Report Description

Forecast Period

2018-2028

Market Size (2022)

USD 6.11 Billion

CAGR (2023-2028)

4.86%

Fastest Growing Segment

fractional horsepower

Largest Market

North America

Market Overview

Global Medium Voltage Electric Motors Market has valued at USD 6.11 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of  4.86% through 2028. Medium voltage electric motors refer to a category of electric motors designed to operate within a medium voltage range, typically between 1,000 volts (1 kV) and 13,800 volts (13.8 kV). These motors are used in various industrial and commercial applications where higher power outputs and voltage levels are required. Medium voltage electric motors play a crucial role in driving heavy machinery, pumps, compressors, fans, conveyors, and other equipment in industries such as manufacturing, oil and gas, mining, utilities, and more. Medium voltage electric motors are characterized by their ability to handle higher voltage levels, which allows them to deliver higher power outputs compared to low voltage motors. They are engineered for durability, reliability, and efficient performance, as they often operate under demanding conditions and in critical applications. These motors are available in various configurations, including induction motors, synchronous motors, and various motor designs such as squirrel cage and wound rotor motors. They come in different sizes and power ratings, enabling them to fulfill a wide range of industrial requirements. Medium voltage electric motors are often accompanied by specialized motor control equipment, protection systems, and monitoring devices to ensure safe and efficient operation. They are designed to meet stringent safety standards, efficiency regulations, and industry-specific requirements. In summary, the term "medium voltage electric motors" refers to electric motors designed to operate within the medium voltage range, offering higher power outputs and serving critical roles in powering industrial machinery and equipment across various sectors.

Key Market Drivers

As the government of worldwide is committed to reducing the country's carbon emissions owing to the Increasing demand for energy-efficient motors. One way to achieve this goal is to promote the use of energy-efficient motors. Medium voltage electric motors are more energy-efficient than low voltage electric motors, and they are becoming increasingly popular.

An electric motor is an electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of torque applied on the motor's shaft.

Technological Advancement will drive the Market Growth

Technology progressions play a vital role in driving the development of the medium voltage electric engine market in Saudi Arabia nation. These progressions envelop different angles of engine plan, control frameworks, and digitalization, advertising a few benefits that contribute to advertise extension. Firstly, made strides engine plan procedures have driven to the advancement of more proficient and dependable medium voltage electric engines. Manufactures have centred on optimizing engine components, such as stator and rotor plans, to improve execution and decrease vitality misfortunes. Progressed materials and separator frameworks have too been utilized to extend engine toughness and withstand the unforgiving working conditions in companies such as oil and gas.

Furthermore, progressions in engine control frameworks have permitted for way better engine execution and vitality administration. Variable recurrence drives (VFDs) and progressed control calculations empower exact engine speed and torque control, driving to made strides effectiveness. These control frameworks too offer improved assurance highlights, counting over-burden assurance, voltage control, and blame diagnostics, guaranteeing secure and dependable engine operation.

Besides, the integration of digitalization and Industry 4.0 innovations has revolutionized the medium voltage electric engine platform. Real-time information collection and examination empower proactive support, decreasing downtime and optimizing engine execution. Computerized twins and reenactment apparatuses help in engine plan optimization, quickening the improvement prepare and lessening costs. Further, headways in network and IoT (Internet of Things) have empowered the integration of medium voltage electric engines into broader mechanical robotization frameworks. This integration encourages consistent communication and coordination between engines, other gear, and control frameworks, driving to progressed in general operational effectiveness and efficiency.

The technological advancement within the medium voltage electric engine advertise are driven by a combination of industry request, inquire about and improvement endeavours, and the require for vitality effectiveness and maintainability.

Oil and Gas Sector will drive Market.

The Saudi Arabian market for medium voltage electric motors is largely driven by the oil and gas industry. Saudi Arabia, as one of the world's leading oil producers, is heavily dependent on the oil and gas industry, which has a significant demand for medium voltage electric motors. Initially, a wide range of medium-voltage electric motor-powered equipment is necessary for oil and gas exploration and production. These engines are utilized in different applications, including siphons, blowers, fans, and boring apparatuses. They give the fundamental ability to drive these basic parts, guaranteeing effective extraction, handling, and transportation of oil and gas assets. Also, medium voltage electric engines are vital for the halfway tasks of the oil and gas area. These engines power the siphoning stations along pipelines, working with the transportation of raw petroleum and flammable gas across immense distances. They guarantee that hydrocarbons flow continuously through the pipeline infrastructure, preserving the distribution network's integrity and effectiveness.

Additionally, medium voltage electric engines track down broad use in the downstream exercises of the oil and gas industry. In the refining processes, refineries rely on these motors to power various equipment like pumps, fans, and compressors. They are additionally used in petrochemical plants for driving fundamental apparatus engaged with the creation of petrochemical items. Also, the unforgiving working circumstances in the oil and gas industry request engines that can endure outrageous temperatures, high dampness, and destructive conditions. Medium voltage electric engines planned explicitly for these circumstances give dependable and solid execution, guaranteeing continuous tasks in testing conditions. Additionally, Saudi Arabia's ongoing investments in the oil and gas sector contribute to the demand for electric motors with a medium voltage. The extension of existing oil fields, advancement of new holds, and development of refining and petrochemical offices drive the requirement for these engines.

Generally, the oil and gas area in Saudi Arabia will driver for the medium voltage electric engine market. The industry different applications, thorough working circumstances, and progressing speculations provoke areas of strength for a for proficient, solid, and specific engines, making them a basic piece of the nation's oil and gas foundation.


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Key Market Challenges

Mining and Extraction Operations

Medium voltage electric motors play a vital role in enabling industrial growth by powering heavy machinery, pumps, compressors, fans, and conveyors. Their ability to deliver high power outputs efficiently contributes to enhanced productivity and operational efficiency across sectors. The trend toward industrial automation and digitalization has fueled the demand for medium voltage electric motors. These motors serve as the backbone of automated systems, driving precise and controlled movements in manufacturing processes and logistics. As the world shifts toward renewable energy sources, medium voltage electric motors find applications in wind turbines, solar tracking systems, and hydropower installations. Their reliability and performance are crucial for harnessing clean energy and contributing to a sustainable future. In mining and extraction, where large machinery is deployed to excavate and transport materials, medium voltage electric motors provide the muscle needed for heavy-duty tasks. They enable the efficient operation of crushers, conveyor systems, and pumps in demanding environments. Medium voltage electric motors play a key role in utilities, powering water pumps, air compressors, and electrical generators. They contribute to the stability and efficiency of energy generation and distribution systems.

Key Market Trends

Government Initiatives will drive the Saudi Arabia Medium Voltage Electric Motors Market

The medium voltage electric motor market in Saudi Arabia is booming because of government support. The Saudi Arabia government has carried out a few measures to support the reception of energy-effective innovations, including medium voltage electric engines. This help comes as motivators, endowments, good strategies, and administrative structures that work with market development. The public authority, right off the bat, offers monetary motivating forces to advance the utilization of energy-productive innovations. Industries and businesses that invest in energy-efficient equipment, such as medium voltage electric motors, receive grants and subsidies. Businesses are more likely to purchase and install these motors because these financial incentives help offset the initial costs.

Additionally, favorable regulations and policies have been put in place to encourage the use of energy-saving methods. The public authority has executed energy productivity norms and naming necessities for different items, including electric engines. These regulations encourage the use of more environmentally friendly and energy-efficient options by ensuring that motors meet specific energy performance requirements. The government encourages the market for energy-efficient medium voltage electric motors by establishing standards.

In addition, the government's Vision 2030 initiative actively promotes energy conservation and sustainability. This drawn-out improvement plan expects to decrease reliance on oil and expand the economy. The government backs initiatives that help cut down on energy use and places an emphasis on energy efficiency as part of this vision. Medium voltage electric engines, known for their energy-saving capacities, line up with the objectives of Vision 2030 and get government backing. Furthermore, the public authority offers help through innovative work (Research and development) programs. These projects energize development in engine innovation and assist with driving progressions in energy proficiency and execution. The government ensures that businesses have access to the most recent technologies by providing support for R&D initiatives that encourage the creation of cutting-edge electric motors with a medium voltage. Moreover, the public authority teams up with industry partners, instructive foundations, and global associations to make mindfulness about energy-proficient advancements and their advantages. Businesses can make educated decisions regarding the adoption of medium voltage electric motors thanks to this collaborative strategy, which encourages the sharing of knowledge, the development of capacity, and training programs.

All in all, government support in Saudi Arabia is a critical driver for the medium voltage electric engine market. Businesses are encouraged to invest in energy-efficient solutions by regulatory frameworks, favorable policies, incentives, and subsidies. The public authority's accentuation on maintainability and energy protection, alongside its help for Research and development and cooperative drives, adds to the development and reception of medium voltage electric engines in the country.

Segmental Insights

Output Power Insights

The fractional horsepower segment is anticipated to dominate the market due to the growing demand of electric motors with power ranges up to 1 horsepower in small businesses like the paper and pulp industries, textile mills, warehouses, and other applications. Major corporations will finish the majority of investments in the integral horsepower (Above 1HP) market.

Voltage Insights

The market is segmented into Low Voltage 1-3KV, 3-5KV, 5-6.6KV. Vacuum cleaners, coffee makers, refrigerators, washing machines, and other home appliances are in high demand in both the residential and commercial sectors. The up to 1 kV category now holds the majority of the market. The majority of the 1 kV-6.6 kV section's investment will go toward the agricultural and industrial sectors. Large motor capacities are typically required for industrial and agricultural operations due to the equipment's high-power requirements. Furthermore, it is important to keep an adequate progression of water or coolant to ensure that the whole modern arrangement and horticultural exercises work well.


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Regional Insights

  • On 12 Jun 2023, Saudi Arabia signs USD5.6bn electric car deal with Chinese company to purchase the electric motors, as Saudi Arabia plans to develop domestic electric vehicle manufacturing industry as part of efforts to diversify its oil-dominated economy.

Key Market Players

  • ABB
  • Siemens AG
  • Rockwell Automation
  • Ametek
  • Toshiba
  • General Electric
  • NIDEC Corporation
  • Alfanar Electrical Systems LLC
  • Hitachi
  • Johnson Electric

By Type

By Output Power

By End User

By Voltage

By Region

  • AC Motors
  • DC Motors
  • Fractional Horsepower
  • Integral Horsepower
  • Industrial
  • Commercial
  • Residential
  • Transportation
  • Agriculture
  • 1-3KV
  • 3-5KV
  • 5-6.6KV
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Medium Voltage Electric Motors  Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Medium Voltage Electric Motors Market, By Type:

o   AC Motors

o   DC Motors

  • Global Medium Voltage Electric Motors Market, By Output Power:

o   Fractional Horsepower

o   Integral Horsepower

  • Global Medium Voltage Electric Motors Market, By End User:

o   Industrial

o   Commercial

o   Residential

o   Transportation

o   Agriculture

  • Global Medium Voltage Electric Motors Market, By Voltage:

o   1-3KV

o   3-5KV

o   5-6.6KV

  • Global Medium Voltage Electric Motors Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Global

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Medium Voltage Electric Motors Market.

Available Customizations:

Global Medium Voltage Electric Motors  Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Medium Voltage Electric Motors  Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Medium Voltage Electric Motors  Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (AC Motors and DC Motors)

5.2.2.    By Output Power (Fractional Horsepower, Integral Horsepower)

5.2.3.    By End-User (Industrial, Commercial, Residential, Transportation and Agriculture)

5.2.4.    By Voltage (1-3KV, 3-5KV, 5-6.6KV)

5.2.5.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Medium Voltage Electric Motors  Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Output Power

6.2.3.    By End-User

6.2.4.    By Voltage

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Medium Voltage Electric Motors  Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Output Power

6.3.1.2.3.           By End-User

6.3.1.2.4.           By Voltage

6.3.2.    Canada Medium Voltage Electric Motors  Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Output Power

6.3.2.2.3.           By End-User

6.3.2.2.4.           By Voltage

6.3.3.    Mexico Medium Voltage Electric Motors  Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Output Power

6.3.3.2.3.           By End-User

6.3.3.2.4.           By Voltage

7.    Asia-Pacific Medium Voltage Electric Motors  Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Output Power

7.2.3.    By End-User

7.2.4.    By Voltage

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Medium Voltage Electric Motors  Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Output Power

