Industrial Motors market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 49250 million in 2020. Over the next five years the Industrial Motors market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 56120 million by 2026. Motor is a device that transfer power between electric power and mechanical power. Just as the name implies, industrial motors are motors used in the various industries.
As an important device in various industries, the development of industrial motors have a close relationship with the development of manufacturing industries.
The global average price of Industrial Motors is in the decreasing trend, from 41.1 USD/KW in 2012 to 38.8 USD/KW in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
North America and Europe account for 20.15% and 21.76% market share in 2016 respectively. As developed region, the growth rate of industrial motors are as low as less than 3%. On the other hand, the development speed of industrial motor in China and other Asian countries is relatively high. Besides, China is also the largest consumption market with market share of 29.59%.
Market Concentration Rate is relative low though the top 10 manufacturers occupies nearly 41% market share in 2016. There are still thousands of manufacturers participated in this market.
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.
Top Key players in the Industrial Motors Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Industrial Motors Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes 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.
Global Industrial Motors Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
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
The end user’s industry application on Industrial Motors Market is,
Oil & Gas
Mining & Metal
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.
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. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Industrial Motors Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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.
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.
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.
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.
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.