NEW YORK, Nov. 8, 2021 /PRNewswire/ -- The medium voltage motors market size is anticipated to grow by USD 1.12 bn, progressing at a CAGR of 4.56% during the forecast period. Technavio's latest research report offers a comprehensive analysis of new product launches and the latest trends.
Read Our Free Sample Report to explore growth opportunities in the medium voltage motors market.
Market Dynamics
The medium voltage motors market is driven by factors such as the revival of CAPEX cycle in the energy sector, rising focus on energy efficiency due to high power consumption of industrial motors, and the robust growth of process industries such as cement, steel, water, and wastewater. However, the need for several changes when installing medium voltage motors and limited technical knowledge about the connection and maintenance of medium voltage motors are some of the major challenges in the market.
Company Profiles
The medium voltage motors market report provides complete insights on key vendors, including ABB Ltd., General Electric Co., Nidec Corp., Regal Beloit Corp., SEC Holding Co. Ltd., SEVA-tec GmbH, TECO Electric and Machinery Co. Ltd., Toshiba Corp., WEG Equipamentos Eletricos SA, and Wolong Electric Group.
Competitive Analysis
The competitive scenario provided in the medium voltage motors market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
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By product, the market is classified into AC motors and DC motors. The AC motors segment contributes the largest share of the market.
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By geography, the market is classified into APAC, North America, Europe, MEA, and South America. APAC will have the largest share of the market during the forecast period.
Regional Analysis
APAC will account for 49% of the medium voltage motors market growth during the forecast period. Moreover, China, Japan, and India will be the key countries in the market in APAC. The growth of the population and the rising disposable incomes of people are increasing investments in the power generation, steel and cement, and water and wastewater industries. These factors are accelerating the growth of the medium voltage motors market growth in APAC. The market share growth of the medium voltage motors market in APAC will be faster than the growth of the market in other regions.
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Low Voltage Motors Market: The low voltage motors market has been segmented by end-user (process industries, discrete industries, and HVAC), type (IE2, IE1, IE3, and IE4), and geography (APAC, North America, Europe, MEA, and South America). Download Free Sample Report
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High-voltage Power Cable Market: The high-voltage power cable market has been segmented by product (high-voltage and extra-high voltage) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
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Medium Voltage Motors Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.56% |
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Market growth 2021-2025 |
USD 1.12 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.70 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 49% |
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Key consumer countries |
China, Germany, Japan, US, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., General Electric Co., Nidec Corp., Regal Beloit Corp., SEC Holding Co. Ltd., SEVA-tec GmbH, TECO Electric and Machinery Co. Ltd., Toshiba Corp., WEG Equipamentos Eletricos SA, and Wolong Electric Group |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
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Market ecosystem
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Value chain analysis
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