Motor Management Market with New Growth Prospect By Top Key Players
Global Motor Management Market is valued approximately USD 3.4 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.35% over the forecast period 2020-2027. Motor management involves planning ahead, making decisions before a motor fails. The motor management incudes the true cost of operating motors to save energy, reduce downtime and maintenance costs. It is communication network between motors and related components, that collects data via sensors. This data is used to make decision and helps to prevent the assets. The rising demand for smart, multifunctional, integrated motor control and protection devices and need for reducing unplanned industrial downtime are the factors responsible for the growth of the market over the forecast period. Motor Management is used in wide range of industries including Oil & Gas, Metals & Mining, Power Generation, Chemicals, Cement, Food & Beverages, Agriculture, Water Supply and Wastewater Treatment and other industries. Thus, rising demand of motor management from various end- use industries will further drive the market growth. Moreover, the introduction of products and services along with other strategic alliances by various market player will accelerate the market growth. For instance: on 09th September 2020, Analog Devices Inc., launched a wireless battery management system for production electric vehicles, and will also debut on General Motors' production vehicles powered by Ultrium batteries. These will enable automotive industries flexibly scale their electric vehicle fleets into volume production across a wide range of vehicle classes. Also, on 20th January 2020, Analog Devices Inc., agreed into a collaboration with Hyundai Motor Company to launch all-digital road noise cancellation system leveraging Analog Devices Inc., (ADI's) Automotive Audio Bus (A2B(R)) technology. However, lack of awareness regarding motor management and control devices is the factor restraining the growth of the global Motor Management Market over the forecast period of 2020-2027.Click Here to Download Sample Report >> https://www.kennethresearch.com/sample-request-10336558The regional analysis of global Motor Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising replacement of existing control systems with a modern version of motor management devices that would further increase plant efficiency and reduce plant downtime for maintenance. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.Major market player included in this report are:ABB LtdAnalog Devices, Inc.Eaton CorporationGeneral Electric (GE)Hitachi Ltd.Mitsubishi Electric CorporationRockwell AutomationSchneider Electric SESiemens AGTexas Instruments Inc.The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product & service Product & services of key players. The detailed segments and sub-segment of the market are explained below:By Product & service:HardwarSoftware & solution servicesBy Type:Asynchronous MotorsSynchronous MotorsBy Control:Automatic ControlsSemi-automatic controlsManual controlsBy Voltage Range:Low Voltage (60 to 240 Vol AC)Medium Voltage (250 to 395 Volt AC)High Voltage (396 to 485 Volt AC)By Application:PumpsCompressorsMaterial HandlingOther ApplicationsBy Industry:Metal & Mining IndustryOil & gas industryPower generation industryWater supply & water treatment industryFood & beverage industryOthersBy Region:North AmericaU.S.CanadaEuropeUKGermanyFranceSpainItalyROEAsia PacificChinaIndiaJapanAustraliaSouth KoreaRoAPACLatin AmericaBrazilMexicoRest of the WorldFurthermore, years considered for the study are as follows:Historical year - 2017, 2018Base year - 2019Forecast period - 2020 to 2027Target Audience of the Global Motor Management Market in Market Study:Key Consulting Companies & AdvisorsLarge, medium-sized, and small enterprisesVenture capitalistsValue-Added Resellers (VARs)Third-party knowledge providersInvestment bankersInvestorsRequest a Sample Copy of The Report - Chapter 1. Executive Summary1.1. Market Snapshot1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)1.2.1. Motor Management Market, by Region, 2018-2027 (USD Billion)1.2.2. Motor Management Market, by Product & service, 2018-2027 (USD Billion)1.2.3. Motor Management Market, by Type, 2018-2027 (USD Billion)1.2.4. Motor Management Market, by Control, 2018-2027 (USD Billion)1.2.5. Motor Management Market, by Voltage range, 2018-2027 (USD Billion)1.2.6. Motor Management Market, by Application, 2018-2027 (USD Billion)1.2.7. Motor Management Market, by End -use industries, 2018-2027 (USD Billion)1.3. Key Trends1.4. Estimation Methodology1.5. Research AssumptionChapter 2. Global Motor Management Market Definition and Scope2.1. Objective of the Study2.2. Market Definition & Scope2.2.1. Scope of the Study2.2.2. Industry Evolution2.3. Years Considered for the Study2.4. Currency Conversion RatesChapter 3. Global Motor Management Market Dynamics3.1. Motor Management Market Impact Analysis (2018-2027)3.1.1. Market Drivers3.1.2. Market Challenges3.1.3. Market OpportunitiesChapter 4. Global Motor Management Market Industry Analysis4.1. Porter's 5 Force Model4.1.1. Bargaining Power of Suppliers4.1.2. Bargaining Power of Buyers4.1.3. Threat of New Entrants4.1.4. Threat of Substitutes4.1.5. Competitive Rivalry4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)4.2. PEST Analysis4.2.1. Political4.2.2. Economical4.2.3. Social4.2.4. Technological4.3. Investment Adoption Model4.4. Analyst Recommendation & ConclusionChapter 5. Global Motor Management Market, by Product & service 5.1. Market Snapshot5.2. Global Motor Management Market by Product & service, Performance - Potential Analysis5.3. Global Motor Management Market Estimates & Forecasts by Product & service 2017-2027 (USD Billion)5.4. Motor Management Market, Sub Segment Analysis5.4.1. Hardware5.4.2. 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Motor Management Market Size, Share | Global Report, 2027
Japan, Japan, Thu, 29 Apr 2021 00:58:20 / Comserve Inc. / -- Motor Management Market Opportunities, Size, Share, Emerging Trends, Technological Innovation, Forecasts & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)
Global Motor Management Market Overview By Share, Size, Industry Players, Revenue And Product Demand Forecast Till 2025
The global Motor Management Market was valued at USD 2.87 billion in 2016 and is projected to reach USD 4.55 billion by 2025, growing at a CAGR of 5.26% from 2017 to 2025.