Market Overview:
The global industrial 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 energy-efficient and high-performance motors across different industries. In addition, the growing adoption of Industrial Internet of Things (IIoT) is also contributing to the growth of this market. Based on type, the global industrial motors market can be segmented into high voltage motor and low voltage motor. The high voltage motor segment is expected to account for a larger share of the global industrial motors market than the low voltage motor segment during the forecast period from 2018 to 2030. This can be attributed to its higher efficiency as compared with low voltage motors and its ability to handle large loads without any problems. Based on application,the global industrial motors market can be divided into oil & gas, power generation, mining & metal,industrial machinery and others segments.
Product Definition:
Industrial motors are devices that convert electrical energy into mechanical energy. They are used to power machines in factories and other industrial settings. Industrial motors are important because they allow machines to operate, which in turn allows businesses to produce products.
High Voltage Motor:
High voltage motors are used in industrial applications such as pumps, fans, blowers and other machine tools. They are also used in the manufacturing process of semiconductors & printed circuit boards (PCB). The growth factor for high voltage motor market is driven by increasing demand from end-use industries.
The major factors driving the growth of this market include growing demand for electric power steering systems and hybrid vehicles along with rapid industrialization across developing nations such as India, China.
Low Voltage Motor:
Low voltage motors are used in industrial applications such as pumps, fans, blowers and other machine tools. They are also used in material handling equipment such as forklifts. The market for low voltage motor is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries including automotive & transportation and manufacturing industry.
Theory of operation: Low Voltage Motors (LVM) have a lower power rating than High Voltage Motors (HVM).
Application Insights:
The industrial machinery segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for heavy-duty industrial machinery, such as material handling equipment, drilling machines, and presses. The mining & metal application segment is also expected to register a notable CAGR during the study period owing to rising demand from construction and automotive industries.
Industrial motors are widely used in various applications including oil & gas; power generation; mining & metal; chemical processing; food processing equipment manufacturing industry etc., owing to their ability of continuous operation without maintenance or repair for extended periods of time. These products are designed with overload protection systems that prevent damage due to overheating or under-voltage conditions while providing reliable performance at all times.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and flourishing manufacturing sector. China, India, Japan, South Korea are some of the prominent markets in this region.
The growing population coupled with rising living standards have resulted in an increased demand for consumer goods such as refrigerators, washing machines etc., which will drive the market further. Moreover high investments being made by various governments for expanding electricity generation capacity will also contribute towards industry growth over the coming years.
Europe was estimated to be a significant regional segment owing to presence of major automotive manufacturers including Daimler AG; BMW Group; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand from the automotive industry for electric and hybrid vehicles
- Growing demand for industrial motors in the renewable energy sector
- Rising popularity of smart factories and Industry 4.0 initiatives
- Proliferation of Internet of Things (IoT) across industries
- Growing investments in research and development (R&D) to develop new motor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Motors Market Research Report
By Type
High Voltage Motor, Low Voltage Motor
By Application
Oil & Gas, Power Generation, Mining & Metal, Industrial Machinery, Others
By Companies
ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI FORVORDA, Ametek, Allied Motion, JEUMONT
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Motors Market Report Segments:
The global Industrial Motors market is segmented on the basis of:
Types
High Voltage Motor, Low Voltage Motor
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
Oil & Gas, Power Generation, Mining & Metal, Industrial Machinery, Others
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:
- ABB
- Siemens
- Mitsubishi
- GE
- HITACHI
- Nidec
- Toshiba
- Regal Beloit
- WEG
- Teco
- Emerson
- MEIDENSHA
- Wolong Electric
- Rockwell Automation
- Franklin Electric
- Zhongda Motor
- XIZI FORVORDA
- Ametek
- Allied Motion
- JEUMONT
Highlights of The Industrial 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:
- High Voltage Motor
- Low Voltage Motor
- By Application:
- Oil & Gas
- Power Generation
- Mining & Metal
- Industrial Machinery
- Others
- 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 Industrial 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Industrial Motors is a type of electric motor that is used in industrial applications. These motors are designed to be efficient and durable, making them ideal for use in a variety of industries.
Some of the key players operating in the industrial motors market are ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI FORVORDA, Ametek, Allied Motion, JEUMONT.
The industrial 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 Industrial 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 Industrial Motors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial 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 Industrial 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 Industrial Motors Market Size & Forecast, 2020-2028 4.5.1 Industrial Motors Market Size and Y-o-Y Growth 4.5.2 Industrial 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 High Voltage Motor
5.2.2 Low Voltage Motor
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 Oil & Gas
6.2.2 Power Generation
6.2.3 Mining & Metal
6.2.4 Industrial Machinery
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 High Voltage Motor
9.6.2 Low Voltage Motor
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 Oil & Gas
9.10.2 Power Generation
9.10.3 Mining & Metal
9.10.4 Industrial Machinery
9.10.5 Others
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 High Voltage Motor
10.6.2 Low Voltage Motor
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 Oil & Gas
10.10.2 Power Generation
10.10.3 Mining & Metal
10.10.4 Industrial Machinery
10.10.5 Others
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 High Voltage Motor
11.6.2 Low Voltage Motor
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 Oil & Gas
11.10.2 Power Generation
11.10.3 Mining & Metal
11.10.4 Industrial Machinery
11.10.5 Others
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 High Voltage Motor
12.6.2 Low Voltage Motor
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 Oil & Gas
12.10.2 Power Generation
12.10.3 Mining & Metal
12.10.4 Industrial Machinery
12.10.5 Others
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 High Voltage Motor
13.6.2 Low Voltage Motor
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 Oil & Gas
13.10.2 Power Generation
13.10.3 Mining & Metal
13.10.4 Industrial Machinery
13.10.5 Others
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 Industrial Motors Market: Competitive Dashboard
14.2 Global Industrial Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Mitsubishi
14.3.4 GE
14.3.5 HITACHI
14.3.6 Nidec
14.3.7 Toshiba
14.3.8 Regal Beloit
14.3.9 WEG
14.3.10 Teco
14.3.11 Emerson
14.3.12 MEIDENSHA
14.3.13 Wolong Electric
14.3.14 Rockwell Automation
14.3.15 Franklin Electric
14.3.16 Zhongda Motor
14.3.17 XIZI FORVORDA
14.3.18 Ametek
14.3.19 Allied Motion
14.3.20 JEUMONT