Press release
Industrial Motors Market - Global Outlook & Forecast 2022-2027
Industrial motor sales in the APAC region will see steady growth driven by expenditure on infrastructure and industrial production growth. Many APAC countries, including China and India, are expected to announce remarkable gains in the industrial motor market, with key infrastructure expansion in the industrial sector and building services during the forecast period. The US remains the third-largest industrial motor market in 2021 owing to its strong process manufacturing firms and oil & gas industries. However, APAC and Europe remained the top two regions, which have a higher demand for motors in various sectors.The global industrial motors market includes two major types of motors - AC and DC motors. These motors are further categorized into different types and are used in various applications. The AC motor market is expected to grow at a CAGR of over 9% during the forecast period. Further, to reduce the environmental impact, there is a need to improve the efficiency and precision of motors. With the increased use of elevators, conveyors, compellers, and other industrial machinery, the adoption of IE4 and higher-efficiency motors is expected to flourish in the industrial motors market.
Know more about the market: https://www.arizton.com/market-reports/industrial-motors-market-size-analysis
Key Vendors
ABB
Allied Motion Technologies
CG Power and Industrial Solutions
Eaton
Johnson Electric
Nidec
Regal Beloit Corporation
Siemens
WEG
Other Prominent Vendors
ARC Systems
Ametek
Bonfiglioli
Brook Crompton
Dana Brevini Power Transmission
Fuji Electric
Maxon
Rockwell Automation
Sew- Eurodrive
TECO-Westinghouse
Segmentation by Product
AC Motor
DC Motor
Segmentation by Power Output
Integral Horsepower
Fractional Horsepower
Segmentation by Voltage
Low
Medium
High
Segmentation by Efficiency
IE1
IE2
IE3
IE4
Segmentation by Sales Channel
Direct to End-user
Direct to OEM
Direct to System Integrator
Distributor to End-user
Distributor to OEM
Distributor to System Integrator
Segmentation by End-User
HVAC
F&B
Power Generation
Mining
Automotive
Machine Tools
Elevators and Escalators
Warehousing
Paper & Paperboard
Oil & Gas
Metal Processing
Pharmaceutical
Chemical
Packaging
Others
Segmentation by Geography
APAC
China
South Korea
Japan
India
Australia
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Latin America
Brazil
Mexico
Chile
Argentina
Middle East & Africa
Saudi Arabia
Turkey
Rest of the Middle East & Africa
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We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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