Medium and High Power Motors Market Size, Share, Growth, and Industry Analysis, By Type (Medium Voltage and High Voltage), By Application (Automotive, HVAC Equipment, Industrial Machinery, Aerospace & Transportation and Commercial) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

MEDIUM AND HIGH POWER MOTORS MARKET REPORT OVERVIEW

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The global medium and high power motors market size was USD 58 million in 2019 and will touch USD 78 million by 2026, exhibiting a CAGR of 4.1% during the forecast period.

Medium and high-power motors, designed for heavy-duty applications, encompass medium-voltage motors, typically 250 horsepower (hp) or higher, and high-voltage motors, operating above 600 volts. These motors find utility in industrial sectors such as HVAC systems, industrial fans, compressors, and pumps. They are selected based on specific power requirements, with high-voltage motors meeting elevated power demands and medium-voltage motors offering substantial power while prioritizing operational efficiency. Integral to industrial operations, these motors embody reliability and performance, catering to diverse industrial needs.

The choice between medium and high-voltage motors is driven by specific power requirements. These motors are selected for their ability to handle heavy loads efficiently, potentially improving overall operational efficiency and reducing costs in certain applications. High-voltage motors excel in meeting heightened power demands, while medium-voltage motors, though slightly lower in voltage, still offer substantial power and find use in scenarios where a balance between power and efficiency is critical. They play essential roles in powering industrial machinery, embodying reliability and performance to meet diverse industrial needs.

COVID-19 Impact: Market-related obstacles such as aerospace and maritime challenges alongside delays were altered during the pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic resulted in operational hurdles in the aerospace and maritime sectors, alongside construction delays, influencing the demand for medium and high-power motors. These challenges encompassed a range of issues, from logistical constraints to supply chain disruptions, impacting demand dynamics within these industries. As delays mounted and operational complexities intensified, the need for robust, efficient motors capable of meeting rigorous demands became increasingly apparent. This fluctuation in demand underscored the pivotal role of medium and high-power motors in addressing the evolving operational landscape, emphasizing the importance of adaptability and resilience in navigating industry challenges.

LATEST TRENDS

"Growing demand for energy-efficient motors to drive the market"

Rising interest in energy-efficient motors is driving substantial demand growth across industrial sectors, serving as a primary catalyst for market expansion. This surge reflects a broader shift towards sustainability and resource optimization within industrial operations. Industries increasingly prioritize energy-efficient solutions to mitigate environmental impact and reduce operational costs. Consequently, the market witnesses a notable uptick in demand as businesses seek motors capable of delivering enhanced performance while minimizing energy consumption. The heightened emphasis on energy efficiency underscores a fundamental evolution in industrial practices, where investments in environmentally conscious technologies play a pivotal role in achieving long-term sustainability goals. As demand for energy-efficient motors continues to escalate, manufacturers are compelled to innovate and develop cutting-edge solutions to meet the evolving needs of the market and support the transition towards greener industrial practices.

MEDIUM AND HIGH POWER MOTORS MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Medium Voltage and High Voltage.

• Medium Voltage: Medium voltage motors typically have outputs ranging from 0.740 kilowatts (KW) to 200 kilowatts (KW). Widely used in industrial applications, they are recognized for their energy efficiency and reliable operation. The market for medium voltage motors is witnessing steady growth due to increasing industrialization and rising demand for energy-efficient motors. Government initiatives and regulations favouring the adoption of medium voltage motors, along with the increasing replacement of less efficient and older electric motors, are driving market growth. Additionally, the medium voltage motors market benefits from growing demand for energy-efficient motors and increasing focus on technological advancements.

• High Voltage: High voltage motors, with outputs greater than 200 kilowatts (KW), are crucial for heavy-duty industrial applications. Known for their high power output, they are widely used in sectors such as oil and gas, mining, and paper and pulp. The market for high voltage motors is experiencing transformative trends driven by technological advancements and increasing demand for energy-efficient motors. Government initiatives and regulations favoring the adoption of high voltage motors, along with the growing rate of industrialization, are driving market growth. Additionally, the market benefits from the replacement of less efficient and older electric motors, as well as the focus on improving energy regulation and reducing operational costs.

By Application

Based on application the global market can be categorized into Automotive, HVAC Equipment, Industrial Machinery, Aerospace & Transportation and Commercial.

• Automotive: The automotive sector represents a significant application area for medium and high power motors, with a rising demand for electric vehicles. This market is propelled by an increasing focus on reducing carbon emissions and enhancing fuel efficiency. Moreover, there is a notable transition towards the adoption of energy-efficient motors, further fueling market growth.

• HVAC Equipment: The HVAC equipment sector serves as another significant application domain for medium and high power motors, experiencing a surge in demand for energy-efficient solutions. This market is primarily driven by a growing emphasis on reducing energy consumption and enhancing efficiency within HVAC systems. Additionally, there is a discernible shift towards the adoption of premium efficiency motors, contributing to market expansion.

• Industrial Machinery: The industrial machinery sector is a crucial application area for medium and high power motors, witnessing an increasing demand for energy-efficient solutions. Market growth is propelled by a heightened focus on reducing energy consumption and enhancing efficiency within industrial machinery. Moreover, there is a notable transition towards the adoption of premium efficiency motors, driving market expansion.

• Aerospace & Transportation: The aerospace and transportation sector represents another significant application domain for medium and high power motors, experiencing a growing demand for electric and hybrid-electric propulsion systems. Market growth is driven by an increasing emphasis on reducing carbon emissions and improving fuel efficiency within these sectors. Additionally, there is a discernible shift towards the adoption of energy-efficient motors, further contributing to market growth.

