The global market for Industrial MV and HV Inverter was estimated to be worth US$ 9167 million in 2024 and is forecast to a readjusted size of US$ 11097 million by 2031 with a CAGR of 2.7% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Industrial MV and HV Inverter cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Industrial MV and HV Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source. High and medium voltage inverters usually refer to high-power inverters with voltage levels above 690V.
The Industrial Medium Voltage (MV) and High Voltage (HV) Inverter Market has been growing steadily due to increasing industrial automation, the rise of renewable energy sources, and the demand for energy-efficient solutions. The growth of solar and wind energy systems has significantly boosted the demand for MV and HV inverters. As renewable energy sources are increasingly integrated into the grid, the need for efficient power conversion systems becomes critical. As industrial and commercial sectors seek reliable energy storage solutions, MV and HV inverters are integral in managing the flow of power between storage systems (e.g., batteries) and the grid. In manufacturing and other industrial sectors, the need for energy-efficient electric motor drives has driven demand for MV inverters. These inverters are used in variable-speed drives (VSDs) for applications such as pumps, fans, compressors, and conveyors. As industries focus on electric vehicle (EV) manufacturing, the demand for efficient inverters capable of handling high voltages increases. These inverters are used in electric vehicle charging stations and EV powertrains. Advances in power electronics, control systems, and semiconductor technologies (like Silicon Carbide - SiC and Gallium Nitride - GaN) have enabled the development of more efficient and compact MV and HV inverters. These technologies improve the overall performance and efficiency of inverters, reducing losses and increasing reliability. Governments worldwide are implementing stricter energy efficiency standards and environmental regulations, pushing industries to adopt energy-efficient technologies, including MV and HV inverters. The Industrial MV and HV Inverter market is evolving rapidly, driven by the ongoing energy transition, industrial automation, and increasing investments in renewable energy. Although there are challenges such as high initial costs and complex system integration, the benefits of efficiency, scalability, and grid reliability make MV and HV inverters essential components for modern industrial and energy applications.
This report aims to provide a comprehensive presentation of the global market for Industrial MV and HV Inverter, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Industrial MV and HV Inverter by region & country, by Type, and by Application.
The Industrial MV and HV Inverter market size, estimations, and forecasts are provided in terms of sales volume (Unit) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial MV and HV Inverter.
Market Segmentation
By Company
- ABB
- Siemens
- Rockwell Automation
- Yaskawa Electric
- Danfoss
- Inovance Technology
- Schneider Electric
- Fuji Electric
- Delta Electronics
- TMEIC
- TECO
- GE Power Conversion
- INVT
- Wolong Holding
- Hitachi
- Hiconics
- Xinfengguang
- VEICHI
- Nidec
- Nancal Technology
- Slanvert
Segment by Type
- Below 3kv Inverter
- 3-6kv Inverter
- 6-10kv Inverter
- Above 10kv Inverter
Segment by Application
- Power and Energy
- Mining
- Metallurgy
- Oil and Chemical
- Municipal
- Other
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Industrial MV and HV Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Industrial MV and HV Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Industrial MV and HV Inverter in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Industrial MV and HV Inverter Product Introduction
- 1.2 Global Industrial MV and HV Inverter Market Size Forecast
- 1.2.1 Global Industrial MV and HV Inverter Sales Value (2020-2031)
- 1.2.2 Global Industrial MV and HV Inverter Sales Volume (2020-2031)
- 1.2.3 Global Industrial MV and HV Inverter Sales Price (2020-2031)
- 1.3 Industrial MV and HV Inverter Market Trends & Drivers
- 1.3.1 Industrial MV and HV Inverter Industry Trends
- 1.3.2 Industrial MV and HV Inverter Market Drivers & Opportunity
- 1.3.3 Industrial MV and HV Inverter Market Challenges
- 1.3.4 Industrial MV and HV Inverter Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Industrial MV and HV Inverter Players Revenue Ranking (2024)
- 2.2 Global Industrial MV and HV Inverter Revenue by Company (2020-2025)
- 2.3 Global Industrial MV and HV Inverter Players Sales Volume Ranking (2024)
- 2.4 Global Industrial MV and HV Inverter Sales Volume by Company Players (2020-2025)
- 2.5 Global Industrial MV and HV Inverter Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Industrial MV and HV Inverter Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Industrial MV and HV Inverter Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Industrial MV and HV Inverter
- 2.9 Industrial MV and HV Inverter Market Competitive Analysis
- 2.9.1 Industrial MV and HV Inverter Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Industrial MV and HV Inverter Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial MV and HV Inverter as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Below 3kv Inverter
