Global Industrial Motors Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst

 The global market for industrial motors is expected to grow at a 3.5% CAGR from 2022 to 2032, reaching a value of more than US$ 917.3 million in 2032. Several government agencies such as the European Water Association (Europe), the Environmental Protection Agency (the United States), and the India Water Works Association (India) are actively engaged in developing laws and regulations linked to water projects for disposal or reuse.

For example, In the Unites States, the Environmental Protection Agency (EPA) has made it essential for industries to treat water before it is disposed of. In this context, specifications for maximum allowable contamination levels have been developed. Also, stringent government regulations have been put in place for the development of water projects to generate power, treat water waste, and stop exploitation of deposits, treatment of dischargeable water and others. These industrial water and wastewater projects are anticipated to directly influence the expansion of the industrial motors market from 2022 to 2032.

Companies are forming strategic alliances to expand their reach into emerging and untapped markets. In the coming years, Future Market Insights (FMI) expects the United States, India, and China to emerge as the most dominant markets for industrial motors.

Request a Sample to Obtain Authentic Analysis: https://www.futuremarketinsights.com/reports/sample/rep-gb-5117

Key Takeaways from Market Study

  • By product type, AC motors are projected to hold a market share of 71% in 2032.

“The market for industrial motors is predicted to expand rapidly due to increasing demand for innovative and energy efficient products across industries. Rising automation and digitalization in a variety of end use sectors are driving demand. Industry participants are investing in strategic alliances, expansions, and cost effective solutions to obtain a competitive advantage.” Says an FMI analyst.

Who is Winning?

Among the industry’s key players are ABB Group, Siemens AG, Hyundai Electric Co. Ltd., Toshiba Corporation, Nidec Corporation, Hitachi, Ltd., WEG S.A., General Electric Co. , Bonfiglioli Riduttori S.p.A., Hyosung Corporation, Menzel Elektromotoren GmbH, Kirloskar Electric Company Ltd., and Regal Beloit Corporation.

Globally, the key market players are focus on developing and extending production technologies and expansion capacities to meet the industry demands.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global industrial motors market, presenting historical demand data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the industrial motors market based on product type (AC Motors, DC Motors), power output (1 to 5 MW, 5 to 10 MW, 10 to 15 MW, 15 to 20 MW, 20 to 25 MW), and end use (oil & gas, energy, mining, cement, metal and steel, pulp and paper, chemical, water and wastewater, marine) across seven key regions.

About Future Market Insights — Industrial Automation

The industrial automation division of Future Market Insights offers a novel approach and innovative perspective in analysing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects


Comments

Post a Comment

Popular posts from this blog

Solar Inverter Market Assessment and Key Insights Analyzed Till 2032

  The global   solar invertor market   is set to reach a valuation of   US$ 11 Bn   in 2022. Sales in the market are forecast to increase at a   6% CAGR   over the forecast period. Increasing usage of solar panels and renewables energy will augment the growth in the market. Hig adoption of solar invertors in the residential, commercial, and industrial and utilities will continue driving sales in the market. Over the past years, manufacturers are expanding their product lines with new technological advancement in the invertor technologies. As solar energy utilisation in photovoltaic systems is mostly dependent on the inverter, solar inverters are potentitally beneficial for lowering global warming and greenhouse impact. “Increasing awareness regarding energy-efficient household equipment, along with stringent regulations pertaining to carbon emissions and energy consumption will drive sales of solar invertors,” says an FMI analyst. Key Takeaways: Based on product type, demand in the cen
Read more

Tower Crane Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2020-2030

  Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The report estimates global  tower crane market  to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-4620 Demand for tower crane waned in 2020, due to the recessionary effects of COVID-19 on the construction activities, resulting in retardation of new and rental sales of tower cranes However, barring a few countries, the construction activities has resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of Tower Crane
Read more

Automated Parcel Delivery Terminals Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2032

 According to industry estimates, the global market for  automated parcel delivery terminals  will reach US$ 720 Million   by 2022 and is expected to reach US$ 2 Billion by 2032 while recording a CAGR of 10.9% during the forecast period from 2022 to 2032. With a growing demand for more deliveries and increasing pressure for shorter response times, there is a growing need for shorter transportation times in the automated parcel delivery terminals in the market. Increasing demand for online medicine delivery apps as well as same-day delivery systems has resulted in significant growth in the market for automated parcel delivery terminals. Market participants are experiencing new methods of parcel delivery with the growing adoption of innovative distribution channels. E-commerce companies, retailers, and manufacturers are working together in order to meet consumer demands in real-time while minimizing operational costs. To provide customers with individualized service, companies are in
Read more