Global Industrial Motors Market 2022-2028

Global Industrial Motors Market 2022-2028

According to Gen Consulting Company, the global industrial motors market is set to achieve an incremental growth of USD 4.1 billion, acelerating at a CAGR of almost 3.1% during the forecast period 2022-2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global industrial motors market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the industrial motors industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, voltage, end user, and region. The global market for industrial motors can be segmented by type: alternating current (AC) motors, direct current (DC) motors, others. The AC motors segment is estimated to account for the largest share of the global industrial motors market. Industrial motors market is further segmented by voltage: high voltage, medium voltage, low voltage. The low voltage segment held the largest revenue share in 2021. Based on end user, the industrial motors market is segmented into: discrete manufacturing, oil and gas, power , mining, water, chemical, others. Globally, the oil and gas segment made up the largest share of the industrial motors market. On the basis of region, the industrial motors market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest contributor to the global industrial motors market in 2021.

Market Segmentation

By type: alternating current (AC) motors, direct current (DC) motors, others

By voltage: high voltage, medium voltage, low voltage

By end user: discrete manufacturing, oil and gas, power , mining, water, chemical, others

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global industrial motors market. Some of the leading players profiled in the report include ABB Ltd., Allied Motion Technologies Inc., Ametek Inc., Brook Crompton Holdings Ltd, CG Power and Industrial Solutions Limited (Murugappa Group), Eaton Corporation plc, Emerson Electric Co., Fuji Electric Co., Ltd., General Electric Company, Johnson Electric Holdings Limited, maxon motor AG, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., SEW-EURODRIVE GmbH & Co KG, Siemens AG, Toshiba Corporation, WEG S.A., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global industrial motors market.
• To classify and forecast the global industrial motors market based on type, voltage, end user, region.
• To identify drivers and challenges for the global industrial motors market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global industrial motors market.
• To identify and analyze the profile of leading players operating in the global industrial motors market.

• Gain a reliable outlook of the global industrial motors market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.