Enjoy complimentary customisation on priority with our Enterprise License!
The medium voltage (MV) motors market size is forecast to increase by USD 1.29 billion at a CAGR of 4.84% between 2023 and 2028. The medium voltage motors market expansion hinges on various elements. Primarily, the rejuvenation of capital expenditures (CAPEX) in the energy sector plays a significant role. This revival is driven by the increasing demand for energy efficiency, particularly in industrial motors that consume substantial power. Another factor limiting market growth is the power rating constraints in medium-voltage motors. To address this challenge, advancements in motor technology, such as the development of high-power medium-voltage motors, are being pursued to cater to the evolving industry requirements.
Medium Voltage Motors Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.