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This research presents the scenario in the global electric motors and electric drives market in 2020 including sales by different geographic regions, motor technologies, power ratings, drive technologies, and by major end-user industries. In addition, the research discusses the latest technology and business trends, latest news about motor and drives manufacturers in 2019 and 2020, competitive revenues and company market shares in 2019.Further, it covers sales revenue segmented by different geographic regions such as North America (NA), Latin America (LATAM), Europe, the Middle East and Africa (MEA), China, India, and Rest of Asia (RoA) by different motor technologies such as alternating current (AC) motor, direct current (DC) motor, electronically commutated (EC) or brushless motor, servo and stepper motor; different motor power ratings; drive technologies such as AC drives, DC drives, and servo drives; and drive voltage ratings, such as low-voltage (LV) drives and medium-voltage (MV) drives.End-user industries covered are oil & gas (O&G), metals & mining, electric power generation, chemicals & petrochemicals, food & beverage (F&B), water & wastewater treatment (WWT), heating, ventilation & air conditioning (HVAC) – this segment is included only for the electric drives market, discrete industries (manufacturing of automotive, aerospace, defense, electronics, semiconductors), other process industries, and medical devices & building automation (MD&BA) – this segment is included only for the electric motors market.Competitor analyses and market shares for 2019 have been provided by region, motor technology and motor power rating (fractional horse power (FHP) motor), low-voltage integral horse power (LV IHP) motor and high-voltage integral horse power (HV IHP) motor). Similarly, competitor analysis for the drives market has been provided by region, drive technology and drive voltage rating.Major motor suppliers covered in the research include ABB (includes Baldor), Siemens AG, Nidec Corporation, WEG, Regal Beloit Corporation, Wolong Electric, TECO Electric & Machinery and Toshiba Industrial Corporation. The major drives suppliers covered are ABB, Siemens AG, Danfoss, Schneider Electric, Rockwell Automation and Yaskawa Electric.Globally, WWT, F&B and O&G are expected to be the fastest growing segments for AC motors in 2020. Pumps, compressors, mixers and aerators are expected to remain the most common applications for AC motors.Sales to OEMs manufacturing industrial robots, fans, pumps and medical devices are expected to remain the largest applications for EC motors in 2020. Continued growth in the sales of industrial robots, growth in the adoption of more energy-efficient pumps and a preference for noiseless operation will drive the adoption of EC motors.Investments into mining and metal processing are expected to aid the sales of DC motors; however, the sales volume of these motors is expected to be lower than the 2019 level.
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Global Electric Motors and Electric Drives Market Outlook, 2019
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