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Severe Duty Motors Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 150
  • SKU: IRTNTR73875
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The severe duty motors market share is expected to increase to USD 602.59 million from 2021 to 2026, at a CAGR of 4.3%.

This severe duty motors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers severe duty motors market segmentations by end-user (oil and gas industry, chemical and petrochemical industry, water and wastewater industry, metals and mining industry, and others industry) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The severe duty motors market report also offers information on several market vendors, including ABB Ltd., Bharat Bijlee Ltd., Brook Crompton Group, Crompton Greaves Consumer Electricals Ltd., Elektrim Motors, Havells India Ltd., Kirloskar Electric Co. Ltd., MGM Electric Motors, Mitsubishi Electric Corp., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, Toledo Engineering Co. Inc., Toshiba Corp., WEG Equipamentos Eletricos SA, Wolong ELectric Group, and WorldWide Electric Corp. among others.

What will the Severe Duty Motors Market Size be During the Forecast Period?

Severe Duty Motors Market Size

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Severe Duty Motors Market: Key Drivers, Trends, and Challenges

The growing demand for energy-efficient severe duty motors is notably driving the severe duty motors market growth, although factors such as stagnant growth of the oil and gas and mining industries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the severe duty motors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Severe Duty Motors Market Driver

The growing demand for energy-efficient severe duty motors is one of the key drivers propelling the severe duty motors market growth. There is growing consumption of severe duty motors worldwide as they can perform operations at high speed. Significantly, the growing consumption when coupled with the high cost of electricity has now necessitated end-user industries to pursue energy efficiency measures. On average, 9% of the production cost in any industry is spent on electricity and this number may climb close to 40% in energy-intensive industries. Thus, to reduce energy consumption the end-users are adopting severe duty motors. Such an increasing adoption will drive market growth during the forecast period.

Key Severe Duty Motors Market Trend

Increased upgrading activities of severe duty motors is one of the key severe duty motors market trends fueling the market growth. There is increasing adoption of severe duty motors from various end-user industries due to their operational benefits and inherent features. Nowadays, end-user industries are replacing electric motors with severe duty motors due to their rugged construction, cool operation, high performance, and applications. Thus, industries are prioritizing severe duty motor upgrades to increase the deployment of these motors. Furthermore, the opportunity to upgrade a conventionally deployed motor to severe duty motors can be identified by conducting an installed base evaluation that enlists all the motors. Thus, these increased upgrade activities will fuel the market growth during the forecast period.

Key Severe Duty Motors Market Challenge

Stagnant growth of the oil and gas and mining industries is one of the key factors challenging the severe duty motors market growth. There are decisions taken by developed and developing nations to reduce the use of fossil fuels. This is due to the vision to reduce pollution levels, which have affected investments in the oil and gas sector. At present, only a few countries, such as Iran and Saudi Arabia in the Middle East, have not reduced their production to maintain their volume market share in the global market. Moreover, as the metals and mining and oil and gas industries account for more than 40% of the global severe duty motors market, their stagnant growth will have high implications for the growth of the severe duty motors market during the forecast period.

This severe duty motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global severe duty motor market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the severe duty motors market during the forecast period.

Who are the Major Severe Duty Motors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Bharat Bijlee Ltd.
  • Brook Crompton Group
  • Crompton Greaves Consumer Electricals Ltd.
  • Elektrim Motors
  • Havells India Ltd.
  • Kirloskar Electric Co. Ltd.
  • MGM Electric Motors
  • Mitsubishi Electric Corp.
  • Nidec Corp.
  • Regal Rexnord Corp.
  • Rockwell Automation Inc.
  • Siemens AG
  • Toledo Engineering Co. Inc.
  • Toshiba Corp.
  • WEG Equipamentos Eletricos SA
  • Wolong ELectric Group
  • WorldWide Electric Corp.

