Press release
Motor Space Heater 2018 Global Market Expected to Grow at CAGR 6.04 % and Forecast to 2021
Motor Space Heater Market
About Motor Space Heater
Motor space heaters are devices that help prevent condensation in electric motors by creating an ambient temperature of 50°F. These devices activate when motors are in idle condition. The global electric motors market is witnessing high growth primarily because electric motors have positioned themselves as an essential to several residential and industrial applications. They form an integral component in the manufacturing of heating, ventilating, and cooling (HVAC) equipment and residential appliances. Increasing use of electric motors in compressors, fans, pumps, and HVAC has been on the rise. Since compressors, fans, and pumps are used in a majority of industrial facilities, their demand drives the demand for electric motors. When the motors are idle, there are chances of condensation, which could damage the motors. Motor space heater helps in preventing condensation by maintaining a consistent temperature of around 50°F. Due to this, the demand for motor space heaters is increasing as they help prevent condensation and consequent damage to the motors. Any damage to the motor could affect the operation of the facility and create downtime, which will affect the production as well.
Technavio’s analysts forecast the global motor space heater market to grow at a CAGR of 6.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motor space heater market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Motor Space Heater Market 2017-2021, 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
• Jenkins
• OMEGA Engineering
• Siemens
• SINOMAS
Other prominent vendors
• BARTEC
• Electro - Flex
• Ghanacon Products
• Gulf Electroquip
• Hilkar
• L&S Electric
• Nidec motors
• SIMEL
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Market driver
• Enhanced life cycle of motors
• For a full, detailed list, view our report
Market challenge
• Increase in use of trickle voltage heating method
• For a full, detailed list, view our report
Market trend
• Growing importance of automation
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market outline
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2016
• Market size and forecast 2016-2021
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY END-USER
• Segmentation by end-user
• Comparison by end-user
• Process industry – Market size and forecast 2016-2021
• Discrete industry – Market size and forecast 2016-2021
• Market opportunity by end-user
PART 08: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• APAC – Market size and forecast 2016-2021
• EMEA – Market size and forecast 2016-2021
• Americas – Market size and forecast 2016-2021
• Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 11: MARKET TRENDS
• Growing importance of automation
• Increase in wind energy projects
• Use of silicone rubber space heaters
PART 12: VENDOR LANDSCAPE
• Competitive landscape
• Other prominent vendors
PART 13: KEY VENDOR ANALYSIS
• Key vendor analysis
• ABB
• Jenkins
• OMEGA Engineering
• Siemens
• SINOMAS
Continued…….
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