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.

Sustainability Initiatives and Emerging Economies Increase 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. 

Emerging economies, urbanization, and global trends like sustainability, energy efficiency, and digitalization are shaping the medium voltage (MV) motors market. Emerging economies with the continuing demand for energy and new infrastructure, and the growing middle class with the potential for strong consumer spending form a solid foundation for the long-term growth of the medium voltage motors market. Demand from semiconductors, electrical & electronics, battery manufacturing, and renewables sectors continue to expand. Sustainability initiatives for carbon neutrality, investments from green energy, and hydrogen energy projects, all these factors will drive the growth for MV motors in the coming years. 

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.

Identify Critical Applications and Use Condition Monitoring    

Identifying critical applications needs to be a priority, making sure these are equipped with reliable, correctly sized motors and the lines are designed with redundancy, if necessary. To reduce and control exchange times to avoid loss of production, condition monitoring is essential on those devices. Most of the motors offer integrated condition monitoring or can be integrated into a third-party system. While this has become the standard, the correct and continuous usage of this feature is not achieved by everyone, especially in critical applications where, preferably, predictive condition monitoring needs to become the standard.

Leverage Industrial Internet of Things    

Motors are being updated with new features to fulfill market demands and increase their value proposition, such as the growing demand for smart connected products based on, for example, Industrial IoT or Industry 4.0. Smart, connected products provide opportunities to increase operational efficiency from the plant floor to the supply chain by optimizing data, information, and analytics.

With Industrial IoT or Industry 4.0, smart machines, inventory systems, and production machinery will considerably improve industrial processes, driving the use of more automation, including MV motors. In addition, Industrial IoT offers opportunities to apply new kinds of business models such as condition monitoring and predictive maintenance services.

Establish an Outsourcing Strategy    

Owner-operators, especially of large motors should consider using external service for maintenance and selection. Major manufacturers of motors offer selected services such as installation and commissioning, maintenance, repair, and energy efficiency, or total lifecycle services all in one pack to take the responsibility for these machines. In times of Industrial Internet of Things (IIoT), remote monitoring by experts is a real possibility and worth consideration. This service enables 24/7 monitoring without binding internal workforce and brings expertise to the production in times of lack of skilled labor. Services range from monitoring and using in-house staff to execute necessary maintenance, to full-service agreements with the stock held and administered by the provider and external specialized workers executing the necessary maintenance