Industrial Motor Market
Industrial Motor Market Global Industry Assessment & Forecast
- By Type AC Motors, DC Motors
- By Application Oil and Gas Mining Food and Beverage Construction, Manufacturing, Pulp and Paper, Water and Wastewater, Others
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||6581 Million|
|Revenue 2028:||8937.7 Million|
|Revenue CAGR (2021 - 2028):||3.9|
|Fastest Growing Region (2022 - 2028)||Asia Pacfic|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Industrial Motor market was valued at USD 6581 Million in 2020 and is projected to reach USD 8937.7 Million by 2028, growing at a CAGR of 3.9% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2028|
|Annual Market Size (2028)||8937.7 Million|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||3.9%|
Overview and Description
Converting electricity into mechanical energy is the job of the industrial electric motor. Motors create either a linear or rotary force. While electric motors can be powered by direct current (DC) sources like batteries, they are more often powered by alternating current (AC) sources like generators or the power grid.
This report provides an analysis of the Industrial Motor market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers a thorough insights on various tools such as SWOT analysis, PEST analysis, value chain analysis, Porter’s five forces analysis, pricing analysis, and technology roadmap among others. These assessments aid the industry stakeholders to analyze the Industrial Motor market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
COVID-19 Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. The Industrial Motor market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
The report covers exhaustive analysis on the global Industrial Motor industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Boost in demand for polyamide for automotive and industrial applications as PA blends are being utilized widely in the covering of automotive parts. These help contribute strength to the exterior of vehicles. This is driving factor for Industrial Motor Market.
Polymer modifiers provide a wide range of features, including weather resistance, durability, and strength. Certain characteristics are demanded to increase its market among customers. This is another driving factor for Industrial Motor Market.
The increase in prices of raw materials effecting the cost of production is hindering Industrial Motor Market.
Global Industrial Motor Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Type, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Arc Systems Inc., ABB Ltd, Fuji Electric Co. Ltd., Nidec Motor Corporation, Emerson Electric Co., Maxon Motor AG, Baldor Electric Company, Siemens AG, Johnson Electric, ATB Austria Antriebstechnik AG, Franklin Electric, AMETEK Inc., Toshiba International Corporation, General Electric Company, MENZEL Elektromotoren GmbH, Rockwell Automation Inc.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacfic, company market share analysis, and COVID-19 impact analysis|
The report delivers an acute breakdown of the market based on various segments such as Type, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into AC Motors, DC Motors. AC Motor held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
on Application, the market is divided into Oil and Gas
Food and Beverage
Construction, Manufacturing, Pulp and Paper, Water and Wastewater, Others. Construction
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Industrial Motor Market: Type Segment Analysis
- AC Motors
- DC Motors
Global Industrial Motor Market: Application Segment Analysis
- Oil and Gas Mining Food and Beverage Construction
- Pulp and Paper
- Water and Wastewater
Regional Analysis: Preview
Based on the geography, the global Industrial Motor market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The regional analysis section also provides qualitative analysis comprising of regional trends such as drivers, restraints, opportunities and regulatory norms. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.
Market Size, 2021 (USD Billion)
Global Industrial Motor Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
The global Industrial Motor market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Industrial Motor market are Arc Systems Inc., ABB Ltd, Fuji Electric Co. Ltd., Nidec Motor Corporation, Emerson Electric Co., Maxon Motor AG, Baldor Electric Company, Siemens AG, Johnson Electric, ATB Austria Antriebstechnik AG, Franklin Electric, AMETEK Inc., Toshiba International Corporation, General Electric Company, MENZEL Elektromotoren GmbH, Rockwell Automation Inc.. This section of the report comprising of a thorough profiling of companies based on various parameters such as company/business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.
Frequently Asked Question
What is the global demand for Industrial Motor in terms of revenue?
The global Industrial Motor valued at 6581 Million in 2020 and is expected to reach 8937.7 Million in 2028 growing at a CAGR of 3.9%.
Which are the prominent players in the market?
The prominent players in the market are Arc Systems Inc., ABB Ltd, Fuji Electric Co. Ltd., Nidec Motor Corporation, Emerson Electric Co., Maxon Motor AG, Baldor Electric Company, Siemens AG, Johnson Electric, ATB Austria Antriebstechnik AG, Franklin Electric, AMETEK Inc., Toshiba International Corporation, General Electric Company, MENZEL Elektromotoren GmbH, Rockwell Automation Inc..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 3.9% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the Industrial Motor include
- Boost in demand for polyamide for automotive and industrial applications as PA blends are being utilized widely in the covering of automotive parts. These help contribute strength to the exterior of vehicles. This is driving factor for Industrial Motor Market.
- Polymer modifiers provide a wide range of features, including weather resistance, durability, and strength. Certain characteristics are demanded to increase its market among customers. This is another driving factor for Industrial Motor Market.
Which region accounted for the largest share in the market?
Asia Pacfic was the leading regional segment of the Industrial Motor in 2020.