North America Medium Voltage Synchronous Motors Market to 2032
Overview
The North America Medium Voltage Synchronous Motors Market is expected to reach a 2.07 USD Billion by 2032 and is projected to grow at a CAGR of 4.48% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.47
Forecast, 2032 (USD Billion)
2.07
CAGR, 2024 - 2032
4.48%
Report Coverage
North America
North America Medium Voltage Synchronous Motors Market 2018-2032 USD Billion
North America Medium Voltage Synchronous Motors Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.47 USD Billion
- Projected Market Size (2032): 2.07 USD Billion
- CAGR (2025-2032): 4.48%
Key Findings of North America Medium Voltage Synchronous Motors Market
- The North America Medium Voltage Synchronous Motors Market was valued at 1.47 USD Billion in 2024.
- The North America Medium Voltage Synchronous Motors Market is likely to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment High Speed (1200–3600 RPM) in Speed Range Segment accounted for the largest share of the market with a revenue of 0.83 USD Billion
- The fastest growing segment Pumps & Fans in Application Segment grew Fastest with a CAGR of 5.31% during the forecast period from 2024 to 2032.
North America Medium Voltage Synchronous Motors Market Scope
North America Medium Voltage Synchronous Motors Market Segmentation & Scope
Horsepower (HP)
- Above 10,000 HP
- 5,000 HP – 10,000 HP
- Below 500 HP
- 500 HP – 1,000 HP
- 2,000 HP – 5,000 HP
- 1,000 HP – 2,000 HP
Speed Range
- Super Synchronous Speed (Above 3600 RPM)
- Low Speed (=900 RPM)
- High Speed (1200–3600 RPM)
Application
- Others
- Robotics
- Electric Vehicles (EVs)
- Industrial Mixers
- Steam Turbines
- Conveyors
- Compressors
- Pumps & Fans
End Use
- Others
- Water and Wastewater
- Petrochemicals
- Marine
- Mining
- Power Generation
- Oil & Gas
- Manufacturing
Sales Channel
- System Integrators
- Distribution
- Direct Sales/Through OEMs
North America Medium Voltage Synchronous Motors Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.47 USD Billion |
| Market Value in 2032 | 2.07 USD Billion |
| CAGR (2025-2032) | 4.48% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Horsepower (HP),Speed Range,Application,End Use,Sales Channel |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 1.47 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 1,062.58 USD Million in 2024.
Segments and Scope
-
North America Medium Voltage Synchronous Motors Market to 2032, By Horsepower (HP)
- 1,000 HP – 2,000 HP is the largest segment in North America Medium Voltage Synchronous Motors Market to 2032 with a revenue of 478.94 USD Billion in the year 2024.
- 1,000 HP – 2,000 HP is the Fastest growing segment in North America Medium Voltage Synchronous Motors Market to 2032 with a Growth rate of 5.13 % in forecast period 2025-2032.
-
North America Medium Voltage Synchronous Motors Market to 2032, By Speed Range
- High Speed (1200–3600 RPM) is the largest segment in North America Medium Voltage Synchronous Motors Market to 2032 with a revenue of 833.41 USD Billion in the year 2024.
- High Speed (1200–3600 RPM) is the Fastest growing segment in North America Medium Voltage Synchronous Motors Market to 2032 with a Growth rate of 4.60 % in forecast period 2025-2032.
-
North America Medium Voltage Synchronous Motors Market to 2032, By Application
- Pumps & Fans is the largest segment in North America Medium Voltage Synchronous Motors Market to 2032 with a revenue of 461.51 USD Billion in the year 2024.
- Pumps & Fans is the Fastest growing segment in North America Medium Voltage Synchronous Motors Market to 2032 with a Growth rate of 5.31 % in forecast period 2025-2032.
-
North America Medium Voltage Synchronous Motors Market to 2032, By End Use
- Manufacturing is the largest segment in North America Medium Voltage Synchronous Motors Market to 2032 with a revenue of 386.29 USD Billion in the year 2024.
- Manufacturing is the Fastest growing segment in North America Medium Voltage Synchronous Motors Market to 2032 with a Growth rate of 5.06 % in forecast period 2025-2032.
-
North America Medium Voltage Synchronous Motors Market to 2032, By Sales Channel
- Direct Sales/Through OEMs is the largest segment in North America Medium Voltage Synchronous Motors Market to 2032 with a revenue of 570.76 USD Billion in the year 2024.
- Direct Sales/Through OEMs is the Fastest growing segment in North America Medium Voltage Synchronous Motors Market to 2032 with a Growth rate of 4.83 % in forecast period 2025-2032.
North America Medium Voltage Synchronous Motors Market Company Share Analysis
| Company Name |
|
||
| ABB | |||
| Hitachi, Ltd. | |||
| Nidec ASI spa | |||
| Wolong Electric Group | |||
| Johnson Electric Holdings Limited | |||
North America Medium Voltage Synchronous Motors Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Medium Voltage Synchronous Motors Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Medium Voltage Synchronous Motors Market is segmented based on Segmentation Horsepower (HP),Speed Range,Application,End Use,Sales Channel.
North America Medium Voltage Synchronous Motors Market was valued at USD 1.47(Revenue in USD Billion) in 2024.
North America Medium Voltage Synchronous Motors Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The High Speed (1200–3600 RPM) segment is expected to dominate the North America Medium Voltage Synchronous Motors Market, holding a largest market share of 0.83 USD Billion in 2024
North America Medium Voltage Synchronous Motors Market Scope
North America Medium Voltage Synchronous Motors Market Segmentation & Scope
Horsepower (HP)
- Above 10,000 HP
- 5,000 HP – 10,000 HP
- Below 500 HP
- 500 HP – 1,000 HP
- 2,000 HP – 5,000 HP
- 1,000 HP – 2,000 HP
Speed Range
- Super Synchronous Speed (Above 3600 RPM)
- Low Speed (=900 RPM)
- High Speed (1200–3600 RPM)
Application
- Others
- Robotics
- Electric Vehicles (EVs)
- Industrial Mixers
- Steam Turbines
- Conveyors
- Compressors
- Pumps & Fans
End Use
- Others
- Water and Wastewater
- Petrochemicals
- Marine
- Mining
- Power Generation
- Oil & Gas
- Manufacturing
Sales Channel
- System Integrators
- Distribution
- Direct Sales/Through OEMs
Frequently Asked Questions
The North America Medium Voltage Synchronous Motors Market is segmented based on Segmentation Horsepower (HP),Speed Range,Application,End Use,Sales Channel.
North America Medium Voltage Synchronous Motors Market was valued at USD 1.47(Revenue in USD Billion) in 2024.
North America Medium Voltage Synchronous Motors Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The estimated market value of the North America Medium Voltage Synchronous Motors Market for final year is USD 2.07 (USD Billion).
North America Medium Voltage Synchronous Motors Market Company Profiling
Frequently Asked Questions
The North America Medium Voltage Synchronous Motors Market is segmented based on Segmentation Horsepower (HP),Speed Range,Application,End Use,Sales Channel.
North America Medium Voltage Synchronous Motors Market was valued at USD 1.47(Revenue in USD Billion) in 2024.
North America Medium Voltage Synchronous Motors Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The estimated market value of the North America Medium Voltage Synchronous Motors Market for final year is USD 2.07 (USD Billion).
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