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
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Motors Market, By Voltage
5.1 Introduction
5.2 High Voltage
5.3 Medium Voltage
5.4 Low Voltage
5.4.1 IE 1 (Standard Efficiency)
5.4.2 IE2 (High Efficiency)
5.4.3 IE3 (Premium Efficiency)
5.4.4 IE4 (Super Premium Efficiency)
5.5 Very Low Voltage
6 Global Industrial Motors Market, By Product
6.1 Introduction
6.2 Servomotors
6.3 Electronically Commuted Motors (ECM)
6.4 Direct Current (DC)
6.4.1 Winding Field Direct Current (DC) Motor
6.4.2 Brushless Direct Current (DC) Motor
6.4.2.1 Interior Permanent Magnet Type
6.4.2.2 Surface Permanent Magnet Type
6.4.3 Permanent Magnet Direct Current (DC) Brush Motor
6.5 Alternating Current (AC)
6.5.1 Operation
6.5.1.1 Synchronous
6.5.1.1.1 Brushless Motor
6.5.1.1.2 Synchronous Reluctance
6.5.1.1.3 Permanent Magnet Alternating Current (AC) Motor
6.5.1.1.4 Wound Field Motor
6.5.1.2 Asynchronous/Induction Motor
6.5.1.3 Variable Reluctance Motor
6.5.1.3.1 Switched Reluctance Motors
6.5.1.3.2 Stepper Motor
6.5.2 Phase
6.5.2.1 Single Phase
6.5.2.2 Three Phase
6.6 Traction Motors
7 Global Industrial Motors Market, By Power Output
7.1 Introduction
7.2 Integral Horsepower (IHP)
7.3 Fractional Horsepower (FHP)
8 Global Industrial Motors Market, By End User
8.1 Introduction
8.2 Construction
8.3 Ceramics and Glass
8.4 Pharmaceutical
8.5 Plastics and Packaging
8.6 Automotive
8.7 Petrochemicals
8.8 Elevators and Escalators
8.9 Utilities
8.9.1 Gas Distribution
8.9.2 Water and Wastewater Treatment and Distribution
8.10 Mining
8.10.1 Crushers and Grinding Mills
8.10.2 Floatation Cells
8.10.3 Pumping Stations
8.10.4 Conveyor System
8.11 Oil & Gas
8.11.1 Upstream
8.11.2 Midstream
8.11.3 Downstream
8.12 Textile
8.12.1 Carding Machines
8.12.2 Mixing and Beating Machines
8.12.3 Winding Machines
8.12.4 Washers and Pumps
8.13 Chemical
8.13.1 Fans, Blowers and Compressors
8.13.2 Centrifuges, Agitators and Mixers
8.14 Metal Processing
8.14.1 Rolling Mills
8.14.2 Extruders
8.15 Food and Beverage
8.15.1 Milling
8.15.2 Heating, Ventilation, and Air Conditioning (HVAC) System
8.16 Agriculture
8.16.1 Aeration and Conditioning
8.16.2 Grain Handling
8.16.3 Feed Delivery Systems
8.17 Power Generation
8.17.1 Hydel Power Plants
8.17.2 Nuclear Power Plants
8.17.3 Wind Mills
8.17.4 Coal, Gas and Oil-Fired Plants
8.17.5 Geothermal Power Plants
8.18 Marine
8.18.1 Off Board (Cranes and Hoists)
8.18.2 Onboard (Winches and Mooring System)
8.19 Paper and Pulp
8.19.1 Feed and Conveyor Systems
8.19.2 Reeling and Rolling Machines
8.20 General Manufacturing/Industrial Machinery
8.20.1 Machine Tools
8.20.2 Assembly Lines
8.21 Railways
8.22 Logistics and Warehousing
8.22.1 Manual Cranes and Hoists
8.22.2 Automated Storage and Retrieval Systems (ASRS) Systems
8.22.3 Belt Conveyors
9 Global Industrial Motors Market, By Sales Channel
9.1 Introduction
9.2 Distributor to End User
9.3 Direct to End User
9.4 Direct to Original Equipment Manufacturer (OEM)
9.5 Distributor to Original Equipment Manufacturer (OEM)
9.6 Distributor to System Integrator
9.7 Direct to System Integrator
10 Global Industrial Motors Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB
12.2 Ametek
12.3 ARC Systems Inc.
12.4 Baldor Electric Company
12.5 Emerson Electric
12.6 Franklin Electric
12.7 General Electric
12.8 Hyosung Corporation
12.9 Mitsubishi
12.10 Nidec Corp
12.11 Regal Beloit Corporation
12.12 Rockwell Automation
12.13 Shandong Huali Electric Motor Group Co. Ltd.
12.14 Siemens AG
12.15 Toshiba Corporation
List of Tables
1 Global Industrial Motors Market Outlook, By Region (2019-2028) ($MN)
2 Global Industrial Motors Market Outlook, By Voltage (2019-2028) ($MN)
3 Global Industrial Motors Market Outlook, By High Voltage (2019-2028) ($MN)
