Europe Induction Motors Market Forecast 2023-2032
KEY FINDINGS
The Europe induction motors market is evaluated to progress with a CAGR of xx% across the projection period of 2023-2032. Some of the key factors credited to the market growth of the region include the rise in spending by governments as well as industries, European Union (EU) directives associated with energy conservation, and the increase in manufacturing activities.
MARKET INSIGHTS
The Europe induction motors market growth assessment includes an in-depth analysis of France, Italy, Spain, the United Kingdom, Germany, and Rest of Europe. As per the Harvard Business Review, automation is playing a critical role in transforming Spain’s business operations and economy, in addition to accelerating the percentage of work activities that could be mechanized in the country. Moreover, through the adoption of automation, the country also aims to introduce advanced technologies for labor substitution, thereby enhancing productivity and improving accuracy and throughput.
On the other hand, Automaker Seat, a car manufacturing company based in Spain, utilized nearly 125 automated guided vehicles (Robots) at its factory in Martorell in 2018. The use of these systems, in turn, helped minimize production time by around 25%. Therefore, the high adoption of automation, as well as related technologies across Spain, is expected to contribute to the notable growth of the induction motors market growth in Europe during the forecast years.
COMPETITIVE INSIGHTS
Some of the key players operating in the market are Siemens AG, ABB Ltd, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Surging Popularity Of Electric Vehicles
- 3.1.2. Increasing Technological Advancements
- 3.1.3. Dominance Of Squirrel Cage Motors In Mining
- 3.1.4. Cost-effective And Easy-to-maintain Motors
- 3.2. Key Restraints
- 3.2.1. High Installation Costs Of Manufacturing Facility
- 3.2.2. Volatile Prices Of Raw Materials
- 3.2.3. Unauthorized Markets
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Induction Motors Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Key Buying Criteria
- 4.7. Regulatory Framework
- 5. Market By Type
- 5.1. Single-phase Induction Motor
- 5.2. Three-phase Induction Motor
- 6. Market By Application
- 6.1. Commercial
- 6.2. Industrial
- 6.3. Residential
- 7. Geographical Analysis
- 7.1. Europe
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United Kingdom
- 7.1.5.2. Germany
- 7.1.5.3. France
- 7.1.5.4. Italy
- 7.1.5.5. Spain
- 7.1.5.6. Rest Of Europe
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.1.4. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Abb Ltd
- 8.2.2. Ametek
- 8.2.3. Brook Crompton
- 8.2.4. Johnson Electric Holdings
- 8.2.5. Nidec Motor Corporation
- 8.2.6. Regal Beloit Corporation
- 8.2.7. Siemens Ag
- 8.2.8. Weg Electric Corporation
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