Press release
Industrial Motors Market Poised for $2.92 Bn Revenue Across Southeast Asia - Sales to Reach 6.50 Million Units - Arizton
Southeast Asia Industrial Motors Market Research Report by Arizton
Looking for More Information? Click: [https://www.arizton.com/market-reports/southeast-asia-industrial-motors-market]
Report Scope:
Market Size - Revenue (2029): $2.92 Billion
Market Size - Revenue (2023): $2.08 Billion
CAGR - Revenue (2023-2029): 5.86%
Market Size - Shipments (2029): 6.50 Million Units
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product, Power Output, Voltage, Low Voltage AC Motor By Efficiency, Sales Channel, End Users, and Geography
Geographical Analysis: Southeast Asia (Indonesia, Thailand, Singapore, Malaysia, Vietnam, Philippines, and the Rest of Southeast Asia)
The industrial motors market in Southeast Asia is experiencing robust growth. Key countries like Vietnam, Thailand, and Indonesia are seeing strong industrial expansion, particularly in manufacturing and construction sectors. Large infrastructure projects, favorable trade policies, and cost-effective labor are attracting foreign investments, further boosting motor demand. The region's adoption of advanced manufacturing technologies and automation is increasing the need for high-quality industrial motors, especially in automotive, electronics, and assembly lines. Additionally, government policies promoting energy-efficient motors, alongside the rise of Industry 4.0 and electric vehicle production, are fueling demand for intelligent, high-performance motors across various industries.
Market Opportunities & Trends
Adoption of IE3 and IE4 Motors to Enhance Energy Efficiency
IE3 and IE4 motors are designed to account for lower energy consumption than standard motors, resulting in substantial cost savings and a lower environmental footprint. Several Southeast Asian nations are implementing regulations and standards that promote or require the use of high-efficiency motors, emphasizing sustainability and energy conservation. Ongoing advances in motor technology are making IE3 and IE4 motors more affordable and accessible for a broad range of applications.
Rising Demand for EVs
Southeast Asia is witnessing a rise in EV demand, driven by government incentives, environmental concerns, and increased consumer awareness. This surge is fueling the need for industrial motors used in EV manufacturing. Countries such as Thailand, Indonesia, and Vietnam are implementing supportive policies, including subsidies, tax exemptions, and local production requirements, encouraging manufacturers to boost EV production, which is driving the demand for industrial motors.
Growth of Direct to OEM Sales Channel in Southeast Asia Industrial Motors Market
The Southeast Asia industrial motors market is seeing significant growth through the Direct to OEM (Original Equipment Manufacturer) sales channel. In this model, industrial motors are sold directly to manufacturers who incorporate them into their equipment for resale. By eliminating intermediaries, this approach offers more competitive pricing and fosters closer customer relationships.
Demand for Direct to OEM sales is growing as industries in Southeast Asia seek customized, high-performance motors for their production lines and machinery. For instance, automotive manufacturers in Thailand are increasingly sourcing motors directly for their assembly lines, while textile companies in Indonesia are purchasing motors to power weaving and spinning machinery. Similarly, the electronics market in Malaysia is experiencing growth in the demand for OEM motors for specialized manufacturing equipment.
As Southeast Asia's manufacturing sector continues to expand, the Direct to OEM segment is projected to reach USD 1.89 billion by 2029, fueled by the region's ongoing shift towards more efficient and integrated production processes.
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Key Company Profiles
* ABB Ltd
* Siemens AG
* WEG S.A.
* Mitsubishi Electric Corporation
* TECO Electric & Machinery Co., Ltd
* Nidec Corporation
* Regal Rexnord Corporation
* Hyosung Corporation
* Toshiba Corporation
* Fuji Electric Co., Ltd
* Hitachi, Ltd
* Schneider Electric SE
* Emerson Electric Co
* Baldor Electric Company
* Leroy-Somer
* SEW-Eurodrive GmbH & Co. KG
* Oriental Motor Co., Ltd.
* Sumitomo Heavy Industries, Ltd
* Johnson Electric Holdings Limited
* Hoyer Motors
* Brook Crompton Holdings Ltd
* Hong Ky Company Limited
* Winston Engineering
* Dolin M&E Technology Manufacture Co., Ltd
Market Segmentation
Product
* AC Motor
* DC Motor
Power Output
* IHP
* FHP
Voltage
* Low
* Medium
* High
Low Voltage AC Motor by Efficiency
* IE1
* IE2
* IE3
* IE4
Sales Channel
* Direct to OEM
* Direct to End-User
* Distributor to End-User
* Distributor to OEM
* Direct to System Integrator
* Distributor To System Integrator
End Users
* Mining
* Power Generation
* Metal Processing
* Oil & Gas
* HVAC
* F&B
* Paper & Paperboard
* Automotive
* Chemical
* Packaging
* Warehousing
* Machine Tools
* Elevator & Escalator
* Pharmaceutical
* Others
Geography
* Southeast Asia
* Indonesia
* Thailand
* Singapore
* Malaysia
* Vietnam
* Philippines
* The Rest of Southeast Asia
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to understand the Southeast Asia industrial motors market thoroughly. Request for Free Sample to get a glance at the report now: [https://www.arizton.com/market-reports/southeast-asia-industrial-motors-market]
What Key Findings Will Our Research Analysis Reveal?
How big is the Southeast Asia industrial motors market?
What is the growth rate of the Southeast Asia industrial motors market?
Which region dominates the Southeast Asia industrial motors market share?
What are the significant trends in the Southeast Asia industrial motors market?
Who are the key players in the Southeast Asia industrial motors market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=industrial-motors-market-poised-for-292-bn-revenue-across-southeast-asia-sales-to-reach-650-million-units-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/southeast-asia-industrial-motors-market
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