Industrial Motor Brakes Market Growth Fueled by Infrastructure Investment

According to research, the Industrial Motor Brakes Market is expected to achieve a valuation of US$ 1.34 billion in the year 2022. This market is further anticipated to sustain a steady Compound Annual Growth Rate (CAGR) of 4.5% spanning the period from 2022 to 2032.

Fact.MR has reported that governments worldwide are extensively investing in infrastructure improvements for both residential and commercial sectors. As a result, the global Industrial Motor Brakes Market is forecasted to attain a value of US$ 2.08 billion by the year 2032.

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The rise in construction projects has resulted in greater demand for backhoes, excavators, bulldozers, graders, trenchers, and several other components of construction machinery. This is where industrial motor brakes come into picture, as heavy loads could be managed effectively through them.

Excavators, backhoes, graders, bulldozers, trenchers, and many other pieces of construction machinery are in higher demand as a result of the increase in construction projects. To manage heavier loads, this equipment needs to work differently.

The use of brakes enables construction equipment to carry heavier loads. In addition, the market for industrial motor brakes is driven by rising equipment demand and production.

What's Influencing Industrial Motor Brakes Market Growth?

"Easy Stopping Process & Effective in Reducing Production Time Driving Sales of Industrial Motor Brakes"

Because natural braking would take a long time, industrial motor brakes are essential instruments in the manufacturing and process industries. The market for industrial motor brakes has ultimately been driven by the growth in production rates and the necessity to complete tasks by the deadline.

In addition, the market for industrial motor brakes is experiencing increased demand due to the growth of new and emerging sectors. A majority of firms all around the world are choosing motor brakes since they have advantages over traditional systems.

It has been noted that this is a fresh, emerging trend in the market, favouring the same.
There is some room for aftermarket services with heavy use. As a result, the manufacturers of industrial motor brakes will have greater opportunities.

Key Segments Covered in the Industrial Motor Brakes Industry Survey
By Type :
• DC Brakes
• AC Brakes
• Torque
By Braking Mode :
• Holding
• Overhauling Braking
• Load-assisted Braking
• Soft-stop Braking
By Application :
• Regenerative Braking
• Dynamic Braking
• Plugging
By End Use :
• Metals & Mining
• Construction
• Manufacturing
• Processing
By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

Competitive Landscape

To increase the output of automated guided vehicles (AGV) and electric cars, manufacturers are focusing heavily on reducing machine stop time, which has led them to turn to industrial motor brakes.

Industrial motor brakes also enable pulley tension maintenance, the activation of dynamic brakes, and precise movement and stop, all of which preserve worker safety.

Strong industrial motor brakes are in higher demand due to the growing need to stop motors instantly to prevent worker or product harm.

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Key players in Industrial Motor Brakes Market
•
• Warner Electric, Inc.
• Brook Crompton UK Ltd.
• Eaton
• Sterling Controls
• Ogura Industrial Corp.
• Altra Industrial Motion.
• EMTorq
• Force Control Industries
• Tolomatic
• Toshiba International Corporation
• Havells

Key Takeaways from Industrial Motor Brakes Market Study

• North America holds 21.6% of the market share.
• Europe contributes for 24.5% of the entire market due to speedy industrialization.
• Easy Stopping process to be the major reason for resorting to industrial motor brakes

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This release was published on openPR.