Market Overview:
The global crane and metallurgical motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cranes and metallurgical motors from various end-use industries, such as coal industry, petrochemical industry, and other industries. In terms of type, the EXd type segment is expected to lead the global crane and metallurgical motors market during the forecast period. This segment is projected to grow at a CAGR of 6% during the forecast period. The increased-safety type segment is projected to grow at a CAGR of 4% during the same period.
Product Definition:
A crane motor is a type of electric motor that is used to power cranes. They are typically large, powerful motors that can handle the heavy loads associated with lifting and moving objects with a crane. Metallurgical motors are a specific type of crane motor that is designed for use in metallurgical applications, such as metal refining and processing.
EXd Type:
EXd is an electric motor with permanent magnet, wound rotor or commutator and brushes. It has different applications in the industry such as pumps, drives and turbines. The market for cranes & metallurgical motors is driven by factors such as growing construction activities across the globe coupled with increasing demand from oil & gas sector which requires EXd type of motors for their machinery.
EXD are used in various industries including power generation, marine transportation, aerospace manufacturing etc.
Increased-Safety Type:
Increased safety type is a device that prevents the crane or motor from moving out of control. It can be defined as an additional mechanical interlock, which prevents the movement of machine beyond certain limits set by it’s operator. The primary function of such devices is to protect workers against serious risks and prevent loss of life or limb in case crane or motor fails to stop at desired position due to some reason.
The global increased-safety type and's usage in crane.
Application Insights:
The market is segmented by application into the coal industry, petrochemical industry, other industries and others. The other applications include iron and steel industry, cement production plants and civil construction projects. In 2017, the coal industry accounted for over 50% of total revenue share in North America crane motors market. This trend is expected to continue over the forecast period as China Coal Capacities Rise will Lead to Increased Demand For Cranes And Metallurgical Motors Thereof ¢â‚¬â€œ 2018 To 2030 ¢â‚¬ in Asia Pacific region which in turn will drive demand for cranes & metallurgical motors across all regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from various end-use industries, such as chemical, steel production, and other sectors. In addition, rising investments by governments for infrastructure development are anticipated to drive industry expansion over the next eight years.
The Middle East & Africa is projected to grow at a significant rate during the forecast period owing to rapid developments in oil & gas exploration activities coupled with increasing government spending on construction of new facilities across major economies including Saudi Arabia and UAE. Moreover, growing industrialization along with increased focus on energy security will boost product demand in this region over the coming years.
North America accounted for a significant share of revenue generated by EXd crane motors globally due to high penetration rates observed within U.S.
Growth Factors:
- Increasing demand from the construction and mining industries for electric motors that are more efficient and durable is expected to drive the growth of the Crane and Metallurgical Motors market.
- The growing trend of automation in various industries is also anticipated to fuel the demand for Crane and Metallurgical Motors in the near future.
- Rising awareness about energy-efficient motors among consumers is projected to boost this market in the coming years.
- Growing investments by key players in research & development activities aimed at developing new technologies for Crane and Metallurgical Motors is likely to propel this market’s growth over the forecast period. 5) The increasing adoption of these motors across diverse applications is expected to create lucrative opportunities for players operating in this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Crane and Metallurgical Motors Market Research Report
By Type
EXd Type, Increased-Safety Type, Other Types
By Application
Coal Industry, Petrochemical Industry, Other Industry
By Companies
Toshiba, ABB, Siemens, WEG, Regal Beloit, Hyosung, Nidec, TECO- Westinghouse, Kollmorgen, Lafert, Brook Crompton, Wolong, Jiamusi Electric Machine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Crane and Metallurgical Motors Market Report Segments:
The global Crane and Metallurgical Motors market is segmented on the basis of:
Types
EXd Type, Increased-Safety Type, Other Types
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coal Industry, Petrochemical Industry, Other Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toshiba
- ABB
- Siemens
- WEG
- Regal Beloit
- Hyosung
- Nidec
- TECO- Westinghouse
- Kollmorgen
- Lafert
- Brook Crompton
- Wolong
- Jiamusi Electric Machine
Highlights of The Crane and Metallurgical Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EXd Type
- Increased-Safety Type
- Other Types
- By Application:
- Coal Industry
- Petrochemical Industry
- Other Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crane and Metallurgical Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crane and Metallurgical Motors are two types of electric motors used in industrial applications. Crane motors are typically used for moving heavy objects, while Metallurgical Motors are more commonly found in mining and manufacturing applications.
Some of the major players in the crane and metallurgical motors market are Toshiba, ABB, Siemens, WEG, Regal Beloit, Hyosung, Nidec, TECO- Westinghouse, Kollmorgen, Lafert, Brook Crompton, Wolong, Jiamusi Electric Machine.
The crane and metallurgical motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crane and Metallurgical Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crane and Metallurgical Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crane and Metallurgical Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crane and Metallurgical Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crane and Metallurgical Motors Market Size & Forecast, 2020-2028
4.5.1 Crane and Metallurgical Motors Market Size and Y-o-Y Growth
4.5.2 Crane and Metallurgical Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 EXd Type
5.2.2 Increased-Safety Type
5.2.3 Other Types
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Coal Industry
6.2.2 Petrochemical Industry
6.2.3 Other Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crane and Metallurgical Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crane and Metallurgical Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 EXd Type
9.6.2 Increased-Safety Type
9.6.3 Other Types
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Coal Industry
9.10.2 Petrochemical Industry
9.10.3 Other Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 EXd Type
10.6.2 Increased-Safety Type
10.6.3 Other Types
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Coal Industry
10.10.2 Petrochemical Industry
10.10.3 Other Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 EXd Type
11.6.2 Increased-Safety Type
11.6.3 Other Types
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Coal Industry
11.10.2 Petrochemical Industry
11.10.3 Other Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 EXd Type
12.6.2 Increased-Safety Type
12.6.3 Other Types
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Coal Industry
12.10.2 Petrochemical Industry
12.10.3 Other Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 EXd Type
13.6.2 Increased-Safety Type
13.6.3 Other Types
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Coal Industry
13.10.2 Petrochemical Industry
13.10.3 Other Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crane and Metallurgical Motors Market: Competitive Dashboard
14.2 Global Crane and Metallurgical Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toshiba
14.3.2 ABB
14.3.3 Siemens
14.3.4 WEG
14.3.5 Regal Beloit
14.3.6 Hyosung
14.3.7 Nidec
14.3.8 TECO- Westinghouse
14.3.9 Kollmorgen
14.3.10 Lafert
14.3.11 Brook Crompton
14.3.12 Wolong
14.3.13 Jiamusi Electric Machine
