The global medium and high power motors market size is expected to reach USD 7.41 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2024 to 2030. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.
Favorable government initiatives and subsidies encouraging the use of these products are also estimated to contribute significantly towards industry growth. However, high purchase cost and the lack of awareness may pose challenges to growth over the next few years. Continual rise in energy costs along with improving economic condition of industrial users may offer new avenues for industry growth.
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Favorable government initiatives and subsidies encouraging the use of these products are also estimated to contribute significantly towards industry growth. However, high purchase cost and the lack of awareness may pose challenges to growth over the next few years. Continual rise in energy costs along with improving economic condition of industrial users may offer new avenues for industry growth.
Medium And High Power Motors Market Report Highlights
- The AC motor segment dominated the market in 2023, with a share of 75.6%. The market growth is attributed to rapid industrialization and increased demand for higher efficiency and performance for AC motors.
- The high voltage segment dominated the market in 2023, with a share of 66.6% in 2023. This market growth is attributed to the rise in the industry using heavy-duty motors due to their high output capabilities.
- The industrial machinery segment dominated the market in 2023, with a share of 40.4%. This market growth was due to increased demand for motors with better efficiency.
- Asia Pacific dominated the medium and high power motors market with a market share of 51.1% in 2023.
The leading players in the Medium and High Power Motors market include:
- Allied Motion, Inc.
- Ametek, Inc.
- ARC Systems, Inc.
- Asmo
- ABB
- Brook Crompton Holdings Pte Ltd.
- Danaher Corporation
- Franklin Electric
- Johnson Electric Holdings Ltd.
- Regal Rexnord Corporation
- Rockwell Automation
- Siemens AG
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Medium and High Power Motors Market Variables, Trends, & Scope
Chapter 4. Medium and High Power Motors Market: Product Estimates & Trend Analysis
Chapter 5. Medium and High Power Motors Market: Voltage Estimates & Trend Analysis
Chapter 6. Medium and High Power Motors Market: Application Estimates & Trend Analysis
Chapter 7. Medium and High Power Motors Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Medium and High Power Motors market include:- Allied Motion, Inc.
- Ametek, Inc.
- ARC Systems, Inc.
- Asmo
- ABB
- Brook Crompton Holdings Pte Ltd.
- Danaher Corporation
- Franklin Electric
- Johnson Electric Holdings Ltd.
- Regal Rexnord Corporation
- Rockwell Automation
- Siemens AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.43 Billion |
| Forecasted Market Value ( USD | $ 7.41 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
