Medium And High Power Motors Market Size, Share & Trends Analysis Report By Product (AC Motor, DC Motor), By Voltage (Medium Voltage, High Voltage), By Application, By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global medium and high power motors market size was valued at USD 5.43 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030. The market growth is attributed to the rapid growth in the manufacturing sector and increased demand for motors with less energy consumption. Strict government regulation regarding energy consumption has resulted in motor manufacturers having higher energy efficiency and better performance. Therefore, the old and less efficient motors are replaced with new energy-efficient motors in various industries. Hence, these factors have resulted in the growth of the medium and high-power motors market.

Industries prefer energy-efficient motors as they reduce the overall cost for the company. This increase indicates an increased awareness of sustainability and maximizing resources in industrial activities. Industries are emphasizing energy-efficient solutions to minimize environmental impact and lower operational expenses. As a result, there is a significant increase in demand for motors that provide better performance while using less energy. With the increasing demand for motors that consume less energy, manufacturers are pushed to develop new and advanced solutions to adapt to changing market needs and promote environmentally friendly industrial practices.

There has been an increase in the number of old, outdated motors replaced with new, more efficient ones. This trend of replacing motors complies with government regulations, improves operational performance, and lowers energy consumption. Introducing more rigorous rules promotes this shift, leading industries to invest in motor solutions that comply with or surpass efficiency requirements. Furthermore, with the growth in the manufacturing industry, there is an increase in the demand for motors with high power and better efficiency. Therefore, these factors have resulted in the growth of this market.

Product Insights

The AC motor segment dominated the market in 2023, with a share of 75.6%. The market growth is attributed to rapid industrialization and increased demand for higher efficiency and performance for AC motors. Major companies have invested heavily in developing AC motors that have improved efficiency, power, and reliability. Furthermore, strict regulations regarding energy consumption have resulted in upgrading old AC motors with new and advanced AC motors that are more efficient. These factors have contributed to the market growth of this segment.

The DC motor segment is expected to grow at a CAGR of 4.9% during the forecast period. This market growth is attributed to the growth in the manufacturing sector and increased demand for reliable motors. DC motors are mainly used for their speed control capabilities. They can operate at different speeds with better accuracy and torque. Furthermore, major companies are launching DC motors with better efficiency and reliability. Hence, these factors contribute to the positive market growth of this segment.

Voltage Insights

The high voltage segment dominated the market in 2023, with a share of 66.6% in 2023. This market growth is attributed to the rise in the industry using heavy-duty motors due to their high output capabilities. There is an increase in the demand for high-voltage motors in sectors such as mining, oil and gas, and more. Significant companies invest heavily in developing motors with high voltage and better efficiency. Government regulations supporting high-voltage motors have further resulted in market growth. Moreover, with the rising industrialization, many industries are upgrading their low-output motors with high-voltage motors to improve their productivity. Hence, these factors have resulted in the market growth of this segment.

The medium voltage segment is projected to grow at a CAGR of 4.4% during the forecast period. This market growth is attributed to the increased use of medium voltage motors due to their energy efficiency and reliability. The market is growing due to rapid industrialization and increased demand for energy-efficient motors. Furthermore, companies are replacing their old motors with more efficient and reliable motors. Therefore, these factors are responsible for the market growth of this segment.

Application Insights

The industrial machinery segment dominated the market in 2023, with a share of 40.4%. This market growth was due to increased demand for motors with better efficiency. There is an increase in demand for medium and high power motors due to rapid industrialization as companies seek to improve their production. Furthermore, companies are replacing their old motors with high power, energy-efficient motors. Hence, these factors are responsible for the market growth of this segment.

The aerospace and transportation segment is expected to grow at a CAGR of 6.8% during the forecast period. This market growth is attributed to the growth in the aerospace industry and increased demand for medium and high power motors for the propulsion systems used in this sector. Companies are adopting measures to decrease carbon emissions and improve fuel efficiency in this industry. Hence, these factors have contributed to the market growth of this segment.