 

This statistical study of the severe duty motors market encompasses successful business strategies deployed by the key vendors. The severe duty motors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Global.abb - The company offers severe duty motors which are designed to provide performance and long life in harsh industrial processing applications such as petrochemical plants, mines, foundries, pulp and paper plants, waste management facilities, rock crushers, and chemical plants.
  • Mitsubishielectric.com - The company offers severe duty motors which are ideally suited for the petrochemical industry and the general process industry as their design supports optimum heat dissipation and thus enables very compact dimensions.
  • Nidec.com - The company offers severe duty motors which are constructed to be sturdy and efficient and the construction heavy duty electric motors include features designed to protect against contamination, moisture, vibration, and demanding duty cycles.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The severe duty motors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Severe Duty Motors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the severe duty motors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Severe Duty Motors Market?

Severe Duty Motors Market Market segmentation by region

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48% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the severe duty motors market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising population and improving per capita income of people have given an upsurge to higher consumption habits, which will facilitate the severe duty motors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 severely impacted the regional market. However, the initiation of vaccination drives in the first quarter of 2021 led to the lifting of lockdown restrictions in the region. This has resulted in the restoration of the supply chain, the reopening of manufacturing units, and the resumption of full-fledged production, which has helped the severe duty motor market to gain momentum. Therefore, the market is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the Severe Duty Motors Market?

Severe Duty Motors Market Segmentation

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The severe duty motors market share growth by the oil and gas industry segment will be significant during the forecast period. The global severe duty motors market in the oil and gas industry is expected to experience an increase in year-over-year growth during the forecast period, mainly due to deep-water drilling and production from shale gas reserves, driven by oil and gas prices. Moreover, the exploration of new oil and gas fields and refinery units is expected to drive the market for severe duty motors in the oil and gas industry. Thus, the demand for severe duty motors in the oil and gas industry will increase in conjunction with the expansions in onshore and offshore production activities.

This report provides an accurate prediction of the contribution of all the segments to the growth of the severe duty motors market size and actionable market insights on post COVID-19 impact on each segment.

 

Severe Duty Motors Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.3%

Market growth 2022-2026

$ 602.59 million

Market structure

Fragmented

YoY growth (%)

4.69

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Bharat Bijlee Ltd., Brook Crompton Group, Crompton Greaves Consumer Electricals Ltd., Elektrim Motors, Havells India Ltd., Kirloskar Electric Co. Ltd., MGM Electric Motors, Mitsubishi Electric Corp., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, Toledo Engineering Co. Inc., Toshiba Corp., WEG Equipamentos Eletricos SA, Wolong ELectric Group, and WorldWide 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

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What are the Key Data Covered in this Severe Duty Motors Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive severe duty motors market growth during the next five years
  • Precise estimation of the severe duty motors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the severe duty motors industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of severe duty motors market vendors

