Global Medium Voltage Motors & Drives Market is experiencing a compound annual growth rate (CAGR) of 4.2% 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 their impact on the market. Medium voltage motors & drives are designed for high performance and are appropriate for applications where high output motors are needed.
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 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 the UK, Germany, France, Italy, and the Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. The rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
The key players operating in the global medium voltage motors & drives market are Marathon Electric Motors (Regal Beloit), WEG, Mitsubishi, Siemens, GE, TMEIC, MEIDENSHA, Nidec Motors, Teco, ABB, MENZEL Motors, HELMKE, VEM Group, and ATB Motors among others.
The Highlights of the Report
Scope of the Global Medium Voltage Motors & Drives Market