Medium Voltage Motors Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR44630

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 Medium Voltage Motors Market - 2021-2025

The medium voltage motors market size is expected to reach a value of USD 1.12 billion, at a CAGR of 4.56%, during 2021-2025. This research study helps in the deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the revival of the CAPEX cycle in the energy sector are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

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Medium Voltage Motors Market Segments

From this Technavio report, get actionable insights on the medium voltage motors market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation 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) in this medium voltage motors market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic medium voltage motors market predictions on consumer demand changes for 2021-2025.

Medium Voltage Motors Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4.56%

Market growth 2021-2025

$ 1.12 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

China, Germany, Japan, US, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Medium Voltage Motors Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The medium voltage motors market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the medium voltage motors market share during 2021-2025.

The medium voltage motors market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Medium Voltage Motors Market Vendors

Regional Opportunities in Medium Voltage Motors Market - 2021-2025

49% of the medium voltage motors market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for medium voltage motors in APAC. This report encompasses exclusive information on potential business locations and understands the demographics of current and prospective customers.

Medium Voltage Motors Market Share by Geography

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APAC has been exhibiting a significant growth rate for medium voltage motors market vendors. Factors such as the growth of the population and the rising disposable incomes of people are increasing investments in the power generation, steel and cement, and water and wastewater industries. This is accelerating the medium voltage motors market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The medium voltage motors market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Medium Voltage Motors Market Share and Revenue by Product

Medium Voltage Motors Market Share by Product

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The medium voltage motors market share growth by the AC motors segment will be significant during the forecast period. The availability of variable frequency drives (VFDs) has increased the suitability of induction motors for variable speed applications. Hence, the demand for induction motors for applications that require variable speed applications is increasing. The global medium voltage motors market by AC motors is estimated to grow due to the several operational benefits offered by medium voltage AC motors. This report provides an accurate prediction of the contribution of all the segments to the growth of the medium voltage motors market size.

From the medium voltage motors market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Medium Voltage Motors Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding medium voltage motors market growth is the need for several changes when installing medium voltage motors on sites. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

This medium voltage motors market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Medium Voltage Motors Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medium voltage motors market growth during the next five years
  • Precise estimation of the medium 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 medium voltage motors market across APAC, North America, Europe, 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 medium voltage motors market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The medium voltage motors market growth will increase by $835.73 million during 2019-2024.
The medium voltage motors market is expected to grow at a CAGR of 2.52% during 2019-2024.
Technavio has segmented the medium voltage motors market by product (AC motors and DC motors) ,end user (Process industries, Discrete industries, and HVAC) , and geographic (APAC, North America, Europe, MEA, and South America).
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, Wolong Electric Group Co. Ltd. are a few of the key vendors in the medium voltage motors market.
APAC will register the highest growth rate of 57.47% among the other regions. Therefore, the medium voltage motors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the medium voltage motors market growth are:
  • Revival of CAPEX cycle in energy sector
  • Remote condition monitoring of industrial motors
The medium voltage motors market vendors should focus on grabbing business opportunities from the ac motors segment as it accounted for the largest market share in the base year.
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