• Commercial: The commercial sector serves as a notable application area for medium and high power motors, witnessing a rising demand for energy-efficient solutions across various applications such as elevators, escalators, and pumps. Market expansion is driven by an increasing focus on reducing energy consumption and enhancing efficiency within commercial buildings. Furthermore, there is a discernible transition towards the adoption of premium efficiency motors, driving market growth.

DRIVING FACTORS

"Focus on energy regulation and operational cost reduction aims to boost the market"

The utilization of the global medium and high-power motors in market growth is directed towards enhancing energy regulation efficiency and trimming operational expenses, thereby stimulating their integration across the industrial machinery sector. The emphasis on deploying these motors underscores a strategic approach towards achieving optimal energy management and cost-effectiveness within industrial operations. This concerted effort towards energy efficiency and cost reduction forms the cornerstone of their adoption, as industries seek to streamline their processes while minimizing resource consumption. Through the incorporation of medium and high-power motors, industrial entities endeavour to bolster their operational efficiency and maintain competitive advantages in the market landscape. This targeted focus on energy regulation and cost containment reflects a broader commitment to sustainability and fiscal prudence, positioning medium and high-power motors as indispensable components in driving industrial productivity and profitability in a resource-conscious era.

"Replacement of old and less efficient electric motors expands the market"

The accelerated growth of the industrial machinery sector is propelled by the replacement of outdated and inefficient electric motors, alongside the enforcement of stringent regulations across numerous countries. This trend reflects a concerted effort towards modernization and compliance with evolving standards within the industry. As businesses prioritize efficiency and sustainability, there is a heightened emphasis on replacing older motor models with newer, more energy-efficient alternatives. This proactive approach towards upgrading motor technology not only aligns with regulatory requirements but also contributes to enhanced operational performance and reduced energy consumption. The implementation of stricter regulations catalyzes for this transition, prompting industries to invest in compliant motor solutions that meet or exceed efficiency standards. Consequently, the market experiences significant growth as companies adapt to the changing regulatory landscape and embrace more sustainable practices in their operations.

RESTRAINING FACTORS

"Lack of awareness about the long-term benefits among customers is putting obstacles to market expansion"

A significant obstacle to market expansion is the lack of understanding regarding the enduring advantages offered by medium and high-power motors. This lack of awareness poses a substantial challenge that has the potential to impede market growth. The failure to recognize the long-term benefits associated with these motors may hinder their widespread adoption across various industries. Despite their potential to enhance operational efficiency, reduce energy consumption, and lower maintenance costs over time, many stakeholders remain uninformed about these advantages. Consequently, there exists a disconnect between the capabilities of medium and high-power motors and the perceptions held by potential users. Addressing this issue requires concerted efforts to educate industry professionals and decision-makers about the lasting benefits that these motors offer, thereby fostering greater appreciation and uptake within the market.

MEDIUM AND HIGH POWER MOTORS MARKET REGIONAL INSIGHTS

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"Asia Pacific leads the market reflecting its pivotal role in industry dynamics"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The Asia Pacific region stands out as the leading force in the global medium and high-power motors market share. This region is witnessing consistent growth driven by several factors, including abundant and accessible basic resources, increasing purchasing capabilities, supportive governmental regulations, and robust industrial infrastructure. Moreover, the escalating pace of industrialization across the Asia Pacific is expected to amplify the demand for medium and high-power motors, underscoring the region's substantial impact on the market landscape. As industrial activities continue to thrive in this region, propelled by favourable conditions and conducive policies, the prominence of medium and high-power motors is set to rise even further. Consequently, the Asia Pacific region emerges as a pivotal player in shaping the trajectory of the medium and high-power motors market, cementing its position as a dominant force driving industry dynamics.

KEY INDUSTRY PLAYERS

"Key industry players are continuously focusing on technological advancements to improve efficiency and performance in the market"

Key industry players persistently prioritize technological advancements to enhance the efficacy and functionality of medium and high-power motors, aligning with the market's call for sophisticated and efficient motor innovations. This relentless pursuit of technological progress underscores a commitment to meet evolving industry demands and optimise motor performance. Companies channel substantial resources into research and development endeavours aimed at refining motor design, enhancing energy efficiency, and bolstering overall operational effectiveness. By embracing cutting-edge technologies such as advanced materials, precision engineering techniques, and smart motor control systems, manufacturers strive to stay at the forefront of innovation and deliver superior motor solutions to meet diverse market needs. This focus on technological advancement not only drives continuous improvement within the medium and high-power motors sector but also reinforces its position as a cornerstone of industrial progress, poised to catalyze further advancements in the years ahead.

List of Market Players Profiled

• Johnson Electric Holdings (Hong Kong)
• Asmo (Switzerland)
• Siemens (Germany)
• Brook Crompton (U.K.)
• Ametek (U.S.)
• Baldor Electric (U.S.)
• Danaher Motion (U.S.)
• Regal Beloit (U.S.)
• Franklin Electric (U.S.)
• Rockwell Automation (U.S.)
• Allied Motion Technologies (U.S.)
• ARC Systems (U.S.)

INDUSTRIAL DEVELOPMENT

July 2023: Siemens' spin-off, Innomotics, now a separate entity, specializes in motors and large drives, aiming to lead innovation and sustainability in the industry. With operations globally and a focus on technology and efficiency, it collaborates with Siemens Mobility for complementary solutions. Led by CEO Michael Reichle, Innomotics targets growth in sectors such as hydrogen production and water treatment, leveraging its €3 billion revenue and extensive experience.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.