The global demand for Medium Voltage Motors Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Medium Voltage Motors are alternating current electrically driven devices that provide torque and turn force and propel vehicles such as electric trains and trams. Traction motors is another term for them. Medium voltage motors can be either asynchronous or synchronous, depending on their speed control properties. Medium voltage motors are utilized in the 220 volts to the 35-kilovolt power supply range. Medium-voltage motors have a high torque-to-weight ratio, low maintenance costs, and a long service life, making them an excellent choice for various manufacturing processes. In the HVAC industry, medium voltage motors are commonly employed in cooling towers, evaporative condensers, and air coolers in commercial buildings that use medium voltage motors.
Market Dynamics
The increased desire for energy efficiency is one of the factors driving the growth of the global medium voltage motors market. One of the major drivers of this market is industrialization and urbanization, which has resulted in high economic activity to sustain higher industrial production along with a growing population base across various regions. The development in electric vehicles and automotive sectors around the world and rising demand for industrial machinery and robotics are driving the worldwide medium voltage motors market. The worldwide medium voltage motors market is fueled by various key drivers such as rising demand for continuous power supply in multiple applications and rising demand for motion control drives.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of medium voltage motors. The growth and trends of Medium Voltage Motors Industry provide a holistic approach to this study.
Market Segmentation
This section of the medium voltage motors market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
- Process Industries
- Discrete Industries
- HVAC
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Medium Voltage Motors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Medium Voltage Motors Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medium voltage motors market include ABB, Nidec, General Electric(Wolong), Regal Beloit, SEVA-tec, TECO Electric & Machinery, Toshiba, VEM. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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