Global Industrial High Voltage Motors Market 2018-2022 | Ease of Customization Drives Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Jun 14, 2018-- analysts forecast the global industrial high voltage motors market to register a revenue of around USD 7.195 billion by 2022, according to their latest market research report.

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Technavio has published a new market research report on the global industrial high voltage motors market from 2018-2022. (Graphic: Business Wire)

The replacement of outdated electric motors is one of the major trends being witnessed in the . The emergence of new technology trends such as Industrial Internet of Things (IIoT) has fueled the replacement of traditional electric motors with smart ones. The adoption of smart motors in industries should promote the adoption of high voltage motors in end-user industries during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio analysts highlight the ease of customization in terms of voltage, efficiency, and application as a key factor contributing to the growth of the global industrial high voltage motors market:

Global industrial high voltage motors market: Ease of customization in terms of voltage, efficiency, and application

Manufacturers are increasingly customizing industrial high voltage motors in compliance with the needs of operations. End-users require customized high voltage motors mostly when they cannot determine the difference between the versions of medium voltage and high voltage motors. One of the key solutions that high voltage motors provide is meeting the worldwide energy efficient standards.

According to a senior analyst at Technavio for research on automation, “Customization of available motors helps end-users in managing respective applications. Air-to-air cooled, drip proof, and explosion-proof high voltage motors are a few of the efficient models that require high output, ensuring maximum machine life. This increased their installation in harsh environmental condition.”

Global industrial high voltage motors market: Segmentation and forecast

This market research report segments the global industrial high voltage motors market into the following end-users (oil and gas industry, chemicals and petrochemicals industry, utilities sector, and water and wastewater treatment industry) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the four major end-users, the oil and gas industry segment held the largest market share in 2017, accounting for more than 28% of the market. This segment is anticipated dominate the global market throughout the forecast period.

APAC was the leading region for the global industrial high voltage motors market in 2017, accounting for a market share of around 36%. This region is expected to grow steadily during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET SOFTWARE OTHER TECHNOLOGY

SOURCE: Technavio Research

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PUB: 06/14/2018 12:05 PM/DISC: 06/14/2018 12:05 PM

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