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Medium and High Power Motors Market: Overview

Growing demand for energy efficient motors from industrial sectors is key driving factor of medium and high power motors market. Further, replacement of old products, coupled with implementation of strict regulations, in various countries is accelerating market growth.

Consistently increasing cost of energy is one of the main factors driving demand for energy efficient motors. Also, government initiatives are also favoring adoption rate of medium and high power motors.

Implementation of medium and high power motors is not only helping in efficient energy regulation but also supporting growth of the industry. The motors will reduce operational cost, thereby improving production.  Hence, high adoption rate of medium and high power cost is expected to influence medium and high power motors market in coming years.

To enhance the adoption rate of such motors, government bodies are providing subsidies on premium efficiency motors.  This will provide new growth opportunities to medium and high power motors.

On the other hand, high purchase cost due to unstable price of raw materials is anticipated to restrain market growth. Also, unawareness about prolonged benefits of medium and high power is a major challenge.

The upcoming report on medium and high power motors market provides insights about several trends and drivers positively influencing growth of market. Regional analysis is also given in the report. It describes contribution of each region in the growth of the market. Further, focus is also given on restraining factors, which may interfere with growth of the market between 2019 and 2028. The market report also provides comprehensive study of the challenges to be witnessed by medium and high power motors market in near future.

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Medium and High Power Motors Market: Notable Development

In year 2018, Equipmake, a British company manufactured a motor using standard manufacturing process but cheap materials. The magnet electric motor is capable of generating 9 Kw of power per kilogram.

This is promising invention as unstable raw material cost was raising the production cost.

Some of the prominent companies operating in medium and high power motors market are-

  • Hyundai Heavy Industries
  • Toshiba Corporation
  • WEG SA
  • TECO Electric & Machinery Co. Ltd
  • ATB Group
  • Industrial Systems Performance Group
  • General Electric Corporation
  • LEZ Ruselprom
  • Hyosung Power
  • ABB Ltd
  • Shandong Huali Electric Motor Group

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Medium and High Power Motors Market: Key Trends

Global medium and high power motors market is anticipated to witness high demand from industrial sector. The motor has wide application in medical equipment, construction equipment, oil and gas industry, mining, and paper and pulp. Further, commercial sector is anticipated to show significant growth in coming years. The growth rate is attributed to increase in adoption rate of energy efficient electric motors across power generation industry and water treatment industry.

Power plants, industrial plants, crushers, compressors, steel plants, and pumps usually require high voltage motors. As a result, high voltage motors segment is anticipated to contribute significantly to expansion of medium and high power motors market.

Medium voltage segment is likely to account for substantial share due to its easy maintenance, ruggedness, and better reliability features.

Medium and High Power Motors Market: Regional Outlook

Asia Pacific is anticipated to account for significant share in global medium and high power motors market in coming years. This is due to favorable government regulations and growing industrialization in the region. Moreover, rising standard pertaining to consumption of electricity in industrial sector is likely to boost demand in the region.

Regional markets of North America and Europe are also projected to witness considerable growth over the forecast period. Growth rate in these regions is attributed to increasing replacement rate of aging products.

Other regions are expected to show moderate growth rate, owing to improvement in economic condition of developing countries.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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