7.3.1.2.3.           By End-User

7.3.1.2.4.           By Voltage

7.3.2.    India Medium Voltage Electric Motors  Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Output Power

7.3.2.2.3.           By End-User

7.3.2.2.4.           By Voltage

7.3.3.    Japan Medium Voltage Electric Motors  Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Output Power

7.3.3.2.3.           By End-User

7.3.3.2.4.           By Voltage

7.3.4.    South Korea Medium Voltage Electric Motors  Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Output Power

7.3.4.2.3.           By End-User

7.3.4.2.4.           By Voltage

7.3.5.    Indonesia Medium Voltage Electric Motors  Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Output Power

7.3.5.2.3.           By End-User

7.3.5.2.4.           By Voltage

8.    Europe Medium Voltage Electric Motors  Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Output Power

8.2.3.    By End-User

8.2.4.    By Voltage

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Medium Voltage Electric Motors  Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Output Power

8.3.1.2.3.           By End-User

8.3.1.2.4.           By Voltage

8.3.2.    United Kingdom Medium Voltage Electric Motors  Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Output Power

8.3.2.2.3.           By End-User

8.3.2.2.4.           By Voltage

8.3.3.    France Medium Voltage Electric Motors  Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Output Power

8.3.3.2.3.           By End-User

8.3.3.2.4.           By Voltage

8.3.4.    Russia Medium Voltage Electric Motors  Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Output Power

8.3.4.2.3.           By End-User

8.3.4.2.4.           By Voltage

8.3.5.    Spain Medium Voltage Electric Motors  Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Output Power

8.3.5.2.3.           By End-User

8.3.5.2.4.           By Voltage

9.    South America Medium Voltage Electric Motors  Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Output Power

9.2.3.    By End-User

9.2.4.    By Voltage

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Medium Voltage Electric Motors  Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Output Power

9.3.1.2.3.           By End-User

9.3.1.2.4.           By Voltage

9.3.2.    Argentina Medium Voltage Electric Motors  Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Output Power

9.3.2.2.3.           By End-User

9.3.2.2.4.           By Voltage

10. Middle East & Africa Medium Voltage Electric Motors  Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Output Power

10.2.3. By End-User

10.2.4. By Voltage

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Global Medium Voltage Electric Motors  Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Output Power

10.3.1.2.3.         By End-User

10.3.1.2.4.         By Voltage

10.3.2. South Africa Medium Voltage Electric Motors  Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Output Power

10.3.2.2.3.         By End-User

10.3.2.2.4.         By Voltage

10.3.3. UAE Medium Voltage Electric Motors  Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Output Power

10.3.3.2.3.         By End-User

10.3.3.2.4.         By Voltage

10.3.4. Israel Medium Voltage Electric Motors  Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Output Power

10.3.4.2.3.         By End-User

10.3.4.2.4.         By Voltage

10.3.5. Egypt Medium Voltage Electric Motors  Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Output Power

10.3.5.2.3.         By End-User

10.3.5.2.4.         By Voltage

11. Market Dynamics

11.1.             Drivers

11.2.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.       ABB

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.       Siemens AG

13.2.1. Business Overview

13.2.2. Key Revenue and Financials (If Available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.       Rockwell Automation

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.       Ametek Saudi Arabia

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.       Toshiba

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.       General Electric

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.       NIDEC Corporation

13.7.1. Business Overview

13.7.2. Key Revenue and Financials (If Available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.       Alfanar Electrical Systems LLC

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.       Hitachi

13.9.1. Business Overview

13.9.2. Key Revenue and Financials (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10.     Johnson Electric

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials (If Available)

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Service

14. Strategic Recommendations

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Figures and Tables

Frequently asked questions

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The market size of the Global Medium Voltage Electric Motors Market was estimated to be USD 6.11 Billion in 2022.

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The Medium Voltage Electric Motors Market is dominated by the fractional horsepower segment in 2022.

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The major Challenges in Medium Voltage Electric Motors market are Rising Investment and changing government policies.

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The key drivers supporting the growth of the Medium Voltage Electric Motors market include Growing demand for electric motors in the industrial sector and Rise of automation in the manufacturing sector.