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Motor Protection Market

Motor Protection Market

Motor Protection Market Global Industry Assessment & Forecast

# Pages:

155

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0258

Segments Covered
  • By Type Overload Relays, Vacuum Contactors, Combination Starters & Motor Protection Circuit Breaker
  • By Application Oil & Gas, Water & Wastewater, Infrastructure (Residential & Commercial), Metals & Mining, Food & Beverages, Other Industries
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 4812.7 Million
Revenue 2028Revenue 2028: 7,274.71 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 5.3
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia-Pacific
Customization Offered
  • 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

Key Insights

The global Motor Protection market was valued at USD 4812.7 Million in 2020 and is projected to reach USD 7,274.71 Million by 2028, growing at a CAGR of 5.3% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 7,274.71 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 5.3%

Definition And Overview

Motor protection is utilized to prevent damage to the electrical motor, such as internal faults in the motor. Also, external conditions during connecting to the power grid or while it is use to be detected and abnormal conditions must be prevented. moreover, the protection relay prevents the disturbance to spread back into the grid.


The global Motor Protection market is segmented based on by Type, Application, Regions, and Countries. This report provides an analysis of the global Motor Protection 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 covers exhaustive analysis on the global Motor Protection industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 4812.7 Million 7,274.71 Million

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. 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.

Industry Analysis

The increasing significance of electric motors in today’s world and growing concern towards its protection is anticipated to augment the growth of the motor protection market over the forecast period.

The robust growth in HVAC systems across the globe is also expected to propel the growth of the motor protection market in the years to come.

The high manufacturing costs and difficult asssembly is expected to hinder the growth of the motor protection market in the years to come.

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
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 Fuji Electric, Toshiba International Corporation, Danfoss, Siemens, Chint Electrics, Eaton Corporation, Schneider Electric, Mitsubishi Electric Corporation, General Electric Company, Larsen & Toubro, ABB Group.
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-Pacific, company market share analysis, and COVID-19 impact analysis

Product Analysis Preview

Type Analysis: Preview

On the basis of Type, the market is segmented into Overload Relays, Vacuum Contactors, Combination Starters & Motor Protection Circuit Breaker. Oxygen Respiratory Air held the highest share in the global Motor Protection market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Application Analysis: Preview

Based on Application, the market is segmented into Oil & Gas, Water & Wastewater, Infrastructure (Residential & Commercial), Metals & Mining, Food & Beverages, Other Industries. Healthcare accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Motor Protection Market: Type Segment Analysis

    • Overload Relays
    • Vacuum Contactors
    • Combination Starters & Motor Protection Circuit Breaker

Global Motor Protection Market: Application Segment Analysis

    • Oil & Gas
    • Water & Wastewater
    • Infrastructure (Residential & Commercial)
    • Metals & Mining
    • Food & Beverages
    • Other Industries

Regional Analysis Preview

Based on region, the global Motor Protection market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Motor Protection market is anticipated to rise over the forecast timespan.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Motor Protection Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Motor Protection market are Fuji Electric, Toshiba International Corporation, Danfoss, Siemens, Chint Electrics, Eaton Corporation, Schneider Electric, Mitsubishi Electric Corporation, General Electric Company, Larsen & Toubro, ABB Group.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Global Motor Protection Market: Key Highlights

  • The global Motor Protection market was valued at USD 4812.7 Million in 2020
  • The global Motor Protection Market is projected to reach USD 7,274.71 Million by 2028
  • Asia-Pacific held the highest share of the Motor Protection market in 2020
  • Some of the major companies operating in the Motor Protection market are Fuji Electric, Toshiba International Corporation, Danfoss, Siemens, Chint Electrics, Eaton Corporation, Schneider Electric, Mitsubishi Electric Corporation, General Electric Company, Larsen & Toubro, ABB Group.

FAQ
Frequently Asked Question
  • The global Motor Protection valued at 4812.7 Million in 2020 and is expected to reach 7,274.71 Million in 2028 growing at a CAGR of 5.3%.

  • The prominent players in the market are Fuji Electric, Toshiba International Corporation, Danfoss, Siemens, Chint Electrics, Eaton Corporation, Schneider Electric, Mitsubishi Electric Corporation, General Electric Company, Larsen & Toubro, ABB Group..

  • The market is project to grow at a CAGR of 5.3% between 2021 and 2028.

  • The driving factors of the Motor Protection include

    • The increasing significance of electric motors in today’s world and growing concern towards its protection is anticipated to augment the growth of the motor protection market over the forecast period.
    • The robust growth in HVAC systems across the globe is also expected to propel the growth of the motor protection market in the years to come.

  • Asia-Pacific was the leading regional segment of the Motor Protection in 2020.