Medium and High Power Motors Market Report 2026

The medium and high power motors market size has grown strongly in recent years. It will grow from $6.88 billion in 2025 to $7.28 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industrial electrification, infrastructure development, heavy machinery usage, motor-driven process expansion, power generation projects.

The medium and high power motors market size is expected to see strong growth in the next few years. It will grow to $9.13 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to energy efficiency mandates, EV manufacturing growth, smart factory adoption, predictive maintenance demand, renewable energy infrastructure. Major trends in the forecast period include demand for energy-efficient motors, growth of high-power industrial applications, adoption of variable speed drives, expansion of electrified infrastructure projects, integration of smart motor monitoring.

The increasing demand for electric vehicles is expected to drive the growth of the medium and high-power motors market. This surge in demand is largely driven by growing concerns over environmental pollution. Electric vehicles (EVs) produce zero tailpipe emissions, making them vital for reducing air pollution and minimizing reliance on fossil fuels. To meet the performance requirements of electric vehicles, particularly in the heavy-duty and high-performance segments, medium and high-power motors are essential. These motors provide the necessary torque and power, improving vehicle efficiency, speed, and reliability under demanding conditions. For example, according to Road Genius, an Australia-based licensed interstate freight carrier, electric vehicle sales in the country reached 85,329 units by September 2024, including 69,895 Battery Electric Vehicles (BEVs) and 15,424 Plug-in Hybrid Electric Vehicles (PHEVs). Additionally, in 2023, total EV sales reached 98,409 units, reflecting a 60% increase from the previous year. As a result, the rising demand for electric vehicles is fueling the growth of the medium and high-power motors market.

Leading companies in the medium and high-power motors market are focusing on the development of next-generation E-motors to enhance power density, improve thermal management, and meet the evolving needs of electric mobility and industrial automation. These next-generation E-motors are designed to provide higher efficiency, reduced size and weight, and better integration with modern power electronics and control systems. For instance, in January 2024, Magna International, a Canada-based manufacturing company, introduced its Magna eDrive, a next-generation 800-volt E-motor. This advanced eDrive solution offers superior efficiency, an exceptional power-to-weight ratio, and increased torque density, with improved thermal management and optimized energy usage.

In March 2024, Siemens AG, a Germany-based automation company, acquired Ebm-papst for an undisclosed amount. This acquisition strengthens Siemens' position in factory automation by integrating Ebm-papst’s low-voltage intelligent mechatronic drive systems into its Xcelerator portfolio. The move enhances Siemens' capabilities in battery-powered drive solutions for intralogistics and mobile robotics, opening up new growth opportunities and expanding its global market access. Ebm-papst, a German manufacturer, is known for producing high-quality electric motors.

Major companies operating in the medium and high power motors market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Nidec Corporation, Emerson Electric Co., Danfoss Group, Rockwell Automation Inc., WEG S.A., Regal Rexnord Corporation, Wolong Electric Group Co. Ltd., TECO Electric And Machinery Co. Ltd., CG Power and Industrial Solutions Limited, Hyosung Heavy Industries Corporation, Kirloskar Electric Company Limited, Brook Crompton Holdings Ltd., MENZEL Elektromotoren GmbH, VEM motors Finland Oy, Hoyer Motors A/S.

North America was the largest region in the medium and high power motors market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium and high power 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 medium and high power motors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medium and high power motors market consists of sales of permanent magnet motors, linear motors, high torque motors, step motors, and wound rotor 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.

This product will be delivered within 1-3 business days.