Market Overview:
The global medium and 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 motors across different industries. Additionally, the growing awareness about the benefits of using energy-efficient motors is also contributing to the growth of this market. The global medium and high voltage motors market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into AC Motors (single phase and three phase) and DC Motors (brushed and brushless). The AC Motors segment is expected to dominate this market during the forecast period owing to their higher efficiency as compared to DC Motors. On the basis of application, it can be classified into automotive, HVAC equipment, industrial machinery, aerospace & transportation, and others.
Product Definition:
Medium Voltage Motors: A medium voltage motor is a type of electric motor that is designed to operate at voltages typically between 600 and 3,000 volts. These motors are used in a wide variety of applications, including industrial and commercial settings.
High Voltage Motors: A high voltage motor is a type of electric motor that is designed to operate at voltages typically above 3,000 volts. These motors are used in a wide variety of applications, including industrial and commercial settings.
AC Motors(Single Phase and Three Phase):
AC motors are of two types single phase and three phase. Single-phase AC motor has only one electrical windings while the three-phase type has three electrical windings. The number of phases is determined by the power supply used such as 220V, 230V, 240V or even more voltage like 270 & 380V.
The main factors driving this market include growing demand for electric vehicles (EV), growth in end use industries such as construction equipment industry.
DC Motors(Brushed and Brushless):
DC motors are the most common type of electric motor and they are used in a wide range of applications from small appliances to large industrial equipment. They have several advantages over their counterparts, such as AC motors including low cost and low maintenance. DC brushless motors offer higher efficiency, reliability, safety & environmental compliance along with operating at lower speeds than brushed variants.
Application Insights:
The automotive segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. Medium and high voltage motors are used in various automotive applications such as power trains, engine, transmission, lighting systems, HVAC (heating ventilation & cooling), electronic stability control system and others. The increasing demand for electric vehicles is expected to drive the growth of the market over the forecast period.
The industrial machinery segment was valued at USD 1.5 billion in 2017 owing to rising use of medium or heavy-duty industrial equipment such as material handling systems that require a considerable amount of torque from electric motors with higher rotational speeds along with durability required for long-term operations without maintenance visits or breakdowns. Medium voltage motor drives have been witnessing significant adoption across several industries including construction materials handling; warehouse automation; mining; food processing; textiles etc.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for medium and high voltage motors in industrial, commercial, and residential applications. Increasing number of manufacturing facilities in emerging economies such as China, India, Japan are anticipated to boost product demand across industries including automotive, aerospace & defense (AD), construction equipment etc.
The Asia Pacific region is characterized by presence of key manufacturers with extensive production capabilities along with large customer base. Some of these companies are Sanyo Electric Co., Ltd.; Furukawa Electric Co., Ltd.; Panasonic Corporation; Mitsubishi Heavy Industries Limited; Yaskawa Electric Corporation; Shindengen electric motor co., LTD.; Toshiba Machine Tools Europe GmbH & Co. KG; Siemens AG; Johnson Controls Inc.; Hyundai Mobis Technics Indonesia Tbk PTDI); Samsung C&T Corp.; LG Electronics Inc.).
Growth Factors:
- Increasing demand from the automotive industry: The global automotive market is expected to grow at a CAGR of around 4% during the forecast period. This is owing to the increasing demand for passenger cars and commercial vehicles in emerging economies such as China, India, and Brazil. This is expected to drive the growth of the medium and high voltage motors market during the forecast period.
- Growing investments in renewable energy: The global installed capacity of renewable energy has been growing at a rapid pace in recent years due to concerns about climate change and rising energy costs. This is expected to drive the growth of medium and high voltage motors market during the forecast period.
- Rising demand for electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and fuel efficiency as compared with traditional gasoline-powered vehicles. This is expected to drive growth of medium and high voltage motors market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium and High Voltage Motors Market Research Report
By Type
AC Motors(Single Phase and Three Phase), DC Motors(Brushed and Brushless)
By Application
Automotive, HVAC Equipment, Industrial Machinery, Aerospace & Transportation, Others
By Companies
Baldor Electric, Brook Crompton, Danaher Motion, Franklin Electric, Johnson Electric Holdings, Regal Beloit, Rockwell Automation, Siemens, Asmo, Ametek, Allied Motion Technologies
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Medium and High Voltage Motors Market Report Segments:
The global Medium and High Voltage Motors market is segmented on the basis of:
Types
AC Motors(Single Phase and Three Phase), DC Motors(Brushed and Brushless)
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
Automotive, HVAC Equipment, Industrial Machinery, Aerospace & Transportation, 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:
- Baldor Electric
- Brook Crompton
- Danaher Motion
- Franklin Electric
- Johnson Electric Holdings
- Regal Beloit
- Rockwell Automation
- Siemens
- Asmo
- Ametek
- Allied Motion Technologies
Highlights of The Medium and 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:
- AC Motors(Single Phase and Three Phase)
- DC Motors(Brushed and Brushless)
- By Application:
- Automotive
- HVAC Equipment
- Industrial Machinery
- Aerospace & Transportation
- 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 and 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
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- Consumer Insights
- Understanding Competition Scenario
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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?
