Global Severe Duty Motors Market 2022-2026

Global Severe Duty Motors Market 2022-2026

Technavio has been monitoring the severe duty motors market and it is poised to grow by $ 602.59 mn during 2022-2026, decelerating at a CAGR of 4.3% during the forecast period. Our report on the severe duty motors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for energy-efficient severe duty motors, continued adoption of three-phase motors, and increased regulations and standards for severe duty motors.

The severe duty motors market analysis includes the end-user segment and geographic landscape.

Technavio's severe duty motors market is segmented as below:

By End-user

• Oil and gas industry
• Chemical and petrochemical industry
• Water and wastewater industry
• Metals and mining industry
• Others industry

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the increased upgrading activities of severe duty motors as one of the prime reasons driving the severe duty motors market growth during the next few years. Also, continuous innovation in designing of severe duty motors and the inception of digitalization-ready severe duty motors will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on severe duty motors market covers the following areas:

• Severe duty motors market sizing
• Severe duty motors market forecast
• Severe duty motors market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading severe duty motors market vendors that include ABB Ltd., Bharat Bijlee Ltd., Brook Crompton Group, Crompton Greaves Consumer Electricals Ltd., Elektrim Motors, Havells India Ltd., Kirloskar Electric Co. Ltd., MGM Electric Motors, Mitsubishi Electric Corp., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, Toledo Engineering Co. Inc., Toshiba Corp., WEG Equipamentos Eletricos SA, Wolong ELectric Group, and WorldWide Electric Corp. Also, the severe duty motors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.