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Industrial Motors Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: ABB, Siemens, Mitsubishi, GE

08 Jan, 2020 | 117 Pages
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The Industrial Motors market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 56120 million by 2027.



Industrial Motors Market Overview



Motor is a device that transfer power between electric power and mechanical power. AC motors are more reliable and require less maintenance, and their service life is frequently limited only by the bearing life. They don't have any wearable parts because they don't need commutators, brushes, or slip rings. This makes them excellent for applications where the motor must be available to work at all times, is difficult to reach, or will run unattended for lengthy periods of time. Just as the name implies, industrial motors are motors used in various industries. The increased emphasis on Industry 4.0 is driving the demand for industrial motors. In various locations, industrial automation propels the manufacturing industry toward more efficient productivity, which is predicted to rise rapidly during the projection period. According to the Industrial Energy Accelerator, the millions of electrical motors placed around the world utilise almost 70% of all electrical energy consumed by industry. Motors are essential in practically every sector, as they drive both fundamental industrial processes and auxiliary systems such as compressed air generation, ventilation, and water pumping.



The report also assesses the key opportunities in the Industrial Motors market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Industrial Motors Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.



Industry News and Updates



June 30, 2020 - ABB introduces AXW 315 and 400 IEC water-cooled motors-- 

ABB’s AXW 315 and 400 IEC water-cooled motors are designed for compact installations where space is limited. AXW motors are suitable for a range of industries, including mining, cement, water, power and pulp and paper.



02/09/2022: WEG to build a new electric motor factory in Portugal-- 

WEG has just announced the construction of a new electric motor factory in Santo Tirso, Portugal. The company intends to invest 23.5 million euros to build 22,680 m² of manufacturing facilities on the same area where WEG already has a 16,300 m² low voltage industrial motor factory.



What are the major Applications, Types, and Regions of Industrial Motors Market?



Industrial Motors Market is segmented based on the type, applications, companies, and regions.



By Type, Industrial Motors Market has been segmented into 




  • High Voltage Motor

  • Low Voltage Motor

  • Others



By Application, Industrial Motors Market has been segmented into 




  • Oil & Gas

  • Power Generation

  • Mining & Metal

  • Industrial Machinery

  • Others



Industrial Motors Market Regional Analysis



The report offers in-depth assessment of the growth and other aspects of the Industrial Motors Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.



Manufacturing is one of Chinese financial cornerstones, and it is undergoing fast transition. This massive shift has propelled the country to the top of the market. Over the last two decades, the country's capabilities have progressed from low-cost commodities to more advanced ones.

Smart manufacturing activities are also likely to increase the usage of industrial motors in the country. The country has started many smart manufacturing pilot projects, according to the Ministry of Industry and Information Technology. The country also plans to develop its intelligent manufacturing system and complete key industry transformation by 2025, according to the 13th Smart Manufacturing five-year plan. Automobile manufacturers have been expanding their manufacturing facilities in China, which is projected to boost demand for industrial motors throughout the forecast period. Mercedes-Benz, for example, said in January 2020 that it will collaborate with China's Zhejiang Geely Holding Group to develop smart electric vehicles. The plant had the capacity to produce 150,000 automobiles per year. The two carmakers may invest CNY 5.4 billion (USD 780.3 million) in Ningbo's worldwide headquarters and distribution sites in China and Germany.



Industrial Motors Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Industrial Motors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Industrial Motors Market report scope?























































Reports Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 3.3% during the review period (2022 to 2027).



By Type




  • High Voltage Motor

  • Low Voltage Motor

  • Other



By Application




  • Industrial

  • Head and Neck Cancer Adjuvant Therapy

  • Others



By Companies



ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation



Regions Covered



• North America



• Europe



• Asia-Pacific



• Rest of the World



Countries Covered



• US



• Canada



• Germany



• France



• UK



• Italy



• Spain



• Rest of Europe



• China



• Japan



• India



• Australia



• South Korea



• Rest of Asia-Pacific



• Middle East & Africa



• Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



117



Customization Available



Yes, the report can be customized as per your needs




Key Takeaways from this Industrial Motors Report




  • Evaluate Industrial Motors market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Industrial Motors market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.



Frequently Asked Questions



What is the study period of this market?



The Industrial Motors Market is studied from 2017 - 2027.



Who are the key players in Industrial Motors Market?



ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI FORVORDA, Ametek, Allied Motion, JEUMONT and others.



What are the significant types of Industrial Motors Market?



High Voltage Motor, Low Voltage Motor, Other.



What are the major end-use applications of the Industrial Motors Market?



Oil & Gas, Power Generation, Mining & Metal, Industrial Machinery, Others.



What segments are covered in the Industrial Motors Market report?



The Global Industrial Motors Market is Segmented on the basics of Product, Application, and Geography.



How can I get a sample report/company profile for the Industrial Motors Market?



The sample report for the Industrial Motors Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL INDUSTRIAL MOTORS MARKET BY TYPES

    3. INDUSTRIAL MOTORS MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR INDUSTRIAL MOTORS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. INDUSTRIAL MOTORS GROWTH

      2. APPLICATION OF INDUSTRIAL MOTORS



    4. IMPACT OF COVID 19



  5. GLOBAL INDUSTRIAL MOTORS MARKET, TYPES

    1. Introduction

    2. High Voltage Motor

    3. Low Voltage Motor

    4. Other



  6. GLOBAL INDUSTRIAL MOTORS MARKET, BY APPLICATION

    1. Introduction

    2. Oil & Gas

    3. Power Generation

    4. Mining & Metal

    5. Industrial Machinery

    6. Others



  7. GLOBAL INDUSTRIAL MOTORS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. ABB

      2. Siemens

      3. Mitsubishi

      4. GE

      5. HITACHI

      6. Nidec

      7. Toshiba

      8. Regal Beloit

      9. WEG

      10. Teco

      11. Emerson

      12. MEIDENSHA

      13. Wolong Electric

      14. Rockwell Automation

      15. Franklin Electric

      16. Zhongda Motor

      17. XIZI FORVORDA

      18. Ametek

      19. Allied Motion

      20. JEUMONT





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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