Medium Voltage Drive Energy Efficiency: Reducing Operational Costs and Carbon Footprint
The global medium voltage drives market size is likely to be valued at US$4.6 billion in 2025 and is projected to reach US$6.6 billion by 2032, growing at a CAGR of 5.5% between 2025 and 2032. The increasing demand for industrial automation, stringent energy efficiency regulations, and the growing adoption of renewable energy integration systems across various industries underscore the need for medium voltage drives.