Global Industrial Motors Market Trend Survey 2021 with Top Countries Data And Covid-19 Analysis: Industry Size, Share, Future Challenges, Revenue, Demand, Industry Growth and Top Players Analysis and forecast

(The Express Wire via Comtex)

Global “Industrial Motors Market” research report 2021 analyzed in detail all the vital data to frame tactical business judgments and propose strategic growth plans. The Industrial Motors market growth is expected to register a CAGR of 5.44% during the forecast period.This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Also report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The report gives - Who are the global key players in this Industrial Motors market? What are their company profile, their product information, and contact information? What Was the Global Market Status of Industrial Motors Market? What Was Capacity, Production Value, Cost and PROFIT of Industrial Motors Market?

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Short Description About Industrial Motors Market 2021:

The global Industrial Motors Market has been valued at USD 76.14 billion in 2021 and is expected to reach a value of USD 105.27 billion by at a CAGR of 5.44% during the forecast period.

The Oil and Gas, Food and 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 2020 are driving the market for industrial motors.

Get a Sample PDF of Industrial Motors Market 2021

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

Industrial Motors Market Report covers the Top Key-players 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

With tables and figures helping analyze the worldwide Global Industrial Motors market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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

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

● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Motors Industry?
● What Was the Global Market Status of Industrial Motors Market? What Was Capacity, Production Value, Cost and PROFIT of Industrial Motors Market?
● 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?
● 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 are Their Company Profile, Their Product Information, and Contact Information?
● What Is the Current Market Status of the 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 Market Dynamics of Industrial Motors Market? What Are Challenges and Opportunities?

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

Highlighted points of Industrial Motors Market Report:

● 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.

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 2020. Provisions will be made to replace a second gas turbine with an electric motor once system maturity has been proven
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Reasons to Purchase Industrial Motors Market Report:

● The report analyses how the stringent emission control norms will drive the global Industrial Motors market.
● Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
● Study on the product type that is expected to dominate the market.
● Study on the regions that are expected to witness the fastest growth during the forecast period.
● Identify the latest developments, market shares and strategies employed by the major Industrial Motors market players.
● 3 months analyst support along with the Market Estimate sheet (in excel).

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.

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