India's hottest medium voltage inverter market gro

2022-07-27
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India's medium voltage inverter market is growing steadily

India is one of the most important medium voltage inverter markets in Asia. Most of the leading global companies have expanded their business to India, thus driving the demand for industrial automation control systems such as medium voltage frequency converters. Indian manufacturing enterprises need to produce more complex and perfect products to continuously climb up the value chain, which will further promote the market demand for control systems. India is one of the most important markets for medium voltage inverter in Asia. Most of the leading global companies have expanded their business to India, thus driving the demand for industrial automation control systems such as medium voltage frequency converters. Indian manufacturing enterprises need to produce more complex and perfect products to continuously climb up the value chain, which will further promote the market demand for control systems. Despite the impact of the global financial crisis and the decline in domestic demand, India's medium voltage inverter market grew steadily last year, according to the latest arc Research Report

the growth of the overall medium voltage inverter market benefits from many different industries, including power generation, cement and glass, mining and metals, plastics and rubber, oil and gas, and water and sewage treatment

main drivers: energy and power infrastructure

arc believes that the development of India's medium voltage inverter market will be better than the global growth level, and the CAGR of () in the forecast period will be close to 10.5%. The growth of medium voltage inverter market is mainly due to the positive impact of large consumption in mining and energy related industries. India aims to increase more than 80, 000 MW in the next five years (), including booth location, sampling varieties, sampling time, test results, etc., which will promote the development of medium voltage inverter business in India

at the same time, energy intensive industries, such as cement, metal and mining, oil and gas, will increase investment in automation equipment, including medium voltage frequency converters and frequency converters of other specifications, which are important tools to help users achieve energy-saving goals

India's industrial growth is entering a new stage. Although many BtoB (business to business) manufacturers are good at developing products with good performance parameters that are requested by customers in advance, energy efficiency and conservation are the key to future development. India is investing heavily in the power battery of new energy vehicles. In the process of using the battery, it faces high battery prices, too long charging time, short endurance mileage, poor environmental versatility, power infrastructure and manufacturing. At the same time, it pays attention to the cost reduction caused by energy conservation and renewable energy. These are positive factors for the long-term growth of India's medium voltage inverter market. Napathiraman, co-author of the India Market Research Report on MV AC drives, analyzed

this report makes an in-depth analysis of the Indian medium voltage inverter market. In addition to market analysis and forecast, the report also covers the current market segmentation, strategic planning and future outlook, and also emphasizes the objective factors and changes affecting the Indian medium voltage inverter market

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