The estimated value of the industrial motor market (産業用モーター市場) in 2022 is USD 17.7 Billion, with a projected growth to reach USD 25.9 Billion by 2032. This growth is expected to occur at a compound annual growth rate (CAGR) of 3.9% during the period of 2022-2032.
The industrial motor market is a vital component of various industries, encompassing manufacturing, automotive, construction, energy, and more. Industrial motors are electromechanical devices that convert electrical energy into mechanical energy, driving machines, conveyor belts, pumps, and other industrial equipment. This market's growth is closely linked to industrialization, automation, and energy efficiency initiatives across the globe.
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Market Dynamics:
The industrial motor market is influenced by several key factors. One of the primary drivers is the increasing adoption of automation in industries worldwide. Automation requires efficient and reliable motors to drive various machinery and processes, leading to a higher demand for industrial motors. Additionally, stringent energy efficiency regulations imposed by governments and environmental agencies have compelled industries to replace old, inefficient motors with energy-efficient ones, further boosting the market growth.
On the other hand, the market faces challenges such as intense competition among manufacturers, which leads to price pressures. Moreover, the market is also impacted by economic fluctuations, as industrial investments tend to fluctuate based on economic conditions.
Market Future Outlook:
The future outlook for the industrial motor market (Marché des moteurs industriels) remains positive, with several factors expected to drive growth. The increasing focus on industrial automation and the adoption of IoT (Internet of Things) technologies in industrial processes are expected to create new opportunities for industrial motor manufacturers. Additionally, the growing trend towards sustainable and energy-efficient solutions is likely to fuel the demand for energy-efficient motors in the coming years.
Market Insights:
The global industrial motor market can be segmented based on type, voltage range, power output, application, and region. By type, the market can be classified into AC motors and DC motors. AC motors are further segmented into synchronous and asynchronous motors. Based on voltage range, the market can be categorized into low voltage and medium/high voltage motors. By power output, the market can be divided into fractional horsepower motors and integral horsepower motors. The major applications of industrial motors include machinery, HVAC systems, material handling, and others.
Key Players:
- ABB Limited
- Siemens Aktiengesellschaft.
- WEG SA
- TECO Electric & Machinery Co., Ltd.
- Toshiba Corporation
- Hyosung Corporation
- Nidec Corporation
- Regal Beloit Corporation
- CG Power and Industrial Solutions Limited
Competitive Landscape:
The industrial motor market (산업용 모터 시장) on a global scale is characterized by intense competition and fragmentation due to the presence of numerous regional and domestic players. Key players in the industry employ diverse marketing strategies, including mergers and acquisitions, partnerships, and expansions, to gain a competitive edge. Additionally, leading companies adopt new product development as a strategic approach to enhance their market presence and appeal to consumers. As a result, advanced industrial motor technologies have been incorporated into the market.
Global Industrial Motor Market Segments
- By Efficiency :
- IE1
- IE2
- IE3
- IE4
- DC and others
- By Application :
- Compressors
- Pumps & Fans
- Conveyors
- Crushers
- Extruders
- Other Applications
- By Motor Type :
- DC Brushed motor
- DC Brushless motor
- Stepper motor
- Traction Motor
- By End Use Vertical :
- Commercial HVAC
- F&B Manufacturing
- Mining
- Utilities
- Other Sectors
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Explore More Related Studies Published by Fact.MR Research:
Industrial Motor Brakes Market (産業用モーターブレーキ市場): https://www.factmr.com/report/559/industrial-motor-brakes-market
Micro Motor Market (Marché des micro-moteurs): https://www.factmr.com/report/95/micro-motor-market
Small Motor Market (소형 자동차 시장): https://www.factmr.com/report/323/small-motors-market
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