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Industrial Motor
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Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Industrial Motors Market Size and Trend
  • Key Global Supplier Profiles
  • Cost Structure Analysis
  • Cost Structure–Medium Voltage Motor
  • Price Driver Analysis

Market Size

Market Size North America

$10.5 Bn

Market Size Asia Pacific

$20.5 Bn

Market Size Latin America

$4.1 Bn

Table of contents

  1. Industrial Motors Executive Summary
  2. Category Landscape
  3. Regional Market Outlook
  1. Industrial Motors Market Analysis
  2. Market Maturity
  3. Market Size and Trend
  4. Drivers and Constraints
  5. Regional Market Outlook
  6. Porter'sFive Forces Analysis
  1. Industrial Motors Supply Analysis
  2. Supply Market Outlook
  3. Key Player Market Share
  4. Supplier Profile
  5. Top 5 Suppliers Profile and SWOT Analysis
  1. Cost Structure Analysis
  2. Price Driver Analysis
  3. - Copper
  4. - Pig Iron & Ferrous Scrap
  5. - Electricity
  6. - Carbon Steel
  7. - Grain Oriented Electrical Steel
  8. - Labor
  1. Industrial Motors Procurement Best Practices
  2. Sourcing Channels
  3. Procurement Practices

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Global Industrial Motors Market Outlook

APAC will continue to dominate the market in terms of driving the demand for industrial motors.Increasing demand from industrial consumers in the emerging and developed countries backed by increasing investment in infrastructural development is expected to drive the industrial motors demand globally. Also, regulations governing the replacement of existing motors with premium efficiency motors especially in North America and Europe is further expected to drive the demand for industrial motors

industrial-motors-market-size

Global Industrial Motors Market Overview

Increasing demand from downstream industries is expected to be the primary driver for increase in the global industrial motor sales, especially in the emerging economies. In the developed economies, regulations demanding that consumers upgrade to higher efficiency motors will boost motor sales

Industrial Motors Market Size and Trend

  • The global industrial motors market was estimated to be around $ 51.6 billion in 2017 and is expected to reach $ 51.6 billion by 2019, growing at a CAGR of 6-7 percent during 2016-2019.
  • Global industrial motors production accounts for about 2 percent of the global electric motors production in 2013 but accounted for $ 40 billion (42 percent) of $ 95 billion global electric motors market in 2013. This can be accounted to the relatively higher average price of industrial motors compared with that of non-industrial motors
  • The global replacement demand forms a considerable portion of the overall industrial motors demand. With the increasing legislative norms, the market for replacements and repairs is expected to grow, especially in emerging economies
  • The major end-user applications for industrial motors are pumps, blowers, industrial fans, material handling and processing applications
  • The number of industrial motors shipped in 2013 was estimated to be around 193 million units and is expected to reach 257 million units by 2019, growing at a CAGR of 4-5 percent between 2014-2019
  • Integral horsepower motors (i.e. units above 0.75 KW) dominates the industrial motors segment and holds a market share of around 57 percent
  • In most of the developed markets, like North America and Europe, retrofit and replacement are expected to drive the demand for IHP motors
  • For higher operational excellence and enhanced return on investments, there is an increased preference by industrial users for custom made motors compared to standard motors due to space constraints and extreme operating conditions. Industries like mining, cotton and pulp and paper industries are expected to drive the demand for custom made motors

Global Industrial Motors Drivers and Constraints

Drivers

  • Increasing demand from downstream industries is expected to be the primary driver for increase in global industrial motor sales
  • Regulations demanding that consumers upgrade to higher efficiency motors will boost motor sales in relevant geographies. Most geographies are expected to switch to premium efficiency motor systems by 2017
  • Energy costs account for around 96 percent of the total lifetime costs of running electric motors. With increase in energy prices globally, there would be an increased demand for higher efficiency electric motors
  • Development of new electric motor technologies is expected to boost use of such products in new applications. Major manufacturers are increasing spend on R&D so as to differentiate their products from those of competitors

Constraints

  • Various barriers to adoption of high efficiency industrial motors involve customer sentiment such as buyers being cost oriented and focusing on short term savings as opposed to life cycle cost assessments. Further, motor users prefer to repair the existing motors rather than replace them, due to concerns regarding costs and production downtimes
  • High competition among industrial motor manufacturers leads to low profit margins within the industry, and coupled with product lifecycle which is typically over 15 years, this restricts the growth of smaller manufacturers, especially in emerging markets. Such suppliers typically compete on price terms, which affects the quality of the products they manufacture

Industrial Motors Market Overview

  • Global industrial motors market is highly raw material intensive with the raw materials contributing to around 50 percent of the total industrial motor cost.
  • Copper and steel are the major raw materials and are abundantly available which makes the supplier power low.
  • Currently, there is no technology or product which provides an alternative solution to industrial motor for a buyer.
  • However, within the electric motor market threat of substitution is high. The low efficient motors could be substituted with higher efficiency motors and AC motors can be substituted with PM motors or Sync motors in few applications.
  • Industrial motor market has high barriers to entry as the segment is capital intensive and is required to comply with regulations.
  • Industry motor manufacturers are required to have proven credentials in a particular segment and required to be approved by consultants and opinion leaders (like electrical consultants). Without these approvals it is difficult for them to compete against global players.

Why You Should Buy This Report

  • Information about industrial motor market size, overview, trends, electric motor market analysis, and drivers and constraints.
  • Regional industrial motors market outlook for North America, APAC, EMEA, and LATAM regions. 
  • Porter’s five force analysis of the global industry motors market. 
  • Supplier profile and market share of key players in the electric motor market.
  • Cost structure, price driver analysis, price trend and forecast. 
  • Best procurement practices, sourcing channels, etc.


 

 

 

Industrial Motor Market Frequently Asked Questions

  1. What factors are driving the growth of the global industrial motors market?
  2. From Beroe’s industrial motors market report, the factors driving the market growth are - · increasing demand from industrial consumers in the emerging and developed countries backed by increasing investment in infrastructural development · regulations governing the replacement of existing motors with premium efficiency motors, especially in North America and Europe
  1. Who are the top global services providers in the global industrial motors market?
  2. According to Beroe’s report on industrial motors market share of key players, ABB accounts for 12.55 percent of the global motor’s revenue, followed by Siemens at 10.05 percent, WEG at 8.87 percent, TECO Westinghouse 2.79 percent, Hyundai at 2.30 percent and other players at 62.58 percent.
  1. What are the constraints that the global industrial motors market faces?
  2. According to industrial motors market trends and analysis by Beroe, the constraints that the industrial motors market has to face are – · Barriers to adoption of high-efficiency industrial motors due to the buyer’s focus on short term savings rather than life cycle cost assessments · High competition among manufacturers leading to low-profit margins within the electrical motors industry · The typical product life cycle of over 15 years restricts the growth of smaller manufacturers
  1. Are there any barriers to entering the industrial motor market?
  2. Entering into the industrial motor market can be challenging because it is a capital-intensive segment and manufacturing firms have to comply with the regulations. They need to have proven credentials that have to be approved by consultants and opinion leaders like electrical consultants.

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