중 및 고출력 전기모터 시장 규모, 시장 점유율, 용도 분석, 지역별 전망, 성장 동향, 주요 기업, 경쟁 전략, 예측(2023-2031년)

The global medium and high power motors market is a large and rapidly growing market. These motors are widely used in various industries such as manufacturing, HVAC systems, transportation, renewable energy systems, and aerospace, among others. Medium and high power motors are designed to handle heavy loads and continuous operation, making them an essential component in many industrial applications. The global medium and high power electric motors market will grow at a CAGR of approximately 6.7% during the period 2023-2031 due to the increasing investments in renewable energy projects such as wind and solar power generation as a major factor driving the market growth.

Energy Efficiency Regulations

Energy efficiency regulations are a key driver for the increased adoption of medium and high-power electric motors. These regulations mandate minimum efficiency levels for electric motors, with higher efficiency motors being preferred due to their lower energy consumption and cost savings. In the United States, the Department of Energy (DOE) regulates motor efficiency through the Energy Policy Act (EPAct) of 1992 and the Energy Independence and Security Act (EISA) of 2007. In Europe, the European Commission implemented energy efficiency standards for motors in 2009 through the European Union's Eco-Design Directive. The benefits of energy-efficient motors are evident in their reduced operating costs and environmental impact. According to the US Department of Energy, energy-efficient motors can save up to 30% on energy costs compared to standard motors. Additionally, the reduced energy consumption leads to a smaller carbon footprint, contributing to a more sustainable future.

Increased Demand for Automation

The demand for automation is another key driver for the adoption of medium and high-power electric motors. Automation has become an integral part of many industries, such as manufacturing, automotive, and aerospace. The use of electric motors in automated systems offers benefits such as precise control, high-speed operation, and reduced maintenance requirements. The International Federation of Robotics (IFR) reported that the sales of robots increased by 12% in 2020, with a record high of 373,000 units sold worldwide. The use of electric motors in these robots is crucial for their operation, and as the demand for automation continues to grow, the demand for electric motors will likely follow suit.

Growing Use in Renewable Energy Systems

The growing use of renewable energy systems is a third driver for the adoption of medium and high-power electric motors. Renewable energy systems, such as wind turbines and solar panels, require electric motors to convert the energy generated into usable electricity. As the demand for renewable energy sources increases, so does the demand for electric motors. The International Energy Agency (IEA) reported that renewable energy sources accounted for 72% of global power additions in 2019. This trend is expected to continue, with the IEA projecting that renewable energy will account for almost 90% of new power capacity additions by 2025. The increased adoption of renewable energy systems will drive the demand for electric motors in these systems, creating opportunities for the manufacturers of medium and high-power electric motors.

High Initial Investment Costs

Despite the numerous drivers for the medium and high-power electric motor market, one key restraint is the high initial investment costs associated with these motors. Compared to their lower power counterparts, medium and high-power electric motors are typically more expensive to purchase and install. The higher cost of these motors can be attributed to the larger size and complexity of their components, as well as the need for more advanced control systems. Additionally, some industries may require specialized motors that are designed for specific applications, further driving up costs. For example, according to the Electric Power Research Institute, the cost of a 500 horsepower (hp) medium-voltage electric motor can range from $20,000 to $80,000, depending on the specific requirements and features needed. In comparison, a 50 hp low-voltage motor may cost as little as $1,000. The high initial investment costs can be a significant barrier to entry for some industries, particularly those with limited budgets or profit margins. However, it is important to note that the higher efficiency and lower operating costs of medium and high-power electric motors can provide a return on investment over time. Nevertheless, the initial cost may still be a deterrent for some industries or businesses, and may impact the rate of adoption of these motors.

AC Motors Dominated the Market by Product

The AC motor segment accounted for the largest share of the medium and high-power electric motor market in 2022, with a revenue percentage of approximately 60% due to their versatility and widespread use in various applications, including pumps, compressors, fans, and conveyors. This makes AC motors a popular choice for industrial applications. Moreover, AC motors are more cost-effective than DC motors, as they do not require the use of a separate power supply for controlling the speed. This reduces the overall cost of the motor and makes it more affordable for a wide range of applications.

Automotive Dominated the Market by Application

The automotive segment is currently the largest revenue-generating segment in the medium and high-power electric motors market. The percentage of revenue share for the automotive segment can vary by region and company performance, but it is generally estimated to be around 50% or more of the overall market revenue. The automotive segment is expected to hold the highest revenue due to the increasing demand for electric vehicles (EVs) and hybrid vehicles, which require electric motors for propulsion. With the rising concerns over climate change and the need for sustainable transportation, governments around the world are implementing regulations and incentives to promote the adoption of EVs. This, in turn, is expected to drive the demand for electric motors in the automotive industry. Furthermore, advancements in electric motor technology, such as the development of permanent magnet motors, are expected to improve the efficiency and performance of electric vehicles, leading to higher demand and revenue growth in the automotive segment. Additionally, the development of autonomous vehicles and the need for highly efficient electric motors in these vehicles is also expected to drive revenue growth in the automotive segment.

North America Remains as the Global Leader and the Growth Leader

In 2022, the Asia Pacific region held the largest share of the medium and high-power electric motors market, accounting for approximately 45% of the market revenue. The Asia Pacific region's dominance in the medium and high-power electric motors market can be attributed to various factors such as the region's rapid industrialization and urbanization, the increasing demand for electric vehicles and renewable energy, and the government's initiatives to promote sustainable transportation and renewable energy. The percentage of revenue generated by the Asia Pacific region in the medium and high-power electric motors market can vary depending on the time frame and market conditions.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Medium And High Power Electric Motors market are as follows:

• Research and development budgets of manufacturers and government spending

• Revenues of key companies in the market segment

• Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Medium And High Power Electric Motors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

• AC Motor
• Single Phase
• Three Phase
• DC Motor
• Brushed
• Brushless

Voltage

• Medium voltage
• High voltage

Application

• Automotive
• HVAC System
• Industrial Machinery
• Aerospace Transportation
• Commercial
• Others

Region Segment (2021-2031; US$ Million)

• North America
  • U.S.
  • Canada
  • Rest of North America

• UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

• Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report:

• What are the key micro and macro environmental factors that are impacting the growth of Medium And High Power Electric Motors market?

• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

• Estimated forecast and market projections up to 2031.

• Which segment accounts for the fastest CAGR during the forecast period?

• Which market segment holds a larger market share and why?

• Are low and middle-income economies investing in the Medium And High Power Electric Motors market?

• Which is the largest regional market for Medium And High Power Electric Motors market?

• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

• Which are the key trends driving Medium And High Power Electric Motors market growth?

• Who are the key competitors and what are their key strategies to enhance their market presence in the Medium And High Power Electric Motors market worldwide?

Table of Contents

1. Preface

• 1.1. Report Description
  • 1.1.1. Purpose of the Report
  • 1.1.2. Target Audience
  • 1.1.3. Key Offerings
• 1.2. Market Segmentation
• 1.3. Research Methodology
  • 1.3.1. Phase I - Secondary Research
  • 1.3.2. Phase II - Primary Research
  • 1.3.3. Phase III - Expert Panel Review
  • 1.3.4. Assumptions
  • 1.3.5. Approach Adopted

2. Executive Summary

• 2.1. Market Snapshot: Global Medium And High Power Electric Motors Market
• 2.2. Global Medium And High Power Electric Motors Market, By Product, 2022 (US$ Million)
• 2.3. Global Medium And High Power Electric Motors Market, By Voltage, 2022 (US$ Million)
• 2.4. Global Medium And High Power Electric Motors Market, By Application, 2022 (US$ Million)
• 2.5. Global Medium And High Power Electric Motors Market, By Geography, 2022 (US$ Million)
• 2.6. Attractive Investment Proposition by Geography, 2022

3. Medium And High Power Electric Motors Market: Competitive Analysis

• 3.1. Market Positioning of Key Medium And High Power Electric Motors Market Vendors
• 3.2. Strategies Adopted by Medium And High Power Electric Motors Market Vendors
• 3.3. Key Industry Strategies
• 3.4. Tier Analysis 2022 Versus 2031

