Medium Voltage Motor Market Report

With the rising trend of industrial automation, the potential demand for medium-voltage motors in the market is anticipated to increase. The need for electrically driven heavy-duty applications is increasing, and medium voltage motors have frequently shown to be an appropriate choice when a high output is required. Additionally, the introduction of the Internet of Things (IoT) is expected to generate more opportunities for the medium voltage motors market expansion.  Continuous advancements in sensor instrumentation, embedded advanced management algorithms, and predictive status monitoring are all important to the future of connected equipment that will be incorporated into the expanding IIoT or Industry 4.0 infrastructure.  

Smart machines, inventory systems, and production gear will significantly enhance industrial operations with IIoT or Industry 4.0, increasing the usage of additional automation, such as motors and AC drives. In addition, these motors offer the potential to improve operational efficiency from the production line to the supply chain by optimizing data, information, and analytics. All these factors prove to have a positive impact on the medium voltage motors market development.  

In view of the emphasis on sustainability and energy efficiency, the potential demand for medium voltage is anticipated to expand. It is now more important than ever to develop intelligent motor control systems that maximize motor performance and energy use by utilizing cutting-edge algorithms and sensors. Rising urbanization and industrialization have resulted in strong economic activity to sustain increasing manufacturing production as well as a growing population base across various areas. Additionally, the global expansion of electric cars and automotive industries, as well as increased demand for industrial machinery and robotics, are driving the global medium voltage motors market. Besides this, other important factors such as increased need for continuous power supply in a variety of applications and increased demand for motion control drives are anticipated to propel the market expansion over the forecast period. 

• The growing integration of IoT for remote monitoring and predictive maintenance.
•  Expansion of motor offerings for specialized applications like EV charging.
• Emphasis on compact designs and modular configurations for flexibility.
• Shift towards eco-friendly and sustainable motor solutions.

Major medium voltage motor manufacturers are actively pursuing competitive marketing strategies such as partnerships, technical innovations, investments, acquisitions, and R&D efforts that will boost their global market share. For instance, In June 2022, Elsewedy Electric signed a contract with Wolong Electric, one of the world's leading electric motor manufacturers, for the selling of electrical motors and the establishment of a world-class service center, while also developing a plan to localize the motor sector in Egypt. As part of the contract, it was determined that Elsewedy Electric would be producing goods for a variety of sectors, ranging from home appliances and electric cars to medium voltage motors used in heavy industries.  

Later, in April 2023, Sims Metal chose ACS6080, an ABB medium voltage drive to boost power and reduce energy usage in a metal shredding machine application at their site just outside of Melbourne, Australia. The ACS6080 drive has previously demonstrated its ability to lower the energy consumption of the metal shredding application. Earlier, in March 2021, Samotics, a leading supplier of AI-driven predictive analytics, declared the expansion of its SAM4 asset health monitoring system to accommodate medium and high-voltage motors. The SAM4 system now detects emerging faults in low-, medium--, and high-voltage AC devices up to five months in advance.

The requirement of numerous modifications while installing medium voltage motors on sites is a key obstacle to the global medium voltage motors market growth. The need for medium voltage motors is determined by the replacement of low voltage motors with high power output by medium voltage motors with similar power output. Low voltage motors with high power output can be replaced with medium voltage motors, which are more energy efficient. They have fewer thermal losses due to the low current or amperage drawn from the power source or distribution system. However, due to their complicated design and manufacturing, medium-voltage motors are often more expensive than their corresponding low-voltage counterparts. Such construction complexity can be attributable to medium voltage motors' highly particular or specialized stator and insulation requirements. These variables have a negative impact on the growth of the global medium voltage motors market. On the other hand, the high cost of products due to volatile raw material prices are expected to limit market expansion. Unawareness of the long-term benefits of medium and high power is also a significant barrier.

VEM, ABB, General Electric, Nidec, Toshiba, Regal Beloit, SEVA-tec, TECO Electric, and Machinery are some of the prominent market players operating in the global medium voltage motor market.

Asia Pacific is anticipated to experience significant growth in the medium voltage motor market over the forecast period owing to the expanding industrialization in the region. In addition, increased power consumption standards in the industrial sector are expected to enhance demand in the region. Besides this, the rising government policies in growing nations in the Asia Pacific region are expected to continue to focus on upgrading infrastructure, resulting in consistent demand for MV motors. Emerging technologies are also anticipated to aid the market growth in the region. Furthermore, North America is also anticipated to witness substantial growth in the medium-voltage motor market. This growth can be attributed to the increased replacement rate of aging products in the region. 

The report provides a detailed overview of the medium voltage motor market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the medium voltage motor market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the medium voltage motor market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the medium voltage motor market. Some key countries and regions included in the medium voltage motor market report are as follows:

• Medium voltage motor market detailed segments and segment-wise market breakdown
• Medium voltage motor market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in medium voltage motor industry)
• Current, historical, and forthcoming 10 years market valuation in terms of medium voltage motor market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Medium voltage motor market demand analysis
• Medium voltage motor market pricing analysis over the forecast period (by key segment and by region)
• Medium voltage motor market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the medium voltage motor market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the medium voltage motor market
• Medium voltage motor market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on medium voltage motor market forecast by countries
• Mergers and acquisitions in the medium voltage motor market
• Essential information to enhance market position
• Robust research methodology