Germany Medium Voltage Motors & Drives Market Report Size Share Trend Geography and Forecast, 2019 - 2026

Germany Medium Voltage Motors & Drives Market is expected to reach 2,590 Million by 2026; experiencing a compound annual growth rate (CAGR) of 4% from 2019 to 2026. The performance of medium voltage motors & drives market is closely associated with its applications across Germany. Further, global economic conditions also reflect its impact on the market. Medium voltage motors & drives are designed for high performance and are appropriate for applications where high output motors are needed.

Germany Medium Voltage Motors and Drives Market Size Share Trend Forecast

The medium voltage motors & drives market is witnessing significant growth due to the focus of the industries on energy efficiency thereby shifting from low voltage motors to medium voltage motors. Energy consumption is the major factor driving the growth of the medium voltage market in Germany as well as in the global market. The factors such as the rising focus on energy efficiency due to the high-power consumption, revival of CAPEX cycle in the energy sector, and robust growth of process industries such as steel, water, cement, and wastewater are the stimulating factors for the market growth globally. However, limited technical knowledge about connection and maintenance, need for several changes to install medium voltage motors on sites, and high exposure of market to industries related to fluctuating investment cycles are expected to slightly hamper the growth of the market during the forecast period.

The Germany medium voltage motors & drives market is segmented by type and application. By type, the market is further segmented into AC Motors and DC Motors and the sub-segments covered under application, segments are Process industries, Discrete industries, and HVAC.

The key players operating in the Germany 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.

Base Year: 2019

Total Years Covered: 2019 - 2026

Forecast Years: 2020 - 2026

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The Highlights of the Report

  • The detailed analysis of Global Escalators Market with respect to key segments such as Type and Application has been included in the report
  • The Report comprises the qualitative and quantitative analysis of the market with market estimation over 2019 – 2026 and CAGR between 2020 and 2026
  • Comprehensive & Complete analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report.
  • An exhaustive regional and country wise analysis of Global Escalators Market has been covered in the report
  • Profile of the major key players operating in the Global Escalators Market will be provided, with a detailed study on their key financials, product, new developments, and business strategies

Scope of the Germany Medium Voltage Motors & Drives Market

By Type

  • AC Motors
  • DC Motors

By Application

  • Process industries
  • Discrete industries
  • HVAC
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