Industrial Motor Market to Witness Growth Acceleration During 2017-2026

Posted January 16, 2020 by preefacto

Industrial Motor Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2026
Fact.MR’s Report on Global Industrial Motor Market

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global industrial motor market considering 2017–2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The industrial motor market study outlines the key regions – North America, Latin America, Europe and Japan – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Shandong Huali Electric Motor Group Co. Ltd., CG Power and Industrial Solutions Limited, Regal Beloit Corporation, Nidec Corporation, Hyosung Corporation, Toshiba Corporation, TECO Electric & Machinery Co., Ltd., WEG SA, Siemens Aktiengesellschaft, and ABB Limited.

Expansion of industries with increasing production around the world is resulting in the growth of industrial motor. Moreover, increasing cost of electricity is leading towards the rising demand for energy efficient and cost-effective industrial motor. Hence, manufacturers are focusing on developing industrial motor with a new design and lightweight to make it easy to use across various industries. Increasing awareness regarding the depletion of water resources and growing need for water recycling is also contributing towards the growth of industrial motor market. Manufacturers are also moving towards integrating smart sensors in the industrial motor to reduce downtime and extend the lifetime along with the low energy consumption. Manufacturers are also focusing on the control system for industrial motor that helps in reducing the energy consumption.

According to the report compiled by Fact.MR, the global industrial motor market is expected to witness sluggish growth. The market is estimated to increase to 3.4% CAGR during the forecast period 2017-2026. By the end of 2026, the global industrial motor market is estimated to reach US$ 14,959.1 million revenue. Converting electrical energy into mechanical energy, industrial motor is used in manufacturing units. Improving standards in design and efficiency are driving manufacturers to develop and design new industrial motor that can reduce energy consumption and offer efficiency. Following are the insights on how the global industrial motor market will perform during the forecast period.

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The industrial motor market report addresses the below-mentioned queries:

Why are vendors shifting away from traditional methods of manufacturing industrial motor market?
How does the global industrial motor market looks like in the next five years?
Which end use industry is expected to surpass segment by the end of 2026?
What innovative products are being introduced by the players in the global industrial motor market?
Which regions are showing the fastest market growth?

On the basis of efficiency, the industrial motor market study consists of

DC and others

On the basis of application type, the industrial motor market study incorporates:

Pumps & Fans

Crucial insights in the industrial motor market research:

Underlying macro- and microeconomic factors impacting the growth of the industrial motor market.
Basic overview of the industrial motor market, including market definition, classification, and applications.
Scrutinization of each industrial motor market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of industrial motor market across various industries.
Important regions and countries offering lucrative opportunities to industrial motor market stakeholders.

Request for Report Methodology:

Reasons to choose Fact.MR:

Exhaustive research regarding the market to offer A to Z information.
Digital technologies to provide innovative business solutions to the clients.
24/7 availability of services.
Interaction with suppliers, vendors, and service providers for precise market landscape.
Reports tailored as per the requirements of the clients.
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Categories Industry , News , Research
Tags industrial motor
Last Updated January 16, 2020