DUBLIN, November 20, 2017 /PRNewswire/ --
The "Industrial Motors Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
Global industrial motors market is projected to grow at a CAGR of 5.00% over the forecast period to reach US$100.481 billion by 2022, increasing from US$78.711 billion in 2017.
Rising industrial production across the globe is escalating the growth of industrial motors market. Stringent energy standards and growing prices of electricity are further boosting the demand for energy-efficient industrial motors for various applications. Growing awareness regarding depletion of water resources and thus, rising need for water recycling globally will attribute to the growth of industrial motors market in the forthcoming years.
APAC industrial motors market is anticipated to grow at the fastest growth rate owing to rapid industrialization, infrastructure development in countries such as China and India, growing end-use industries such as automotive, food and beverage, and mining, and strict regulations in the wastewater management sector. Factors such as a high price of industrial motors than conventional motors coupled with high installation costs will hinder the growth of global industrial motors market during the forecast period.
By Motor Type
- Direct Current (DC)
- Alternating Current (AC)
- High Voltage
- Medium Voltage
- Low Voltage
By Industry Vertical
- Oil and Gas
- Food and Beverage
- Pulp and Paper
- Water and Wastewater
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Industrial Motors Market Forecast by Motor Type (US$ billion)
6. Industrial Motors Market Forecast by Voltage (US$ billion)
7. Industrial Motors Market Forecast by End User Industry (US$ billion)
8. Industrial Motors Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- Emerson Electric Co.
- Rockwell Automation
- Schneider Electric
- Toshiba Corporation
- Fuji Electric
For more information about this report visit https://www.researchandmarkets.com/research/qfb6r9/industrial_motors
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SOURCE Research and Markets