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
Research Methodology: Industrial Motor Market - Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Industrial Motor market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Industrial Motor market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Industrial Motor market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
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.
