Global Medium Voltage Motors Market

Global Medium Voltage Motors Market Overview       

• The Global Medium Voltage Motors Market Size is anticipated to grow from USD 4.3 Billion in 2023 to USD 6.4 Billion by 2033, growing at a CAGR of 4.06% from 2023 to 2033.
• The market growth is driven by the increasing demand for energy-efficient motors in power grids & SMEs and the integration of smart technologies.
• The growth in infrastructure along with the urbanization is driving the use of medium voltage motors for the applications including transportation system, water treatment facilities, and building projects. 
• The medium voltage motors market refers to the market for electric motors designed for operation within a specific voltage range, typically between 1 kV and 35 kV.
• The widespread utilization of HVAC systems and IoT technology integration are further driving market growth.

Major vendors in The Global Medium Voltage Motors Market

Siemens AG, Wolong Electric Group Co. ltd., ABB, Shanghai Electric, TECO, WEG, General Electric, Toshiba, SEC Electric Machinery Company, Nidec, SEVA-tec GmbH, Hoyer Motors, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the Medium Voltage Motors market based on the below-mentioned segments:

Global Medium Voltage Motors Market, By Power

• Up to 200 kW
• 200 to 2000 kW
• 2000 to 10000 kW
• 10000 to 20000 kW
• Above 20000 kW

Global Medium Voltage Motors Market, By Type

• Synchronous Motors
• Asynchronous Motors
• DC Motor 

Global Medium Voltage Motors Market, By End User

• Process industries
• Discrete industries
• HVAC

Global Medium Voltage Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa