Press release
Emerging Trends Influencing The Growth Of The Industrial High Voltage Motor Market: Innovation In The Market Driven by Electrically Excited Synchronous Motors (EESMs) to Boost Efficiency And Reduce Rare-Earth Dependency
Industrial High Voltage Motor
How Big Is the Industrial High Voltage Motor Market Size Expected to Be by 2034?
The market of industrial high voltage motors has witnessed robust growth in the past few years. The market is projected to escalate from $1.79 billion in 2024 to $1.88 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The past growth can be credited to various factors such as the surge in industrial power consumption, the amplified use of automation and robotics in production, escalating demand for power generation, a heightened focus on sustainable and environmentally friendly solutions, and a rising requirement for high-output machinery in large-scale industries.
Anticipated stable expansion is on the horizon for the industrial high voltage motor market size in the coming years. The market is projected to escalate to $2.26 billion by 2029 with a CAGR of 4.7%. The impetus for this upward trend during the forecast period can be ascribed to the rising uptake of electric vehicles and their charging stations, increased industrial output from emerging markets, a growing need for high-performance motors in heavy-duty industries, heightened demand for energy-efficient options in manufacturing, and the swelling demand for clean and dependable power sources. Key trends in the forecast period consist of enhancements in motor efficiency and performance, advances in cooling technologies targeted for high voltage motors, ingenious developments in smart motor control systems, the incorporation of variable frequency drives (VFDs) for maximized energy savings, and progress in condition monitoring and forecasting maintenance.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/customise?id=23715&type=smp
What Are the Emerging Segments Within the Industrial High Voltage Motor Market?
The industrial high voltage motor market covered in this report is segmented -
1) By Type: Squirrel Cage Motors, Slip Ring Motors
2) By Cooling Method: Air-Cooled Motors, Water-Cooled Motors, Oil-Cooled Motors
3) By Application: Paper Manufacturing, Cement Production, Mining, Chemical Processing, Oil And Gas, Metal Processing, Other Applications
4) By End-User: Industrial, Commercial, Utilities, Other End-Users
Subsegments:
1) By Squirrel Cage Motors: Totally Enclosed Fan Cooled (TEFC), Open Drip Proof (ODP), Explosion Proof, Air-Cooled, Water-Cooled, Horizontal Mount, Vertical Mount
2) By Slip Ring Motors: Air-Cooled, Water-Cooled, High Torque, Mill Duty Motors, Vertical Shaft Motors, Flameproof Motors, Dual Speed Motors
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23715&type=smp
What Long-Term Drivers Are Shaping Industrial High Voltage Motor Market Trends?
The surge in initiatives related to renewable energy is projected to stimulate the expansion of the industrial high voltage motor market. These initiatives are concentrated on energy production from renewable and natural resources like sunlight, wind, water, geothermal heat, and biomass. The surge comes from mounting environmental apprehensions and the necessity to slash carbon emissions to aid in climate change adaptation. Industrial high-voltage motors gain from these renewable energy projects as they offer a sustainable and economically efficient power supply, diminishing reliance on non-renewable sources and cutting down operational expenses while backing green industrial processes. For example, as per the World Resources Institute, a non-profit organization based in the US, the nation experienced a record 31-gigawatt (GW) accumulation of solar energy capabilities in February 2024, a substantial 55% escalation compared to the accumulations in 2023. Hence, the surge in renewable energy projects is propelling the industrial high voltage motor market's expansion.
Who Are the Top Competitors in Key Industrial High Voltage Motor Market Segments?
Major companies operating in the industrial high voltage motor market are Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Nidec Corporation, Shanghai Electric Machinery Co. Ltd., Danfoss Group, WEG S.A., Regal Rexnord Corporation, SEW-Eurodrive GmbH And Co KG, Wolong Electric Group Co. Ltd., Meidensha Corporation, TECO Electric And Machinery Co. Ltd., CG Power and Industrial Solutions Ltd., Kirloskar Electric Company Ltd., Brook Crompton Holdings Ltd., MENZEL Elektromotoren GmbH, Hoyer Motors
What Industrial High Voltage Motor Market Trends Are Gaining Traction Across Different Segments?
Key players in the industrial high-voltage motor market are shifting their strategies to design unique products such as Electrically Excited Synchronous Motors (EESMs) to reinforce energy efficiency, reduce the dependency on rare-earth elements, and provide high-quality solutions to meet the challenges of industrial applications. An Electrically Excited Synchronous Motor is a variant of the synchronous motor that uses an electromagnet energized by external electricity rather than permanent magnets to generate the rotor's magnetic field. To illustrate, Renault Group, an automotive manufacturer headquartered in France, launched its advanced Electrically Excited Synchronous Motor (EESM) equipped with a hairpin stator in December 2023, which eradicates the necessity for rare-earth magnets while providing equal performance to PMSMs. This motor boasts a 30% increase in power density and a 30% decrease in carbon footprint and is specially designed for 800V systems that can provide power up to 200 kW. This technology has been further refined with MAHLE for high-performance electric vehicles (220-350 kW), ensuring enhanced thermal regulation and efficiency on highways for extended-range electric vehicles.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/industrial-high-voltage-motor-global-market-report
Which Regions Are Becoming Hubs for Industrial High Voltage Motor Market Innovation?
Asia-Pacific was the largest region in the industrial high voltage motor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial high voltage motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial High Voltage Motor Market?
2. What is the CAGR expected in the Industrial High Voltage Motor Market?
3. What Are the Key Innovations Transforming the Industrial High Voltage Motor Industry?
4. Which Region Is Leading the Industrial High Voltage Motor Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends Influencing The Growth Of The Industrial High Voltage Motor Market: Innovation In The Market Driven by Electrically Excited Synchronous Motors (EESMs) to Boost Efficiency And Reduce Rare-Earth Dependency here
News-ID: 4059854 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Motor
SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of…
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status…
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market.
Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market
Key Market Competitors: Global…
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%.
Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator.
Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market
The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in…
