Medium Voltage Motors Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 168 SKU: IRTNTR44630

Medium Voltage (MV) Motors Market 2024-2028

The medium voltage (MV) motors market size is estimated to grow at a CAGR of 4.84% between 2023 and 2028. The market size is forecast to increase by USD 1.29 billion. The growth of the market depends on several factors such as the revival of the CAPEX cycle in the energy sector, the rising focus on energy efficiency due to high power consumption in industrial motors, and the limitations of power ratings in medium-voltage motors. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

This report extensively covers market segmentation by end-user (process industries, discrete industries, and HVAC), product (AC motors and DC motors), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Medium Voltage Motors Market During the Forecast Period?

Medium Voltage Motors Market Forecast 2024-2028

To learn more about this report,  Request Free Sample

Medium Voltage Motors Market Dynamic

Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Rising focus on energy efficiency due to high power consumption in industrial motors

Electric motors are prime movers in industries, as they convert electric energy into mechanical energy. They account for a large share of the total power consumption of industries. For example, approximately 30% of the global electricity produced is consumed by industrial motors. Thus, an improvement in the energy efficiency of industrial motors or the replacement of low-voltage motors with medium-voltage motors will lower the consumption of electricity by industries.

Moreover, industrial end-users in energy-intensive industries often replace their low-voltage motors that have high power ratings with medium-voltage motors of equivalent output. Such replacements require significant initial investments. However, the investments can be recovered from the reduced electricity consumption. Consequently, the demand for medium-voltage motors for industrial applications is increasing. Hence, such factors will drive the growth of the market during the forecast period.

Trends- Development of medium voltage drives and distribution systems

Any industrial motor requires an electric drive to control the speed, torque, and direction of an electrical motor. Likewise, switch gears are required to mitigate the negative impact of a fluctuating supply of power, as it may lead to the inefficient performance of connected equipment, including motors. Switchgears help stabilize the unsteady flow of power and shield connected devices by controlling, metering, and regulating the flow of electricity in the distribution management system (DMS).

Consequently, switchgear contributes to the optimal performance of machine control systems. The demand for medium voltage motors should increase in response to the availability of electric drives and DMS that are designed for medium voltage applications. Thus, an increase in the demand for medium voltage motors in industrial applications will drive the growth of the market during the forecast period.

Challenge- Fluctuating investment cycles in end-user industries

Many process industries, such as oil and gas and mining, are key end-users of medium-voltage motors. The upstream oil and gas industry requires motors with high power output for applications such as electric propulsion systems that are used in offshore marine vessels, onshore and offshore drilling, and hydraulic fracturing operations. Medium voltage motors are also required for the operation of power pumps and compressors, which are used in downstream oil and gas applications, such as refineries and petrochemical complexes.

Likewise, medium voltage motors are used in the mining industry in equipment such as hoists, excavators, conveyor systems, and high-pressure grinding mills. The demand for medium voltage motors from these industries is highly dependent on their CAPEX cycle. Thus, fluctuating CAPEX patterns in major end-user industries such as oil and gas and mining pose a challenge to the growth of the global medium voltage motors market.

Medium Voltage Motors Market Segmentation by End-user, Product, and Geography

End-user Segment Analysis: 

The process industries segment will account for a major share of the market's growth during the forecast period.?Oil and gas, power generation, chemicals and petrochemicals, iron and steel, cement, pulp and paper, and water and wastewater treatment plants are among the major end-users of medium voltage motors. Most process industries are transitioning to improve their energy efficiency, emission intensity, and product mix.

Customized Report as per your requirements!

The process industries segment was valued at USD 2.51 billion in 2018. The trend of mixing biofuel with gasoline and diesel is increasing in the transportation sector. Consequently, the global biofuel production capacity is rising, and the demand for industrial drives from biofuel production plants is increasing. The transition of process industries is increasing investments in industrial facilities, which is expected to drive the growth of the segment. Therefore, the process industries segment will grow and, in turn, propel the growth of the global medium voltage (MV) motors market during the forecast period.

Product Segment Analysis

Based on product, the market has been segmented into AC motors and DC motors. The AC motors segment will account for the largest share of this segment.?Most AC motors are available as induction motors or synchronous motors. For industrial drives, induction motors are mostly available as three-phase squirrel cage motors as industrial motors are self-starting motors. 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. Therefore, such factors will propel the growth of the AC motors segment in the global medium voltage motors market during the forecast period.

