Global Explosion-proof Electric Motors and Actuators Market 2019-2023

The explosion-proof electric motors and actuators market size will grow by about USD 644 million during 2019-2023. This report offers an analysis of the market based on end-users (oil and gas, C&P, M&M, power, and others) and products (electric motors and actuators). The explosion-proof electric motors and actuators market research report further presents in-depth insights into the growth prospects of the market across the Americas, APAC, and EMEA. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including ABB, Emerson Electric, Flowserve, Rockwell Automation, Siemens, and WEG.

Below are some of the key findings from the explosion-proof electric motors and actuators market analysis report

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Global Explosion-proof Electric Motors and Actuators Industry Overview

The development of smart actuators is one of the critical factors that will boost explosion-proof electric motors and actuators market growth. With the growing adoption of industrial automation, manufacturers are focusing on integrating data analytics for improving overall production efficiency. To enhance data capturing and monitoring capabilities, companies are also focusing on integrating actuators with sensors and other electronic components. Because of the growing need to streamline the manufacturing process, there will be a rise in the adoption of automation among companies. This will further drive the development and adoption of smart actuators, driving market growth. The explosion-proof electric motors and actuators market will grow at a CAGR of almost 5% throughout the forecast period.

Top explosion-proof electric motors and actuators companies covered in this market research report

The explosion-proof electric motors and actuators market is moderately fragmented, and the competitive environment is intense. By providing a detailed analysis of the market's competitive landscape and with information on the products offered by companies, this explosion-proof electric motors and actuators market industry analysis report will help clients identify new growth opportunities and design innovative strategies for improving their share in the market.

The report offers a complete analysis of several vendors including:

• ABB
• Emerson Electric
• Flowserve
• Rockwell Automation
• Siemens
• WEG

Explosion-proof electric motors and actuators market segmentation based on geographic regions

• Americas
• APAC
• EMEA

EMEA will contribute to the largest growth of the explosion-proof electric motors and actuators market during the forecast period. Factors such as rising investments in metals and mining and water and wastewater treatment industries, coupled with increasing infrastructural developments will drive the explosion-proof electric motors and actuators market growth in this region.

Explosion-proof electric motors and actuators market segmentation based on end-users

• Oil and gas
• C&P
• M&M
• Power
• Others

The oil and gas industry will be the major end-user to the explosion-proof electric motors and actuators market during the forecast period. The report provides an accurate prediction of the contribution of the various end-user segments to the growth of the explosion-proof electric motors and actuators market size.

Key highlights of the global explosion-proof electric motors and actuators market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the explosion-proof electric motors and actuators market during the next five years
• Precise estimation of the global explosion-proof electric motors and actuators market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the explosion-proof electric motors and actuators industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of explosion-proof electric motors and actuators companies

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