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Industrial Motors Market 2019 Cost Analysis, Revenue and Gross Margin Analysis with Its Important Types and Application 2024

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Industrial Motors

The report provides an overview of the “Industrial Motors Market industry including definitions, division, key vendors, key Development and market challenges. The Industrial Motors Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status

Through the statistical analysis, the report depicts the global Industrial Motors Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.

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The global industrial motors market is expected to register a CAGR of 6.11%, during the forecast period of 2019-2024, and reach a market value of USD 60.55 billion by 2024. With recent technological advancements and implementation of government policies like Minimum Energy Performance Standards (MEPS) in several countries gave rise to energy efficient motor systems, which increased the market share of the industrial motors.

In the modern era, substantial advances in technology have opened up opportunities to develop and manufacture electric motors for a wide range of applications in industries, such as automotive, agriculture, construction, and other industrial sectors.

A variety of barriers are hampering the adoption of energy efficient motors. The most significant costs for most of the motors are the energy costs, followed by maintenance, then the initial purchase costs.

The growth of industrial automation is expected to be split evenly among all the segments, which are supported by the discrete manufacturing growth and the growth of North American in the oil and gas sector. Hence, the growth of industrial automation leads to an increase in demand for the industrial motors market.

The Scope of the Report

An electric motor is an electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor’s magnetic field and winding currents to generate force in the form of rotation.

The Industrial Motors Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Industrial Motors Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

  • General Electric Company
  • ABB Ltd
  • Allen – Bradly Co. LLC (Rockwell Automation Inc.)
  • Siemens AG
  • Amtek Inc.
  • Arc Systems Inc.
  • Johnson Electric

    Key Market Trends

    High Voltage has Significant Share in the market

    High voltage (HV) motors are the rational choice for a multitude of industries, such as oil and gas, petrochemical, water, and wastewater, pulp and paper, electric utility, steel, marine, mining, and air separation. According to IEC 600038 standard, an electrical motor with the operating voltage over 35 kV is considered as HV motor.

    High voltage motors are in general considered as custom engineered products and it forms the part of a custom engineered family of industrial electric motors because each motor is engineered individually and is made-to-order to client specific requirements. These motors do not fall under the segment of common commodity business rules, such as Business-to-Customer (B2C) products.

    These needs drive the end user industry to maintain a reserve motor and creates an opportunity for the vendors who have better and proven supply chain track record. Vendors with a presence in the different business segments, such as electric equipment, cables, control systems, VFDs, etc. are expected to be benefitted in the market. This is because they can offer one point solution and is more accessible for the end users to track.

    The benefits associated with the high voltage supply include the direct supply form substations and efficiency improvements of a more extensive system than multiple small systems in heavy industry setup. This makes the market segment an essential segment of the market for the vendors.

    India has the Largest Share In the Market

    The Indian manufacturing sector is one of the highest growth sectors, registering a growth of 7.9% year-on-year growth. The Make in India initiative plans to make India equally attractive for domestic and foreign players and give global recognition to the Indian economy. By the end of 2020, it is expected that the Indian manufacturing sector touches USD 1 trillion.

    The country is planning to reach 175 GW of installed renewable capacity, which includes solar and wind power, by 2022. The country is also planning to derive 40% of the energy from renewable sources by 2030, which is at 15%, at present. Also, the World Bank has estimated India’s energy efficiency market at INR 1.6 lakh crore. Hence, the demand for an industrial motor is expected to grow further.

    For instance, in 2017, General Electric generated USD 4 billion of the company’s total revenue in India, and it all started with a hydropower plant at the Shivanasamudra Falls. Also, Siemens India Ltd posted a 16% revenue growth, for the first quarter of 2017, and continuing operation posted a 60% increase in net profit, to USD 36.923 million before taxes. Hence, the demand for an industrial motor is expected to grow further.

    ABB Ltd is also investing hugely in the Indian industrial sector. In 2016, ABB received several large HVDC orders from India. In October 2018, the company won an order of about INR 115 crore from Indian Railways (Diesel Locomotive Works, Varanasi) to supply traction transformers and motors.

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    Reasons to Purchase this Report

    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    • Study on product type and application expected to dominate the market.
    • Study on regions expected to witness fastest growth during the forecast period.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

    Detailed Table of Content of Global Industrial Motors Market – Growth, Trends, Forecast and Challenges (2019 – 2024)

    1. Introduction

    1.1 Study Deliverables

    1.2 General Study Assumptions

    2. Research Methodology

    2.1 Introduction

    2.2 Analysis Methodology

    2.3 Study Phases

    2.4 Econometric Modelling

    3. Executive Summary

    4. Market Overview and Trends of Industrial Motors Market

    4.1 Introduction

    4.2 Market Trends

    4.3 Porter’s Five Force Framework

    4.3.1 Bargaining Power of Suppliers

    4.3.2 Bargaining Power of Consumers

    4.3.3 Threat of New Entrants

    4.3.4 Threat of Substitute Products and Services

    4.3.5 Competitive Rivalry within the Industry

    5. Market Dynamics of Industrial Motors Market

    5.1 Drivers

    5.1.1 Increasing Production

    5.1.2 Rising Demand

    5.2 Restraints

    5.3 Opportunities

    6. Global Industrial Motors Market Segmentation, By Capacity

    7. Global Industrial Motors Market Segmentation, By Material Type

    7.1 Type 1

    7.2 Type 2

    7.3 Type 3

    8. Global Industrial Motors Market Segmentation, Segmented by Region

    8.1 North America

    8.1.1 United States

    8.1.2 Canada

    8.1.3 Rest of North America

    8.2 Asia-Pacific

    8.2.1 China

    8.2.2 Japan

    8.2.3 India

    8.2.4 Rest of Asia-Pacific

    8.3 Europe

    8.3.1 United Kingdom

    8.3.2 Germany

    8.3.3 France

    8.3.4 Russia

    8.3.5 Rest of Europe

    8.4 Rest of the World

    8.4.1 Brazil

    8.4.2 South Africa

    8.4.3 Others

    9. Competitive Landscape and Introduction of Industrial Motors Market

    9.1 Introduction

    9.2 Market Share Analysis

    9.3 Developments of Key Players

    10. Key Vendor Analysis (Overview, Products & Services, Strategies)

    10.1 Company 1

    10.2 Company 2

    10.3 Company 3

    11. Disclaimer

    And Many More….

    No. of Pages: – 100

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