Market Overview:
The global high-voltage asynchronous motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable motors across various industries. Additionally, the growing awareness about energy conservation is also propelling the demand for high-voltage asynchronous motors globally. Based on type, squirrel-cage motors are expected to dominate the global high-voltage asynchronous motor market during the forecast period owing to their low cost and easy installation as compared to slip ring motors. However, slip ring motors are anticipated to witness higher growth rates in terms of revenue due their superior performance characteristics as compared squirrel cage motors. Based on application, oil & gas and chemicals segment is projected hold a dominant share in terms of revenue in global high voltage asynchronous motor market over next decade followed by power and energy segment .
Product Definition:
A high-voltage asynchronous motor is a type of alternating current motor that operates at a higher voltage than standard motors. This allows for the use of smaller wires and cables, which can improve efficiency and reduce costs. High-voltage asynchronous motors are commonly used in industrial applications where large amounts of power are required.
Squirrel-cage:
Squirrel-cage is a type of high voltage transformer core made up of aluminum and iron. It has no secondary winding, hence it can provide pure power to the windings without any loss. The primary side of the transformer uses normal air as a dielectric medium, whereas on the secondary side, there is an insulation-less air gap between two layers of magnetic fluxes which generate high voltage electricity by induction.
Slip-ring:
Slip rings are used in high-voltage asynchrous motors to provide a seal between windings of the motor and frame. They also help to maintain insulation properties of the windings. These slip rings are made from copper or aluminum and have an insulating layer between two metal layers, which helps in maintaining constant voltage supply across the winding even if there is any fluctuation in current flow through it.
Application Insights:
The power and energy segment accounted for the largest revenue share in 2016. The high-voltage asynchronus motor is widely used in wind turbines to reduce the weight of the blades, thereby increasing its generating capacity. Similarly, it is also used in photovoltaic (PV) modules to improve their efficiency by reducing their weight. High-voltage asynchronous motors are also used extensively within utility scale solar PV installations due to its ability to withstand extreme environmental conditions such as temperature and humidity without undergoing any damage or failure.
The oil & gas industry was one of the major application areas where HVAMs were utilized for various purposes including drilling, production storage tanks cleaning etc., owing to its extensive use across long distances with minimal loss due to transmission line losses which results into increased industrial productivity at a lower cost per unit output which eventually leads towards reduced prices for consumers ultimately providing benefits towards overall market growth over a longer period of time.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for HVAC motors in countries, such as China and India. In 2016, China was estimated to have had a manufacturing base of around 1 million high-voltage motors per year. Moreover, rising need for replacement or upgrading of existing infrastructure is anticipated to drive the demand in this region over the next eight years.
The Asia Pacific held a revenue share of more than 30% in 2016 owing to its large manufacturing base and growing industrial sector including oil & gas and power sectors across various countries including China, India, Japan, South Korea among others which are driving industry expansion at a significant pace over the coming years.
Europe accounted for more than 20% share of global revenue due to early adoption coupled with presence of major manufacturers across Germany.
Growth Factors:
- Increasing demand for energy-efficient and high-performance motors
- Growing investments in renewable energy sources
- Rising demand from the automotive sector
- Proliferation of electric vehicles
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
High-voltage Asynchronous Motor Market Research Report
By Type
Squirrel-cage, Slip-ring
By Application
Oil & Gas and Chemicals, Power and Energy, Wastewater Treatment, Mining, Cement Industry, Metallurgical Industry, Others
By Companies
ABB, WEG, Toshiba, Siemens, TECO, MENZEL Elektromotoren, Wolong, Shanghai Electric, Hyundai Electric, Nidec Industrial, HYOSUNG, TMEIC, VEM Group, Jeumont Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global High-voltage Asynchronous Motor Market Report Segments:
The global High-voltage Asynchronous Motor market is segmented on the basis of:
Types
Squirrel-cage, Slip-ring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas and Chemicals, Power and Energy, Wastewater Treatment, Mining, Cement Industry, Metallurgical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- WEG
- Toshiba
- Siemens
- TECO
- MENZEL Elektromotoren
- Wolong
- Shanghai Electric
- Hyundai Electric
- Nidec Industrial
- HYOSUNG
- TMEIC
- VEM Group
- Jeumont Electric
Highlights of The High-voltage Asynchronous Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Squirrel-cage
- Slip-ring
- By Application:
- Oil & Gas and Chemicals
- Power and Energy
- Wastewater Treatment
- Mining
- Cement Industry
- Metallurgical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-voltage Asynchronous Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-voltage asynchronous motor is a type of electric motor that uses electricity at voltages above the standard 120 volts used in most homes. These motors are often used in industrial applications, such as for powering machines that move heavy objects or for generating power for electrical equipment.
Some of the major players in the high-voltage asynchronous motor market are ABB, WEG, Toshiba, Siemens, TECO, MENZEL Elektromotoren, Wolong, Shanghai Electric, Hyundai Electric, Nidec Industrial, HYOSUNG, TMEIC, VEM Group, Jeumont Electric.
The high-voltage asynchronous motor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-voltage Asynchronous Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-voltage Asynchronous Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-voltage Asynchronous Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-voltage Asynchronous Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-voltage Asynchronous Motor Market Size & Forecast, 2020-2028
4.5.1 High-voltage Asynchronous Motor Market Size and Y-o-Y Growth
4.5.2 High-voltage Asynchronous Motor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Squirrel-cage
5.2.2 Slip-ring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas and Chemicals
6.2.2 Power and Energy
6.2.3 Wastewater Treatment
6.2.4 Mining
6.2.5 Cement Industry
6.2.6 Metallurgical Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-voltage Asynchronous Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-voltage Asynchronous Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Squirrel-cage
9.6.2 Slip-ring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas and Chemicals
9.10.2 Power and Energy
9.10.3 Wastewater Treatment
9.10.4 Mining
9.10.5 Cement Industry
9.10.6 Metallurgical Industry
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Squirrel-cage
10.6.2 Slip-ring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas and Chemicals
10.10.2 Power and Energy
10.10.3 Wastewater Treatment
10.10.4 Mining
10.10.5 Cement Industry
10.10.6 Metallurgical Industry
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Squirrel-cage
11.6.2 Slip-ring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas and Chemicals
11.10.2 Power and Energy
11.10.3 Wastewater Treatment
11.10.4 Mining
11.10.5 Cement Industry
11.10.6 Metallurgical Industry
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Squirrel-cage
12.6.2 Slip-ring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas and Chemicals
12.10.2 Power and Energy
12.10.3 Wastewater Treatment
12.10.4 Mining
12.10.5 Cement Industry
12.10.6 Metallurgical Industry
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Squirrel-cage
13.6.2 Slip-ring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas and Chemicals
13.10.2 Power and Energy
13.10.3 Wastewater Treatment
13.10.4 Mining
13.10.5 Cement Industry
13.10.6 Metallurgical Industry
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-voltage Asynchronous Motor Market: Competitive Dashboard
14.2 Global High-voltage Asynchronous Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 WEG
14.3.3 Toshiba
14.3.4 Siemens
14.3.5 TECO
14.3.6 MENZEL Elektromotoren
14.3.7 Wolong
14.3.8 Shanghai Electric
14.3.9 Hyundai Electric
14.3.10 Nidec Industrial
14.3.11 HYOSUNG
14.3.12 TMEIC
14.3.13 VEM Group
14.3.14 Jeumont Electric