4. Medium And High Power Electric Motors Market: Macro Analysis & Market Dynamics

• 4.1. Introduction
• 4.2. Global Medium And High Power Electric Motors Market Value, 2021 - 2031, (US$ Million)
• 4.3. Market Dynamics
  • 4.3.1. Market Drivers
  • 4.3.2. Market Restraints
  • 4.3.3. Key Challenges
  • 4.3.4. Key Opportunities
• 4.4. Impact Analysis of Drivers and Restraints
• 4.5. See-Saw Analysis

5. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)

• 5.1. Market Overview
• 5.2. Growth & Revenue Analysis: 2022 Versus 2031
• 5.3. Market Segmentation
  • 5.3.1. AC Motor
    • 5.3.1.1. Single Phase
    • 5.3.1.2. Three Phase
  • 5.3.2. DC Motor
    • 5.3.2.1. Brushed
    • 5.3.2.2. Brushless

6. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)

• 6.1. Market Overview
• 6.2. Growth & Revenue Analysis: 2022 Versus 2031
• 6.3. Market Segmentation
  • 6.3.1. Medium voltage
  • 6.3.2. High voltage

7. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

• 7.1. Market Overview
• 7.2. Growth & Revenue Analysis: 2022 Versus 2031
• 7.3. Market Segmentation
  • 7.3.1. Automotive
  • 7.3.2. HVAC System
  • 7.3.3. Industrial Machinery
  • 7.3.4. Aerospace Transportation
  • 7.3.5. Commercial
  • 7.3.6. Others

8. North America Medium And High Power Electric Motors Market, 2021-2031, USD (Million)

• 8.1. Market Overview
• 8.2. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
• 8.3. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
• 8.4. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
• 8.5.Medium And High Power Electric Motors Market: By Region, 2021-2031, USD (Million)
  • 8.5.1.North America
    • 8.5.1.1. U.S.
      • 8.5.1.1.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 8.5.1.1.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 8.5.1.1.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 8.5.1.2. Canada
      • 8.5.1.2.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 8.5.1.2.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 8.5.1.2.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 8.5.1.3. Rest of North America
      • 8.5.1.3.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 8.5.1.3.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 8.5.1.3.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

9. UK and European Union Medium And High Power Electric Motors Market, 2021-2031, USD (Million)

• 9.1. Market Overview
• 9.2. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
• 9.3. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
• 9.4. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
• 9.5.Medium And High Power Electric Motors Market: By Region, 2021-2031, USD (Million)
  • 9.5.1.UK and European Union
    • 9.5.1.1. UK
      • 9.5.1.1.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.1.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.1.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 9.5.1.2. Germany
      • 9.5.1.2.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.2.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.2.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 9.5.1.3. Spain
      • 9.5.1.3.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.3.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.3.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 9.5.1.4. Italy
      • 9.5.1.4.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.4.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.4.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 9.5.1.5. France
      • 9.5.1.5.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.5.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.5.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 9.5.1.6. Rest of Europe
      • 9.5.1.6.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 9.5.1.6.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 9.5.1.6.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

10. Asia Pacific Medium And High Power Electric Motors Market, 2021-2031, USD (Million)

• 10.1. Market Overview
• 10.2. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
• 10.3. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
• 10.4. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
• 10.5.Medium And High Power Electric Motors Market: By Region, 2021-2031, USD (Million)
  • 10.5.1.Asia Pacific
    • 10.5.1.1. China
      • 10.5.1.1.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.1.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.1.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 10.5.1.2. Japan
      • 10.5.1.2.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.2.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.2.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 10.5.1.3. India
      • 10.5.1.3.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.3.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.3.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 10.5.1.4. Australia
      • 10.5.1.4.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.4.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.4.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 10.5.1.5. South Korea
      • 10.5.1.5.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.5.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.5.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 10.5.1.6. Rest of Asia Pacific
      • 10.5.1.6.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 10.5.1.6.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 10.5.1.6.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

