Authored By: Sarah
06 Oct 2021

Medium Voltage Motors Market | Market Highlights and Insights to Recovery from COVID-19
Market Recovery and Growth Projections 2021-2025

The medium voltage motors market is expected to grow by $ 1.12 bn, accelerating at a CAGR of almost 4.56% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Medium Voltage Motors Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The Medium Voltage Motors Market is segmented by Product (AC motors and DC motors), End-user (process industries, discrete industries, and HVAC), and Geography (APAC, North America, Europe, MEA, and South America).
  • The APAC region emerged as the leading segment in recent years. 49% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Medium Voltage Motors Market size.

Medium Voltage Motors Market Size to Grow by $ 1.12 bn through 2021-2025 | Leading Segments and Market Trends

Medium Voltage Motors Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

  • A significant factor in driving the growth of the Medium Voltage Motors Market will be the revival of capex cycle in energy sector.
  • Rising focus on energy efficiency due to high power consumption of industrial motors is another factor that will be instrumental in driving market growth during the forecast period.
  • One of the key challenges that market players need to contend with in order to achieve further success is the Need for several changes when installing medium voltage motors on sites.

Medium Voltage Motors Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • 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 are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 4.56%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.12 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Revival of CAPEX cycle in energy sector will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    49% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (AC motors and DC motors), End-user (process industries, discrete industries, and HVAC), and Geography (APAC, North America, Europe, MEA, and South America)

Medium Voltage Motors Market Size to Grow by $ 835.73 mn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the medium voltage motors market and it is expected to grow by $ 835.73 mn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Medium Voltage Motors Market: Receive Free Sample Report


Medium Voltage Motors Market: Emerging Trends to Impact Market Growth

Development of medium voltage drives and distribution systems to emerge as a key trend in the industrial medium voltage motors market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Medium Voltage Motors Market Size to Grow by $ 1.12 bn through 2021-2025 | Leading Segments and Market Trends

Medium Voltage Motors Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., General Electric Co., Nidec Corp., Regal Beloit Corp., SEVA-tec GmbH, TECO Electric & Machinery Co. Ltd., Toshiba Corp., VEM Group, WEG Equipamentos Eletricos SA, and Wolong Electric Group Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

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