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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 End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Oil and gas industry - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Oil and gas industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Oil and gas industry - Year-over-year growth 2021-2026 (%)
    • 5.4 Chemical and petrochemical industry - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Chemical and petrochemical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Chemical and petrochemical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Chemical and petrochemical industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Chemical and petrochemical industry - Year-over-year growth 2021-2026 (%)
    • 5.5 Water and wastewater industry - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Water and wastewater industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Water and wastewater industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Water and wastewater industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Water and wastewater industry - Year-over-year growth 2021-2026 (%)
    • 5.6 Metals and mining industry - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Metals and mining industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Metals and mining industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Metals and mining industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Metals and mining industry - Year-over-year growth 2021-2026 (%)
    • 5.7 Others industry - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others industry - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 101: ABB Ltd. - Overview
              • Exhibit 102: ABB Ltd. - Business segments
              • Exhibit 103: ABB Ltd. - Key offerings
              • Exhibit 104: ABB Ltd. - Segment focus
            • 10.4 Mitsubishi Electric Corp.
              • Exhibit 105: Mitsubishi Electric Corp. - Overview
              • Exhibit 106: Mitsubishi Electric Corp. - Business segments
              • Exhibit 107: Mitsubishi Electric Corp. - Key news
              • Exhibit 108: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 109: Mitsubishi Electric Corp. - Segment focus
            • 10.5 Nidec Corp.
              • Exhibit 110: Nidec Corp. - Overview
              • Exhibit 111: Nidec Corp. - Business segments
              • Exhibit 112: Nidec Corp. - Key news
              • Exhibit 113: Nidec Corp. - Key offerings
              • Exhibit 114: Nidec Corp. - Segment focus
            • 10.6 Regal Rexnord Corp.
              • Exhibit 115: Regal Rexnord Corp. - Overview
              • Exhibit 116: Regal Rexnord Corp. - Business segments
              • Exhibit 117: Regal Rexnord Corp. - Key offerings
              • Exhibit 118: Regal Rexnord Corp. - Segment focus
            • 10.7 Rockwell Automation Inc.
              • Exhibit 119: Rockwell Automation Inc. - Overview
              • Exhibit 120: Rockwell Automation Inc. - Business segments
              • Exhibit 121: Rockwell Automation Inc. - Key news
              • Exhibit 122: Rockwell Automation Inc. - Key offerings
              • Exhibit 123: Rockwell Automation Inc. - Segment focus
            • 10.8 Siemens AG
              • Exhibit 124: Siemens AG - Overview
              • Exhibit 125: Siemens AG - Business segments
              • Exhibit 126: Siemens AG - Key news
              • Exhibit 127: Siemens AG - Key offerings
              • Exhibit 128: Siemens AG - Segment focus
            • 10.9 Toledo Engineering Co. Inc.
              • Exhibit 129: Toledo Engineering Co. Inc. - Overview
              • Exhibit 130: Toledo Engineering Co. Inc. - Product / Service
              • Exhibit 131: Toledo Engineering Co. Inc. - Key offerings
            • 10.10 Toshiba Corp.
              • Exhibit 132: Toshiba Corp. - Overview
              • Exhibit 133: Toshiba Corp. - Business segments
              • Exhibit 134: Toshiba Corp. - Key news
              • Exhibit 135: Toshiba Corp. - Key offerings
              • Exhibit 136: Toshiba Corp. - Segment focus
            • 10.11 WEG Equipamentos Eletricos SA
              • Exhibit 137: WEG Equipamentos Eletricos SA - Overview
              • Exhibit 138: WEG Equipamentos Eletricos SA - Business segments
              • Exhibit 139: WEG Equipamentos Eletricos SA - Key offerings
              • Exhibit 140: WEG Equipamentos Eletricos SA - Segment focus
            • 10.12 Wolong ELectric Group
              • Exhibit 141: Wolong ELectric Group - Overview
              • Exhibit 142: Wolong ELectric Group - Product / Service
              • Exhibit 143: Wolong ELectric Group - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Severe Duty Motors Market market growth will increase by $602.59 mn during 2022-2026.
              The severe duty motors market market is expected to grow at a CAGR of 4.3% during 2022-2026.
              Technavio has segmented the severe duty motors market market by end-user (Oil and gas industry, Chemical and petrochemical industry, Water and wastewater industry, Metals and mining industry, and Others industry) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              ABB Ltd., Bharat Bijlee Ltd., Brook Crompton Group, Crompton Greaves Consumer Electricals Ltd., Elektrim Motors, Havells India Ltd., Kirloskar Electric Co. Ltd., MGM Electric Motors, Mitsubishi Electric Corp., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, Toledo Engineering Co. Inc., Toshiba Corp., WEG Equipamentos Eletricos SA, Wolong ELectric Group, WorldWide Electric Corp. are a few of the key vendors in the severe duty motors market market.
              APAC will register the highest growth rate of 48% among the other regions. Therefore, the severe duty motors market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the severe duty motors market market growth are:
              • Growing demand for energy-efficient severe duty motors
              • Increased upgrading activities of severe duty motors
              The severe duty motors market market vendors should focus on grabbing business opportunities from the oil and gas industry segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • 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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