Global Severe Duty Motors Market Growth 2023-2029

Global Severe Duty Motors Market Growth 2023-2029

A severe duty motor is generally a modification of a TEFC (Totally Enclosed Fan Cooled) motor and is defined as a step between a standard TEFC and a full IEEE 841 motor. Severe duty motors are deployed in industries that operate in harsh environments.

LPI (LP Information)' newest research report, the “Severe Duty Motors Industry Forecast” looks at past sales and reviews total world Severe Duty Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Severe Duty Motors sales for 2023 through 2029. With Severe Duty Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Severe Duty Motors industry.

This Insight Report provides a comprehensive analysis of the global Severe Duty Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Severe Duty Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Severe Duty Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Severe Duty Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Severe Duty Motors.

The global Severe Duty Motors market size is projected to grow from US$ 8958.6 million in 2022 to US$ 10550 million in 2029; it is expected to grow at a CAGR of 10550 from 2023 to 2029.

The oil and gas industry accounted for the major share of the market during 2017. During the forecast period, this segment will continue to grow steadily owing to the growing focus of the severe duty motors manufacturers. However, water and wastewater industry is expected to gain some shares in the forthcoming years.

This report presents a comprehensive overview, market shares, and growth opportunities of Severe Duty Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
AC Severe Duty Motors
DC Severe Duty Motors

Segmentation by application
Oil and Gas Industry
Chemical and Petrochemical Industry
Water and Wastewater Industry
Metals and Mining Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
General Electric
Rockwell Automation
Siemens
Toshiba
WEG
Mitsubishi
TECO-Westinghouse Motor
Nidec Motor Corporation
Xiangtan Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Severe Duty Motors market?

What factors are driving Severe Duty Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Severe Duty Motors market opportunities vary by end market size?

How does Severe Duty Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.