Global Medium Voltage Motors Market Growth 2023-2029

Global Medium Voltage Motors Market Growth 2023-2029

Low voltage is up to 1000 V, medium voltage is from 1000 V to 35 kV, and high voltage is over 35 kV.
LPI (LP Information)' newest research report, the “Medium Voltage Motors Industry Forecast” looks at past sales and reviews total world Medium Voltage Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Medium Voltage Motors sales for 2023 through 2029. With Medium Voltage Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medium Voltage Motors industry.
This Insight Report provides a comprehensive analysis of the global Medium Voltage Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medium Voltage Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medium Voltage Motors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium Voltage Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medium Voltage Motors.
The global Medium Voltage Motors market size is projected to grow from US$ 5229.1 million in 2022 to US$ 6167.5 million in 2029; it is expected to grow at a CAGR of 6167.5 from 2023 to 2029.
As the technology of Medium Voltage Motors is relatively mature and the downstream market are keep growing, thus there are lots of enterprises in the Medium Voltage Motors market. The top international motor manufacturers carry strong capital to expand their scale through mergers and acquisitions. The Medium Voltage Motors market competition will be still intense in the near future. ABB is the leading manufacturer in the global Medium Voltage Motors market with the market share of 15.86%, in terms of revenue, followed by Nidec, General Electric(Wolong), Regal Beloit, SEVA-tec, TECO Electric & Machinery, Toshiba, VEM, and WEG. The top 9 listed companies accounted for 47.27% of the market share in 2019. Segment by Type, the Medium Voltage Motors can be split into AC Motors, DC Motors, etc. In 2019, AC Motors accounted for a major share of 80.83% the global Medium Voltage Motors market. Segment by Application, the Medium Voltage Motors market can be sub-segmented into several major Application, like Process Industries, Discrete Industries, etc. and the Process Industries holds an important share.
This report presents a comprehensive overview, market shares, and growth opportunities of Medium Voltage Motors market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
AC Motors
DC Motors
Segmentation by application
Process Industries
Discrete Industries
HVAC
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Nidec
General Electric(Wolong)
Regal Beloit
SEVA-tec
TECO Electric & Machinery
Toshiba
VEM

Key Questions Addressed in this Report
What is the 10-year outlook for the global Medium Voltage Motors market?
What factors are driving Medium Voltage Motors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Medium Voltage Motors market opportunities vary by end market size?
How does Medium Voltage Motors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.