Medium Voltage Motors & Drives Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 4.2 % from 2019 to 2026. Asia-Pacific accounts for the major share in the global medium & high voltage motors & drives market driven by rising industrial requirements, attributed to the growing population and urbanization in the region.
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Market Introduction and Market Dynamics
The key market drivers of the global medium voltage motors & drives market are a focus of the industries on energy efficiency thereby shifting from low voltage motors to medium voltage motors, a revival of CAPEX cycle in the energy sector, and robust growth of process industries such as steel, water, cement, and wastewater. However, the need for several changes to install medium voltage motors on sites, and high exposure of market to industries related to fluctuating investment cycles may restrain the market. Further, the rising focus on energy efficiency due to the high-power consumption is expected to open new business opportunities for key players in the near future.
Market Segmentation & Crisp Analysis
The global medium voltage motors & drives market is segmented by type and application. By type, the market is further segmented into AC Motors and DC Motors. The application segments covered in the report are Process industries, discrete industries, and HVAC. The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico, while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
Manufacturers’ Competitive Analysis
The top players operating in the market are frequently investing on research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the Medium Voltage Motors & Drives Market are Marathon Electric Motors (Regal Beloit), WEG, Mitshuibishi, Siemens, GE, TMEIC, MEIDENSHA, Nidec Motors, Teco, ABB, MENZEL Motors, HELMKE, VEM Group, and ATB Motors, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with market share analysis and competitive scenario is also part of the report. Furthermore, the client information from different industries from the point of view of manufactures has been provided in this report. The data of revenue share, shipment, gross profit, net income have also been included to give a better understanding of the competitors in the Medium & High Voltage Motors & Drives Market.
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