INDUSTRIAL MOTORS MARKET ANALYSIS

Regional Analysis

Global Industrial Motors Market: Regional Insights

By regions, the global industrial motors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America is anticipated to show substantial growth in the global industrial motors market during the forecast period, owing to rise in demand for industrial motors as the region is witnessing industrial revolutions across various sectors including aerospace, automotive, and defense among others. Moreover, continuously growing economy of Canada, and the U.S., the manufacturing sector of these country is likely to show significant growth in the near future. This in turn is expected to drive growth of the global industrial motors market in North America during the forecast period. 

Asia Pacific is projected to gain major share in the global industrial motors market over the forecast period. This can be attributed to rapidly transforming manufacturing industry in China, as the country is evolving in its production capabilities from producing low-cost goods to developing highly advanced products. Furthermore, rise in smart manufacturing initiatives in countries such as Japan are also driving the adoption of industrial motors in the region. These factors are thus expected to augment growth of the global industrial motors market across the region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa