Electric Motors Accessories Market by Channel, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023

Pages: 174

SKU: IRTNTR75307

Snapshot

The electric motors accessories market size is estimated to grow at a CAGR of 5.43% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,160.06 million. The growth of the market depends on several factors, such as the growing use of electric motors accessories in the automotive sector, government subsidies and incentives for Electric Vehicles, and increasing demand for synchronous motors for energy efficiency.

This report extensively covers market segmentation by channel (aftermarket and OEM), end-user (automotive, household appliances, HVAC, industrial machinery, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Electric Motors Accessories Market During the Forecast Period?

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Technavio’s Exclusive Electric Motors Accessories Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Electric Motors Accessories Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Government subsidies and incentives for electric vehicles is the key factor driving the global electric motors accessories market growth. Government funding, incentives, and subsidies to boost EV manufacturing and adoption are influencing market growth. The US government has taken several initiatives to promote consumer acceptance of electric vehicles. The development of energy-efficient electric motor accessories is driven by stringent design and manufacturing requirements, significantly boosting the growth of the market. The expansion of the industrial and construction sectors and increasing government focus on introducing energy-efficient motors are responsible for the high demand for electric motor accessories worldwide.

Consumers and governments are investing heavily in electric vehicle(EV) adoption, which is driving the growth of the EV market globally. For example, according to the International Energy Agency (IEA), consumer spending on electric vehicles will reach USD 249 billion in 2021, while government spending will reach USD 28 billion. This will increase the use of electric motor accessories in the electric vehicle segment. Additionally, governments in many countries offer subsidies and other rewards to encourage the purchase of electric vehicles. The increasing trend of electric vehicles is also expected to contribute to the growth of electric motor accessories during the forecast period.

Significant Trends

Increasing demand for HVAC systems will fuel the global electric motors accessories market growth. Demand for HVAC systems is increasing from residential, commercial, and industrial end users as these systems maintain indoor air quality and provide thermal comfort. They are one of the basic components of modern infrastructure, especially for large offices and shopping complexes. Electric motor accessories are widely used in HVAC systems to maximize life and performance and achieve high airflow system efficiency. Additionally, the growth of the industrial and commercial sectors in China and India has increased the demand for HVAC systems worldwide. Growing concerns about environmental sustainability coupled with government incentives for energy-efficient HVAC systems are driving HVAC companies to bring green products to market and grow their market share globally.

Another factor driving the production of HVAC systems and positively impacting the demand for electric motor accessories is the increase in residential construction worldwide. Newly released data from the U.S. Census Bureau shows that privately owned housing units approved through building permits increased from 1,094,000 in April 2020 to 1,760,000 in April 2021. Therefore, increasing demand for HVAC systems drives demand for electric motor accessories such as electric motors. Such factors will drive the growth of the market during the forecast period.

Major Challenge

Limitations of power rating can majorly impede the growth of the market. Building high-performance electric motor accessories is very expensive, mainly due to the need for strong permanent magnets to build high-performance motors. Strong permanent magnets are made from rare earth materials such as neodymium, but most of the reserves of such materials are found only in a few countries, such as China and Australia, so prices fluctuate. Several instances of trade wars in which China has restricted exports of rare earth metals have created an imbalance between supply and demand, which has had a significant impact on neodymium prices.

Neodymium is an important raw material for producing strong permanent magnets used in high-rated electric motor attachments. Fluctuations in raw material prices remain a major challenge for the use of high-performance electric motor accessories. Therefore, such factors are expected to have a negative impact on the growth of the market during the forecast period.

Who are the Major Electric Motors Accessories Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers different types of electric motor accessories, such as the D series, under its subsidiary Baldor.

Bodine Electric Co: The company offers parallel shaft gear motors, horsepower gear motors, and motor speed controls. It also offers different types of electric motor accessories such as a 24A brush.

We also have detailed analyses of the market’s competitive landscape and offer information on 18 market vendors, including:

The report offers, clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.

Electric Motors Accessories Market Segmentation by Channel, End-user, and Geography

Channel Analysis

The aftermarket segment will contribute a major share of the market, due to consumer awareness about the maintenance and repair to extend the useful life of products such as vehicles, appliances, and water pumps. The aftermarket segment showed a gradual increase in market share with USD 1,777.78 million in 2017 and continued to grow until 2021. Aftermarket electric motor accessories refer to the manufacture, remanufacture, distribution, redistribution, retail, resale, and installation of electric motor accessories. Aftermarket involves replacing electric motor accessories after the sale to maintain efficiency and mobility throughout the life of the electric motor. There is a chain of electric motor accessory operators that includes multi-brand repair shops, technical information providers, parts distributors, tool manufacturers, parts manufacturers, and roadside assistance providers.

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Vehicle life expectancies are increasing due to improvements in the materials and techniques used in vehicle manufacturing, including electric motor accessories. Vehicles are now of uncompromising quality. In addition, the number of customers who keep their old cars as spare cars rather than trade them in or sell them is gradually increasing. Demand for replacement repair and maintenance of electric motor accessories from automotive and other end-users due to increasing product aging is a factor expected to drive the growth of the aftermarket electric motor accessories segment during the forecast period.

