The Global Medium Voltage Motors Market size by AC Motors is expected to grow USD 1.19 billion, at a CAGR of 4% from For

1. Medium Voltage Motors Market to Grow by USD 1.19 Billion during 2019-2023 | Technavio KEY TREND toi lt» marker wTI be the dovotopmaal ol MEDIUM VOLTAGE DRIVES ANO DISTRIBUTION SYSTEMS CAGR * 4% Accelerating APAC to em erge a* the FASTEST GtOWINO goography W INCREMENTAL GROWTH $ 1.19 bn AC MOTORS SEGMENT accounted fur the HIGHEST MARKET SHARE rrt dOSO to 59% AC m olofl TOP 2 PRODUCT SEGMENTS DC motor* 10,000+ report* covem g r*che topic* READ THE REPORT | P J IN f)l JSJkTAI S INDUST&1AI ^ GLOBAL MEDIUM VOLTAGE MOTORS MARKET 201V-2023 N o d rtVkiTT ijf wYr* l9thndvio.com technavio Technavio has published a new market research report on the global medium voltage motors market from 2019-2023. (Graphic: Business Wire) Free sample report contains market size and forecast, drivers, challenges, trends, and more - Request for Free Sample @ https://www.technavio.com/talk-to- us?report=Medium%20Voltage%20Motors%20Market%20by%20End- users%2C%20Product%2C%20and%20Geography%20- %20Global%20Forecast%20and%20Analysis%202019-2023&type=sample&src=report AC motors product segment will garner the highest share Internal fixation products was the largest segment of the global medium voltage motors market in 2018 and is expected to grow faster than the overall market during the forecast period. Most AC motors are available as induction motors or synchronous motors. The demand for induction motors is high compared with synchronous motors as they are self-starting motors and require low maintenance costs. The availability of variable frequency drives (VFDs) has increased the suitability of induction motors for variable speed applications. Such factors are expected to fuel the growth of the AC motors segment in the medium voltage motors market during the forecast period. Development of medium voltage drives and distribution systems Industrial motors require electric drives to control the speed, torque, and direction of an electrical motor. Similarly, the negative impact of fluctuating power supply, which can result in the inefficient performance of connected equipment, including motors, increases the need for switchgears. Switchgears help stabilize the unsteady flow of power and shield connected

2. devices. Thus, the availability of electric drives and distribution management system (DMS) is expected to increase the adoption of medium voltage motors, thereby fueling the global medium voltage motors market growth during the next five years. “The global medium voltage motors market size by AC motors is expected to grow significantly due to several operational benefits offered by medium voltage AC motors. The operation of AC motors generates less vibration and noise, and the cost of maintenance is lesser than that of DC motors. Moreover, AC motors do not require rectifiers, which results in cost savings. Therefore, the quiet operations and optimum performance of medium voltage AC motors are expected to increase their adoption over the next five years,” says a senior research analyst at Technavio. Speak to Research Expert @ https://www.technavio.com/talk-to- us?report=Medium%20Voltage%20Motors%20Market%20by%20End- users%2C%20Product%2C%20and%20Geography%20- %20Global%20Forecast%20and%20Analysis%202019-2023&type=customization Medium voltage motors to witness fastest adoption in APAC. APAC was the largest geographical segment in 2018 and is expected to be the fastest growing region of the global medium voltage motors market during the forecast period. Most highly populated countries such as India, China, Indonesia, and Bangladesh are developing, and other small countries such as Thailand and Vietnam are emerging as industrial hubs. Moreover, the growth of the population and the rising disposable income of people are leading to an increase in investments in the power generation, steel and cement, and water and wastewater industries. Hence, the demand for medium voltage motors for blowers, coal handling systems, and feedwater pumps is expected to increase significantly in APAC. Few Major Vendors in the global medium voltage motors market are: • • • • • ABB Ltd. General Electric Co. TECO Electric & Machinery Co. Ltd. Toshiba Corp. WEG SA. Browse Industries Reports @ Electrical Equipment About Technavio Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position. With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios. If you are interested in more information, please contact our media team at media@technavio.com.

3. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 www.technavio.com