Market Insight : Motors and Drives Market in Discrete Industries Globally Grow at a CAGR of 11.06% by Revenue During the Forecast Period 2017-2020

Albany, NY, 18 JAN : The rising production costs and demand for high-quality products at low prices have propelled manufacturers across various discrete industries to design automation solutions that boost productivity in plant operations. This has compelled them to implement highly efficient power transmission motor technologies.

Motors and drives are primarily used for moving and controlling an equipment or system in a commercial and industrial set-up. In discrete industries, motors and drives powering mechanical equipment accounted for more than 60% of the total electrical energy consumed in 2015. In an industrial set-up, the power consumed by the motors accounts for 95% of the total expense. Therefore, manufacturing plants need to invest on more efficient motors and drives to sustain in the long run.

Technavios analysts forecast the global motors and drives market in discrete industries to grow at a CAGR of 11.06% during the period 2016-2020.

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Covered :
The report covers the present scenario and the growth prospects of the global motors and drives market in discrete industries for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of motors and drives.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Motors and Drives Market in Discrete Industries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Danfoss
Rockwell Automation
Siemens
WEG

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Key driver
Enforcement of motor efficiency legislation
For a full, detailed list, view our report

Key challenge
Need to comply with regulations
For a full, detailed list, view our report

Key trend
Development of customized motors
For a full, detailed list, view our report

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