Medium And High Power Motors Market Growth Accelerates: Strategic Forecast Predicts $8.62 Billion by 2029

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What Will the Medium And High Power Motors Industry Market Size Be by 2025?
The market for medium and high power motors has experienced a consistent growth in recent times. The market, which was worth $6.56 billion in 2024, is projected to increase to $6.88 billion in 2025, registering a compound annual growth rate (CAGR) of 4.9%. The past growth has been driven by factors such as an increase in demands for sustainable practices, intensifying urbanization and construction activities, growth in investments towards industrial automation, a surge in global manufacturing output, and increased need for efficient transport systems.

What's the Long-Term Growth Forecast for the Medium And High Power Motors Market Size Through 2029?
It is predicted that the medium and high power motors market will experience significant growth in the coming years, expanding to $8.62 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth, projected for the forecast period, include heightened investments in clean energy, an upsurge in electrified marine vessels, a heightened emphasis on energy conservation regulations, and a rising demand for robotics in manufacturing, along with a surge in sophisticated manufacturing approaches like 3D printing. The period also expects to see trends such as the advancement in high-speed motor technologies, linkage of renewable energy with motor systems, a surge in innovative modular motor designs, improved vibration control methods, and a harmonization of motor systems with smart grids.

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What Are the Key Growth Drivers Fueling the Medium And High Power Motors Market Expansion?
The escalating demand for electric vehicles is speculated to accelerate the expansion of the medium and high-power motors industry. This increase in demand stems from growing concerns about environmental degradation. Electric vehicles, with their zero tailpipe emissions, are integral to mitigating air pollution and decreasing fossil fuel dependence. To fulfill these vehicles' performance criteria, particularly in the high-performance and heavy-duty sectors, medium and high-power motors are utilized. These motors provide the necessary power and torque, improving vehicle effectiveness, speed, and dependability in rigorous operational circumstances. For example, Road Genius, a licensed interstate freight carrier in Australia, stated that by September 2024, electric car sales in the country had reached 85,329 units, comprising 69,895 Battery Electric Vehicles (BEVs) and 15,424 Plug-in Hybrid Electric Vehicles (PHEVs). Moreover, electronic vehicle sales hit a total of 98,409 units in 2023, marking a 60% increase from the preceding year. Consequently, the escalating demand for electric vehicles is fueling the expansion of the medium and high-power motors industry.

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What Are the Key Trends Driving Medium And High Power Motors Market Growth?
In the medium and high power motors market, leading companies are concentrating on creating state-of-the-art E-motors to boost power density, enhance thermal management, and cater to the growing needs of electric vehicular mobility and industrial automation. These next-gen E-motors are designed to offer heightened efficiency, a smaller size and lesser weight, and a seamless blend with contemporary power electronics and control systems. For example, in January 2024, Magna International, a manufacturing firm based in Canada, unveiled the Magna eDrive, an E-motor of the next generation. This future 800-volt eDrive solution presents excellent efficiency, a remarkable power-to-weight proportion, and increased torque density. It delivers elevated efficiency by way of cutting-edge thermal management and optimized energy utilization.

How Is the Medium And High Power Motors Market Segmented?
The medium and high power motorsmarket covered in this report is segmented -

1) By Product: Alternating Current (AC) Motor, Direct Current (DC) Motor
2) By Output Power: Medium Power Motors, High Power Motors
3) By End-User Industry: Motor Vehicle Manufacturers, Heating, Ventilation, And Air Conditioning (HVAC) Manufacturers, Industrial Machinery, Aerospace And Other Transportation, Commercial And Other Industries

Subsegments:
1) Alternating Current (AC) Motor: Single Phase, Three Phase
2) Direct Current (DC) Motor: Brushed, Brushless

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Which Companies Are Leading the Charge in Medium And High Power Motors Market Innovation?
Major companies operating in the medium and high power motors market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Nidec Corporation, Emerson Electric Co., Danfoss Group, Rockwell Automation Inc., WEG S.A., Regal Rexnord Corporation, Wolong Electric Group Co. Ltd., TECO Electric And Machinery Co. Ltd., CG Power and Industrial Solutions Limited, Allied Motion Technologies Inc., Hyosung Heavy Industries Corporation, Kirloskar Electric Company Limited, Brook Crompton Holdings Ltd., MENZEL Elektromotoren GmbH, VEM motors Finland Oy, Hoyer Motors A/S.

Which Regions Are Leading the Global Medium And High Power Motors Market in Revenue?
North America was the largest region in the medium and high power motors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium and high power motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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