Industrial Motor Market
Industrial Motor Market Global Industry Assessment & Forecast
#
Pages:
160
2021
Nov - 2021
VMR-2021-0334
Segments Covered
By
Type AC Motors, DC Motors
-
By
Application Oil and Gas
Mining
Food and Beverage
Construction, Manufacturing, Pulp and Paper, Water and Wastewater, Others
Snapshot
 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 |
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
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.
Based
on Application, the market is divided into Oil and Gas
Mining
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
- Manufacturing
- Pulp and Paper
- Water and Wastewater
- Others
FAQ
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.
