Industrial Motors convert electrical energy into mechanical energy, making them the heart of most industrial machinery. These incredibly durable and highly-efficient electric machines are also convenient to use and have a wide range of applications, from conveyors and cranes to hoists and machine tools. ncreasing oil and gas production, technological advancements, and a growing demand for energy-efficient solutions. Increasing demand for energy-efficient motors and government initiatives to address climate change are key factors driving the Industrial Motors market.
The global Industrial Motors Market size was valued at US$ 3,430 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 3.54% from 2023 to 2030.
Key Companies in the Industrial Motors Industry:
1. Elektromotoren GmbH
Elektromotoren GmbH Founded in 1927 and it’s headquarter in Wurttemberg, Germany. The company operates in 140 countries.
2. General Electric Company
General Electric Company, was launch in 1892. And its headquarter located in Boston, Massachusetts, United States. It operate over 150 country. IN 2020 Electric acquired GE's small industrial motors business for USD 160 million.
3. ATB Austria Antriebstechnik AG,
ATB Austria Antriebstechnik AG,was launch in 1986 and it’s headquarter located in Vienna, , Austria, France.it operate over 16 country..
4. Fuji Electric Co. Ltd
Fuji Electric Co. Ltd was launch in 1923 and it’s headquarter located in headquartered in Shinagawa City, Tokyo, Japan, It work in 20 courtiers in word Fuji Electric Co Ltd company overview including funding information, company profile, key statistics, peer comparison and more
5. Franklin Electric Co. Inc
Franklin Electric Co. Inc founded in 1944, with its headquarters in Fort Wayne, Indiana, United States.With businesses in over 12 countries. Franklin Electric has acquired 70 percent of the outstanding stock of Pluga Pumps and Motors Private Limited
6. Siemens AG
Siemens AG.was launch 1847 and its headquarter Munich, Germany .operate over 190 country. Siemens Limited has successfully finalized the purchase of Mass-Tech Controls Private Ltd's electric vehicle (EV) division
7. Maxon Motor AG
Maxon Motor AG was founded in 1961 and its headquarters in, Sachseln, Switzerland. .With businesses in over 40 countries.
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*Definition: Industrial Motors convert electrical energy into mechanical energy, making them the heart of most industrial machinery. These incredibly durable and highly-efficient electric machines are also convenient to use and have a wide range of applications, from conveyors and cranes to hoists and machine tools.
