Power Magnetics for MV AC Drive Market Trend, Analysis, Drivers, Restraints, Company Profiles and Forecast by 2027
Posted on Sep 24 2021 6:13 AM
"Power Magnetics for MV AC Drive Market Size, Share & Covid-19 Impact Analysis, By Type (Transformers, Inductors, Filters, Chokes, and Current Sensors), By Application (Pumps, Conveyors, Compressors, Electric Fans, Extruders, and Others), By End-user (Oil & Gas, Power Generation, Food & Beverages, Building Automation, Metal & Mining, Water & Wastewater, Chemicals & Petrochemicals, and Others), and Regional Forecast, 2020-2027 "
The global power magnetics for MV AC drive market size is expected to showcase exponential growth by reaching USD 1.48 billion by 2027 while exhibiting a CAGR of 5.4% between 2020 and 2027. The growth is attributable to the favorable government policies supporting green energy applications and the rapid-paced urbanization that is anticipated to surge the adoption of advanced power magnetics for MV AC drive products globally. Fortune Business Insights in its latest report, titled, “Power Magnetics for MV AC Drive Market Size, Share & Covi-19 Impact Analysis, By Type (Transformers, Inductors, Filters, Chokes, and Current Sensors), By Application (Pumps, Conveyors, Compressors, Electric Fans, Extruders, and Others), By End-user (Oil & Gas, Power Generation, Food & Beverages, Building Automation, Metal & Mining, Water & Wastewater, Chemicals & Petrochemicals, and Others), and Regional Forecast, 2020-2027.”, mentions that the market stood at USD 1.07 billion in 2019 and is likely to exhibit a CAGR of 5.4% between 2020 and 2027.
What does the Report Provide?
The Power Magnetics for MV AC Drive Market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis to obtain information about the current trends and industry developments that will drive the Power Magnetics for MV AC Drive Market growth between 2020 and 2027.
Some of the Key Questions Answered in this Report:
- Detailed Overview of Power Magnetics for MV AC Drive Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global Power Magnetics for MV AC Drive Market?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Power Magnetics for MV AC Drive Market demand?
Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of Power Magnetics for MV AC Drive Market Share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Favorable Government Policies to Favor Market Growth
The increasing demand for clean energy sources has led to several government agencies formulating supportive policies to promote clean energy sources. The growing demand for clean energy applications is expected to drive advanced power magnetics for MV AC drive systems across the globe. Furthermore, the increasing rate of urbanization propels the demand for energy that is likely to bode well for the global power magnetics for MV AC drive market growth in the forthcoming years.
Facility Expansion by Key Players to Develop Advanced Drives
The global power magnetics for MV AC drive market is experiencing healthy competition amongst several players positioned to gain dominance. These players are focusing on expanding their facilities into developing and innovative advanced systems to serve several end-user applications. Moreover, to maintain their presence in the global market for power magnetics for MV AC drive, other key players adopt strategies such as merger and acquisition, the introduction of new products, and collaboration that will augment market growth in the forthcoming years.
- March 2020 - Schaffner holding AG unveiled ecosine max passive harmonic filter series, FN3470/71, FN3480/81, FN3472/73, and FN3482/83. According to the company, the new filters are generally designed to mitigate excessive harmonics across most demanding applications. Additionally, they meet the compliance requirements of IEEE-519 and other power quality standards.
List of the Companies Profiled in the Global Market for Power Magnetics for MV AC Drive:
- Schaffner Holding AG
- Tamura Corporation
- AQ trafotek Oy
- Hans von Mangoldt GmbH
- Bourns, Inc.
- RoMan Manufacturing, Inc.
- Hammond Power Solutions
- Controlled Magnetics, Inc.
- TCI, LLC
- Badger Magnetics, Inc.
- MGM Transformer Company
- L/C Magnetics
Quick Buy – Power Magnetics for MV AC Drive Market Research Report:
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