Medium voltage motors are typically used in applications where a lower voltage is required, such as in small appliances or toys. High voltage motors are typically used in industrial and commercial applications where a higher voltage is needed, such as for power tools or electric vehicles.
Some of the key players operating in the medium and high voltage motors market are Baldor Electric, Brook Crompton, Danaher Motion, Franklin Electric, Johnson Electric Holdings, Regal Beloit, Rockwell Automation, Siemens, Asmo, Ametek, Allied Motion Technologies.
The medium and high voltage motors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medium and High Voltage Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medium and High Voltage Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medium and High Voltage Motors Market - Supply Chain
4.5. Global Medium and High Voltage Motors Market Forecast
4.5.1. Medium and High Voltage Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medium and High Voltage Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medium and High Voltage Motors Market Absolute $ Opportunity
5. Global Medium and High Voltage Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medium and High Voltage Motors Market Size and Volume Forecast by Type
5.3.1. AC Motors(Single Phase and Three Phase)
5.3.2. DC Motors(Brushed and Brushless)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medium and High Voltage Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medium and High Voltage Motors Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. HVAC Equipment
6.3.3. Industrial Machinery
6.3.4. Aerospace & Transportation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medium and High Voltage Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medium and High Voltage Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medium and High Voltage Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medium and High Voltage Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medium and High Voltage Motors Demand Share Forecast, 2019-2029
9. North America Medium and High Voltage Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medium and High Voltage Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medium and High Voltage Motors Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. HVAC Equipment
9.4.3. Industrial Machinery
9.4.4. Aerospace & Transportation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medium and High Voltage Motors Market Size and Volume Forecast by Type
9.7.1. AC Motors(Single Phase and Three Phase)
9.7.2. DC Motors(Brushed and Brushless)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medium and High Voltage Motors Demand Share Forecast, 2019-2029
10. Latin America Medium and High Voltage Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medium and High Voltage Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medium and High Voltage Motors Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. HVAC Equipment
10.4.3. Industrial Machinery
10.4.4. Aerospace & Transportation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medium and High Voltage Motors Market Size and Volume Forecast by Type
10.7.1. AC Motors(Single Phase and Three Phase)
10.7.2. DC Motors(Brushed and Brushless)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medium and High Voltage Motors Demand Share Forecast, 2019-2029
11. Europe Medium and High Voltage Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medium and High Voltage Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medium and High Voltage Motors Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. HVAC Equipment
11.4.3. Industrial Machinery
11.4.4. Aerospace & Transportation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medium and High Voltage Motors Market Size and Volume Forecast by Type
11.7.1. AC Motors(Sigle Phase and Three Phase)
11.7.2. DC Motors(Brushed and Brushless)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medium and High Voltage Motors Demand Share, 2019-2029
12. Asia Pacific Medium and High Voltage Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medium and High Voltage Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medium and High Voltage Motors Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. HVAC Equipment
12.4.3. Industrial Machinery
12.4.4. Aerospace & Transportation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medium and High Voltage Motors Market Size and Volume Forecast by Type
12.7.1. AC Motors(Single Phase and Three Phase)
12.7.2. DC Motors(Brushed and Brushless)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medium and High Voltage Motors Demand Share, 2019-2029
13. Middle East & Africa Medium and High Voltage Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medium and High Voltage Motors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medium and High Voltage Motors Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. HVAC Equipment
13.4.3. Industrial Machinery
13.4.4. Aerospace & Transportation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medium and High Voltage Motors Market Size and Volume Forecast by Type
13.7.1. AC Motors(Single Phase and Three Phase)
13.7.2. DC Motors(Brushed and Brushless)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medium and High Voltage Motors Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Medium and High Voltage Motors Market: Market Share Analysis
14.2. Medium and High Voltage Motors Distributors and Customers
14.3. Medium and High Voltage Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baldor Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Brook Crompton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danaher Motion
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Franklin Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Electric Holdings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Regal Beloit
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell Automation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Siemens
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Asmo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ametek
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Allied Motion Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
