Industrial High Voltage Motors Market by End-user and Geography - Forecast and Analysis 2021-2025

The industrial high voltage motors market share is expected to increase by USD 1.12 billion bn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.75%.

This industrial high voltage motors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial high voltage motors market segmentations by end-user (oil and gas industry, chemicals and petrochemicals industry, utilities sector, water and wastewater treatment industry, and others) and geography (APAC, Europe, North America, MEA, and South America). The industrial high voltage motors market report also offers information on several market vendors, including ABB Ltd., CG Power and Industrial Solutions Ltd., General Electric Co., Hitachi Ltd., Meidensha Corp., Nidec Corp., Regal Beloit Corp., Siemens AG, Toshiba Corp., and WEG Equipamentos Eletricos SA among others.

What will the Industrial High Voltage Motors Market Size be During the Forecast Period?

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Industrial High Voltage Motors Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in demand for squirrel cage induction motors is notably driving the industrial high voltage motors market growth, although factors such as need to comply with strict regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial high voltage motors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial High Voltage Motors Market Driver

The increase in demand for squirrel cage induction motors is a major factor driving the global industrial high voltage motors market growth. Squirrel cage induction motors are very cost-efficient and robust in construction and can operate under tough working conditions. The primary advantage of these motors is their simple design and robust construction. Moreover, the current/speed and torque/speed characteristics make the motor more efficient, and these motors require less conductor material when compared with slip-ring motors. As the copper losses in squirrel cage motors are lower, the motor works more efficiently when compared with slip ring induction motors. Additionally, they are explosion-proof as they do not have brushes and brush slip rings, eliminating the risks of sparking. Owing to a greater number of advantages of squirrel cage induction motors, the demand for these motors is increasing, and this drives the global industrial high voltage motors market growth during the forecast period.

Key Industrial High Voltage Motors Market Trend

The use of smart sensors with industrial high voltage motors is another factor supporting the global industrial high voltage motors market share growth. Industrial high voltage motors are designed to operate at their maximum designed life. Although the motors are mostly designed to operate for around 20 years, a large number of motors stop working before their life cycle due to poor maintenance. Consequently, vendors are offering industrial high voltage motors incorporated with smart sensors to help users analyze and predict the health of their rotating machinery. The sensors are also designed to help predict the residual life of industrial high voltage motors. Therefore, the use of smart sensors with industrial high voltage motors can lead to an increase in demand for industrial high voltage motors during the forecast period.

Key Industrial High Voltage Motors Market Challenge

The need to comply with strict regulations will be a major challenge for the global industrial high voltage motors market growth during the forecast period. The vendors offering industrial high voltage motors need to comply with certain regulations framed by organizations such as the International Electrotechnical Commission (IEC), International Organization for Standardization (ISO), and National Electrical Manufacturers Association (NEMA). The regulations framed by these organizations ensure the standardization of industrial high voltage motors across the globe, which helps in ensuring the safety and consistency of the equipment. While compliance with such regulations increases the operational cost of vendors, non-compliance can lead to penalties such as the suspension of license, imprisonment, and prohibition from future operations. Essentially, vendors find it difficult to manage their profit margins while complying with such regulations, which can impact the global industrial high voltage motors market growth during the forecast period.

This industrial high voltage motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial high voltage motors market as part of the global heavy electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial high voltage motors market during the forecast period.

Who are the Major Industrial High Voltage Motors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ABB Ltd.
• CG Power and Industrial Solutions Ltd.
• General Electric Co.
• Hitachi Ltd.
• Meidensha Corp.
• Nidec Corp.
• Regal Beloit Corp.
• Siemens AG
• Toshiba Corp.
• WEG Equipamentos Eletricos SA

This statistical study of the industrial high voltage motors market encompasses successful business strategies deployed by the key vendors. The industrial high voltage motors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ABB Ltd.- The company manufactures and offers a full range of high voltage induction motors, including modular slip-ring motors, rib cooled motors, and modular welded frame motors with different cooling options.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial high voltage motors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial High Voltage Motors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial high voltage motors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global heavy electrical equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Industrial High Voltage Motors Market?

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49% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the industrial high voltage motors market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The increasing renewable power generation will facilitate the industrial high voltage motors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Industrial High Voltage Motors Market?

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The industrial high voltage motors market share growth by the oil and gas industry segment will be significant during the forecast period. The oil and gas industry is expected to grow due to the increasing demand for crude oil (including biofuels), especially in countries such as India and Brazil. Hence, various countries are investing in boosting the production of oil in their region. The growth in oil production will lead to an increase in demand for industrial high voltage motors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial high voltage motors market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Industrial High Voltage Motors Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive industrial high voltage motors market growth during the next five years
• Precise estimation of the industrial high voltage motors market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial high voltage motors industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial high voltage motors market vendors

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