Press release
Industrial Motors Market 2022 Competitive Insights and Global Developments- General Electric Company, ABB Ltd, Arc Systems Inc., Johnson Electric, Emerson Electric Co, Toshiba International Corporation
Industrial Motors Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Industrial Motors Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Industrial Motors Market all told its geographical and merchandise segments.The global industrial motors market was valued at USD 47.12 billion in 2020 and expected to reach USD 66.69 billion by 2027 and grow at a CAGR of 6.11% over the forecast period (2022 - 2027).
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https://www.marketinsightsreports.com/reports/02285840434/industrial-motors-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?Mode=Iris
The Global Industrial Motors Market is highly competitive and consists of a number of Major Key Players are: General Electric Company, ABB Ltd, Allen - Bradly Co. LLC (Rockwell Automation Inc.), Siemens AG, Amtek Inc., Arc Systems Inc., Johnson Electric, Emerson Electric Co., Toshiba International Corporation, Nidec Motor Corporation, Maxon Motor AG, Franklin Electric Co. Inc., Fuji Electric Co. Ltd, ATB Austria Antriebstechnik AG, Menzel Elektromotoren GmbH others.
Industry News:
- Wolong Electric Group Co. Ltd, China's largest electric motor producer, closed a deal to acquire General Electric Company's Small Industrial Motor (SIM) division for USD 160 million in an all-cash transaction in July of 2017.
- ABB launched its Food Safe Stainless Steel Motors designing for food safety. The product line spans single and three phase ratings in foot-mounted and footless configurations, providing ultimate flexibility for OEMs and end users to choose the right product for their equipment and applications December 2017.
- Rockwell Automaton added five new members to its machine safety system integrator program. Created in 2014, the program helped industrial companies identify system integrators with current safety standards expertise and a proven track record in designing safety systems in August 2018.
Key Market Trends:
High Voltage has Significant Share in the market
High voltage (HV) motors are the rational choice for a multitude of industries, such as oil and gas, petrochemical, water and wastewater, pulp and paper, electric utility, steel, marine, mining, and air separation. According to IEC 600038 standard, an electrical motor with the operating voltage over 35 kV is considered as an HV motor.
High voltage motors are in general considered as custom engineered products. They form the part of a custom engineered family of industrial electric motors because each motor is engineered individually and is made-to-order to client specific requirements. These motors do not fall under the segment of common commodity business rules, such as business-to-customer (B2C) products.
India has the Largest Share In the Market
The Indian manufacturing sector is one of the highest growth sectors, registering a 7.9% year-on-year growth. The Make in India initiative plans to make India equally attractive for domestic and foreign players and give global recognition to the Indian economy. By the end of 2020, it is expected that the Indian manufacturing sector will touch USD 1 trillion.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02285840434/industrial-motors-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=Iris
The key insights of the Industrial Motors Market report:
The report provides key statistics on the market status of the Industrial Motors Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Industrial Motors Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Industrial Motors Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Industrial Motors Market Industry before evaluating its feasibility.
Finally, Industrial Motors Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports 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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