4 Global Industrial Motors Market Outlook, By Medium Voltage (2019-2028) ($MN)
5 Global Industrial Motors Market Outlook, By Low Voltage (2019-2028) ($MN)
6 Global Industrial Motors Market Outlook, By IE 1 (Standard Efficiency) (2019-2028) ($MN)
7 Global Industrial Motors Market Outlook, By IE2 (High Efficiency) (2019-2028) ($MN)
8 Global Industrial Motors Market Outlook, By IE3 (Premium Efficiency) (2019-2028) ($MN)
9 Global Industrial Motors Market Outlook, By IE4 (Super Premium Efficiency) (2019-2028) ($MN)
10 Global Industrial Motors Market Outlook, By Very Low Voltage (2019-2028) ($MN)
11 Global Industrial Motors Market Outlook, By Product (2019-2028) ($MN)
12 Global Industrial Motors Market Outlook, By Servomotors (2019-2028) ($MN)
13 Global Industrial Motors Market Outlook, By Electronically Commuted Motors (ECM) (2019-2028) ($MN)
14 Global Industrial Motors Market Outlook, By Direct Current (DC) (2019-2028) ($MN)
15 Global Industrial Motors Market Outlook, By Winding Field Direct Current (DC) Motor (2019-2028) ($MN)
16 Global Industrial Motors Market Outlook, By Brushless Direct Current (DC) Motor (2019-2028) ($MN)
17 Global Industrial Motors Market Outlook, By Permanent Magnet Direct Current (DC) Brush Motor (2019-2028) ($MN)
18 Global Industrial Motors Market Outlook, By Alternating Current (AC) (2019-2028) ($MN)
19 Global Industrial Motors Market Outlook, By Operation (2019-2028) ($MN)
20 Global Industrial Motors Market Outlook, By Phase (2019-2028) ($MN)
21 Global Industrial Motors Market Outlook, By Traction Motors (2019-2028) ($MN)
22 Global Industrial Motors Market Outlook, By Power Output (2019-2028) ($MN)
23 Global Industrial Motors Market Outlook, By Integral Horsepower (IHP) (2019-2028) ($MN)
24 Global Industrial Motors Market Outlook, By Fractional Horsepower (FHP) (2019-2028) ($MN)
25 Global Industrial Motors Market Outlook, By End User (2019-2028) ($MN)
26 Global Industrial Motors Market Outlook, By Construction (2019-2028) ($MN)
27 Global Industrial Motors Market Outlook, By Ceramics and Glass (2019-2028) ($MN)
28 Global Industrial Motors Market Outlook, By Pharmaceutical (2019-2028) ($MN)
29 Global Industrial Motors Market Outlook, By Plastics and Packaging (2019-2028) ($MN)
30 Global Industrial Motors Market Outlook, By Automotive (2019-2028) ($MN)
31 Global Industrial Motors Market Outlook, By Petrochemicals (2019-2028) ($MN)
32 Global Industrial Motors Market Outlook, By Elevators and Escalators (2019-2028) ($MN)
33 Global Industrial Motors Market Outlook, By Utilities (2019-2028) ($MN)
34 Global Industrial Motors Market Outlook, By Gas Distribution (2019-2028) ($MN)
35 Global Industrial Motors Market Outlook, By Water and Wastewater Treatment and Distribution (2019-2028) ($MN)
36 Global Industrial Motors Market Outlook, By Mining (2019-2028) ($MN)
37 Global Industrial Motors Market Outlook, By Crushers and Grinding Mills (2019-2028) ($MN)
38 Global Industrial Motors Market Outlook, By Floatation Cells (2019-2028) ($MN)
39 Global Industrial Motors Market Outlook, By Pumping Stations (2019-2028) ($MN)
40 Global Industrial Motors Market Outlook, By Conveyor System (2019-2028) ($MN)
41 Global Industrial Motors Market Outlook, By Oil & Gas (2019-2028) ($MN)
42 Global Industrial Motors Market Outlook, By Upstream (2019-2028) ($MN)
43 Global Industrial Motors Market Outlook, By Midstream (2019-2028) ($MN)
44 Global Industrial Motors Market Outlook, By Downstream (2019-2028) ($MN)
45 Global Industrial Motors Market Outlook, By Textile (2019-2028) ($MN)
46 Global Industrial Motors Market Outlook, By Carding Machines (2019-2028) ($MN)
47 Global Industrial Motors Market Outlook, By Mixing and Beating Machines (2019-2028) ($MN)
