Press release
Electric Motors For Conveyor System Market Analysis, Segments, Growth and Value Chain 2017-2027
Electric Motors for Conveyor System Market: Dynamics
Continuously rising demand for handling large volume of goods and performing complex conveying operations is expected to drive growth of electric motors for conveyor system market. Further, healthy growth of end-use industries is another factor that could create significant demand for electric motors for conveyor systems. For instance, increase in the number of new airport projects across the globe, rising demand for vehicles resulting in establishment of new production facilities, growing online sales of consumer products that require proper warehousing and transportation, and an increase in the demand for packed foods are few of the factors forecasted to supplement the demand for electric motors for conveyor systems in the long run.
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Electric Motors for Conveyor System Market: Segmentation
The global electric motors for conveyor system market can be segmented on the basis of product type, power output, phase type, end-use industry and region.
By product type, the global electric motors for conveyor system market can be classified into:
AC Motors
Gear motors
Brushless DC Motors
Stepper & Servo Motors
By power output, the global electric motors for conveyor system market can be classified into:
Less than 1 kW
1 to 100 kW
More than 100 kW
By phase type, the global electric motors for conveyor system market can be classified into:
Single Phase
Three Phase
By end-use Industry, the global electric motors for conveyor system market can be classified into:
Mining & Metallurgy Industry
Construction Industry
Power Generation Industry
Industrial Production
Commercial
Logistics and Material Handling Industry
Electric Motors for Conveyor System Market: Region-Wise Outlook
By region, developing countries are anticipated to be opportunistic markets for electric motors for conveyor systems. Developing countries in the Asia Pacific region have witnessed noteworthy upsurge in industrial and infrastructural investments, which create prospects for new conveying projects. Countries, such as India, China, South Korea and Japan pose significant opportunities for market growth. North America and Europe are expected to witness growth in the market, owing to increasing transition of manufacturers towards automation, which in turn will require complex conveying operations. Outlook for the Latin America market for electric motors for conveying systems remains neutral, and the market in the region is expected to witness marginal growth, which predominantly will be attributed to the growth of industrial production in the region.
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Electric Motors for Conveyor System Market: Market Participants
Examples of some of the market participants identified in the market of electric motors for conveyor system market are:
ABB Group (Baldor Electric Company)
Siemens AG
Power Electric (PE)
Nord Gear Corporation
Bodine Electric Company
Oriental Motor U.S.A. Corp.
Great Lakes Belting
Bonfiglioli Riduttori S.p.A
Altra Industrial Motion
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