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Industrial Motors Market

Industrial Motors Market Forecasts to 2028 – Global Analysis By Voltage (High, Low), Product (DC, AC), Power Output (IHP, FHP), End User (Textile, Marine), Sales Channel (Direct to End User, Direct to OEM) and By Geography

4.4 (80 reviews)
Published: October 2021 ID: SMRC20994
4.4 (80 reviews)
Published: October 2021 ID: SMRC20994

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Industrial Motors Market is accounted for $36.61 billion in 2020 and is expected to reach $56.75 billion by 2028 growing at a CAGR of 5.6% during the forecast period. Rapid enhancement in technological development, increase in urbanization, and increasing demand from downstream industries are driving the market growth. However, high cost of industrial motor and initial installation cost are hampering the growth of the market.

Industrial motors are widely used in industrial fans, machine tools, household appliances and power tools. Motors with highly invariable characteristics provide convenient mechanical power and are used in many industries. These motors have longer life and less maintenance.

Based on the voltage, the low voltage segment is going to have lucrative growth during the forecast period as these motors have high adopting rate in building management, industrial sector, shipbuilding and infrastructures and low voltage motors have high ruggedness, efficiency, and reliability.

By geography, Europe is going to have high growth during the forecast period due to the region’s government initiatives in the manufacturing sector and the expansion of major industries, expansion of oil reserves, especially through the discovery of unconventional sources, which drives the need for an industrial motor while growing market development in Europe.

Some of the key players profiled in the Industrial Motors Market include ABB, Ametek, ARC Systems Inc., Baldor Electric Company, Emerson Electric, Franklin Electric, General Electric, Hyosung Corporation , Mitsubishi, Nidec Corp, Regal Beloit Corporation, Rockwell Automation , Shandong Huali Electric Motor Group Co. Ltd., Siemens AG and Toshiba Corporation.

Voltages Covered:
• High Voltage
• Medium Voltage
• Low Voltage
• Very Low Voltage   

Products Covered:
• Servomotors
• Electronically Commuted Motors (ECM)
• Direct Current (DC)
• Winding Field Direct Current (DC) Motor
• Brushless Direct Current (DC) Motor
• Permanent Magnet Direct Current (DC) Brush Motor
• Alternating Current (AC)
• Operation
• Phase
• Traction Motors

Power Outputs Covered:
• Integral Horsepower (IHP)
• Fractional Horsepower (FHP)

End Users Covered:
• Construction
• Ceramics and Glass
• Pharmaceutical
• Plastics and Packaging
• Automotive
• Petrochemicals
• Elevators and Escalators
• Utilities
• Mining
• Oil & Gas
• Textile
• Chemical
• Metal Processing
• Food and Beverage
• Agriculture
• Power Generation
• Marine
• Paper and Pulp
• General Manufacturing/Industrial Machinery
• Railways
• Logistics and Warehousing

 Sales Channels Covered:
• Distributor to End User
• Direct to End User
• Direct to Original Equipment Manufacturer (OEM)
• Distributor to Original Equipment Manufacturer (OEM)
• Distributor to System Integrator
• Direct to System Integrator

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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