48 Global Industrial Motors Market Outlook, By Winding Machines (2019-2028) ($MN)
49 Global Industrial Motors Market Outlook, By Washers and Pumps (2019-2028) ($MN)
50 Global Industrial Motors Market Outlook, By Chemical (2019-2028) ($MN)
51 Global Industrial Motors Market Outlook, By Fans, Blowers and Compressors (2019-2028) ($MN)
52 Global Industrial Motors Market Outlook, By Centrifuges, Agitators and Mixers (2019-2028) ($MN)
53 Global Industrial Motors Market Outlook, By Metal Processing (2019-2028) ($MN)
54 Global Industrial Motors Market Outlook, By Rolling Mills (2019-2028) ($MN)
55 Global Industrial Motors Market Outlook, By Extruders (2019-2028) ($MN)
56 Global Industrial Motors Market Outlook, By Food and Beverage (2019-2028) ($MN)
57 Global Industrial Motors Market Outlook, By Milling (2019-2028) ($MN)
58 Global Industrial Motors Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) System (2019-2028) ($MN)
59 Global Industrial Motors Market Outlook, By Agriculture (2019-2028) ($MN)
60 Global Industrial Motors Market Outlook, By Aeration and Conditioning (2019-2028) ($MN)
61 Global Industrial Motors Market Outlook, By Grain Handling (2019-2028) ($MN)
62 Global Industrial Motors Market Outlook, By Feed Delivery Systems (2019-2028) ($MN)
63 Global Industrial Motors Market Outlook, By Power Generation (2019-2028) ($MN)
64 Global Industrial Motors Market Outlook, By Hydel Power Plants (2019-2028) ($MN)
65 Global Industrial Motors Market Outlook, By Nuclear Power Plants (2019-2028) ($MN)
66 Global Industrial Motors Market Outlook, By Wind Mills (2019-2028) ($MN)
67 Global Industrial Motors Market Outlook, By Coal, Gas and Oil-Fired Plants (2019-2028) ($MN)
68 Global Industrial Motors Market Outlook, By Geothermal Power Plants (2019-2028) ($MN)
69 Global Industrial Motors Market Outlook, By Marine (2019-2028) ($MN)
70 Global Industrial Motors Market Outlook, By Off Board (Cranes and Hoists) (2019-2028) ($MN)
71 Global Industrial Motors Market Outlook, By Onboard (Winches and Mooring System) (2019-2028) ($MN)
72 Global Industrial Motors Market Outlook, By Paper and Pulp (2019-2028) ($MN)
73 Global Industrial Motors Market Outlook, By Feed and Conveyor Systems (2019-2028) ($MN)
74 Global Industrial Motors Market Outlook, By Reeling and Rolling Machines (2019-2028) ($MN)
75 Global Industrial Motors Market Outlook, By General Manufacturing/Industrial Machinery (2019-2028) ($MN)
76 Global Industrial Motors Market Outlook, By Machine Tools (2019-2028) ($MN)
77 Global Industrial Motors Market Outlook, By Assembly Lines (2019-2028) ($MN)
78 Global Industrial Motors Market Outlook, By Railways (2019-2028) ($MN)
79 Global Industrial Motors Market Outlook, By Logistics and Warehousing (2019-2028) ($MN)
80 Global Industrial Motors Market Outlook, By Manual Cranes and Hoists (2019-2028) ($MN)
81 Global Industrial Motors Market Outlook, By Automated Storage and Retrieval Systems (ASRS) Systems (2019-2028) ($MN)
82 Global Industrial Motors Market Outlook, By Belt Conveyors (2019-2028) ($MN)
83 Global Industrial Motors Market Outlook, By Sales Channel (2019-2028) ($MN)
84 Global Industrial Motors Market Outlook, By Distributor to End User (2019-2028) ($MN)
85 Global Industrial Motors Market Outlook, By Direct to End User (2019-2028) ($MN)
86 Global Industrial Motors Market Outlook, By Direct to Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
87 Global Industrial Motors Market Outlook, By Distributor to Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
88 Global Industrial Motors Market Outlook, By Distributor to System Integrator (2019-2028) ($MN)
89 Global Industrial Motors Market Outlook, By Direct to System Integrator (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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