This report studies the Industrial Motors market. Motor is a device that transfer power between electric power and mechanical power. Just as the name implies, industrial motors are motors used in the various industries. In this report, the industrial motors does not prefers to the motor used in automotive, home appliances, power tools, etc. The motors used in these applications are general called small & special electric motors.
LPI (LP Information)' newest research report, the “Industrial Motors Industry Forecast” looks at past sales and reviews total world Industrial Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Motors sales for 2023 through 2029. With Industrial Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Motors industry.
This Insight Report provides a comprehensive analysis of the global Industrial 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 Industrial Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Motors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial 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 Industrial Motors.
The global Industrial Motors market size is projected to grow from US$ 50820 million in 2022 to US$ 63870 million in 2029; it is expected to grow at a CAGR of 63870 from 2023 to 2029.
Global Industrial Motors key players include ABB, Siemens, Mitsubishi, GE, HITACHI, etc. Global top five manufacturers hold a share over 30%. China is the largest market, with a share about 30%, followed by Europe and North America, total have a share over 40 percent. In terms of product, Low Voltage Motor is the largest segment, with a share about 65%. And in terms of application, the largest application is Power Generation, followed by Mining & Metal, Industrial Machinery, and Oil & Gas.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Motors market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Industrial Motors Includes:
ABB
Siemens
Mitsubishi
GE
HITACHI
Nidec
Toshiba
Regal Beloit
WEG
Teco
Emerson
MEIDENSHA
Wolong Electric
Rockwell Automation
Franklin Electric
Zhongda Motor
XIZI FORVORDA
Ametek
Allied Motion
JEUMONT
Market Segment by Type, covers:
High Voltage Motor
Low Voltage Motor
Market Segment by Applications, can be divided into:
Oil & Gas
Power Generation
Mining & Metal
Industrial Machinery
Others
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Motors market?
What factors are driving Industrial Motors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Motors market opportunities vary by end market size?
How does Industrial Motors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
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