Market Overview:
The global medium & high voltage motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market 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 medium & high voltage motors globally. Medium Voltage Motors: Medium voltage motors are witnessing significant adoption owing to their ability to offer superior performance as compared to low-voltage motors, especially in applications such as oil & gas and chemicals, power and energy, water & wastewater treatment, mining, cement industry, metallurgical industry and others. These applications account for a major share of the global medium voltage motor market and are expected to grow at a CAGR of 6% during the forecast period from 2018to 2030. High Voltage Motors: High voltage motors are used extensively in various industrial applications that require higher voltages than what is available through standard utility lines or generators. These include power generation (thermal power plants), transmission (high-voltage direct current [HVDC] systems), distribution (smart grids) and large loads such as elevators or cranes in factories or airports etc.). The application segments of high-voltage motor market include oil & gas and chemicals; power generation; water treatment; mining; cement production; metallurgy production among others .
Product Definition:
Medium voltage motors are typically used in industrial and commercial settings, while high voltage motors are used in larger applications such as factories and power plants. The importance of medium and high voltage motors is that they can handle more electricity than standard household or commercial-grade motors, allowing them to run bigger loads or more machines at once.
Medium Voltage Motors:
Medium voltage (MV) motors are used in various applications such as printing, copiers, medical equipment and other industrial machinery. MV motor market is expected to witness significant growth over the forecast period owing to increasing demand for energy-efficient products.
The global medium voltage (MV) motors market was valued at USD 4.5 billion in 2015.
High Voltage Motors:
High voltage motors (HVMs) are used in medium and high voltage motors market. HVMs have a higher power rating than standard voltage motors; therefore, they are used for applications that require high torque or speed.
The global high-voltage motor market size was valued at USD 3,348.1 million in 2016.
Application Insights:
The power and energy segment dominated the global medium & high voltage motors market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for clean energy across various industries such as wind, solar, and others. Increasing use of HVAC systems such as refrigerators, air conditioners, washing machines along with other electrical appliances has created a need for more electricity generation capacity which subsequently increased the demand for HVAC products thus driving the application segment.
The mining industry is anticipated to be one of the fastest growing segments over the forecast period owing to increasing investments by governments worldwide particularly in Latin America and Asia Pacific regions coupled with rising demand from emerging economies including India China Indonesia Thailand Vietnam Brazil Philippines Mexico that are investing heavily in developing their mineral resources thereby creating a huge requirement for electric equipment especially medium & high voltage motors that can operate at higher speeds without overheating thus providing an excellent opportunity for growth during this phase.
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 medium and high voltage motors in countries, such as China, India, Japan, South Korea, Taiwan and others. Increasing industrialization coupled with rising investments in infrastructure development is also anticipated to fuel product demand over the next eight years.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to large oil & gas reserves present across major countries of this region including Saudi Arabia and UAE which are amongst top 10 producers globally along with other smaller producing nations like Qatar and Oman. MEA has one of the highest population density rates globally which results into increased consumption of electricity per capita than most other regions thereby resulting into increased usage of M/HV motors as well M/Vs distribution systems across this region for domestic applications as well power generation applications requiring higher voltage levels than standard household standards within a country or city.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing investments in renewable energy sources
- Rising concerns over energy security and climate change
- Technological advancements in motor design and manufacturing processes
- Growing demand for electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium & High Voltage Motors Market Research Report
By Type
Medium Voltage Motors, High Voltage Motors
By Application
Oil & Gas and Chemicals, Power and Energy, Water & Wastewater Treatment, Mining, Cement Industry, Metallurgical Industry, Others
By Companies
Shanghai Electric, Wolong, Jiamusi Electric, XEMC, HYOSUNG, Siemens, ABB, TECO, TMEIC, Lanzhou Electric Machinery, Hitachi, SEC Electric Machinery Co.,Ltd, Zhongda Motor, Nidec Industrial
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Medium & High Voltage Motors Market Report Segments:
The global Medium & High Voltage Motors market is segmented on the basis of:
Types
Medium Voltage Motors, High Voltage Motors
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, Water & 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:
- Shanghai Electric
- Wolong
- Jiamusi Electric
- XEMC
- HYOSUNG
- Siemens
- ABB
- TECO
- TMEIC
- Lanzhou Electric Machinery
- Hitachi
- SEC Electric Machinery Co.,Ltd
- Zhongda Motor
- Nidec Industrial
Highlights of The Medium & High Voltage Motors 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:
- Medium Voltage Motors
- High Voltage Motors
- By Application:
- Oil & Gas and Chemicals
- Power and Energy
- Water & 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 Medium & High Voltage Motors 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Medium voltage motors are typically used in applications where a lower voltage is required, such as in small appliances. High voltage motors are typically used for larger applications, such as in industrial equipment.
