Medium Voltage Motors Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

The global medium voltage motors market was valued at USD 6.40 Billion in 2024 . The industry is expected to grow at a CAGR of 7.97% during the forecast period of 2025-2034 to attain a valuation of USD 13.78 Billion by 2034 .

Key Trends and Developments

The medium voltage motors market is growing driven by various factors, such as the rising demand for energy efficiency, greater adoption of automation and IoT, the expansion of industrial infrastructure, and the transition towards integrating renewable energy sources.

November 2024

ABB launched the ACS8080, a next-generation medium voltage air-cooled drive. Building on 50 years of experience, it offers up to 98% efficiency, faster troubleshooting, and advanced diagnostics. The drive features a flexible design, improved motor control, and enhanced digital capabilities, optimising performance, reliability, and energy savings across industries.

June 2024

ABB introduced the world’s first medium-voltage, speed-controlled motor concept, the MV Titanium. This innovation brings energy efficiency to large motors, which account for 10% of global electricity consumption. It offers energy savings of up to 40%, reduces CO2 emissions, and simplifies installation, benefiting industries such as mining and processing.

June 2024

Texas Instruments (TI) introduced the industry's first 650V GaN intelligent power module (IPM) at PCIM 2024. Designed for energy-efficient motor drives, it offers over 99% efficiency, reduced system size, and lower costs. The DRV7308 improves appliance and HVAC system performance, meeting stringent energy standards while enhancing reliability and thermal performance.

April 2024

Rockwell Automation launched the FLEXLINE™ 3500 motor control center at Hannover Messe 2024. This low-voltage system integrates smart motor control devices, delivering real-time data to improve productivity, reduce energy consumption, and minimise downtime. The modular design enhances operational efficiency across various industries, supporting sustainability and reducing maintenance costs.

Increasing Demand for Energy Efficiency is Boosting Growth of the Medium Voltage Motors Market

The global medium voltage motors market is seeing an increasing demand for energy-efficient solutions. As industries and consumers focus on reducing energy consumption, complying with environmental standards, and cutting long-term costs, there is a growing preference for energy-efficient motors. This trend is being driven by regulatory requirements and sustainability objectives across various sectors. In December 2023, Power Electronics launched the XMV670K medium-voltage frequency drive, which offers a compact design with high power density. This innovative product enhances energy efficiency, reduces operational costs, and improves sustainability across industrial applications.

Rising Adoption of Automation and IoT is Influencing Medium Voltage Motors Market Dynamics and Trends

The incorporation of automation and IoT technologies is significantly changing the dynamics of the medium voltage motors market. These technologies allow real-time monitoring, predictive maintenance, and increased operational efficiency, enabling industries to optimise performance, reduce downtime, and boost productivity. As a result, demand for advanced medium voltage motors is growing. In July 2023, Siemens AG’s subsidiary, Innomotics, launched a new company focused on motors and large drives. Based in Nuremberg, Germany, it offers a range of low-to-high-voltage motors and medium-voltage converters, aiming to drive innovation and sustainability in the industry.

Expansion of Industrial Infrastructure is Impacting Medium Voltage Motors Market Revenue

The rapid growth of industrial infrastructure, especially in emerging economies, is contributing to the increased demand for medium voltage motors. Investments in sectors such as manufacturing, mining, and energy are pushing the need for reliable, high-powered motors to support large-scale operations. In October 2020, WEG introduced the W12 motor, specifically designed for applications like gearboxes and pumps. This motor is known for its versatility with interchangeable feet, a lightweight design, and high-performance efficiency (IE3). It also has an IP55 rating for dust and water protection, offering 2, 4, and 6-pole options for both single and three-phase power.

Shift Towards Renewable Energy Integration is Driving Demand of the Medium Voltage Motors Market

As the world moves toward renewable energy sources, medium voltage motors are becoming increasingly essential in projects such as wind and solar power systems. These motors are integral to the operation of equipment like pumps, generators, and turbines, driving their demand in sustainable energy applications. In March 2022, Kirloskar Oil Engines Ltd (KOEL) launched high-efficiency low voltage electric motors designed for various industrial applications. The motors, made with high-grade copper wire and tested for superior performance, help reduce power consumption. This launch marks KOEL’s expansion into the electric motors market, further strengthening its global presence and product offerings.

Medium Voltage Motors Market Segmentation

The EMR’s report titled “Medium Voltage Motors Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• AC-Motors
• DC-Motors

Market Breakup by End-Use

• Process Industries
• Discrete Industries
• HVAC

Market Breakup by Region

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

Market Analysis

The medium voltage motor industry owes its growth to the efficient engineering of the motor which makes it economical to use. The growing demand for energy efficient motors is also contributing to the industry growth.

The AC type dominates the industry due their comparatively superior cooling efficiency as compared to DC motors. Regionally, the Asia Pacific is a major industry for medium voltage motors and is being driven by the rising industrialisation and rapidly growing population in the region.

Competitive Landscape

The medium voltage motors market key players provide high-quality, energy-efficient products for industries such as manufacturing, agriculture, mining, and HVAC. These companies offer a wide range of products, including AC and DC motors, variable-speed drives, and motion control systems. They are recognised for their innovative designs, durable products, and commitment to customer satisfaction. Some companies have been acquired by larger groups, which has further strengthened their global presence and technological capabilities.

Menzel Elektromotoren GmbH

Headquartered in Berlin, Germany, Menzel Elektromotoren GmbH was established in 1927. Specialising in the design, manufacturing, and repair of high-performance electric motors, the company offers tailored solutions for industries such as energy, mining, and steel. Menzel is renowned for its innovation, quality, and quick delivery services.

Brook Crompton UK Ltd

Based in the United Kingdom, Brook Crompton UK Ltd was founded in 1878. The company manufactures electric motors, particularly focusing on energy-efficient, high-performance solutions for industrial applications. Brook Crompton is known for its comprehensive product range and commitment to providing reliable, customisable motor solutions for various sectors.

Regal Beloit Corporation

Regal Beloit Corporation, founded in 1955 and headquartered in Wisconsin, United States, is a leading global provider of electric motors and control solutions. The company specialises in efficient, sustainable motors for sectors such as HVAC, industrial, and commercial applications. Regal Beloit focuses on innovation, energy conservation, and customer-driven solutions.

Toshiba International Corporation

Toshiba International Corporation, established in 1980 and based in Houston, Texas, United States is a subsidiary of Toshiba Corporation. Specialising in electrical and electronic products, Toshiba manufactures a wide range of industrial motors, drives, and related equipment. Known for advanced technology, it focuses on energy-efficient and reliable solutions for various industries.

Other key players in the medium voltage motors market report are Hoyer Motors, Bharat Bijlee Limited (BBL), Baldor Electric Company, Inc., Johnson Electric Holdings Ltd., Rockwell Automation Inc., Ametek, Inc., and Allied Motion Technologies Inc., among others.
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