LONDON--(BUSINESS WIRE)--#GlobalIndustrialHighVoltageMotorsMarket--Technavio has been monitoring the industrial high voltage motors market and it is poised to grow by USD 1.01 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

• Based on segmentation by end-user, which is the leading segment in the market?

• The oil and gas industry are expected to be the leading segment based on end-user in the global market during the forecast period.

• What are the major trends in the market?

• Demand of smart sensors with industrial high voltage motors is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 1.01 billion.

• Who are the top players in the market?

• ABB Ltd., CG Power and Industrial Solutions Ltd., General Electric Co., Hitachi Ltd., Meidensha Corp., Nidec Corp., Regal Beloit Corp., Siemens AG, Toshiba International Corp., and WEG Equipamentos Eletricos SA. are some of the major market participants.

• What are the key market drivers and challenges?

• Use of customized industrial high voltage motors is one of the major factors driving the market. However, the need to comply with strict regulations restraints the market growth.

• How big is the APAC market?

• The APAC region will contribute 51% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., CG Power and Industrial Solutions Ltd., General Electric Co., Hitachi Ltd., Meidensha Corp., Nidec Corp., Regal Beloit Corp., Siemens AG, Toshiba International Corp., and WEG Equipamentos Eletricos SA are some of the major market participants. The use of customized industrial high voltage motors will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Industrial High Voltage Motors Market 2020-2024: Segmentation

Industrial High Voltage Motors Market is segmented as below:

• End user
  • Oil and Gas Industry
  • Chemicals and Petrochemicals Industry
  • Utilities Sector
  • Water and Wastewater Treatment Industry
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America

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Industrial High Voltage Motors Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial high voltage motors market report covers the following areas:

• Industrial High Voltage Motors Market Size
• Industrial High Voltage Motors Market Trends
• Industrial High Voltage Motors Market Analysis

This study identifies demand of smart sensors with industrial high voltage motors as one of the prime reasons driving the industrial high voltage motors market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Industrial High Voltage Motors Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist industrial high voltage motors market growth during the next five years
• Estimation of the industrial high voltage motors market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial high voltage motors market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial high voltage motors market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Oil and gas industry - Market size and forecast 2019-2024
• Chemicals and petrochemicals industry - Market size and forecast 2019-2024
• Utilities sector - Market size and forecast 2019-2024
• Water and wastewater treatment industry - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• CG Power and Industrial Solutions Ltd.
• General Electric Co.
• Hitachi Ltd.
• Meidensha Corp.
• Nidec Corp.
• Regal Beloit Corp.
• Siemens AG
• Toshiba International Corp.
• WEG Equipamentos Eletricos SA

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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