Global Industrial Motors Market 2021 is expected to register a CAGR of 5.44%, during forecast period with Impact of Covid 19 Analysis

Industrial

Global “Industrial Motors Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Industrial Motors in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Industrial Motors Market report categorizes the market based on manufacturers, regions, type, and application. Industrial Motors Market reports offer a detailed assessment of the Industrial Motors including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Industrial Motors market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT – REQUEST SAMPLE

The global Industrial Motors Market has been valued at USD 76.14 billion in 2017 and is expected to reach a value of USD 105.27 billion by 2023 at a CAGR of 5.44% during the forecast period (2018 – 2023).

The Oil and Gas, Food & Beverage, and Power Generation industries are a few of the major customers of industrial motors that have been expanding in regions of North America and Asia, growing the demand for industrial motor sales. In addition, increased investments in developing Asian countries for establishing new end-user infrastructure by major end-users has also enhanced demand for industrial motors in Asia. Increasing usage in automotive industry and technological advancements leading to energy efficient and Environment friendly motors are the major factors influencing the growth of Industrial Motors.

With recent technological advancements and implementation of government policies like Minimum Energy Performance Standards (MEPS) in several counties gave rise to energy efficient motor systems, which increased the market share of the industrial motors. According to United Nations Industrial Development Organization, electric motor systems account for 60 percent of industrial electricity consumption, so in order to reduce the electricity consumption and investments to overcome these barriers supported the growth of energy efficient motors.

Technological Advancements Leading to Energy Efficient and Environment Friendly Motors

Electrical motors are estimated to account for approximately 29% of global and 69% of industrial electricity consumption with energy costs accounting to around 362 billion per year. Electric motors drive various industrial processes, like rolls, compressors for pressurized air generation, water pumping, ventilation and other forms of mechanical handling and processing. With the help of today’s technologies, manufacturers are able to provide energy efficient electrical motors, which are able to reduce the costs effectively by 20% – 30%. This potential is expected to reduce the electricity consumption by 3 to 5 EJ and also cut the CO2 emissions by 770 – 1100 Mt thereby saving USD 72 – 108 billion for the industry annually and is expected to improve in the coming years.

Alternating Current (AC) Motors is expected to have highest market share

Alternating Current Motors (AC), which are driven by alternating current can be further classified into two types- Induction motor (Asynchronous motor) and Synchronous motor. AC motors are one of the widely used types of motor because of their various advantages. Some of the advantages are their varied structure depending upon the usage and industrial requirement, adjustable speed motors and availability of different types. AC motors have gained importance in various industries because of their properties to meet the needs with its several features, like torque generation, power factor, speed control, and there is no need of commutator and it is maintenance free and is available at a low cost. Various applications of AC motors are used for crane, rolling stand motor, large machines, and other special applications.

Europe is expected to witness significant revenue

European manufacturing and industrial sector is one of the most technically advanced and innovative industries in the world. European manufacturing is also a dominant element in international trade, leading the world in the areas of automotive, machinery, and agricultural engineering. Specific policies by the European Union, to reduce pollution and EU’s pledge to reduce energy consumption up to 20% by 2021 are driving the market for industrial motors.

Get a Sample PDF of Report @ https://www.360marketupdates.com/enquiry/request-sample/12886377

The global Industrial Motors market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Industrial Motors Market Report covers the Top Key-players in 2021:-

  • General Electric Company
  • ABB Ltd
  • Allen – Bradly Co. LLC (Rockwell Automation Inc.)
  • Siemens AG
  • AMETEK
  • Inc.
  • Arc Systems Inc.
  • Johnson Electric
  • Emerson Electric Co.
  • Toshiba International Corporation
  • Nidec Motor Corporation
  • Maxon Motor AG
  • Franklin Electric
  • Baldor Electric Company
  • Fuji Electric Co.
  • Ltd.
  • ATB Austria Antriebstechnik AG
  • MENZEL Elektromotoren GmbH

Highlighted points of Industrial Motors Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12886377

This Industrial Motors Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Industrial Motors? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Industrial Motors Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Industrial Motors Market? What Was Capacity, Production Value, Cost and PROFIT of Industrial Motors Market?
  • What Is Current Market Status of Industrial Motors Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Industrial Motors Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Industrial Motors Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Industrial Motors Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Industrial Motors Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Industrial Motors Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Industrial Motors Industry?

Key Developments in the Industrial Motors Market:

  • November 2017 – Airbus, Rolls-Royce, and Siemens have formed a partnership, which aims at developing a flight demonstrator of commercial aircraft. The E-Fan X hybrid-electric technology demonstrator is expected to fly in 2021. Provisions will be made to replace a second gas turbine with an electric motor once system maturity has been proven
    The m

    Reasons to Purchase this Report

  • Impact of opportunities offered by industrial automation
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Growth of various types of motors such as supply chain AC motors, DC Motors
  • Regional analysis of the market
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst supports, along with the Market Estimate sheet (in Excel)

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12886377

    Finally, the report Global Industrial Motors Market 2021 describes the Industrial Motors industry expansion game plan, the Industrial Motors industry knowledge supply, appendix, analysis findings, and the conclusion.

    About 360 Market Updates:

    360 Market Updates is a credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is to provide a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding the most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

    Contact Info: –

    360 Market Updates

    Mr. Ajay More

    USA: +1 424 253 0807

    UK: +44 203 239 8187

    [email protected]

    Luxury Perfume Market Size Survey 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Luxury Perfume Market Size Survey 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Luxury Perfume Market Size Survey 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Luxury Perfume Market Size Survey 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Internet of Things in Retail Market Analysis Survey 2021 with Top Countries Data: Industry Overview by Size, Share, Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors | With Covid 19 Analysis

    Internet of Things in Retail Market Analysis Survey 2021 with Top Countries Data: Industry Overview by Size, Share, Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors | With Covid 19 Analysis

    Internet of Things in Retail Market Analysis Survey 2021 with Top Countries Data: Industry Overview by Size, Share, Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors | With Covid 19 Analysis

    Mobile Virtual Network Operator (MVNO) Market Report Survey 2021 with Top Countries Data: Industry Insights by Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen | With Covid 19 Analysis

    Global Diagnostic Ultrasound Devices Market Trend 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Global Hardware-in-the-Loop (HIL) Simulation Market 2020 Covid 19 Impact on Top countries data Boosting the Growth Worldwide:Market Key Dynamics, Recent and Future Demand, Trends, Share Valuation Industry Size and Foreseen Research Report

  • Previous post Global Sialon Market 2021 Top Companies Report Covers, Top Countries analysis,Impact, Corporate Synergy, Disruption, Deep Dive, Core Competency, Incentivize, Outside The Box, Forecast To 2026
    Next post Global PP-WAX Market 2021 Top Companies Report Covers, Impact, Corporate Synergy, Disruption, Top Countries analysis,Deep Dive, Core Competency, Incentivize, Outside The Box, Share & Trends Analysis 2026