End-user Analysis

The growth of the global automotive industry is one of the major factors driving the demand for electric motor accessories worldwide. According to the International Trade Administration (ITA), the United States is the world's second-largest market for automobile production and consumption. The recent replacement of the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA) has also had a positive impact on the country's auto industry, boosting the growth of global electric vehicles. The growing interest in the electric vehicle sector will further increase the demand for electric vehicles across the globe during the forecast period. Automakers are looking to improve vehicle efficiency not only when it comes to the engine, but also when it comes to auxiliary systems. This translates into an overall improvement in vehicle fuel efficiency. The energy consumed by accessories such as steering, fuel pumps, and window regulators is ultimately produced by the engine. Electric motor accessories improve the efficiency and performance of auxiliary systems. Electric motor accessories are used in automobile electric power steering systems. The share of this market segment is expected to grow significantly due to the increasing focus on converting automotive mechanical systems into direct drive systems with electric motor accessories.

Regional Analysis

APAC is estimated to contribute 55% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.

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Asia-Pacific dominated the market, accounting for the largest share of sales. This is due to progress in the agricultural sector and massive investment in industrialization by countries such as China, India, South Korea, and Australia. Additionally, the growing production and sales of electric vehicles in countries such as China and Japan and the presence of established OEMs such as Honda Motor Co., Ltd., Hyundai Motor Co., Toyota Industries Co., Ltd., and Nissan Motor Co., Ltd., is expected to spur the market growth of the during the forecast period. The main application of electric motors and their accessories in APAC is in the manufacturing industry and they are widely used in machinery such as pumps, compressors, and conveyors. In countries such as China and India, the demand for electric motor accessories is increasing due to the rapid growth of various industries, from automotive to construction. Moreover, the Asia-Pacific region has seen a significant increase in the adoption of renewable energy sources such as wind, solar, and hydropower. Electric motor accessories play a key role in many of these applications by powering the turbines used to generate electricity. The growing popularity of electric vehicles in the region also contributes to the demand for electric motor accessories.

Covid Recovery Analysis:

In 2020, COVID-19 slowed the growth of several end-user industries, such as automotive, food and beverages, and aerospace and defense industries across the world. Supply chain disruptions and a deep recession were the main factors negatively impacting growth in these consumer industries, especially in the first half of 2020. Some governments increased spending to spur growth in the infrastructure sector and ensure economic recovery from the negative impact of the pandemic. Due to these factors, the market is expected to grow during the forecast period.

Segment Overview

The electric motors accessories market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Channel Outlook (USD Million, 2017 - 2027)
- Aftermarket
- OEM

End-user Outlook (USD Million, 2017 - 2027)
- Automotive
- Household appliances
- HVAC
- Industrial machinery
- Others

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Electric Motors Accessories Market Scope
Report Coverage	Details
Page number	174
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.43%
Market growth 2023-2027	USD 1,160.06 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.93
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 55%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Bodine Electric Co., Brook Crompton UK Ltd., Danfoss AS, ESR Pollmeier Gmbh, Kollmorgen Corp., Lenze SE, MSC Industrial Direct Co. Inc., Nanotec Electronic GmbH and Co. KG, Nidec Corp., Oriental Motor Co. Ltd., Parker Hannifin Corp., Regal Rexnord Corp., Sdtronics Pvt. Ltd., Selec Controls Pvt. Ltd. KB, Siemens AG, TAMAGAWA SEIKI Co. Ltd., TVH Parts Holding NV, WEG Equipamentos Eletricos S.A., and Yaskawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Motors Accessories Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the electric motors accessories market between 2023 and 2027
Precise estimation of the size of the electric motors accessories market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of electric motors accessories market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global electric motors accessories market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global electric motors accessories market 2017 - 2021 ($ million)

4.2 Channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Channel Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Channel

6.1 Market segments
- Exhibit 30: Chart on Channel - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Channel - Market share 2022-2027 (%)

6.2 Comparison by Channel
- Exhibit 32: Chart on Comparison by Channel
- Exhibit 33: Data Table on Comparison by Channel

6.3 Aftermarket - Market size and forecast 2022-2027
- Exhibit 34: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

6.4 OEM - Market size and forecast 2022-2027
- Exhibit 38: Chart on OEM - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on OEM - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on OEM - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Channel
- Exhibit 42: Market opportunity by Channel ($ million)
- Exhibit 43: Data Table on Market opportunity by Channel ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user

7.3 Automotive - Market size and forecast 2022-2027
- Exhibit 48: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

7.4 Household appliances - Market size and forecast 2022-2027
- Exhibit 52: Chart on Household appliances - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Household appliances - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Household appliances - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Household appliances - Year-over-year growth 2022-2027 (%)

7.5 HVAC - Market size and forecast 2022-2027
- Exhibit 56: Chart on HVAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on HVAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on HVAC - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on HVAC - Year-over-year growth 2022-2027 (%)

7.6 Industrial machinery - Market size and forecast 2022-2027
- Exhibit 60: Chart on Industrial machinery - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Industrial machinery - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Industrial machinery - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Industrial machinery - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027
- Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 France - Market size and forecast 2022-2027
- Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 123: ABB Ltd. - Overview
- Exhibit 124: ABB Ltd. - Business segments
- Exhibit 125: ABB Ltd. - Key offerings
- Exhibit 126: ABB Ltd. - Segment focus

12.4 Bodine Electric Co.
- Exhibit 127: Bodine Electric Co. - Overview
- Exhibit 128: Bodine Electric Co. - Product / Service
- Exhibit 129: Bodine Electric Co. - Key offerings

12.5 ESR Pollmeier Gmbh
- Exhibit 130: ESR Pollmeier Gmbh - Overview
- Exhibit 131: ESR Pollmeier Gmbh - Product / Service
- Exhibit 132: ESR Pollmeier Gmbh - Key offerings

12.6 Lenze SE
- Exhibit 133: Lenze SE - Overview
- Exhibit 134: Lenze SE - Product / Service
- Exhibit 135: Lenze SE - Key offerings

12.7 MSC Industrial Direct Co. Inc.
- Exhibit 136: MSC Industrial Direct Co. Inc. - Overview
- Exhibit 137: MSC Industrial Direct Co. Inc. - Product / Service
- Exhibit 138: MSC Industrial Direct Co. Inc. - Key offerings

12.8 Nanotec Electronic GmbH and Co. KG
- Exhibit 139: Nanotec Electronic GmbH and Co. KG - Overview
- Exhibit 140: Nanotec Electronic GmbH and Co. KG - Product / Service
- Exhibit 141: Nanotec Electronic GmbH and Co. KG - Key offerings

12.9 Nidec Corp.
- Exhibit 142: Nidec Corp. - Overview
- Exhibit 143: Nidec Corp. - Business segments
- Exhibit 144: Nidec Corp. - Key news
- Exhibit 145: Nidec Corp. - Key offerings
- Exhibit 146: Nidec Corp. - Segment focus

12.10 Oriental Motor Co. Ltd.
- Exhibit 147: Oriental Motor Co. Ltd. - Overview
- Exhibit 148: Oriental Motor Co. Ltd. - Product / Service
- Exhibit 149: Oriental Motor Co. Ltd. - Key offerings

12.11 Parker Hannifin Corp.
- Exhibit 150: Parker Hannifin Corp. - Overview
- Exhibit 151: Parker Hannifin Corp. - Business segments
- Exhibit 152: Parker Hannifin Corp. - Key news
- Exhibit 153: Parker Hannifin Corp. - Key offerings
- Exhibit 154: Parker Hannifin Corp. - Segment focus

12.12 Regal Rexnord Corp.
- Exhibit 155: Regal Rexnord Corp. - Overview
- Exhibit 156: Regal Rexnord Corp. - Business segments
- Exhibit 157: Regal Rexnord Corp. - Key offerings
- Exhibit 158: Regal Rexnord Corp. - Segment focus

12.13 Siemens AG
- Exhibit 159: Siemens AG - Overview
- Exhibit 160: Siemens AG - Business segments
- Exhibit 161: Siemens AG - Key news
- Exhibit 162: Siemens AG - Key offerings
- Exhibit 163: Siemens AG - Segment focus

12.14 TAMAGAWA SEIKI Co. Ltd.
- Exhibit 164: TAMAGAWA SEIKI Co. Ltd. - Overview
- Exhibit 165: TAMAGAWA SEIKI Co. Ltd. - Product / Service
- Exhibit 166: TAMAGAWA SEIKI Co. Ltd. - Key offerings

12.15 TVH Parts Holding NV
- Exhibit 167: TVH Parts Holding NV - Overview
- Exhibit 168: TVH Parts Holding NV - Product / Service
- Exhibit 169: TVH Parts Holding NV - Key offerings

12.16 WEG Equipamentos Eletricos S.A.
- Exhibit 170: WEG Equipamentos Eletricos S.A. - Overview
- Exhibit 171: WEG Equipamentos Eletricos S.A. - Business segments
- Exhibit 172: WEG Equipamentos Eletricos S.A. - Key offerings
- Exhibit 173: WEG Equipamentos Eletricos S.A. - Segment focus

12.17 Yaskawa Electric Corp.
- Exhibit 174: Yaskawa Electric Corp. - Overview
- Exhibit 175: Yaskawa Electric Corp. - Business segments
- Exhibit 176: Yaskawa Electric Corp. - Key offerings
- Exhibit 177: Yaskawa Electric Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 178: Inclusions checklist
- Exhibit 179: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 180: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 181: Research methodology
- Exhibit 182: Validation techniques employed for market sizing
- Exhibit 183: Information sources

13.5 List of abbreviations
- Exhibit 184: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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