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Medium Voltage Motors Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023 - Product Image

Medium Voltage Motors Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023

  • ID: 4792916
  • Report
  • Region: Global
  • 136 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB Ltd.
  • General Electric Co.
  • Toshiba Corp.
  • WEG SA.
  • MORE
Global Medium Voltage Motors Market: About this market

Medium voltage motors are used in industrial drives for applications such as rolling mills, traveling cranes, rotary kilns, waving and spinning, and compressors, pumps, and blowers. This medium voltage motors market analysis considers the revenue generation based on products such as AC motors, and DC motors. Our analysis also considers the sales of medium voltage motors in North America, Europe, APAC, MEA, and South America. In 2018, the AC motors segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the operational benefits offered by medium voltage AC motors will play a significant role in the AC motors segment to maintain their market position. Also, our global medium voltage motors market report looks at factors such as the revival of CAPEX cycle in the energy sector, rising focus on energy efficiency due to the high-power consumption of industrial motors, and robust growth of process industries such as cement, steel, water, and wastewater. However, the need for several changes to install medium voltage motors on sites, limited technical knowledge about connection and maintenance, and high exposure of market to industries subject to fluctuating investment cycles may hamper the growth of the medium voltage motors industry over the forecast period.

Global medium voltage motors market: Overview

Rising focus on energy efficiency due to high power consumption of industrial motors

The market is witnessing a significant rise in focus on energy efficiency owing to the high-power consumption of industrial motors. Industrial motors consume more than 30% of the global electricity produced, which has encouraged industries to focus on replacing low voltage motors with medium voltage ones. Thus, the rising focus on energy efficiency will fuel the expansion of the medium voltage motors market at a CAGR of close to 4% during the forecast period.

Development of medium voltage drives and distribution systems

Industrial motors require components such as electric drives and switchgear to optimize their operations. These components facilitate optimal functioning in industrial motors. For instance, switchgear play an important role in regulating the flow of electricity, and electric drives manage the speed, torque, and direction of an electric motor. Thus, the availability of these components is expected to boost the production of medium voltage motors, which will impact the growth of the market during the forecast period.

Competitive Landscape

With the presence of several major players, the global medium voltage motors market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medium voltage motors manufacturers, that include ABB Ltd., General Electric Co., TECO Electric & Machinery Co. Ltd., Toshiba Corp., and WEG SA.

Also, the medium voltage motors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • General Electric Co.
  • Toshiba Corp.
  • WEG SA.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • AC motors - Market size and forecast 2018-2023
  • DC motors - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Process industries - Market size and forecast 2018-2023
  • Discrete industries - Market size and forecast 2018-2023
  • HVAC - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Remote condition monitoring of industrial motors
  • Development of medium voltage drives and distribution systems
  • Declining cost of renewable energy power plants and ESS
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • General Electric Co.
  • TECO Electric & Machinery Co. Ltd.
  • Toshiba Corp.
  • WEG SA
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
PART 16: EXPLORE

List of Exhibits
Exhibit 01: Global industrial automation and communication market
Exhibit 02: Segments of global industrial automation and communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: AC motors - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: AC motors - Year-over-year growth 2019-2023 (%)
Exhibit 21: DC motors - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: DC motors - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by product
Exhibit 24: Customer landscape
Exhibit 25: End-user - Market share 2018-2023 (%)
Exhibit 26: Comparison by end-user
Exhibit 27: Process industries - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Process industries - Year-over-year growth 2019-2023 (%)
Exhibit 29: Discrete industries - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Discrete industries - Year-over-year growth 2019-2023 (%)
Exhibit 31: HVAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: HVAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Market opportunity by end-user
Exhibit 34: Market share by geography 2018-2023 (%)
Exhibit 35: Geographic comparison
Exhibit 36: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 38: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: North America - Year-over-year growth 2019-2023 (%)
Exhibit 40: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 42: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 44: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: South America - Year-over-year growth 2019-2023 (%)
Exhibit 46: Key leading countries
Exhibit 47: Market opportunity
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: ABB Ltd. - Vendor overview
Exhibit 55: ABB Ltd. - Business segments
Exhibit 56: ABB Ltd. - Organizational developments
Exhibit 57: ABB Ltd. - Geographic focus
Exhibit 58: ABB Ltd. - Segment focus
Exhibit 59: ABB Ltd. - Key offerings
Exhibit 60: General Electric Co. - Vendor overview
Exhibit 61: General Electric Co. - Business segments
Exhibit 62: General Electric Co. - Organizational developments
Exhibit 63: General Electric Co. - Geographic focus
Exhibit 64: General Electric Co. - Segment focus
Exhibit 65: General Electric Co. - Key offerings
Exhibit 66: TECO Electric & Machinery Co. Ltd. - Vendor overview
Exhibit 67: TECO Electric & Machinery Co. Ltd. - Organizational developments
Exhibit 68: TECO Electric & Machinery Co. Ltd. - Key offerings
Exhibit 69: Toshiba Corp. - Vendor overview
Exhibit 70: Toshiba Corp. - Business segments
Exhibit 71: Toshiba Corp. - Organizational developments
Exhibit 72: Toshiba Corp. - Geographic focus
Exhibit 73: Toshiba Corp. - Segment focus
Exhibit 74: Toshiba Corp. - Key offerings
Exhibit 75: WEG SA - Vendor overview
Exhibit 76: WEG SA - Product segments
Exhibit 77: WEG SA - Organizational developments
Exhibit 78: WEG SA - Geographic focus
Exhibit 79: WEG SA - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • General Electric Co.
  • Toshiba Corp.
  • WEG SA.
  • MORE
The following companies are recognised as the key players in the global medium voltage motors market: ABB Ltd., General Electric Co., TECO Electric & Machinery Co. Ltd., Toshiba Corp., and WEG SA.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of medium voltage drives and distribution systems.”

According to the report, one of the major drivers for this market is the rising focus on energy efficiency due to the high-power consumption of industrial motors.

Further, the report states that one of the major factors hindering the growth of this market is the limited technical knowledge about connection and maintenance.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • General Electric Co.
  • TECO Electric & Machinery Co. Ltd.
  • Toshiba Corp.
  • WEG SA.
Note: Product cover images may vary from those shown
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