Industrial Motor Market
Added: (Fri Nov 19 2021)
Pressbox (Press Release) -
Industrial Motor Market has been valued $xx million in the year 2019 and it is estimated to reach $xx million by the year 2026, with a CAGR of 3.63 % from 2021 to 2026. Industrial Motor are most commonly used in the kitchen appliances, and also in water pumps, automobiles, fans and air conditioners and in common industrial machinery like compressors and boiler pumps. Compared to the conventional AC motors, linear AC motors are quite different in terms of functional and operational characteristic. these are the main factors that have considerably increased the demand for the Industrial Motor in the market, thereby driving the huge growth of the Industrial Motor market in the upcoming years
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Industrial Motor in the market is mainly due to the huge increase the demand for the superior machine control in automotive industry, and also rise in the owing to the high efficiency of AC synchronous motors fuels the electric motor market growth, Minimum Energy Performance Standards (MEPS), drives the growth of energy efficient electric motors market across the world. The material handling systems serve as the key consumers of fractional horsepower (FHP) motors, thus boosting their demand across the globe. Moreover, the adoption of motors ranging 21-60 V in HVAC sectors; these are the main factors that have considerably increased the demand for the Industrial Motor in the market, thereby driving the huge growth of the Industrial Motor market in the upcoming years
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Report is segmented as:
Industrial Motor Market is segmented on the basis of by efficiency; on the basis of by motor type; on the basis of by application; on the basis of by end-user:
* Industrial Motor Market is segmented on the basis of by efficiency into IE1, IE2, IE3, IE4, DC and others
* Industrial Motor Market is segmented on the basis of by application into Compressors, Pumps & Fans, Conveyors, Crushers, Extruders, and others
* Industrial Motor Market is segmented on the basis of by end-user into Commercial HVAC, F & B Manufacturing, Mining, Utilities, and others
* Industrial Motor Market is segmented on the basis of by motor type into DC Brushed Motor, DC Brushless Motor, Stepper Motor, and Traction Motor
Geographical Segmentation:
Industrial Motor Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. Asia Pacific has the dominant share in the Industrial Motor is due to the increased demand for affordable and miniature motor options are the main factors that have considerably increased the demand for the Industrial Motor in the Asia Pacific region, followed by Europe, North America, Latin America and Middle East & Africa will register a slower increase in the Industrial Motor Market
Impact of COVID-19 on Market
The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Industrial Motor market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise in the Industrial Motor market growth
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