DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k8d73d/global_medium) has announced the addition of the "Global Medium Voltage Motors Market 2015-2019" report to their offering.
The analysts forecast the Global Medium Voltage Motors Market will grow at a CAGR of 5.92% over the period 2014-2019
Any machine which converts electrical energy into usable mechanical energy could be called as a motor. Motors are used in various applications like industrial pumps, machine tools, power tools and household appliances. Motors can be classified on different basis such as power consumption and mode of working. Medium voltage motors are those which operate within a power range of 75 kW to 25 MW. They are used in various industries such as Oil and Natural Gas, Power Generation, Mining, Water and Wastewater, Metals and Marine.
The shift toward premium efficiency motors is a major trend in the market. The medium voltage motor vendors are focusing on reducing the cost by shifting to highly efficient motors. Also, governments worldwide are planning to implement IE3 norms in the next three years, which will result in end-users considering energy efficiency as an important buying criterion.
According to the report, one of the major drivers of the market is the growth of hydraulic fracking. Hydraulic fracking has opened new ways for tapping oil from oil wells once thought to be drained. This technique has been widely adopted in North America.
Further, the report states that one of the major challenges faced by the market is the threat from low-cost vendors. The entry of low-cost vendors from the APAC region has intensified the competition in the Global Medium Voltage Motors market in the past few years. These vendors offer motors at a cheaper price than leading international vendors.
- ABB Ltd.
- Regal Beloit Corp.
- Siemens AG
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/k8d73d/global_medium