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Global Medium and High Power Electric Motors Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

Medium and high-power electric motors contributed about ten percent of the overall electric motors' size. It was responsible for greater than 90% of the electric power usage. These electric motors are used in valves, fans, process plants, pumps, compressors, machine tools, machine engineering, and mechanical handling. The worldwide medium and high power electric motors market is predicted to witness a CAGR growth of about 7.3 % during the forecasted period. It is estimated that the market will be evaluated at 0.90639 billion US dollars by 2022.

 

 Due to growing costs of power supply owing to the rise in electricity consumption, nations have implemented strict rules regarding power consumption leading to greater use and demand for power-efficient/effective medium & high power electric motors. These electric motors also help reduce manufacturing costs and are used by many industries. Producers of medium and high-power electric motors are required to concentrate on the power efficacy, durability, and reliability of these electric motors, as these are the key aspects that influence the decision of the customer. The worldwide global medium and high power electric motors market have huge potential for growth and expansion owing to the large-scale production of premium efficient electric motors. Growing substitution of obsolete electric motors is also predicted to contribute to the growth and development of the industry. But the highly volatile costs of raw materials and high purchase costs of power-effective electric motors will inhibit the growth and expansion of the global medium and high power electric motors market.The global medium and high power electric motors market is divided by output power, type, efficiency class, end-use market, and geographical location.The global medium and high power electric motors market by output power includes high power electric motors and medium power electric motors.

 

High power electric motors market by type includes DC and AC electric motors. DC electric motors include brushless DC electric motors and brushed electric motors. AC motors include three-phase electric motors and single-phase electric motors.Medium power electric motors market by type includes AC and DC electric motors. AC electric motors include three-phase electric motors and single-phase electric motors. DC electric motors include brushless DC electric motors and brushed electric motors.

 

AC electric motors are the biggest and rapidly growing section. It contributed about 79.4% of the total market revenue in 2012 and is predicted to continue its domination in the future. The growth is mainly due to industry users' growing demand for three-phase AC electric motors. Further, the cost of these electric motors is constantly falling due to a reduction in the costs of inverters that affects the usage of AC three-phase electric motors.The global medium and high power electric motors market by efficiency class includes high efficiency (IE2), super premium efficiency (IE4), standard efficiency (IE1), and nonregulated and premium efficiency (IE3).IE2 efficiency class electric motors lead the market, contributing about 70.7% of revenue to the total revenue market share of the worldwide medium and high power electric motors market in 2012.

 

In the sub-continent of North America, utilization of IE3 efficiency class electric motors has become compulsory. As a result, IE3 efficiency class electric motors are predicted to observe substantial growth during the estimated period owing to rules imposed by respective governments of the respective regions of this sub-continent about the compulsory use of premium effective electric motors.

 

The worldwide medium and high power electric motors market by end-use application includes electric motor vehicle producers, industrial machinery, commercial market & other markets, HVAC producers, and aerospace & other transport.Industrial machinery is further divided into medical devices, petrochemical & oil refining, mining & construction devices, food & beverages, pulp & paper, and other machine tools or industrial tools like industrial escalators and elevators.

 

In 2012, the industrial machinery section was the biggest application segment for medium and high-power electric motor providers. It is predicted to maintain its domination during the estimated period. Strict rules enforced by the governments related to power consumption and the growing significance of minimizing the cost of production are predicted to enhance the demand for power-effective electric motors from the industrial machinery section. As a result, the industrial machinery section was the biggest end-use application section of the global medium and high power electric motors market in 2012. It contributed about 29.6% of the total market share of the global market during that year.

 

Substantial growth and expansion are also predicted to come from the motor vehicle producers and HVAC equipment market sector with their increased production and enhanced monetary conditions during the forecasted span.

 

Commercial and other markets include energy generation and water treatment.

The worldwide medium and high power electric motors market by geographical location includes the subcontinent of North America, the continent of Europe, the APAC zone, and the region of the rest of the world.

 

APAC zone led the global market in 2012 and contributed about 73.5% of that year's total market revenue share of the global medium and high power electric motors market. It is predicted to be a rapidly growing market during the estimated period. The market expansion and growth can be mainly credited to a positive economic overview and rise in production firms in the zone, such as South Korea, China, Indonesia, and China.

 

The sub-continent of North America and Europe are predicted to further lose their market share during the estimated period owing to their diminishing gross domestic output, specifically in key nations like the USA, UK, and Germany.

 

The key firms profiled in this market report include:

  • Brook Crompton UK Limited
  • Baldor Electric Company Incorporation
  • Franklin Electric Company Incorporation
  • Regal Beloit Corporation
  • Rockwell Automation Incorporation
  • ARC Systems Incorporation
  • Siemens AG
  • Danaher Motion LLC
  • Franklin Electric Company Incorporation
  • Regal Beloit Corporation
  • Ametek Incorporation
  • Asmo Company Limited
  • Johnson Electric Holdings Limited
  • Allied Motion Technologies Incorporation

Frequently Asked Questions

The market for Medium and High Power Electric Motors is expected to reach USD 0.90639 billion in 2028.

The Medium and High Power Electric Motors market is expected to see significant CAGR growth over the coming years, at 7.3%.

The report is forcasted to 2022.

The base year of this report is 2021.

Brook Crompton UK Limited, Baldor Electric Company Incorporation, Franklin Electric Company Incorporation, Regal Beloit Corporation, Rockwell Automation Incorporation, ARC Systems Incorporation, Siemens AG, Danaher Motion LLC, Franklin Electric Company Incorporation are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Godaddy
Published Date:  Mar 2016
Category:  Energy Utilities
Report ID:   57734
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
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