Industrial High Voltage Motor Global Market Report 2025

The industrial high voltage motor market size has grown strongly in recent years. It will grow from $1.79 billion in 2024 to $1.88 billion in 2025 at a compound annual growth rate (CAGR) of 5%. The growth during the historic period can be attributed to factors such as rising industrial energy consumption, the increasing use of robotics and automation in manufacturing, a growing demand for power generation, a stronger focus on sustainability and eco-friendly solutions, and the rising need for high-performance machinery in heavy industries.

The industrial high voltage motor market size is expected to see steady growth in the next few years. It will grow to $2.26 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth during the forecast period is expected to be driven by factors such as the increasing adoption of electric vehicles and charging stations, rising industrial production in emerging markets, growing demand for high-performance motors in heavy industries, a rising need for energy-efficient solutions in manufacturing, and an increasing demand for clean and reliable power sources. Key trends in the forecast period include advancements in motor efficiency and performance, new cooling technologies for high-voltage motors, innovations in smart motor control systems, integration of variable frequency drives (VFDs) for energy savings, and progress in condition monitoring and predictive maintenance.

The growing number of renewable energy projects is expected to drive the expansion of the industrial high-voltage motor market. These projects focus on generating power from natural, renewable resources such as solar, wind, water, geothermal heat, and biomass. The increase in such initiatives is largely driven by the rising environmental concerns and the need to reduce carbon emissions for climate change mitigation. Industrial high-voltage motors play a key role in supporting renewable energy projects by offering sustainable and cost-effective power solutions, reducing reliance on fossil fuels, and lowering operational costs while promoting eco-friendly industrial practices. For example, in February 2024, the World Resources Institute, a US-based non-profit, reported that the United States saw a record 31 gigawatts (GW) of solar energy capacity installed in 2023, a 55% increase from 2022. As a result, the growth of renewable energy projects is contributing to the market expansion of industrial high-voltage motors.

Leading companies in the industrial high-voltage motor market are concentrating on innovative products such as Electrically Excited Synchronous Motors (EESMs) to improve energy efficiency, reduce dependence on rare-earth materials, and offer high-performance solutions for industrial applications. An EESM is a type of synchronous motor that uses an electromagnet powered by external electricity to create a magnetic field in the rotor, rather than relying on permanent magnets. For instance, in December 2023, Renault Group, a French automobile manufacturer, unveiled its next-generation EESM, featuring a hairpin stator. This design eliminates the need for rare-earth magnets while achieving performance comparable to Permanent Magnet Synchronous Motors (PMSMs). The motor boasts a 30% increase in power density and a 30% reduction in carbon footprint, optimized for 800V systems with outputs up to 200 kW. Additionally, this technology was developed further in collaboration with MAHLE for high-performance electric vehicles (220-350 kW), providing enhanced thermal management and improved highway efficiency for long-range EVs.

In September 2023, WEG Industries, a Brazilian company specializing in motors and generators, acquired Regal Rexnord’s motors and generators business for $400 million. This acquisition is part of WEG Industries’ strategy to strengthen its global position by integrating Regal Rexnord’s industrial high-voltage motor expertise. Regal Rexnord, based in the United States, is known for manufacturing industrial high-voltage motors.

Major players in the industrial high voltage motor market are Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Nidec Corporation, Shanghai Electric Machinery Co. Ltd., Danfoss Group, WEG S.A., Regal Rexnord Corporation, SEW-Eurodrive GmbH And Co KG, Wolong Electric Group Co. Ltd., Meidensha Corporation, TECO Electric And Machinery Co. Ltd., CG Power and Industrial Solutions Ltd., Kirloskar Electric Company Ltd., Brook Crompton Holdings Ltd., MENZEL Elektromotoren GmbH, Hoyer Motors.

Asia-Pacific was the largest region in the industrial high voltage motor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in industrial high voltage motor report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the industrial high voltage motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An industrial high-voltage motor is an electric motor designed to operate at voltages typically above 1,000 volts. It is commonly used in heavy-duty applications such as pumps, compressors, and conveyors in industries such as power, mining, and manufacturing. These motors offer high efficiency, reduced current consumption for large-scale operations, and reliable performance under demanding conditions.

The main types of industrial high-voltage motors are squirrel cage motors and slip ring motors. Squirrel cage motors are a type of induction motor in which the rotor consists of laminated cores with conductive bars shorted at both ends, resembling a squirrel cage. These motors come with various cooling systems, including air-cooled, water-cooled, and oil-cooled options. They are used in a wide range of industries, such as paper manufacturing, cement production, mining, chemical processing, oil and gas, and metal processing. These motors serve applications in industrial, commercial, utility, and other sectors.

The industrial high voltage motor market research report is one of a series of new reports that provides industrial high voltage motor market statistics, including the industrial high voltage motor industry global market size, regional shares, competitors with the industrial high voltage motor market share, detailed industrial high voltage motor market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial high voltage motor industry. This industrial high voltage motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The industrial high voltage motor market consists of sales of high voltage servo motors, vertical high voltage motors, high torque motors, high voltage dc motors, and custom-built high voltage 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 and 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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