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Motor Management Market: Global Key Manufacturers are ABB Ltd, Hitachi Ltd., Siemens AG, Analog Devices Inc., Eaton Corporation

Global Motor Management Market

Global Motor Management Market

The Global Motor Management Market accounted to USD 3.0 billion in 2016 growing at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Motor Management Market Segmentation:

The market is segmented on the basis of type, product, application, end-user and geography.

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On the basis of type the motor management market is segmented into Synchronous Motor, Asynchronous Motor. The synchronous motor market is expected to grow in the forecasted period.

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On the basis of product & services the motor management market is segmented into Hardware, software solution & service. The software solution & service market is expected to grow in the forecasted period.

On the basis of control the motor management market is segmented into Automatic, Semi-Automatic, and Manual. The Automatic market is expected to grow in the forecasted period.

On the basis of application the motor management market is segmented into Pumps, Compressors, Material Handling, Others. The Material handling market is expected to grow in the forecasted period.

On the basis of end-user the motor management market is segmented into Oil & Gas, Metals & Mining, Power Generation, Chemicals, Cement, Food & Beverages, Agriculture, Water Supply and Wastewater Treatment, Others. The Oil & gas market is expected to grow in the forecasted period.

Based on Geography the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Some of the major players operating in motor management market are ABB Ltd, Analog Devices, Inc, Eaton Corporation, General Electric (GE), Hitachi Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Schneider Electric SE, Siemens AG, Texas Instruments Inc., TraceRat, Rong Daxing Electric, Tianneng Group, Ametek Inc., Anaheim Automation Inc, Bartec Gmbh, Bosch Rexroth Ag, C3Controls, Fanox Electronic S.L, Larsen & Toubro, Renesas Electronics among others. In 2017, ABB acquired B&R, a major player in machine and automation. This will help the ABB to strengthen its position in market.

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