Global Medium Voltage Motors Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

The global medium voltage motors market is seeing an increasing demand for energy-efficient solutions. As industries and consumers focus on reducing energy consumption, complying with environmental standards, and cutting long-term costs, there is a growing preference for energy-efficient motors. This trend is being driven by regulatory requirements and sustainability objectives across various sectors. In December 2023, Power Electronics launched the XMV670K medium-voltage frequency drive, which offers a compact design with high power density. This innovative product enhances energy efficiency, reduces operational costs, and improves sustainability across industrial applications.

The incorporation of automation and IoT technologies is significantly changing the dynamics of the medium voltage motors market. These technologies allow real-time monitoring, predictive maintenance, and increased operational efficiency, enabling industries to optimise performance, reduce downtime, and boost productivity. As a result, demand for advanced medium voltage motors is growing. In July 2023, Siemens AG’s subsidiary, Innomotics, launched a new company focused on motors and large drives. Based in Nuremberg, Germany, it offers a range of low-to-high-voltage motors and medium-voltage converters, aiming to drive innovation and sustainability in the industry.

The rapid growth of industrial infrastructure, especially in emerging economies, is contributing to the increased demand for medium voltage motors. Investments in sectors such as manufacturing, mining, and energy are pushing the need for reliable, high-powered motors to support large-scale operations. In October 2020, WEG introduced the W12 motor, specifically designed for applications like gearboxes and pumps. This motor is known for its versatility with interchangeable feet, a lightweight design, and high-performance efficiency (IE3). It also has an IP55 rating for dust and water protection, offering 2, 4, and 6-pole options for both single and three-phase power.

As the world moves toward renewable energy sources, medium voltage motors are becoming increasingly essential in projects such as wind and solar power systems. These motors are integral to the operation of equipment like pumps, generators, and turbines, driving their demand in sustainable energy applications. In March 2022, Kirloskar Oil Engines Ltd (KOEL) launched high-efficiency low voltage electric motors designed for various industrial applications. The motors, made with high-grade copper wire and tested for superior performance, help reduce power consumption. This launch marks KOEL’s expansion into the electric motors market, further strengthening its global presence and product offerings.