Some of the major companies in the medium & high voltage motors market are Shanghai Electric, Wolong, Jiamusi Electric, XEMC, HYOSUNG, Siemens, ABB, TECO, TMEIC, Lanzhou Electric Machinery, Hitachi, SEC Electric Machinery Co.,Ltd, Zhongda Motor, Nidec Industrial.
The medium & high voltage motors 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 Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium & High Voltage Motors 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 Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size & Forecast, 2018-2028
4.5.1 Medium & High Voltage Motors Market Size and Y-o-Y Growth
4.5.2 Medium & High Voltage Motors Market Absolute $ Opportunity
Chapter 5 Global Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Type
5.2.1 Medium Voltage Motors
5.2.2 High Voltage Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Applications
6.2.1 Oil & Gas and Chemicals
6.2.2 Power and Energy
6.2.3 Water & 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 Medium & High Voltage Motors 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 Medium & High Voltage Motors 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 Medium & High Voltage Motors Analysis and Forecast
9.1 Introduction
9.2 North America Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Type
9.6.1 Medium Voltage Motors
9.6.2 High Voltage Motors
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 Medium & High Voltage Motors Market Size Forecast by Applications
9.10.1 Oil & Gas and Chemicals
9.10.2 Power and Energy
9.10.3 Water & 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 Medium & High Voltage Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Type
10.6.1 Medium Voltage Motors
10.6.2 High Voltage Motors
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 Medium & High Voltage Motors Market Size Forecast by Applications
10.10.1 Oil & Gas and Chemicals
10.10.2 Power and Energy
10.10.3 Water & 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 Medium & High Voltage Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Type
11.6.1 Medium Voltage Motors
11.6.2 High Voltage Motors
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 Medium & High Voltage Motors Market Size Forecast by Applications
11.10.1 Oil & Gas and Chemicals
11.10.2 Power and Energy
11.10.3 Water & 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 Medium & High Voltage Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Medium & High Voltage Motors 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 Medium & High Voltage Motors Market Size Forecast by Type
12.6.1 Medium Voltage Motors
12.6.2 High Voltage Motors
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 Medium & High Voltage Motors Market Size Forecast by Applications
12.10.1 Oil & Gas and Chemicals
12.10.2 Power and Energy
12.10.3 Water & 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) Medium & High Voltage Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medium & High Voltage Motors 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) Medium & High Voltage Motors Market Size Forecast by Type
13.6.1 Medium Voltage Motors
13.6.2 High Voltage Motors
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) Medium & High Voltage Motors Market Size Forecast by Applications
13.10.1 Oil & Gas and Chemicals
13.10.2 Power and Energy
13.10.3 Water & 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 Medium & High Voltage Motors Market: Competitive Dashboard
14.2 Global Medium & High Voltage Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shanghai Electric
14.3.2 Wolong
14.3.3 Jiamusi Electric
14.3.4 XEMC
14.3.5 HYOSUNG
14.3.6 Siemens
14.3.7 ABB
14.3.8 TECO
14.3.9 TMEIC
14.3.10 Lanzhou Electric Machinery
14.3.11 Hitachi
14.3.12 SEC Electric Machinery Co.,Ltd
14.3.13 Zhongda Motor
14.3.14 Nidec Industrial
