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The global Industrial Motor Market size is forecasted to reach $47.3 billion by 2030, growing at a CAGR of 3.8% during the forecast period from 2024-2030. Globally, increasing demand for industrial motors in the Automotive and Oil and Gas industries is set to drive the Industrial Motor Market during the forecast period 2024-2030
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TABLE OF CONTENTS Topic s Slide No - 004 - 022 - 033 - 043 - 055 - 063 - 074 - 081 - 097 - 168 Chapter 01: Industrial Motors Market Overview Chapter 02: Industrial Motors Market Executive Summary Chapter 03: Industrial Motors Market Competitive Landscape Chapter 04: Industrial Motors Market Forces Chapter 05: Industrial Motors Market - By Strategic Analysis Chapter 06: Industrial Motors Market - By Product Type Chapter 07: Industrial Motors Market - By Power Rating Chapter 08: Industrial Motors Market - By Voltage Chapter 09: Industrial Motors Market - By Applications Chapter 10: Industrial Motors Market - By Geography - 200 - 202 Chapter 11: Industrial Motors Market Entropy Copyright ©2024 IndustryARC Chapter 12: Industrial Motors Market Company Profiles | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 01 INDUSTRIAL MOTORS MARKET OVERVIEW Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
1.1. DEFINITIONS AND SCOPE (1/1) Definition: Industrial Motors are machines that are capable of converting electrical energy into mechanical energy through an interaction between magnetic and electric current fields to generate a force inside them. In the industry, there are two different classifications of motors: AC and DC Motors. Due to their great reliability and low maintenance requirements, alternating current (AC) motors are frequently utilized in industrial applications. These can be induction motors, synchronous motors, or permanent magnet motors, among other varieties. Direct current (DC) motors are frequently employed in machinery like cranes, hoists, and lifts that need a lot of torque at low speeds. Industrial motors are available in a range of sizes and power ratings, from a few watts to several megawatts. They are made to function in challenging circumstances, like hot and humid weather, exposure to chemicals or dust, and high temperatures. Modern industrial motors also have cutting-edge features like variable speed control, energy-efficient construction, and smart sensors for monitoring and diagnostics. The market for industrial motors is primarily driven by downstream industries, increasing demand. Moreover, government laws such as Minimum Energy Performance Standards (MEPS) and technological developments have led to the development of energy-efficient motor systems, which has boosted the market growth for industrial motors. also, the global automobile industry is moving towards electric transportation, which will fuel the market expansion in the Copyright ©2024 IndustryARC coming years. | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (1/9) Research Methodology Flowchart Market Scope & Definition Preliminary Research Data Gathering Data Triangulation Data Synthesis Data Analysis Data Validation Verification Quality Assurance Preliminary Research In the initial stage of research, the scope of Industrial Motors Market is defined. In this preliminary stage the key data points in the market are identified which can be used to estimate the market to the best extent. The scope of this report primarily focuses on the revenue generated from the products manufactured by the major producers. To better gauge the Copyright ©2024 IndustryARC market, secondary focus is on different layers in Industrial Motors Market, such as products catering to disparate segments like application. | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (2/9) For this market, the volume of Industrial Motors as well as the varying price points were identified as key informational conjectures for market estimation in 2022. Market performance and trending market dynamics are some of the key questions that are studied during this stage. It also involves studying market factors and changing trends which are expected to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, a number of secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather data by researching secondary research resources, accessing proprietary databases and with primary research reaching out to key industry participants and opinion leaders (Sales & Marketing Directors, Product Managers, Market Intelligence Directors as well as Technical Experts and Administrators) throughout the Industrial Motors ecosystem including end-use environments forming a crucial aspect of value chain. The key sources for estimations remained the investments made by end-user verticals along with the sales figures of product suppliers in the market. Also, various trade bodies and associations were taken into consideration to understand the dynamics of each industry vertical and their respective investment scenarios. Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (3/9) Data Synthesis Stakeholders In this stage a team of analysts incorporates the data that has been gathered by corroborating with various sources. These sources include industry participants, In- Research & Development house models, regulatory bodies key opinion leaders in the market ecosystem and databases. In this stage, Industrial Motors Manufacturers patterns in historical data are identified and compared with the current scenario. Based on the Macro and Regulatory Bodies/Testing Authorities Micro factors prevalent in various geographies, various data models are used to assess the key countries for the Distributors market. The analysis also includes the identification of new companies that have entered the market scenario End User Segments and their impact on the market dynamics in the future. The data regarding end users is gathered from various secondary sources (given towards the end of the Copyright ©2024 IndustryARC presentation). | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (4/9) Data Analysis After the corroboration of data, the team of analysts moves toward understanding how the market has evolved over the years. The overall market size is gathered after analyzing various segments and verticals of the market. An impact analysis is also carried out to see which factors will affect the market in the next few years. These factors have been researched with respect to prominent economies across the different geographic regions to understand their corresponding impact on the market. Verification Data verification is carried out at all stages of research. This stage, however, is dedicated for more thorough check of all data points, which have been incorporated and rechecked against various data sources. Various C-Level executives and key opinion leaders are contacted for verification of the data. The total market for Industrial Motors is verified through the capital expenditure of various industry verticals. The market is also estimated for various key players in each of the product category, offering another way of cross validating the data. The data is then summarized and the key findings are disseminated. Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (5/9) Forecast Methodology Further, time series forecasting methodology is applied based on the various factors such as the product replacement, propensity to buy a new product, average life span, suppliers and distribution margins along with the trade dynamics of the leading countries across the region. Average weighted ASPs are also considered while estimating the market value in the report. The estimates are further revalidated with the suppliers and manufacturers operating in the market. However, some macroeconomic factors like inflation are not considered. Forecasting model is an iterative tool and is backed with historical trends of the market along with a regressive mathematical model which assesses the value based on factors such as capital expenditure, product lifespan, R&D investments and so on. Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (6/9) Assumptions & Research Methodology for Industrial Motors Market Industrial Motors market Description Nominal values (i.e. values are not adjusted w.r.t inflation) are considered in the market estimation The base year is 2022 and 2023 is the estimated year. The forecast period is between 2023 and 2028. Historic and Forecast Value Average weighted selling prices of the Industrial Motors with respect to their diversified application are considered while arriving on the market in terms of volume. Pricing Average year $ exchange is considered for the estimation of historic values and average five years exchange rate is considered for forecast values. Exchange Rate Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (7/9) Assumptions & Research Methodology for Industrial Motors Market S. No. Sources 1 International Electro technical Commission (IEC) 2 National Electrical Manufacturers Association (NEMA) 3 Electrical Apparatus Service Association (EASA) 4 The Association of Electrical and Mechanical Trades (AEMT) 5 American Council for an Energy-Efficient Economy (ACEEE) 6 The Institute of Electrical and Electronics Engineers (IEEE) 7 Motion Control & Motor Association (MCMA) 8 Electrical Research & Development Association (ERDA) 9 Consortium for Energy Efficiency (CEE) 10 The International Organization for Standardization (ISO) 11 International Electro technical Commission (IEC) Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (8/9) Primary Sources: Industrial Motors Market S. No. Designation Company 1 Business Development Manager Nidec Corporation 2 Sales Manager General Electric Company 3 International Sales Director Siemens AG 4 Product Marketing Executive Hitachi, Ltd. 5 Sales Manager WEG SA 6 Country Head ABB Ltd. 7 Product Director Rockwell Automation Inc 8 R&D and Business Development Manager Toshiba Corporation 9 Sales Manager Emerson Electric Co. 10 Business Development Manager Regal Beloit Corporation Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
RESEARCH METHODOLOGY (9/9) HeXa-Grid Paradigm: 6. Data Presentation Data Analysis, Summarization, Key Finding & Reporting is done for efficient dissemination of information 5. Data Triangulation & Validation After data compilation, it is validated with various key opinion leaders and C-level Executives globally Supply Gap Analysis Porter’s Analysis R&D and Patents Strength Demand 4. Data Interpretation & Assessment Based on the macro and micro factors prevalent in various geographies, proprietary data models are used to assess the key countries for the market 1. Scope Definition: Defining scope of the Report: Analyzing its Services, operations and Geographic penetration Market Assessment PESTEL analysis Market Penetration Competitive Landscape 2. Secondary Research: Based on the scope and segmentation, secondary research is done using public, private and subscribed sources 3. Primary Research: Reach out to all the stake holders involved in ecosystem: Copyright ©2024 IndustryARC Industry Experts insights taken to gauge and validate key data points | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 02 INDUSTRIAL MOTORS MARKET EXECUTIVE SUMMARY Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
2.1 MARKET REVENUE, MARKET SIZE, AND KEY TRENDS BY COMPANY (1/4) Industrial Motors Market Revenue, 2022-2028 ($M) 40000.0 30000.0 20000.0 10000.0 0.0 The Industrial Motors Market is estimated to grow at a CAGR of 2.54% during the forecast period (2023-2028) and 2022 2023 2024 2025 2026 2027 2028 reach $39,456.05 million by 2028, from around $33,898.42 million in 2022. The industrial motor is a device that converts mechanical power into electrical power. industrial motors utilized in numerous industries are known as industrial motors. Major uses for these motors include industrial machinery, compressors, fans, pumps, conveyor systems, and OEM-based products. The need for energy-efficient industrial motors for a variety of applications is positively impacted by rising electricity prices and stricter energy requirements. In the upcoming years, the industrial motors market will be driven by the rising global awareness of the depletion of water Copyright ©2024 IndustryARC resources and the consequent rise in the demand for water recycling. Source: IndustryARC Analysis, Expert Insights | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
2.1 MARKET REVENUE, MARKET SIZE, AND KEY TRENDS BY COMPANY (2/4) Industrial Motors Market Volume, 2022-2028 (M Units) 60.0 50.0 40.0 30.0 20.0 10.0 0.0 The Industrial Motors Market volume is estimated to grow at a CAGR of 3.17% during the forecast period (2023-2028) 2022 2023 2024 2025 2026 2027 2028 and reach 56.76 million units by 2028, from around 46.99 million units in 2022. the Industrial Motor Market is projected to be influenced by rising demand for industrial motors in the Automotive and Oil & Gas industries and increased investments made to increase oil and gas production globally in response to rising energy demands. Also, the growing demand for industrial motors with improved efficiency and reliable speed regulation during the course of the projection period has been pushed by the rising production of electric vehicles. Also, a rise in government incentives to promote the usage of energy-efficient industrial motors to protect the environment from Copyright ©2024 IndustryARC carbon emissions is anticipated to fuel the market growth during the anticipated time frame. Source: IndustryARC Analysis, Expert Insights | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 04 INDUSTRIAL MOTORS MARKET FORCES Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
4.1. INDUSTRIAL MOTORS MARKET – DRIVERS (2/5) Growing preference for smart motors the industrial motors sector has witnessed incredible development. Traditional motor designs and installations have changed significantly since the advent of smart technologies. This trait is what is driving the industrial motors market share growth. Motors now feature digital technology to improve their adaptability and capabilities. Motors can be connected with intelligent motor controllers and cutting-edge communication capabilities to improve performance and gain operational efficiencies. Smart motors, which reduce downtime and improve process effectiveness, enable predictive machine diagnostics. Smart machinery has replaced traditional machinery as a result of the Internet of Things (IoT), which provides a higher return on investment than conventional motors. The use of smart motors is encouraged by this factor. Vendors are now able to create smart motors with lower energy consumption, more efficiency, and cheaper costs because of technological improvements. Smart motor suppliers assert that a 40% reduction in energy consumption is possible. This feature is causing a rise in the demand for industrial motors For instance, in 2022, TMEIC Asia Pte. Ltd introduced the Smart Motor Sensor "TMASMS," a high-performance predictive maintenance platform for electric motors that is based on artificial intelligence (AI). Sales started in March 2022 due to a channel partner agreement with American-based Analog Devices, Inc. As an example, Siemens low-voltage motors now support smart motor technology. Each had a smart box with built-in sensors, a Wi-Fi connection module, and a power supply that was attached to the motor's top. An inexpensive cloud connection is possible by connecting this to MindSphere. Predictive maintenance and analysis of motor status data are benefits. To view all user data, MindTap is also employed. Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
4.1. INDUSTRIAL MOTORS MARKET – DRIVERS (3/5) Growing preference for smart motors On 21st April 2022, Moog Animatics launched a new Class 6 D-style SmartMotor line. This brand-new SmartMotorTM enhances the functionality of the already highly programmable servosystem, integrating motor, multiturn absolute encoder, amplifier, and controller. A wide range of communication options are also available, including USB, dual-port Industrial Ethernet (EtherCAT®, PROFINET®, Ethernet IP), as well as traditional RS-232/RS-485 and CAN connections. The new Class 6D offers a more compact design, reduced overall costs, and design simplicity that is difficult to match on the market. As a result, machine development costs and build times can be significantly reduced. Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 05 INDUSTRIAL MOTORS MARKET - BY STRATEGIC ANALYSIS Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
5.1. VALUE CHAIN ANALYSIS (1/2) Iron and Steel (ArcelorMittal, Baosteel) Electrical Steel (ARMCO, Nippon Steel Corporation) Copper Supply ( Tinto, Asarco) Electric Components: Circuit Boards, Diodes, etc. (ABB, Rockwell Automation) Metal Castings (Arconic, Leggett & Platt, Alcast Technologies) Copper Wire (Rea Magnet Wire, Alconex) Scrap Copper Collectors & Processors (Schnitzer Steel Industries, Johnson Matthey PLC) Other Raw Materials Magnets Aluminum Fan Shaft Mechanical Component Bearings Insulating Material Power Industry, Oil and Gas Industry & Other end users Generation Materials Suppliers Manufacturi ng & Assembly System Integration & Installation Certification Industrial Users Retailers and Distributors Customers (End Users) Manufacturing Industries ( Toyota, Daimler, BMW, Sony) Process Industries Pfizer, Bayer, DuPont) Water and Management Drive Manufacturers (ABB, Siemens) Motor Manufacturers (Baldor Electric, Emerson Electric, Cummins) Application Users Gardner Denver, Atlas Copco) Control Systems (ABB, Siemens, Honeywell International) Equipment Redi Takenaka Corporation System Integrators (Bechtel Group, IHI Corporation) Manufacturers Services, ( International Distributors(Grainger, Apex Industrial, ESSCO) Regional and third party suppliers MAN AG, (3M, (General Electric, Waste Copyright ©2024 IndustryARC Source: IndustryARC Analysis | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
5.1. VALUE CHAIN ANALYSIS (2/2) Industrial motors have five stages that include the supply of raw materials, manufacture and assembly, system integration and installation, industrial users, retailers and distributors (suppliers), and customers (end users). Metals and rubber used for wires, such as steel, copper, and aluminum, as well as shafts, bearings, insulating materials, and other electrical and mechanical parts, are examples of raw materials. Equipment designs are determined by original design manufacturers (ODMs). OEMs are responsible for the equipment's manufacturing, assembly, system integration, and installation. Equipment is manufactured, certified by organizations like ISI and IEEE, and then given to industries. From industries, equipment is provided to end users through distributors or suppliers. Due to their technical expertise, an extensive global network of service facilities, and field engineering capabilities, manufacturers of motors and drives have an advantage in this industry. However, they face fierce competition in expanding countries like Asia-Pacific. The ability to supply multi-vendor make services helps pure play service providers, who do not produce the equipment, stay competitive. Some motor and drive manufacturers have recently expanded their service offerings to include servicing of devices from other manufacturers, either by creating the expertise or acquiring suitable businesses. Also, there has been a recent trend in the servicing landscape for electric motors and drives where customers want a Copyright ©2024 IndustryARC single service provider. By doing this, they can focus on output since administrative expenses and operational irregularities are reduced. | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 09 INDUSTRIAL MOTORS MARKET - BY APPLICATIONS Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
9.1 OIL & GAS (1/1) The market for industrial motors in the oil and gas industry is Oil & Gas: Industrial Motor Market, 2022-2028 ($M) driven by several factors, including the increasing demand for energy, the growing number of oil and gas exploration projects worldwide, and the need for reliable and efficient equipment that can operate in harsh and challenging environments. For instance, the Indian government established Project Development Cells (PDCs) in a number of ministries or departments in 2020 to entice foreign investment. PDCs facilitate access for investors to the Indian oil and gas market. Thus, the market for industrial motors is anticipated to grow as global oil and gas exploration projects are increasing. In addition, the oil and gas sector is moreover regarded as one 2022 2023 2024 2025 2026 2027 2028 of India's eight essential industries. It is one of the major contributors to the global industrial motor market. It is projected that the oil and gas sector will continue to expand during the forecast period. Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
9.1.1 UPSTREAM (1/1) The development of new oil and gas fields, increasing demand for Upstream: Industrial Motor Market, 2022-2028 ($M) enhanced oil recovery techniques, and the growing adoption of 0 digital technologies in the industry are some of the key drivers of the industrial motor market in the upstream oil and gas industry. 0 For instance, since the Paris Agreement, the UK government has provided £13.6 billion ($18.1 billion) in subsidies to the oil and gas 0 sector. As well. In addition, upstream and private sector refining projects have received 100% Foreign Direct Investment (FDI) 0 from the Indian government. It is projected that rising government subsidies will fuel the industrial motors market. 0 In addition, the International Energy Agency (IEA) reports that investments in the upstream oil and gas sector increased by 2% 0 between 2018 and 2019, or $473 billion to $483 billion. The 2022 2023 2024 2025 2026 2027 2028 market is projected to rise as a result of rising investments in the upstream oil and gas sector and the increased attention being paid to decreasing emissions. Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 10 INDUSTRIAL MOTORS MARKET - BY GEOGRAPHY Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
10.4.1 CHINA(1/1) The growth of the industrial motors market in China is driven by several factors, including the country's rapid industrialization, the expansion of its manufacturing sector, and the government's focus on promoting energy efficiency and reducing carbon emissions. China has one of the world’s largest markets for AC induction motors coupled with rising demand for industrial machinery and mandated usage of energy-efficient production techniques in the country. According to International Trade Administration, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. Based on data from the Ministry of Industry and Information Technology, over 25 million vehicles were sold in 2020, including 19.99 million passenger vehicles, down 6.5% from 2019. Commercial vehicle sales reached 5.23 million units, an increase of 20% from 2019. China: Industrial Motor Market Revenue, 2022-2028 ($M) 022 2023 2024 2025 2026 2027 2028 Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
CHAPTER - 12 INDUSTRIAL MOTORS COMPANY PROFILES Copyright ©2024 IndustryARC | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
12.6. EMERSON ELECTRIC CO (1/2) Emerson Electric Co: Product portfolio Brand Motor Type Description Business Overview Emerson Electric Co Description AC Motors (Single-Phase and Asynchronous Motors) High reliable and efficient motors used industries such as F&B, paper & pulp, O&G, metals others. performance, Three-Phase Established Year Headquarters 1890 U.S. for Leroy-Somer Employees (2022) 85,500 and Automation Solutions DC Motors Revenue (2022) Website $19,629M www.emerson.com Europe AspenTech Americas Climate Technologies Financials: Emerson Electric Co, Revenue, 2020-2022 ($M) Emerson Electric Co, Revenue Share, By Segment, 2022 (%) Emerson Electric Co, Revenue Share, By Geography, 2022 (%) Asia Pacific, Middle E… Tools & Home Products 0 0 0 Copyright ©2024 IndustryARC 0 0 Source: Company News and Press Releases 2020 2021 2022 | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
12.6. EMERSON ELECTRIC CO (2/2) Emerson Electric Co: Developments Month & Year Approach Description operations technology software provider, which expands and strengthens Automation Solutions' opportunity to treat customers in the global power industry and other end markets improve and digitise operations to more easily integrate renewable energy sources and improve power efficiency and Emerson acquired three businesses, two in the Automations Solutions segment and one in the Climate Technologies segment. Emerson added new G10 TUGGER that features a two speed custom designed motor that is capable of continuously pulling up to 8,000 pounds and a maximum pulling force of 10,000 pounds. The improved motor helps increase productivity by reducing downtime, while the forceindicatordisplayhelpspreventdamagetothepullerandcable Emerson acquired several smaller businesses to expand its Automation Solutions product Automation Solutions (General Electric's former Intelligent Platforms business). software portfolio and September, 2021 Acquisition September, 2020 Acquisition July 2020 Product Launch portfolio, including Machine September, 2019 Acquisition Copyright ©2024 IndustryARC Source: Company News and Press Releases | | | Buy Now sales@industryarc.com Inquiry Before Buying +1 518 282 4727
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