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Medium voltage motors market growing at 5.92% CAGR by 2021 according to new research report

The global medium voltage motors market to grow at a CAGR of 5.92% during the period 2017-2021.

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The following companies as the key players in the global medium voltage motors market: ABB, WEG, GE, TOSHIBA, and TECO-Westinghouse. Other Prominent Vendors in the market are: VEM, Brook Crompton, Rockwell Automation, Schneider Electric, OME, LEESON, maxon motor, Johnson Electric, and Bosch Rexroth.

Complete report on the Medium Voltage Motors Market Research Report spread across 73 pages, profiling 13 companies with table of content is now available at  www.reportsnreports.com/.aspx?name=1127639 

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Medium Voltage Motors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is smart sensors for medium voltage motors. In the recent times, industries are becoming smart with the help of Internet of Things (IoT).

Each component of industries is connected to cloud computing technology so that preventive and predictive maintenance can be carried out easily. As medium voltage motors are deployed inside the equipment, it becomes very difficult to maintain a regular check on the motors.

Hence, motors are connected with smart sensors that send the information of a motor’s working condition to a cloud computing technology. In this way, people inside the facility can notice and maintain a proper timing for a motor’s service or repair if required.

Smart sensors can be attached to the existing infrastructure as well. The end-users do not need to change the infrastructure to deploy sensors and get the motors connected to the whole industry through IoT.

According to the report, one of the major drivers for this market is Cost saving due to efficient engineering. Efficient engineering that ensures proper designing of medium voltage motors enables faster production, more flexible operations, and enhanced intelligent facilities.

The components of medium voltage motors are thoroughly tested to deliver reliable performance in the industry. The integration of appropriate design and tested components provide opportunity to end-users to save their time and cost of operations.

This also minimizes the risk of internal or external damages to medium voltage motors. Integrated diagnostics helps companies to reduce their downtime and gives a better performance of the equipment.

Efficient time saving helps end-users make their products easily and abundantly available in the market. This minimizes the overall spending of the end-users, hence offering strategic and competitive advantages.


Access this Report at www.reportsnreports.com/.aspx?name=1127639 .

 

Further, the report states that one of the major factors hindering the growth of this market is Government regulations for manufacturing of medium voltage motors. While designing motors, manufacturers need to adhere to various regulations that are followed worldwide.

These regulations are set to ensure that the motors emit less amount of carbon and conserve the environment as well as energy. These regulations vary across regions; matching each region’s regulatory compliances becomes a challenging task for the manufacturers.

As a result, manufacturers face problems in the expansion of their businesses in most regions. Therefore, though there is an increase in the number of unused motors produced by manufacturers, many remain unsold due to non-compliance with government regulations.

These medium voltage motors that are manufactured by companies have to face a huge loss on not being sold, resulting in inventory build-up. Hence, companies find it difficult to manufacture motors in accordance with the compliance requirements of each region.

This report covers the present scenario and the growth prospects of the global medium voltage motors market for 2017-2021. To calculate the market size, the report considers the new installations, sales, replacement, retrofit, and services market.

Medium voltage motors operate within the power range of 25 MW to 75 MW. Medium voltage motors are extremely beneficial for various industrial operations.

Some of these benefits are reducing load on the equipment, lowering noise levels, reducing carbon emissions, delivering better control of processes to end-users, minimizing mechanical maintenance, and facilitating hazardous operations. By product, the global medium voltage motors market is classified into AC motors and DC motors.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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