Global Industrial Electric Motors Market is expected to grow at a CAGR of 4.28%.
According to TechSci Research report, “Global Industrial Electric Motors Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the Global Industrial Electric Motors Market is expected to register robust growth during the forecast period. Increasing awareness of energy efficiency
and environmental sustainability has led to a growing demand for
high-efficiency electric motors. Businesses and industries seek to reduce
energy consumption and operating costs by adopting energy-efficient motors.
With a growing focus on energy efficiency and environmental
sustainability, there is a substantial opportunity for high-efficiency electric
motors. These motors help businesses reduce energy consumption and operating
costs, aligning with global efforts to reduce carbon emissions. Manufacturers
that offer energy-efficient Industrial Electric Motors can capitalize on this
trend.
Browse over XX market data Figures spread
through 86 Pages and an in-depth TOC on the "Global Industrial Electric Motors Market."
The Industrial Electric Motors Market
exhibits a comprehensive segmentation structure, encompassing various
parameters to cater to the diverse requirements of industries worldwide.
Segmented by Motor Type into AC Motors and DC Motors, this market provides
solutions tailored to different applications and operational needs. Moreover,
the segmentation based on Output Power distinguishes between Integral
Horsepower and Fractional Horsepower motors, catering to varying power
requirements across industries. Additionally, Voltage Rating segmentation
categorizes motors into Low Voltage (Up to 690V), Medium Voltage (691V -
3300V), and High Voltage (Above 3300V), reflecting the diverse voltage needs in
industrial operations. End-Use Industry segmentation further delineates the
market based on sectors such as Manufacturing, Oil and Gas, Mining, Chemicals,
Automotive, and Others, capturing the specific demands and applications within
each industry vertical. Geographically, the market is divided into regions to
account for regional variations in demand and preferences. Dominant segments
often include AC Motors due to their widespread adoption across industries,
particularly in manufacturing and automotive sectors, where they serve as the
primary propulsion source for machinery and equipment. Additionally, the
Manufacturing industry emerges as a dominant end-use segment, fueled by
continuous industrial expansion and automation initiatives worldwide. However,
the fastest-growing segments are often observed in emerging industries such as
renewable energy and electric vehicles, which drive demand for high-efficiency
motors with specific voltage and power requirements. Overall, the Industrial
Electric Motors Market presents a robust segmentation framework, with dominant
segments driven by widespread adoption in key industries, while the
fastest-growing segments are propelled by emerging trends and technological
advancements.
Key market players in the Global Industrial
Electric Motors Market are:-
- ABB Sakti Industries
- Siemens
- WEG Industries
- Teco Electric & Machinery
- TMEIC Industrial Systems Indonesia
- Menara Sinar Agung
- Dynatech International
- Lautan Luas Tbk
- Bhumi Raya Electric
- Surya Timur Sakti Jaya
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“Industrial Electric Motors Market shows positive
growth in the forecast period. The increasing emphasis on energy efficiency and
sustainability across industries. Industrial electric motors are integral
components of various applications, and the demand for energy-efficient motors
is expected to surge as companies strive to reduce operating costs and comply
with stringent environmental regulations. Additionally, advancements in motor
design and technology, such as the development of high-efficiency motors and
the integration of smart features for remote monitoring and control, are anticipated
to bolster market growth. Furthermore, the expansion of key end-use industries
such as manufacturing, automotive, and energy is projected to drive the demand
for industrial electric motors globally. Moreover, the rising adoption of
automation and robotics in industrial processes necessitates reliable and
high-performance motors, further contributing to market growth. Additionally,
increasing investments in infrastructure development, particularly in emerging
economies, are expected to create lucrative opportunities for market players.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Industrial Electric Motors Market
Segmented By Motor Type (AC Motor and DC Motor), By Output Power (Integral
Horsepower and Fractional Horsepower), By Voltage Rating (Low Voltage (Up to
690V), Medium Voltage (691V - 3300V) and High Voltage (Above 3300V)), By End-Use
Industry (Manufacturing, Oil and Gas, Mining, Chemicals, Automotive, Others), By Region, Competition 2019-2029,” has evaluated the future growth potential of Global Industrial Electric Motors Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Industrial
Electric Motors Market.
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