Regional Insights

North America had a market share of 24.3% in 2023. This growth was attributed to the presence of key market players and the adoption of energy-saving measures to reduce production costs. Government regulations regarding energy consumption have resulted in companies manufacturing motors with better efficiency and performance. Furthermore, the growing manufacturing industry has increased demand for medium and high-power motors. Therefore, these factors contribute to the market growth of this segment.

U.S. Medium And High Power Motors Market Trends

The U.S. dominated the North American market in 2023. The factors responsible for the market growth in the country are the increase in the demand for efficient medium and high-power motors due to the growing manufacturing industry. Government initiatives regarding energy consumption and carbon emissions have increased demand for more efficient motors. Furthermore, companies are replacing their old motors with new efficient motors to improve production and reduce costs.

Asia Pacific Medium And High Power Motors Market Trends

Asia Pacific dominated the medium and high power motors market with a market share of 51.1% in 2023. This market growth resulted from the presence of a developed manufacturing industry and an abundance of raw materials. As companies in this region focus on improving their productivity, there is an increase in the demand for medium- and high-power motors, as companies are adopting motors with better efficiency and reliability. Furthermore, government regulations regarding energy consumption have increased the demand for efficient motors. Therefore, these factors have resulted in the market growth of this segment.

China held a substantial market share of 61.7% in the Asia Pacific medium and high power motors market due to its developed manufacturing industry and increased adoption of energy-efficient medium and high-power motors. Companies are implementing energy-saving measures to improve their productivity and cut manufacturing costs, increasing the demand for energy-efficient motors. Furthermore, strict government regulations have resulted in companies upgrading their old motors with new efficient motors. Therefore, these factors are responsible for the country's market growth.

Europe Medium And High Power Motors Market Trends

Europe medium and high-power motors market was identified as a lucrative region in this industry, as it had a market share of 15.5% in 2023. This growth resulted from the rising emphasis on regulating carbon emissions and reducing energy consumption as the government has been actively spreading awareness regarding energy conservation. Major companies manufacture motors that comply with government regulations. Furthermore, rapid industrialization has increased the demand for efficient medium and high powered motors. Therefore, these factors have resulted in the growth of this market in this region.

The UK medium and high power motors market is expected to proliferate due to rapid industrialization and increasing awareness of the need to minimize energy consumption and carbon emissions. Companies are adopting energy-saving measures to improve their productivity, which increases the demand for energy-efficient and reliable motors. Therefore, these factors contribute to this country's market growth of medium and high-power motors.

Key Medium And High Power Motors Company Insights

Some of the major companies in the medium and high power motors market are Allied Motion, Inc., Ametek, Inc., ARC Systems, Inc., Asmo, and others. Companies are focusing on innovation in manufacturing of motors in order to improve the output and reduce the energy consumption and cost.

• Allied Motion, Inc. is a company that designs, manufactures and sells precision motion control components and systems used in a broad range of industries such as aerospace, defense, medical, vehicle, commercial, and more. The company also manufactures electric motors, gear motors, control electronics, and more.

• Ametek, Inc. is a manufacturer of electronic instruments and eletromechanical devices. The company specializes in manufacturing motors and components for industries such as aerospace, defense, heavy vehicles, oil, gas and more.

Recent Developments

• In September 2023, Rockwell Automation announced a partnership with Infinitum, a company that specializes in sustainable air core motor. Both the companies agreed to jointly develop and distribute new motor technology having high efficiency and integrated low voltage drive. This technology will aid in reducing energy consumption and costs for the customers.

• In March 2023, Siemens AG announced the launch of their new motor and large drives company named Innomotics. Siemens AG combined the business activities regarding low to high voltage motors, medium voltage motors and geared motors with Innomotics.

Medium And High Power Motors Market Report Scope

Global Medium And High Power Motors Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medium and high power motors Market report based on technology, product, voltage, application, and region.

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • AC Motor

  • Single Phase

  • Three Phase

  • DC Motor

  • Brushed

  • Brushless

• Voltage Outlook (Revenue, USD Million, 2018 - 2030)

  • Medium Voltage

  • High Voltage

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Automotive

  • HVAC Equipment

  • Industrial Machinery

  • Aerospace & Tranportation

  • Commercial

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE