Global Integral Horsepower Motors Market

[Aarti Ghodke]

Global Integral Horsepower Motors Market size is expected to reach US$ XXBn. by 2026 from US$ XXBn. in 2019, at a CAGR of 5.5% during the forecast period.

 

The report focuses on the integral horsepower motors market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis.

 

A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.

Global Integral Horsepower Motors Market Introduction and Market scenario:

 

Integral horsepower motors are electrical motors with a horsepower rating of 1 or above. These motors are highly energy-efficient and used across various application areas includes refrigeration, heating & cooling, air conditioning, swimming pools, industrial applications, and commercial HVAC among others. The integral horsepower motors market is expected to grow during the forecast period. The rising global awareness to save energy is the main driving factor for the integral horsepower motors market growth.

 

Most of the industries are using integral horsepower motors to save on their electrical expenditures and hence reducing their operating costs. The increasing demand for automotive and growing industrial applications in both developed and developing countries like European Regions and North America are other factors that are expected to boost the market. Additionally, the changing government regulation in Europe and North America markets is promising the use of energy-efficient motors.

 

For instance, the U.S. Division of Energy has been regulating energy efficiency for electric motors since 1997, when the Energy Policy Act came full circle, requiring generally 1 to 200 HP general-purpose motors to fulfill NEMA Energy Efficiency guidelines. From that point forward, the DOE energy efficiency regulations have changed, with the Energy Independence and Security Act (EISA) of 2007 upping the efficiency requirements for 1-200 general-purpose motors to the new NEMA Premium Efficiency levels and adding the requirement for certain 201 to 500 HP motors to satisfy NEMA Energy Efficiency standards.

 

The ongoing industrialization in developing countries like China and India is expected to generate a significant opportunity for the integral horsepower motors market. Also, the schemes introduced by governments motivate the companies to upgrade their motors for higher efficiency, which also acts as an opportunity for the integral horsepower motors market.

 

On the other hand, the high costs related to the installation and maintenance of these machines are also a factor that may obstruct the revenue growth of the global integral horsepower motors market during the forecast period.

COVID-19 Impact on the Global Integral Horsepower Motors Market:

 

In the recent COVID-19 outbreak, the operations of various industries have either been temporarily stopped or are functioning with minimal employees due to compulsory lockdowns and forced restrictions by respective governing bodies. The global integral horsepower motors market is no different, and this factor is expected to have a considerably negative influence on the revenue growth of the integral horsepower motors industry.

Global Integral Horsepower Motors Market Segment Overview:

 

The integral horsepower motors market is segmented into types and applications. By type, the integral horsepower motors are classified into small, medium, and large motors. Among these, the medium voltage motors are expected to hold the largest market share of XX% by 2026, at the highest CAGR of XX% during the forecast period (2020-2026). This growth is mainly attributed to new technologies and infrastructure investments that produce a constant demand for medium voltage motors.

 

In terms of application, the integral horsepower motors market is segmented into automotive industries, mining, power generation, food and beverages, and HVAC segments. Among these, the automotive industry is expected to hold the largest market share of XX% by 2026. This is mainly because the automotive industry has more application for integral horsepower motors.

 

Global Integral Horsepower Motors Market

 

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Global Integral Horsepower Motors Market Regional Insights:

 

The integral horsepower motors market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Among these, North America held the largest market share of XX% in the global integral horsepower motors market in 2019. Because of the presence of prominent players in the developed countries in North America like the U.S. and Canada. Europe is the second-largest market, thanks to the countries in Europe for early adopters of technologies and steady growth in this recent crisis.

 

The Asia Pacific is expected to grow at the highest CAGR of XX% during the forecast period, because of the presence of emerging countries such as India and China who are aiming at constant industrialization.

 

Global Integral Horsepower Motors Market

 

The objective of the report is to present a comprehensive analysis of the Global Integral Horsepower Motors Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

 

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

 

The report also helps in understanding the Global Integral Horsepower Motors Market dynamics, structure by analyzing the market segments and project the Global Integral Horsepower Motors Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Integral Horsepower Motors Market make the report investor’s guide.

Global Integral Horsepower Motors Market Scope: Inquire before buying

 

Global Integral Horsepower Motors Market

Global Integral Horsepower Motors Market, by Region

 

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Global Integral Horsepower Motors Market Key Players

 

• ABB Ltd
• Brook Crompton
• Allied Motion Technologies
• ARC Systems
• Danaher Corporation
• Rockwell Automation
• TECO Westinghouse
• Toshiba Corporation
• Siemens AG
• Emerson Electric
• Regal Beloit
• Circor International, Inc.
• General Electric Company
• Hitachi Ltd.
• Hyundai Heavy Industries Co., Ltd.
• Mitsubishi Electric Corporation
• Nidec Corporation
• Sumitomo Heavy Industries Ltd.
• WEG SA
• Others

 

 

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