Motors - Medium Voltage (Integral Horsepower)

The Integral Horsepower Medium Voltage Motors market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide and all regions.

New Technologies and New Infrastructure Investments Create Continuous Demand for Medium Voltage Motors

The medium voltage motors report covers the integral horsepower (IHP) medium voltage alternating current (AC) asynchronous and synchronous motors, gearmotors, and direct current (DC) motors operating at voltages of 1kV and above. The report covers the motor market across the entire spectrum of power and voltage ranges.  Power ranges are segmented into, up to 200kW, >200 to 600kW, >0.6 to 3MW, >3 to 7.5MW, >7.5 to 10MW, >10 to 20MW, and >20MW.  Voltage (kV) ratings are segmented into, 1 to 2.3kV, >2.3 to 3.3kV, >3.3 to 5kV, >5 to 7.2kV, >7.2 to 11kV, and > 11kV.   The research explores current and historical market performance and related business trends, identifies leading motor suppliers, and provides five-year global forecasts of the total MV motors market. 

Energy costs are a major portion of any industrial plant, and motors account for a major portion of these energy costs.  Monitoring motors’ key parameters in a timely manner will improve reliability, extend the life of the motor, and reduce the operating costs. Industrial IoT-enabled motors for time-critical operations are seen as a valuable asset management strategy in the medium voltage motors market. The price of a single MV motor in some of the higher valued heavy industries can be very expensive and run into millions of dollars. Some major global suppliers have taken the first steps toward an Industrial IoT solution offerings: condition monitoring or motor performance monitoring, and predictive maintenance services. 

Medium Voltage Motors Strategic Issues

In addition to providing a five-year market forecast, the medium voltage motors market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Macrotrends and Technological Innovation Drive the Market

The COVID-19 pandemic negatively impacted the 2020 demand for medium voltage motors. The market projections do take into account industry trends with our best estimates for how the post COVID-19 pandemic world will impact the demand for medium voltage motors market in different regions.   ARC Advisory Group’s latest market research on medium voltage motors reveals that, once the adverse impacts of the COVID-19 pandemic declines, the capital investment outlook remains positive for medium voltage motors that are mainly employed by the process industries.  The macro trends that underlie the growth in this market remain in place.  These include globalization, infrastructure expansion, electric vehicles and the associated infrastructure, new battery manufacturing plants, new 5G network infrastructure, emerging economies, digitalization, an increasing middle class in Asia, and the ongoing need to reduce energy consumption.

Volatile Oil and Gas Industry

The oil and gas industry witnessed growth in 2019; however, the prices for oil & gas dropped due to the dispute between Russia and Saudi Arabia, and fuel demand collapsed due to the COVID-19 pandemic, which in turn affected oil prices negatively in early 2020, disrupting the planned investment activity and supply chain.

Aging Installed Base and Labor Shortages

Two key issues facing both industry users and suppliers are the need to upgrade the vast installed base of public and plant infrastructures and process automation systems, and the unfolding manufacturing labor shortage caused by retirements of experienced workers and a lack of qualified personnel to replace them.