- 3.1.2 3-6kv Inverter
- 3.1.3 6-10kv Inverter
- 3.1.4 Above 10kv Inverter
- 3.2 Global Industrial MV and HV Inverter Sales Value by Type
- 3.2.1 Global Industrial MV and HV Inverter Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Industrial MV and HV Inverter Sales Value, by Type (2020-2031)
- 3.2.3 Global Industrial MV and HV Inverter Sales Value, by Type (%) (2020-2031)
- 3.3 Global Industrial MV and HV Inverter Sales Volume by Type
- 3.3.1 Global Industrial MV and HV Inverter Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Industrial MV and HV Inverter Sales Volume, by Type (2020-2031)
- 3.3.3 Global Industrial MV and HV Inverter Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Industrial MV and HV Inverter Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Power and Energy
- 4.1.2 Mining
- 4.1.3 Metallurgy
- 4.1.4 Oil and Chemical
- 4.1.5 Municipal
- 4.1.6 Other
- 4.2 Global Industrial MV and HV Inverter Sales Value by Application
- 4.2.1 Global Industrial MV and HV Inverter Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Industrial MV and HV Inverter Sales Value, by Application (2020-2031)
- 4.2.3 Global Industrial MV and HV Inverter Sales Value, by Application (%) (2020-2031)
- 4.3 Global Industrial MV and HV Inverter Sales Volume by Application
- 4.3.1 Global Industrial MV and HV Inverter Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Industrial MV and HV Inverter Sales Volume, by Application (2020-2031)
- 4.3.3 Global Industrial MV and HV Inverter Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Industrial MV and HV Inverter Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Industrial MV and HV Inverter Sales Value by Region
- 5.1.1 Global Industrial MV and HV Inverter Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Industrial MV and HV Inverter Sales Value by Region (2020-2025)
- 5.1.3 Global Industrial MV and HV Inverter Sales Value by Region (2026-2031)
- 5.1.4 Global Industrial MV and HV Inverter Sales Value by Region (%), (2020-2031)
- 5.2 Global Industrial MV and HV Inverter Sales Volume by Region
- 5.2.1 Global Industrial MV and HV Inverter Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Industrial MV and HV Inverter Sales Volume by Region (2020-2025)
- 5.2.3 Global Industrial MV and HV Inverter Sales Volume by Region (2026-2031)
- 5.2.4 Global Industrial MV and HV Inverter Sales Volume by Region (%), (2020-2031)
- 5.3 Global Industrial MV and HV Inverter Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Industrial MV and HV Inverter Sales Value, 2020-2031
- 5.4.2 North America Industrial MV and HV Inverter Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Industrial MV and HV Inverter Sales Value, 2020-2031
- 5.5.2 Europe Industrial MV and HV Inverter Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Industrial MV and HV Inverter Sales Value, 2020-2031
- 5.6.2 Asia Pacific Industrial MV and HV Inverter Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Industrial MV and HV Inverter Sales Value, 2020-2031
- 5.7.2 South America Industrial MV and HV Inverter Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Industrial MV and HV Inverter Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Industrial MV and HV Inverter Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Industrial MV and HV Inverter Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Industrial MV and HV Inverter Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Industrial MV and HV Inverter Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.3.2 United States Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.4.2 Europe Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.5.2 China Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.6.2 Japan Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.7.2 South Korea Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.8.2 Southeast Asia Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Industrial MV and HV Inverter Sales Value, 2020-2031
- 6.9.2 India Industrial MV and HV Inverter Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Industrial MV and HV Inverter Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 ABB
- 7.1.1 ABB Company Information
- 7.1.2 ABB Introduction and Business Overview
- 7.1.3 ABB Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 ABB Industrial MV and HV Inverter Product Offerings
- 7.1.5 ABB Recent Development
- 7.2 Siemens
- 7.2.1 Siemens Company Information
- 7.2.2 Siemens Introduction and Business Overview
- 7.2.3 Siemens Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Siemens Industrial MV and HV Inverter Product Offerings
- 7.2.5 Siemens Recent Development
- 7.3 Rockwell Automation
- 7.3.1 Rockwell Automation Company Information
- 7.3.2 Rockwell Automation Introduction and Business Overview
- 7.3.3 Rockwell Automation Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Rockwell Automation Industrial MV and HV Inverter Product Offerings
- 7.3.5 Rockwell Automation Recent Development
- 7.4 Yaskawa Electric
- 7.4.1 Yaskawa Electric Company Information
- 7.4.2 Yaskawa Electric Introduction and Business Overview
- 7.4.3 Yaskawa Electric Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Yaskawa Electric Industrial MV and HV Inverter Product Offerings
