Industrial Motors Market is Likely to Increase At a Significantly High CAGR During Forecast Period 2031 | ATB Austria Antriebstechnik AG, ABB Ltd

Market Overview:

Industrial motors are electromechanical devices that convert electrical energy into mechanical energy to power a wide range of industrial equipment and machinery. These include AC and DC motors used in applications across various industries like mining, oil & gas, construction, chemicals, food processing, and others.

Market Dynamics:

Rise in manufacturing sector and increasing investments towards industrial automation are expected to drive the growth of global industrial motors market during the forecast period. According to World Bank, the share of global manufacturing value added in world GDP increased from 15.5% in 2013 to 16.5% in 2020. Moreover, growing adoption of industrial Internet of Things (IIoT) and implementation of industry 4.0 is augmenting the demand for industrial motors that support smart machines and robots. However, high initial investment and maintenance costs associated with industrial motors may hamper the market growth.

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Top Companies Covered In This Report:

Menzel Elektromotoren GmbH, General Electric Company, ATB Austria Antriebstechnik AG, ABB Ltd., Fuji Electric Co. Ltd., Allen-Bradly Co. LLC (Rockwell Automation Inc.), Franklin Electric Co. Inc., Siemens AG, Maxon Motor AG, Amtek Inc., Nidec Corporation, Arc Systems Inc., Toshiba International Corporation, Johnson Electric Holdings Limited, and Emerson Electric Co.

Detailed Segmentation:

Key Region/Countries are Classified as Follows:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA).

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Major Market Drivers for the Industrial Motors Market

The Growing Demand for Energy-efficient Electric Motors is Driving Market Growth

As concerns over energy usage and carbon emissions rise globally, industrial operators are increasingly adopting high-efficiency electric motors that reduce operating costs and environmental impact. Strict government regulations pertaining to minimum efficiency performance standards (MEPS) are also driving companies to replace aging motors with more efficient models. The cost savings from lower electricity consumption outweigh the higher initial price of premium motors over time, making them an attractive investment for factories and plants.

Increasing Industrial Automation is another Key Market Driver

The industrial automation trend is going strong with the rise of Industry 4.0. Automated machinery, robotics, and other computer-controlled systems rely heavily on industrial motors for powering diverse mechanical functions. As industries mechanise and digitise production lines and processes, the demand for various types of explosion-proof, low-voltage motors is growing. Industrial automation allows higher productivity and quality control at mass scale, driving demand from manufacturing sectors like automotive, electronics, food and beverage.

Major Market Opportunity for the Industrial Motors Market

Growing Adoption of Digital Technology presents Big Opportunity

The integration of digital technologies opens up new opportunity areas for industrial motor vendors. Technologies like cloud computing, IoT, data analytics, and edge intelligence allow advanced monitoring of motor performance and predictive maintenance capabilities. Digital solutions enhance motor efficiency, reduce downtime risks from failures, and enable remote fleet management. They also support customisation and new service offerings like 'motor-as-a-service'. The demand for 'smart' motors integrated with digital controls from industries is on the rise, representing a multi-billion dollar revenue opportunity over the coming years.

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The report answers a number of crucial questions, including:

Which companies dominate the global Industrial Motors market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the Industrial Motors market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters

1.2 Methodology and forecast parameters

1.3 Information Sources



Chapter 2: Latest Trends Summary

2.1 Regional trends

2.2 Product trends

2.3 End-use trends

2.4 Business trends



Chapter 3: Industrial Motors Industry Insights

3.1 Industry fragmentation

3.2 Industry landscape

3.3 Vendor matrix

3.4 Technological and Innovative Landscape



Chapter 4: Industrial Motors Market, By Region



Chapter 5: Company Profiles



5.1 Company Overview

5.2 Financial elements

5.3 Product Landscape

5.4 SWOT Analysis

5.5 Systematic Outlook



Chapter 6: Assumptions and Acronyms



Chapter 7: Research Methodology



Chapter 8: Contact (Continue . . .)

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