High Voltage Motors Market Report 2026

The high voltage motors market size has grown steadily in recent years. It will grow from $6.72 billion in 2025 to $6.96 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to expansion of heavy industries, demand for large-capacity motors, growth of power infrastructure, industrial electrification, reliance on induction motors.

The high voltage motors market size is expected to see steady growth in the next few years. It will grow to $8.03 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to decarbonization of industrial operations, replacement of aging motors, adoption of smart motor monitoring, growth in renewable energy integration, industrial automation expansion. Major trends in the forecast period include growing demand for high-power industrial drives, expansion of mining and cement industries, adoption of energy-efficient motor systems, integration of variable frequency drives, focus on operational reliability.

The rising demand for electrical energy is expected to drive the growth of the high-voltage motors market in the coming years. Electrical energy is generated by the movement of electric charges and is widely used to power devices and systems. The increase in electrical energy consumption is largely driven by industrialization, as expanding manufacturing activities, infrastructure development, and the adoption of energy-intensive machinery significantly raise electricity demand across industrial sectors. High-voltage motors support electrical energy use by efficiently converting it into mechanical power for heavy industrial applications, minimizing energy losses and improving overall system performance. For example, in March 2025, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that global electricity demand rose by 4.3% in 2024, up from 2.5% growth in 2023. Therefore, the growing demand for electrical energy is supporting the expansion of the high-voltage motors market.

Leading companies in the high voltage motors market are adopting advanced technologies such as synchronous reluctance-assisted permanent magnet (SyR-PM) technology to enhance energy efficiency and motor performance. SyR-PM technology combines the benefits of magnetic reluctance and permanent magnets to boost torque density, energy efficiency, and power factor - key performance factors for high voltage motors used in demanding environments. For instance, in December 2024, Danfoss Power Solutions, a U.S.-based motor manufacturer, introduced the Editron EM-PMI375 690-V electric motor, which is designed for high-demand applications such as marine vessels and material handling. Featuring up to 96% efficiency and improved altitude performance, the motor is based on SyR-PM technology and is paired with the Editron EC-C1700B inverter, supporting both 690-Vac and 1,050-Vdc systems. It is available in four sizes with torque ratings from 200 Nm to 1,100 Nm and power outputs up to 296 kW, offering flexibility for a range of industrial uses.

In December 2024, WEG S.A., a Brazil-based manufacturer of motors and generators, acquired Volt Electric Motor for $88 million. This acquisition aims to expand WEG’s market footprint across Europe, the Middle East, and Central Asia, while also enhancing its high voltage motor product line. Additionally, WEG gains access to Volt Electric Motor’s manufacturing facility in Turkey, increasing its production capacity. Volt Electric Motor is a Turkey-based company specializing in the production of induction electric motors, including high voltage variants.

Major companies operating in the high voltage motors market are ABB Ltd., Siemens AG, GE Vernova LLC, Mitsubishi Electric Corporation, WEG S.A., Nidec Corporation, Hyosung Heavy Industries Corporation, Shanghai Electric Machinery Co., Ltd., Wolong Electric Group Co., Ltd., TECO Electric & Machinery Co., Ltd., CG Power and Industrial Solutions Ltd., Kirloskar Electric Company Ltd., MENZEL Elektromotoren GmbH, VEM Group (VEM motors GmbH / VEM motors Finland Oy), Hoyer Motors A/S, TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation), Toshiba Industrial Products and Systems Corporation, Hitachi Industrial Equipment Systems Co., Ltd., Hyundai Electric & Energy Systems Co., Ltd., Bharat Heavy Electricals Limited (BHEL), Larsen & Toubro Heavy Engineering (L&T), Brook Crompton Electric Motors.

Asia-Pacific was the largest region in the high voltage motors market in 2025. The regions covered in the high voltage motors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high voltage motors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The high voltage motors market consists of sales of slip ring motors, permanent magnet motors, brushless DC motors, high voltage servo motors, and high voltage custom or engineered motors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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