Industrial Motors Market Size to Reach US$ 29.8 Billion by 2032

IMARC Group, a leading market research company, has recently releases report titled "Industrial Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032." The...
HomeBusiness NewsIndustrial Motors Market Size to Reach US$ 29.8 Billion by 2032

Industrial Motors Market Size to Reach US$ 29.8 Billion by 2032

IMARC Group, a leading market research company, has recently releases report titled “Industrial Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global industrial motors market size, share, trends, growth, report and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. The global industrial motors market size reached US$ 22.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.52% during 2024-2032.

Industry Overview of Industrial Motors Market

Industrial motors are specialized electromechanical devices designed to convert electrical energy into mechanical energy, serving as the driving force behind a wide array of industrial machinery and equipment. They come in various types, such as AC motors, DC motors, and synchronous motors, each tailored to specific applications, ensuring the seamless operation of conveyor belts, pumps, fans, and other essential machinery. These robust and efficient motors play a pivotal role in various sectors, including manufacturing, construction, and agriculture.

Request a free sample of report: https://www.imarcgroup.com/industrial-motors-market/requestsample

What Are The Growth Prospects And Trends In The Industrial Motors Industry?

At present, the rising focus on energy efficiency and sustainability in industrial operations represents one of the key factors supporting the growth of the market. As companies are striving to reduce their carbon footprint and operational costs, there is a growing demand for high-efficiency industrial motors. These motors not only lower energy consumption but also contribute to achieving environmental targets, making them a preferrable choice for businesses looking to optimize their operations while demonstrating corporate responsibility. Moreover, the advent of Industry 4.0 and the Industrial Internet of Things (IIoT) is propelling the growth of the market. In addition, industrial motors are equipped with sensors and data analytics capabilities that enable predictive maintenance and real-time monitoring. This transformative trend not only minimizes downtime but also maximizes productivity, making it a top priority for industries seeking to remain competitive in a rapidly evolving business landscape.

What Is Included In Market Segmentation?

The report has segmented the market into the following categories:

Breakup by Type of Motor:

  • Alternating Current (AC) Motor
  • Direct Current (DC) Motor
  • Others

Breakup by Voltage:

  • Low Voltage
  • Medium Voltage
  • High Voltage

Breakup by End User:

  • Oil and Gas
  • Power Generation
  • Mining and Metals
  • Water and Wastewater Management
  • Chemicals and Petrochemicals
  • Discrete Manufacturing
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including: 

  • ABB Ltd.
  • Brook Crompton
  • Hitachi Ltd.
  • Johnson Electric Holdings Limited
  • Menzel Elektromotoren GmbH
  • Nidec Corporation
  • Regal Rexnord Corporation
  • Rockwell Automation Inc.
  • Siemens AG
  • Toshiba Corporation.

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape