Industrial Motors are used in various industries to reduce operational cost and increase productivity. These industrial motors are used in machines such as conveyor belts, fans, compressors, and pumps. A Motor consists of two parts: a rotor and a stator. The rotor is the mobile part that produces the mechanical energy and the stator is the stationary part that supplies the magnetic field to rotate the rotor. Regardless of their application, industrial motors must have a reliable, efficient power source and be able to handle the harsh environments in which they operate. This means that motors must be backed by excellent parts and routine maintenance.

Market Dynamics:

The growth of the Industrial Motors market is driven by the rising demand for automation in manufacturing industries. The adoption of industrial automation systems has increased significantly, as it enables companies to achieve higher levels of efficiency and productivity.

However, high cost and portability issues of industrial motors is expected to hamper growth of the global industrial motors market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global industrial motors market, and provides market size (US$ 4,530 Million) and compound annual growth rate (CAGR 3.54%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global industrial motors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Menzel Elektromotoren GmbH, General Electric Company, ATB Austria Antriebstechnik AG, ABB Ltd., Fuji Electric Co. Ltd., Allen-Bradly Co. LLC (Rockwell Automation Inc.), Franklin Electric Co. Inc., Siemens AG, Maxon Motor AG, Amtek Inc., Nidec Corporation, Arc Systems Inc., Toshiba International Corporation, Johnson Electric Holdings Limited, and Emerson Electric Co.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global industrial motors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial motors market

Detailed Segmentation:

• Global Industrial Motors Market, By Type of Motor
  • Alternating Current (AC) Motors
  • Direct Current (DC) Motors
  • Other Types of Motors
• Global Industrial Motors Market, By Voltage
  • High Voltage
  • Medium Voltage
  • Low Voltage
• Global Industrial Motors Market, By End User
  • Oil and Gas Power
  • Generation
  • Mining and Metals
  • Water and Wastewater Management
  • Chemicals and Petrochemicals
  • Discrete Manufacturing
  • Other End users
• Global Industrial Motors Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • General Electric Company
  • ABB Ltd.
  • Allen-Bradly Co. LLC (Rockwell Automation Inc.)
  • Siemens AG
  • Amtek Inc.
  • Arc Systems Inc.
  • Johnson Electric Holdings Limited
  • Emerson Electric Co.
  • Toshiba International Corporation
  • Nidec Corporation
  • Maxon Motor AG
  • Franklin Electric Co. Inc.
  • Fuji Electric Co. Ltd.
  • ATB Austria Antriebstechnik AG
  • Menzel Elektromotoren GmbH