023 & 2033
Figure 128: Y-o-Y Growth Projections by Current Type, 2023 to 2033
Figure 129: Industry Attractiveness by Current Type, 2023 to 2033
Figure 130: Revenue Share and BPS Analysis Sales Channel - 2023 & 2033
Figure 131: Y-o-Y Growth Projections by Sales Channel, 2023 to 2033
Figure 132: Industry Attractiveness by Sales Channel, 2023 to 2033
Figure 133: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 134: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 135: Industry Attractiveness by End-use Industry, 2023 to 2033
Figure 136: Revenue Share and BPS Analysis by End-use Industry - 2023 & 2033
Figure 137: Y-o-Y Growth Projections by End-use Industry, 2023 to 2033
Figure 138: Industry Attractiveness by End-use Industry, 2023 to 2033
