Industrial High Voltage Motors Market Featuring ABB Ltd. and CG Power and Industrial Solutions Ltd. | Technavio

NEW YORK, July 7, 2021 /PRNewswire/ —
The industrial high voltage motors market is…

NEW YORK, July 7, 2021 /PRNewswire/ —

The industrial high voltage motors market is poised to grow by USD 1.12 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period.

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Read the 120-page report with TOC on «Industrial High Voltage Motors Market Analysis Report by End-user (Oil and gas industry, Chemicals and petrochemicals industry, Utilities sector, Water and wastewater treatment industry, and Others), Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts, 2021-2025″.

The market is driven by the increasing renewable power generation. In addition, the emergence of customized industrial high voltage motors is anticipated to boost the growth of the industrial high voltage motors market.

The growing concerns over global warming are forcing governments across the world to increase investments in renewable power sources. The growth in renewable power energy capacity is resulting in an increase in the size of energy grids and renewable power plants. This is increasing the demand for industrial high voltage motors in various renewable power applications such as cooling systems and steam cycles, fuel supplies, and fans in the flue gas systems. Thus, with the increase in renewable power generation, the growth of the global industrial high voltage motors market will accelerate during the forecast period.

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Major Five Industrial High Voltage Motors Companies:

ABB Ltd.

The company manufactures and offers a full range of high voltage induction motors, including modular slip-ring motors, rib cooled motors, and modular welded frame motors with different cooling options.

CG Power and Industrial Solutions Ltd.

The company provides a broad range of high voltage motors from 2 to 24 Poles up to 25 MW range in several enclosures such as Closed Air Circuit Air Cooled (CACA), Closed Air Circuit Water Cooled (CACW), Screen Protected Drip Proof (SPDP), Totally Enclosed Tube Ventilated Motors (TETV), Totally Enclosed Fan Cooled (TEFC) to meet several industrial requirements.

General Electric Co.

The company offers a range of medium power and large power induction motors as well as horizontal and vertical synchronous motors for some of the first commercial and industrial electrical applications.

Hitachi Ltd.

The company offers high voltage horizontal squirrel cage type and high voltage vertical squirrel cage type of large electric motors that are used for industrial applications such as mining, thermal power generation, and water transportation.

Meidensha Corp.

The company offers high voltage synchronous motors and high voltage wound rotor type electric motors that are used for various industrial applications.

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Industrial High Voltage Motors Market End-user Outlook (Revenue, USD Billion, 2020-2025)

  • Oil and gas industry – size and forecast 2020-2025
  • Chemicals and petrochemicals industry – size and forecast 2020-2025
  • Utilities sector – size and forecast 2020-2025
  • Water and wastewater treatment industry – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

Industrial High Voltage Motors Market Geography Outlook (Revenue, USD Billion, 2020-2025)

  • APAC – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025
  • South America – size and forecast 2020-2025

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