SAFETY DRIVES AND MOTORS MARKET RISING TRENDS AND TECHNOLOGY ADVANCEMENTS 2020-2026

Final Report will add the analysis of the impact of COVID-19 on this industry.

MarketIntelligenceData has recently added the report titled Safety Drives and Motors Market to get a powerful and effective business outlook. It provides deep analysis of different elements of industries such as trends, policies, and clients operating in several regions. The key objective of this report is to present significant & clear understandings with reference to the global market that eventually helps transform various businesses.

Furthermore, the Safety Drives and Motors Market report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market also the SWOT analysis that concludes the strengths, weaknesses, opportunities and threats impacting the segment of the overall market.

The global Safety Drives and Motors market is projected to register a CAGR of 6.63% during the period of the forecast Period.

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Top Companies operating in the Global Safety Drives and Motors market profiled in the report: Rockwell Automation Inc., SIGMATEK Safety Systems, ABB Ltd, Beckhoff Automation GmbH, KOLLMORGEN Corporation, Siemens AG, KEBA Corporation, Hoerbiger Holding AG, Pilz International, WEG SA
Scope of the Report

Oil and Gas, Petrochemicals and Chemicals, and Energy utility industries are the major sources of the demand for safety drives and motors in the current market scenario. Additionally, there is a considerable demand from manufacturing, mining and construction sectors owing to the rapid adoption of Industry 4.0 policies.

Key Market Trends

Oil & Gas to Occupy the Maximum Market Share

- Electric drives and motors play a major role in the oil & gas production and distribution, pumping systems for oil and compression drive trains for gas infrastructure.
- According to GE, unplanned outages from moto failure can cause a refinery revenue loss of USD 1.1 million for every half hour offline.
- With this, VFDs (Variable Frequency Drives) are increasingly being used in the oil & gas industry to control the flow, by adjusting speed that avoids energy wastage in the throttling valves.
- France-based Leroy Somer is a pioneer in drive system for oil & gas supply chain. Some of their products are Dyneo�Permanent Magnet Synchronous Motors, ATEX Dust and Gas Safety Motors, Powerdrive MD2 AC Drives which are known for offering reliability, robustness, efficiency and flexibility.
- GE is providing a complete solution to drive the main refrigerant compressors using electrical motors (synchronous or induction) powered by high-power drives based on thyristor technology (for LCI) or IGBT technology. This would assist LNG supply chain in processing, transport and distribution network.
- There are many active and planned project work in the oil and gas sector across the Middle East, which is the largest producer of oil & gas.
Competitive Landscape

The market is concentrated with some major players occupying maximum market share which are in demand by Oil and Gas, Petrochemicals and Chemicals, and Energy utility industries.
- June 2019 - The Linz-based KEBA Group acquired LTI Motion Group, a pioneer of drive solutions from Germany. It serves customers in mechanical engineering sectors. The acquisition makes KEBA a total solution provider in the area of industrial automation.
- October 2018 - Rockwell Automation launched the Integrated Safety Functions Option Module which offers several safety functions based on IEC 61800-5-2 standards for Allen-Bradley PowerFlex 755 and 755T AC drives. It includes the ability to monitor speed, direction and position on an EtherNet/IP network.
- September 2019 - Beckhoff Automation expanded its footprint in the Northeast region with new offices in Greater Boston and Philadelphia. It now offers educational opportunities for Beckhoff customers who want to increase their expertise in PC-based control, advanced motion control, mechatronics and EtherCAT industrial Ethernet technology.

Global Safety Drives and Motors Market Split by Product Type and Applications:
Market Segment by Type, covers:
Drives
AC
DC

Market Segment by Applications, covers:
Energy and Power
Manufacturing
Mining
Oil and Gas
Chemical and Petrochemical
Construction

Regional Analysis For Safety Drives and Motors Market:
The research mainly covers Safety Drives and Motors Market in North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia–Pacific (Southeast Asia, China, Korea, India and Japan), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

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Influence of the Safety Drives and Motors Market Report:
-Comprehensive assessment of all opportunities and risk in the Safety Drives and Motors market.
-Safety Drives and Motors market recent innovations and major events.
-Detailed study of business strategies for growth of the Safety Drives and Motors market-leading players.
-Conclusive study about the growth plot of Safety Drives and Motors market for forthcoming years.
-In-depth understanding of Safety Drives and Motors market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Safety Drives and Motors market.

Research Methodology:
Safety Drives and Motors Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Safety Drives and Motors Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Intelligence Data
Phone: + 1704 266 3234 | +91-20-412 512 12
sales@marketintelligencedata.com

MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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