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Medium and High Power Motors Market Size, Share, Industry Trends, Demand and Growth by 2023
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The growth of the market is supported by encouragement for energy efficient and premium efficient motors usage, and increasing replacement of less efficient and old electric motors. Whereas, the factors restraining the growth of medium and high power motors market are high price of energy efficient motors and price fluctuations of raw materials.
On the basis of output power, the market can be broadly categorized into medium power motors and high power motors. The output of medium power motors is between 0.740 kilo watt (KW) and 200 kilo watt (KW), and the output of high power motors is greater than 200 kilo watt (KW). Based on the input power mode, the medium and high power motors market can be categorized as single phase alternating current (AC) motors, three phase AC motors, brushless direct current (DC) motors, and brushed DC motors.
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On the basis of efficiency standards defined by the International Electrotechnical Commission, the medium and high power motors market can be categorized as standard efficiency (IE1), high efficiency (IE2), premium efficiency (IE3), super premium efficiency (IE4), and non- regulated. The end-users of the medium and high power motors market include industrial machinery, commercial, motor vehicle manufacturers, aerospace, and HVAC (heating, ventilating and air conditioning) manufacturers. The industrial machinery end-user category comprises medical equipment, petrochemical and oil refining, mining and construction equipment, food and beverage, and pulp and paper industry.
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Some of the competitors in medium and high power motors market are Danaher Motion LLC, Regal Beloit Corp., Brook Crompton UK Ltd., ARC Systems Inc., Johnson Electric Holdings Ltd., Siemens AG, Baldor Electric Company Inc., Asmo Co. Ltd., Ametek Inc., Franklin Electric Co., Inc., Rockwell Automation Inc., and Allied Motion Technologies Inc.
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