Increasing Usage of Motors in Production Process Equipment to Propel the Growth of Industrial Motors Market at a CAGR Of 3.63% in the Next Five Years
According to the report “Industrial Motors Market Analysis - By Product (IE1, IE2, IE3, IE4); By Voltage Range; By Rotor (Asynchronous, Synchronous, DC); By End Use (Oil & Gas, Mining, Power Generation, Chemical) With Forecast (2016 - 2021)”, published by IndustryARC, the market is estimated to reach $37.8 billion by 2021.
Browse 21 Market Tables, 72 figures spread through 146 Slides and an in-depth TOC on “Industrial Motors Market Analysis”
http://industryarc.com/Report/7383/industrial-motors-market-report.html
Electrical motors are machines capable of converting electrical energy into mechanical energy through an interaction between magnetic and electrical fields to generate a force inside them. The market study by IndustryARC on industrial motors segments the market based on the product type, voltage range, end-user industry and geography. Based on the product type industrial motors have been classified into IE1, IE2, IE3 and IE4. Based on the voltage range the industrial motors market has been segmented into low voltage motors, medium voltage motors and high voltage motors. Under rotor type the market has been classified into Asynchronous, Synchronous and DC motors. The market on their application in different end user industrial has been segmented to oil & gas, mining, power generation and chemical industry among others.
The global market for industrial motors is estimated to reach $37.8 billion by 2021. Increasing regulations in the waste water manager industry in Southeast Asian countries coupled with new infrastructure developments in China and India is estimated to drive the market for industrial motors. Countries such as China and India has witnessed rapid infrastructural developments in various industries such as mining, automotive, food & beverage and chemical industries which attributes to further growth of industrial motors market.
Among the major end-user industries for industrial motors, Oil and Gas industry remains the most dominant end user which held nearly 28% of the overall market followed by Mining & Metal Industry. Power and Utilities segment remains the fastest growing industry closely followed by waste water management industry. Globally various manufacturing sectors are facing several issues due to scarcity of water which are ultimately affecting their productivity. Along with this depletion of water resources and increasing awareness of users about recycle water usage are also attributing to the growth in the coming years.
Browse 21 Market Tables, 72 figures spread through 146 Slides and an in-depth TOC on “Industrial Motors Market Analysis”
http://industryarc.com/Report/7383/industrial-motors-market-report.html
Electrical motors are machines capable of converting electrical energy into mechanical energy through an interaction between magnetic and electrical fields to generate a force inside them. The market study by IndustryARC on industrial motors segments the market based on the product type, voltage range, end-user industry and geography. Based on the product type industrial motors have been classified into IE1, IE2, IE3 and IE4. Based on the voltage range the industrial motors market has been segmented into low voltage motors, medium voltage motors and high voltage motors. Under rotor type the market has been classified into Asynchronous, Synchronous and DC motors. The market on their application in different end user industrial has been segmented to oil & gas, mining, power generation and chemical industry among others.
The global market for industrial motors is estimated to reach $37.8 billion by 2021. Increasing regulations in the waste water manager industry in Southeast Asian countries coupled with new infrastructure developments in China and India is estimated to drive the market for industrial motors. Countries such as China and India has witnessed rapid infrastructural developments in various industries such as mining, automotive, food & beverage and chemical industries which attributes to further growth of industrial motors market.
Among the major end-user industries for industrial motors, Oil and Gas industry remains the most dominant end user which held nearly 28% of the overall market followed by Mining & Metal Industry. Power and Utilities segment remains the fastest growing industry closely followed by waste water management industry. Globally various manufacturing sectors are facing several issues due to scarcity of water which are ultimately affecting their productivity. Along with this depletion of water resources and increasing awareness of users about recycle water usage are also attributing to the growth in the coming years.
Browse Related Reports:
- Factory Automation Market: By Mechanical Components (Shafts, Screws, Nuts, Clamps, Sensors, Gears, Motors, Pipes, Nozzles, Others) By Application (Automotive, Chemical, Oil & Gas, Pharmaceutical, Packaging, Food & Beverage) Forecast (2015-2020) http://industryarc.com/Report/196/factory-automation-mechanical-products-market-analysis.html
- Intelligent Motor Control Centers (iMCC) Market Analysis: by Type (Low Voltage, Medium Voltage); by Standards (NEMA, IEC); by End user industry (Oil & Gas, Mining, Food & Beverage, Power Generation) - With Forecast (2015 - 2020) http://industryarc.com/Report/10636/intelligent-motor-control-centers.html
About IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports
annually in various industries, such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and
Power, Electronics, Food & Beverages, Information Technology, Life
sciences & Healthcare.
IndustryARC
primarily focuses on Cutting Edge Technologies and Newer Applications of
the Market. Our Custom Research Services are designed to provide
insights on the constant flux in the global demand-supply gap of
markets. Our strong analyst team enables us to meet the client research
needs at a very quick speed with a variety of options for your business.
We
look forward to support the client to be able to better address
customer needs; stay ahead in the market; become the top competitor and
get real-time recommendations on business strategies and deals. Contact
us to find out how we can help you today.
Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc
