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Global Motors and Drives Market in Process Industries 2016-2020

  • Published: Jun 2016
  • Pages: 63
  • SKU: IRTNTR9714
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The key vendors in the global motors and drives market in process industries are ABB, Danfoss, Rockwell Automation, Siemens, and WEG. This industry research report presents a detailed segmentation of the market by type (drives and motors), by end-user (food and beverage, mining, oil and gas, power, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global motors and drives market in process industries

Market research analysts at Technavio have predicted that the global motors and drives market in process industries will grow steadily at a moderate CAGR of around 7% by 2020. The growing demand for high-quality food products has driven the adoption of advanced refrigeration technologies in the food processing industry. These advanced refrigeration systems comprise of a complete set of automation equipment that requires high-end variable speed motors and drives to run the operation. The exponential rise in global population will subsequently increase the need for these advanced refrigeration systems which in turn will augment the demand for this market in the next four years.

As a result of the shrinking workforce and immigration control, a large number of industries are focusing on investing in factory automation practices. This involves the installation of multiple high-end motors in various applications such as conveyor belts, compressors, and fans. Automated factories will also require smart machinery that can be wirelessly controlled, remotely monitored, and are capable of diagnosing predictive maintenance, this, in turn, will have a positive impact on the growth of this market. This market study report has estimated that APAC will account for a major market share and dominate the market throughout the forecast period. Due to the availability of raw materials and cost-efficient labor, this region has emerged as a low-cost manufacturing hub for process industries, which will fuel the demand for the motors and drives market from this region.

Competitive landscape and key vendors

The market appears highly fragmented due to the presence of several large and small scale vendors. Major companies account for a considerable share of the market and have started undergoing strategic partnerships and channel partners to expand their global presence. Constant technological advancements have induced drives and electric motor manufacturers to invest heavily in R&D to design more affordable and energy-efficient motors and drives. This will result in the introduction of advanced products in the market, which will intensify vendor competition in the next four years.

The leading vendors in the market are -

  • ABB
  • Danfoss
  • Rockwell Automation
  • Siemens
  • WEG

The other prominent vendors in the market are Allied Motion, ARC Systems, Asmo, Emerson CT, Franklin Electric, Fuji Electric, GE, Huali, KEB, Nidec, Schneider Electric, SEW Eurodrive, TECO-Westinghouse, Toshiba, and Yaskawa.

Segmentation by type and analysis of the motors and drives market in process industries

  • Drives
  • Motors

During 2015, the drives segment accounted for approximately 51% of the total market share and dominated this market. Drives are vital components in the construction of energy generation units and the increasing shift towards renewable sources of energy will augment the demand for industrial electric drives. Additionally, the adoption of VFDs (variable frequency drives) in water treatment systems and energy management sectors coupled with the estimated growth of the manufacturing, chemical processing, power generation industrial sectors will also fuel the demand for this market segment.

Segmentation by end-user and analysis of the motors and drives market in process industries

  • Food and beverage
  • Mining
  • Oil and gas
  • Power

According to this market study, the food and beverage segment will dominate the motors and drives market in process industries and will account for almost 37% of the total market share by 2020. The rise in per capita GDP in countries such as India, China, Qatar, Luxembourg, and Singapore is likely to increase the consumption of foods and beverages. This, in turn, will boost the demand for geared motors and drives used for operating ice and beverage dispensing units, food processing conveyors, and confectioner ovens.

Key questions answered in the report include

  • What will the motors and drives market in process industries size and the growth rate be in 2020?
  • What are the key factors driving the motors and drives market in process industries?
  • What are the key motors and drives market in process industries trends impacting the growth of the market?
  • What are the challenges to market growth?
  • Who are the key vendors in the motors and drives market in process industries?
  • What are the market opportunities and threats faced by the vendors in the motors and drives market in process industries?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the motors and drives market in process industries?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Top-vendor offerings
  • Other prominent vendors

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Industry overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by type

  • Segmentation of global motors and drives market in process industries by types
  • Global motors market in process industries
  • Global drives market in process industries

PART 07: Market segmentation by end-user

  • Global motors and drives market in oil and gas industry
  • Global motors and drives market in mining industry
  • Global motors and drives market in power industry
  • Global motors and drives market in food and beverage industry
  • Global motors and drives market in other segments

PART 08: Geographical segmentation

  • Geographical segmentation of motors and drives market in process industries
  • Motors and drives market in process industries in APAC
  • Motors and drives market in process industry in EMEA
  • Motors and drives market in process industries in Americas

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

  • Competitive scenario
  • ABB
  • Danfoss
  • Rockwell Automation
  • Siemens
  • WEG
  • Competition financial results

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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