Regional Analysis

For more insights on the market share of various regions Download Sample PDF now!

APAC is estimated to contribute 44% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Most large and highly populated countries such as China, India, Indonesia, and Bangladesh are developing, and relatively small countries such as Vietnam and Thailand are emerging as industrial hubs. The demand for medium voltage motors for blowers, coal handling systems, and feedwater pumps is increasing in APAC, and it is estimated to increase further as new thermal power plants are being added in countries such as India, Bangladesh, Pakistan, and Vietnam. 

In addition, the rising demand for consumer durables, textiles, fertilizers, residences, and automobiles is increasing the need for chemicals and petrochemicals, cement, steel, and petroleum end-products. Hence, investments in these industries are increasing. Hence, the medium voltage motors market in APAC is estimated to grow during the forecast period.

COVID Recovery Analysis:

In 2020, the outbreak of the COVID-19 pandemic adversely affected the growth of the medium voltage motors market in the APAC region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities, which spurred demand for medium voltage motors as the demand for various types of equipment from different end-users, including process industries, increased, which stabilized the growth of the medium voltage motors market in the region. Thus, due to the rapid growth in electric vehicle sales across China, India, and other countries in APAC, the Medium Voltage Motors Market in the region is expected to grow significantly during the forecast period.

Who are the Major Medium Voltage Motors Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • ABB Ltd.: The company offers medium voltage motors such as MV drives products which includes ABB ACS580MV, ABB ACS5000, and many more.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

AC Motoren GmbH, Bharat Bijlee Ltd., Eaton Corp. Plc, General Electric Co., HOYER GmbH, Meidensha Corp., Menzel Elektromotoren GmbH, Nidec Corp., O.M.E. Motori Elettrici Srl, Parsons Peebles Ltd., Regal Beloit Corp., Ruselprom Trade Ltd., SEVA tec GmbH, Siemens AG, TECO Electric and Machinery Co. Ltd., Toshiba Corp., VYBO Electric AS, WEG Equipamentos Eletricos S.A., and Wolong Electric Group Co. Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The medium voltage motors market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook
    • Process industries
    • Discrete industries
    • HVAC
  • Product Outlook 
    • AC motors
    • DC motors
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Medium Voltage Motors Market Scope

Report Coverage

Details

Page number

168

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.84%

Market Growth 2024-2028

USD 1.29 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.45

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 44%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., AC Motoren GmbH, Bharat Bijlee Ltd., Eaton Corp. Plc, General Electric Co., HOYER GmbH, Meidensha Corp., Menzel Elektromotoren GmbH, Nidec Corp., O.M.E. Motori Elettrici Srl, Parsons Peebles Ltd., Regal Beloit Corp., Ruselprom Trade Ltd., SEVA tec GmbH, Siemens AG, TECO Electric and Machinery Co. Ltd., Toshiba Corp., VYBO Electric AS, WEG Equipamentos Eletricos S.A., and Wolong Electric Group Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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.

Request Sample PDF 

What are the Key Data Covered in this Medium Voltage Motors Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the medium voltage motors market between 2024 and 2028
  • Precise estimation of the medium voltage motors market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of medium voltage motors market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global medium voltage motors market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global medium voltage motors market 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Process industries - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Process industries - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Process industries - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Process industries - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Process industries - Year-over-year growth 2023-2028 (%)
    • 6.4 Discrete industries - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Discrete industries - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Discrete industries - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Discrete industries - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Discrete industries - Year-over-year growth 2023-2028 (%)
    • 6.5 HVAC - Market size and forecast 2023-2028
      • Exhibit 42: Chart on HVAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on HVAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on HVAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on HVAC - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 AC motors - Market size and forecast 2023-2028
      • Exhibit 52: Chart on AC motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on AC motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on AC motors - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on AC motors - Year-over-year growth 2023-2028 (%)
    • 7.4 DC motors - Market size and forecast 2023-2028
      • Exhibit 56: Chart on DC motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on DC motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on DC motors - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on DC motors - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ million)
      • Exhibit 61: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key offerings
              • Exhibit 118: ABB Ltd. - Segment focus
            • 12.4 AC Motoren GmbH
              • Exhibit 119: AC Motoren GmbH - Overview
              • Exhibit 120: AC Motoren GmbH - Product / Service
              • Exhibit 121: AC Motoren GmbH - Key offerings
            • 12.5 General Electric Co.
              • Exhibit 122: General Electric Co. - Overview
              • Exhibit 123: General Electric Co. - Business segments
              • Exhibit 124: General Electric Co. - Key news
              • Exhibit 125: General Electric Co. - Key offerings
              • Exhibit 126: General Electric Co. - Segment focus
            • 12.6 HOYER GmbH
              • Exhibit 127: HOYER GmbH - Overview
              • Exhibit 128: HOYER GmbH - Product / Service
              • Exhibit 129: HOYER GmbH - Key offerings
            • 12.7 Meidensha Corp.
              • Exhibit 130: Meidensha Corp. - Overview
              • Exhibit 131: Meidensha Corp. - Business segments
              • Exhibit 132: Meidensha Corp. - Key news
              • Exhibit 133: Meidensha Corp. - Key offerings
              • Exhibit 134: Meidensha Corp. - Segment focus
            • 12.8 Menzel Elektromotoren GmbH
              • Exhibit 135: Menzel Elektromotoren GmbH - Overview
              • Exhibit 136: Menzel Elektromotoren GmbH - Product / Service
              • Exhibit 137: Menzel Elektromotoren GmbH - Key offerings
            • 12.9 Nidec Corp.
              • Exhibit 138: Nidec Corp. - Overview
              • Exhibit 139: Nidec Corp. - Business segments
              • Exhibit 140: Nidec Corp. - Key news
              • Exhibit 141: Nidec Corp. - Key offerings
              • Exhibit 142: Nidec Corp. - Segment focus
            • 12.10 Regal Beloit Corp.
              • Exhibit 143: Regal Beloit Corp. - Overview
              • Exhibit 144: Regal Beloit Corp. - Business segments
              • Exhibit 145: Regal Beloit Corp. - Key offerings
              • Exhibit 146: Regal Beloit Corp. - Segment focus
            • 12.11 Ruselprom Trade Ltd.
              • Exhibit 147: Ruselprom Trade Ltd. - Overview
              • Exhibit 148: Ruselprom Trade Ltd. - Product / Service
              • Exhibit 149: Ruselprom Trade Ltd. - Key offerings
            • 12.12 SEVA tec GmbH
              • Exhibit 150: SEVA tec GmbH - Overview
              • Exhibit 151: SEVA tec GmbH - Product / Service
              • Exhibit 152: SEVA tec GmbH - Key offerings
            • 12.13 Siemens AG
              • Exhibit 153: Siemens AG - Overview
              • Exhibit 154: Siemens AG - Business segments
              • Exhibit 155: Siemens AG - Key news
              • Exhibit 156: Siemens AG - Key offerings
              • Exhibit 157: Siemens AG - Segment focus
            • 12.14 TECO Electric and Machinery Co. Ltd.
              • Exhibit 158: TECO Electric and Machinery Co. Ltd. - Overview
              • Exhibit 159: TECO Electric and Machinery Co. Ltd. - Business segments
              • Exhibit 160: TECO Electric and Machinery Co. Ltd. - Key offerings
              • Exhibit 161: TECO Electric and Machinery Co. Ltd. - Segment focus
            • 12.15 Toshiba Corp.
              • Exhibit 162: Toshiba Corp. - Overview
              • Exhibit 163: Toshiba Corp. - Business segments
              • Exhibit 164: Toshiba Corp. - Key news
              • Exhibit 165: Toshiba Corp. - Key offerings
              • Exhibit 166: Toshiba Corp. - Segment focus
            • 12.16 WEG Equipamentos Eletricos S.A.
              • Exhibit 167: WEG Equipamentos Eletricos S.A. - Overview
              • Exhibit 168: WEG Equipamentos Eletricos S.A. - Business segments
              • Exhibit 169: WEG Equipamentos Eletricos S.A. - Key offerings
              • Exhibit 170: WEG Equipamentos Eletricos S.A. - Segment focus
            • 12.17 Wolong Electric Group Co. Ltd.
              • Exhibit 171: Wolong Electric Group Co. Ltd. - Overview
              • Exhibit 172: Wolong Electric Group Co. Ltd. - Product / Service
              • Exhibit 173: Wolong Electric Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              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.

              INFORMATION SOURCES

              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 ANALYSIS

              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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              medium voltage motors market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis