Press release
Industrial Motor Market: Current Business Trends, Growth and Opportunities 2017-2026
Fact.MR
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As per the new study by Fact.MR, the global market for industrial motor is likely to experience slow growth during 2017-2026. By 2026 end, the global market for industrial motor is projected to bring in US$ 14,959.1 million revenue. Stringent regulations on energy conservation and rising prices of electricity are driving the demand for energy-efficient industrial motor. However, the high cost of industrial motor as compared to the conventional motor, and high cost of installation are some of the factors hampering the global market for industrial motor.
IE2 Industrial Motor to Gain Maximum Traction in the Market
IE2 industrial motor is likely to gain maximum traction in the global market for industrial motor. Accounting for nearly one-third of the revenue share, IE2 industrial motor is projected to reach close to US$ 4,900 million revenue. Increasing use of IE2 industrial motor in industrial applications such as pumps, hydraulics, mixers, gears, HVAC and fans is driving the growth. Moreover, IE2 low voltage motors are also witnessing significant growth.
Industrial Motors to Find Largest Application in Pumps and Fans
Industrial motors are likely to find the largest application in pumps and fans. Towards 2026 end, pumps and fans are projected to create an absolute dollar opportunity of over US$ 2,300 million between 2017 and 2026. Energy efficient motors are being used on a large scale in the pumps and fans as it affects both the amount of mechanical power required by entire system and overall energy consumption.
DC Brushless Motor to be the Highly Preferred Motor Type
Compared to the various types of industrial motors, DC brushless are likely to emerge as the highly preferred motor type. DC brushless is projected to exceed US$ 6,900 million revenue by 2026 end. Brushless motor help in alleviating various issues related to the more common brushed motors. Moreover, these motors have much simple design. Brushless motors also offer various advantages such as high efficiency, minimum maintenance, and long life. These motors are finding high application in compressors, pumps and fans, where ruggedness and reliability are required.
Browse Full Report with TOC- https://www.factmr.com/report/355/industrial-motor-market
Table of Content:
1. Global Economic Outlook
2. Global Industrial Motor Market - Executive Summary
3. Global Industrial Motor Market Overview
4. Global Industrial Motor Market Analysis and Forecast 2012-2026
5. North America Industrial Motor Market Size and Forecast, 2012-2026
6. Latin America Industrial Motor Market Size and Forecast, 2012-2026
7. Europe Industrial Motor Market Size and Forecast, 2012-2026
8. Japan Industrial Motor Market Size and Forecast, 2012-2026
9. APEJ Industrial Motor Market Size and Forecast, 2012-2026
10. MEA Industrial Motor Market Size and Forecast, 2012-2026
11. Global Industrial Motor Market Company Share, Competition Landscape and Company Profiles
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
15. Disclaimer
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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