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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Medium Voltage Motor Market Outlook
In the forecast period of 2024-2032, the global medium voltage motor market size is expected to grow at a CAGR of around 5%. The growth of medium-voltage drives and distribution systems are projected to contribute to the industry growth opportunities over the coming years.
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Properties and Applications
Medium voltage motors industry can be divided into segments like products and end-use.
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AC and DC motors are the major types of medium voltage motors available in the market. The industry can be broadly categorised on the basis of its end-use into:
- Process Industries
- Discrete Industries
- HVAC
- Others
The EMR report looks into the regional markets of medium voltage motors like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The medium voltage motor industry owes its growth to the efficient engineering of the motor which makes it economical to use. The growing demand for energy efficient motors is also contributing to the industry growth.
The AC type dominates the industry due their comparatively superior cooling efficiency as compared to DC motors. Regionally, the Asia Pacific is a major industry for medium voltage motors and is being driven by the rising industrialisation and rapidly growing population in the region.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global medium voltage motor industry, looking into their capacity, competitive landscape, and latest developments like plant turnarounds, capacity expansions, and mergers and acquisitions:
- Menzel Elektromotoren GmbH
- Brook Crompton UK Ltd
- Regal Beloit Corporation
- Toshiba International Corporation
- Hoyer Motors
- Bharat Bijlee Limited (BBL)
- Baldor Electric Company, Inc.
- Johnson Electric Holdings Ltd.
- Rockwell Automation Inc.
- Ametek, Inc.
- Allied Motion Technologies Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global medium voltage motor market is projected to grow at a CAGR of 5% between 2024 and 2032.
The industry is being driven by the growing demand for energy-efficient motors, shifting focus towards innovative technology, growing uptake of low and medium voltage motors by the electronics and automotive industries, and increasing number of power generation, water and wastewater treatment, steel, cement plants.
The key trends augmenting the growth of the market are rapid industrialisation and population growth.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for a significant share in the market.
AC-motors is the dominant product in the industry.
The leading end-uses in the industry are process industries, discrete industries, and HVAC.
The major players in the industry are Menzel Elektromotoren GmbH, Brook Crompton UK Ltd, Regal Beloit Corporation, Toshiba International Corporation, Hoyer Motors, Bharat Bijlee Limited (BBL), Baldor Electric Company, Inc., Johnson Electric Holdings Ltd., Rockwell Automation Inc., Ametek, Inc., Allied Motion Technologies Inc.and Others.
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