Medium and High Power Electric Motors Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 31.2 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
Between 2018 and 2022, the global Medium and High Power Electric Motors Market was primarily impacted by growing investments in infrastructure and the increasing adoption of renewable energy systems. Electric motors became a cornerstone of energy-efficient technologies, with manufacturers looking for ways to reduce energy consumption and improve operational efficiency. The shift toward electric vehicles (EVs), which demand higher performance motors for their drive systems, acted as a key market driver. Industrial automation, coupled with the expansion of robotics, also contributed to the growing demand for medium and high-power electric motors, especially in manufacturing plants and logistics sectors.
As we move into the period from 2023 to 2033, the demand for these motors is expected to grow at an even faster pace, due to a number of factors. Government incentives and regulations promoting sustainable and clean energy solutions are likely to boost the adoption of electric motors in both commercial and residential sectors. Furthermore, industries that require more powerful motors, such as aviation and marine transportation, will continue to spur innovation. This surge in demand will be fueled by the rapid growth of the electric vehicle sector, with a larger push toward high-performance motors in electric trucks, buses, and trains.
Automakers and OEMs are investing heavily in research and development to meet these evolving needs, which will significantly impact the production of high-power motors. The technological advancements in material science, including the development of lighter and stronger composites, will allow for even more efficient, powerful, and durable electric motors in the coming years. The continuous shift towards decarbonization and electrification will likely open new markets, further expanding the scope of medium and high-power electric motor applications.
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The Medium and High Power Electric Motors Market has witnessed substantial growth from 2018 to 2022, driven by a surge in demand across multiple industries such as automotive, manufacturing, energy, and aerospace. In the past few years, innovations in electric motor technology, alongside the rise of electric vehicles (EVs) and automation, have significantly contributed to this upward trend. However, the post-pandemic era and the shift towards sustainable technologies have introduced a dynamic change in the landscape of this market. With demand projected to continue expanding from 2023 to 2033, the industry is expected to experience a further evolution in its applications, capabilities, and design sophistication.
Siemens AG
GE
Ametek Incorporation
Johnson Electric Holdings Limited
Brook Crompton UK Limited
Baldor Electric Company Incorporation
Franklin Electric Company Incorporation
Regal Beloit Corporation
Rockwell Automation Incorporation
ARC Systems Incorporation
Danaher Motion LLC
Asmo Company Limited
Allied Motion Technologies Incorporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medium and High Power Electric Motors Market
Oil & Gas
Mining
Construction
Food & Beverages
Pulp & Paper
Agriculture
Other
Based on Types the Market is categorized into Below types that held the largest Medium and High Power Electric Motors market share In 2023.
High Power Electric Motors
Medium Power Electric Motors
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medium and High Power Electric Motors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medium and High Power Electric Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medium and High Power Electric Motors Market, By Type
6. Global Medium and High Power Electric Motors Market, By Application
7. Global Medium and High Power Electric Motors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medium and High Power Electric Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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