11. Latin America Medium And High Power Electric Motors Market, 2021-2031, USD (Million)

• 11.1. Market Overview
• 11.2. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
• 11.3. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
• 11.4. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
• 11.5.Medium And High Power Electric Motors Market: By Region, 2021-2031, USD (Million)
  • 11.5.1.Latin America
    • 11.5.1.1. Brazil
      • 11.5.1.1.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 11.5.1.1.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 11.5.1.1.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 11.5.1.2. Mexico
      • 11.5.1.2.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 11.5.1.2.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 11.5.1.2.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 11.5.1.3. Rest of Latin America
      • 11.5.1.3.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 11.5.1.3.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 11.5.1.3.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

12. Middle East and Africa Medium And High Power Electric Motors Market, 2021-2031, USD (Million)

• 12.1. Market Overview
• 12.2. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
• 12.3. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
• 12.4. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
• 12.5.Medium And High Power Electric Motors Market: By Region, 2021-2031, USD (Million)
  • 12.5.1.Middle East and Africa
    • 12.5.1.1. GCC
      • 12.5.1.1.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 12.5.1.1.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 12.5.1.1.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 12.5.1.2. Africa
      • 12.5.1.2.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 12.5.1.2.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 12.5.1.2.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)
    • 12.5.1.3. Rest of Middle East and Africa
      • 12.5.1.3.1. Medium And High Power Electric Motors Market: By Product, 2021-2031, USD (Million)
      • 12.5.1.3.1. Medium And High Power Electric Motors Market: By Voltage, 2021-2031, USD (Million)
      • 12.5.1.3.1. Medium And High Power Electric Motors Market: By Application, 2021-2031, USD (Million)

13. Company Profile

• 13.1. Hyundai Heavy Industries
  • 13.1.1. Company Overview
  • 13.1.2. Financial Performance
  • 13.1.3. Product Portfolio
  • 13.1.4. Strategic Initiatives
• 13.2. Toshiba Corporation
  • 13.2.1. Company Overview
  • 13.2.2. Financial Performance
  • 13.2.3. Product Portfolio
  • 13.2.4. Strategic Initiatives
• 13.3. WEG SA
  • 13.3.1. Company Overview
  • 13.3.2. Financial Performance
  • 13.3.3. Product Portfolio
  • 13.3.4. Strategic Initiatives
• 13.4. TECO Electric & Machinery Co. Ltd
  • 13.4.1. Company Overview
  • 13.4.2. Financial Performance
  • 13.4.3. Product Portfolio
  • 13.4.4. Strategic Initiatives
• 13.5. ATB Group
  • 13.5.1. Company Overview
  • 13.5.2. Financial Performance
  • 13.5.3. Product Portfolio
  • 13.5.4. Strategic Initiatives
• 13.6. Industrial Systems Performance Group
  • 13.6.1. Company Overview
  • 13.6.2. Financial Performance
  • 13.6.3. Product Portfolio
  • 13.6.4. Strategic Initiatives
• 13.7. General Electric Corporation
  • 13.7.1. Company Overview
  • 13.7.2. Financial Performance
  • 13.7.3. Product Portfolio
  • 13.7.4. Strategic Initiatives
• 13.8. LEZ Ruselprom
  • 13.8.1. Company Overview
  • 13.8.2. Financial Performance
  • 13.8.3. Product Portfolio
  • 13.8.4. Strategic Initiatives
• 13.9. Hyosung Power
  • 13.9.1. Company Overview
  • 13.9.2. Financial Performance
  • 13.9.3. Product Portfolio
  • 13.9.4. Strategic Initiatives
• 13.10. ABB Ltd
  • 13.10.1. Company Overview
  • 13.10.2. Financial Performance
  • 13.10.3. Product Portfolio
  • 13.10.4. Strategic Initiatives
• 13.11. Shandong Huali Electric Motor Group
  • 13.11.1. Company Overview
  • 13.11.2. Financial Performance
  • 13.11.3. Product Portfolio
  • 13.11.4. Strategic Initiatives
• 13.12. Other Notable Players
  • 13.12.1. Company Overview
  • 13.12.2. Financial Performance
  • 13.12.3. Product Portfolio
  • 13.12.4. Strategic Initiatives