- 7.4.5 Yaskawa Electric Recent Development
- 7.5 Danfoss
- 7.5.1 Danfoss Company Information
- 7.5.2 Danfoss Introduction and Business Overview
- 7.5.3 Danfoss Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Danfoss Industrial MV and HV Inverter Product Offerings
- 7.5.5 Danfoss Recent Development
- 7.6 Inovance Technology
- 7.6.1 Inovance Technology Company Information
- 7.6.2 Inovance Technology Introduction and Business Overview
- 7.6.3 Inovance Technology Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Inovance Technology Industrial MV and HV Inverter Product Offerings
- 7.6.5 Inovance Technology Recent Development
- 7.7 Schneider Electric
- 7.7.1 Schneider Electric Company Information
- 7.7.2 Schneider Electric Introduction and Business Overview
- 7.7.3 Schneider Electric Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Schneider Electric Industrial MV and HV Inverter Product Offerings
- 7.7.5 Schneider Electric Recent Development
- 7.8 Fuji Electric
- 7.8.1 Fuji Electric Company Information
- 7.8.2 Fuji Electric Introduction and Business Overview
- 7.8.3 Fuji Electric Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Fuji Electric Industrial MV and HV Inverter Product Offerings
- 7.8.5 Fuji Electric Recent Development
- 7.9 Delta Electronics
- 7.9.1 Delta Electronics Company Information
- 7.9.2 Delta Electronics Introduction and Business Overview
- 7.9.3 Delta Electronics Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Delta Electronics Industrial MV and HV Inverter Product Offerings
- 7.9.5 Delta Electronics Recent Development
- 7.10 TMEIC
- 7.10.1 TMEIC Company Information
- 7.10.2 TMEIC Introduction and Business Overview
- 7.10.3 TMEIC Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 TMEIC Industrial MV and HV Inverter Product Offerings
- 7.10.5 TMEIC Recent Development
- 7.11 TECO
- 7.11.1 TECO Company Information
- 7.11.2 TECO Introduction and Business Overview
- 7.11.3 TECO Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 TECO Industrial MV and HV Inverter Product Offerings
- 7.11.5 TECO Recent Development
- 7.12 GE Power Conversion
- 7.12.1 GE Power Conversion Company Information
- 7.12.2 GE Power Conversion Introduction and Business Overview
- 7.12.3 GE Power Conversion Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 GE Power Conversion Industrial MV and HV Inverter Product Offerings
- 7.12.5 GE Power Conversion Recent Development
- 7.13 INVT
- 7.13.1 INVT Company Information
- 7.13.2 INVT Introduction and Business Overview
- 7.13.3 INVT Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 INVT Industrial MV and HV Inverter Product Offerings
- 7.13.5 INVT Recent Development
- 7.14 Wolong Holding
- 7.14.1 Wolong Holding Company Information
- 7.14.2 Wolong Holding Introduction and Business Overview
- 7.14.3 Wolong Holding Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Wolong Holding Industrial MV and HV Inverter Product Offerings
- 7.14.5 Wolong Holding Recent Development
- 7.15 Hitachi
- 7.15.1 Hitachi Company Information
- 7.15.2 Hitachi Introduction and Business Overview
- 7.15.3 Hitachi Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Hitachi Industrial MV and HV Inverter Product Offerings
- 7.15.5 Hitachi Recent Development
- 7.16 Hiconics
- 7.16.1 Hiconics Company Information
- 7.16.2 Hiconics Introduction and Business Overview
- 7.16.3 Hiconics Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Hiconics Industrial MV and HV Inverter Product Offerings
- 7.16.5 Hiconics Recent Development
- 7.17 Xinfengguang
- 7.17.1 Xinfengguang Company Information
- 7.17.2 Xinfengguang Introduction and Business Overview
- 7.17.3 Xinfengguang Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Xinfengguang Industrial MV and HV Inverter Product Offerings
- 7.17.5 Xinfengguang Recent Development
- 7.18 VEICHI
- 7.18.1 VEICHI Company Information
- 7.18.2 VEICHI Introduction and Business Overview
- 7.18.3 VEICHI Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 VEICHI Industrial MV and HV Inverter Product Offerings
- 7.18.5 VEICHI Recent Development
- 7.19 Nidec
- 7.19.1 Nidec Company Information
- 7.19.2 Nidec Introduction and Business Overview
- 7.19.3 Nidec Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Nidec Industrial MV and HV Inverter Product Offerings
- 7.19.5 Nidec Recent Development
- 7.20 Nancal Technology
- 7.20.1 Nancal Technology Company Information
- 7.20.2 Nancal Technology Introduction and Business Overview
- 7.20.3 Nancal Technology Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Nancal Technology Industrial MV and HV Inverter Product Offerings
- 7.20.5 Nancal Technology Recent Development
- 7.21 Slanvert
- 7.21.1 Slanvert Company Information
- 7.21.2 Slanvert Introduction and Business Overview
- 7.21.3 Slanvert Industrial MV and HV Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.21.4 Slanvert Industrial MV and HV Inverter Product Offerings
- 7.21.5 Slanvert Recent Development
8 Industry Chain Analysis
- 8.1 Industrial MV and HV Inverter Industrial Chain
- 8.2 Industrial MV and HV Inverter Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Industrial MV and HV Inverter Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Industrial MV and HV Inverter Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer