USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Future Growth Potential and Revenue Streams for OEMs Driven by Outcome-based Business Models that Focus on Efficiency
09-Feb-2022
North America
Market Research
K6D0-01-00-00-00
IA01644-NA-MT_26248
This study identifies the most recent economic and technological trends in the global motor services industry and analyzes the short, medium, and long-term growth prospects. It examines how the shifting landscape and evolving end-user expectations are driving demand for smarter motor solutions that solve major obstacles end users confront. Today’s industrial requirements are spurring the adoption of digital solutions across industries and creating new revenue opportunities for OEMs and end users by leveraging the data these solutions collect. The research examines the evolution of motor maintenance, from an in-house service to a predictive analytics-based service. It elaborates on how, as technology use increases, the need for individual service providers will slowly fade as OEMs are offering an array of bundled services to improve their stakeholder management.
The COVID-19 pandemic has created unforeseen challenges for businesses and supply chains globally. OEMs are looking at avenues to create lasting connections with end users by providing motor services that help improve product life cycle. To endure economic challenges and remain relevant in an increasingly competitive global context, digital transformation is becoming vital to organizational strategy across industry verticals. The global pandemic, oil price instability, political conflicts, and climate action have accelerated the need to invest in and integrate Industrial Internet of Things (IIoT) technologies. The great need for end users to reduce total expenditure (TOTEX) and operational expenditure (OPEX) to best navigate through these uncertain economic conditions while also increasing the productivity of their plants to satisfy global demand has boosted demand for digital motor services.
Finally, this research offers three lucrative growth opportunities for the motor services market. Frost & Sullivan identifies these growth opportunities as critical enablers that unlock new revenue streams and deliver differentiated motor products and services.
Research Scope
In this study, motor services include installation and commissioning, training, engineering and consulting, maintenance, provision of spare parts and consumables, replacements, repairs and motor rewinding, advanced services, extensions and upgrades (retrofits), and end-of-life management.
The end-user industries include oil and gas, chemicals and petrochemicals, food and beverage, water and wastewater, metals and mining, power generation, discrete industries, and others (cement manufacturing, pharmaceuticals, agriculture, electronics, marine, pulp and paper, and textiles).
The regions are the Americas; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).
The study period is 2020–2026 and the forecast period is 2022–2026.
Why is it Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Motor Services Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Definitions—Motor Services Market
Definitions—Motor Services Market (continued)
End User Definitions
End User Definitions (continued)
End User Definitions (continued)
Market Segmentation by Region
Key Competitors for Motor Services Market
Key Growth Metrics for Motor Services Market
Competitive Landscape Breakdown
Growth Drivers for the Motor Services Market
Growth Driver Analysis for the Motor Services Market
Growth Driver Analysis for the Motor Services Market (continued)
Growth Restraints for the Motor Services Market
Growth Restraint Analysis for the Motor Services Market
Forecast Assumptions—Motor Services Market
Implications of Covid-19 on the Motors Services Market
Revenue Forecast—Motor Services Market
Revenue Forecast by Region—Motor Services Market
Revenue Forecast by Service Type—Motor Services Market
Percent Revenue by Industry Vertical—Motor Services Market
Revenue Forecast Analysis—Motor Services Market
Revenue Forecast Analysis by Region—Motor Services Market
Percent Revenue Forecast Analysis by Industry Vertical—Motor Services Market
Percent Revenue Forecast Analysis by Industry Vertical—Motor Services Market (continued)
Pricing Trends in the Motor Services Market
Competitive Environment—Motor Services Market
Revenue Share—Motor Services Market
Revenue Share Analysis—Motor Services Market
Key Growth Metrics—Motor Services Market: Americas
Revenue Forecast—Motor Services Market: Americas
Revenue Forecast Analysis—Motor Services Market: The Americas
Key Growth Metrics—Motor Services Market: EMEA
Revenue Forecast—Motor Services Market: EMEA
Revenue Forecast Analysis—Motor Services Market: EMEA
Key Growth Metrics—Motor Services Market: APAC
Revenue Forecast—Motor Services Market: APAC
Revenue Forecast Analysis—Motor Services Market: APAC
Case Study 1: ABB Ability™ Condition Monitoring for Motors
Success Factors for Motor Services Providers
Trends Influencing the Motor Services Market
Growth Opportunity 1: Real-time Monitoring Solutions for Motors
Growth Opportunity 1: Real-time Monitoring Solutions for Motors (continued)
Growth Opportunity 2: Motors as a Service as Additional Revenue Streams for OEMs
Growth Opportunity 2: Motors as a Service as Additional Revenue Streams for OEMs (continued)
Growth Opportunity 3: Bundle Services to Acquire More Customers for Revenue Growth
Growth Opportunity 3: Bundle Services to Acquire More Customers for Revenue Growth (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Motor Services Market: Key Growth Metrics, Global, 2021
- Motor Services Market: Growth Drivers, Global, 2022–2026
- Motor Services Market: Growth Restraints, Global, 2022–2026
- Motor Services Market: Implications of COVID-19, Global, 2020–2026
- Motor Services Market: Revenue Forecast, Global, 2020–2026
- Motor Services Market: Revenue Forecast by Region, Global, 2020–2026
- Motor Services Market: Revenue Forecast by Service Type, Global, 2020–2026
- Motor Services Market: Percent Revenue by Industry Vertical, Global, 2021
- Motor Services Market: Competitive Environment, Global, 2021
- Motor Services Market: Revenue Share of Top Participants, Global, 2021
- Motor Services Market: Revenue Share Analysis, Global, 2021
- Motor Services Market: Key Growth Metrics, Americas, 2021
- Motor Services Market: Revenue Forecast, Americas, 2020–2026
- Motor Services Market: Key Growth Metrics, EMEA, 2021
- Motor Services Market: Revenue Forecast, EMEA, 2020–2026
- Motor Services Market: Key Growth Metrics, APAC, 2021
- Motor Services Market: Revenue Forecast, APAC, 2020–2026
- Motor Services Market: ABB Ability™ Condition Monitoring for Motors—ABB, United States, 2021
- Motor Services Market: Trends, Global, 2021–2026
Speak directly with our analytics experts for tailored recommendations.
Recent related Power Transmission research
06 Aug 2026 | Global | Market Research
Machine Tools Sector, Global, 2023–2030
This study provides an in-depth understanding of the machine tools industry. It discusses the key trends and challenges faced by machine tool manufacturers, in addition to providing forecasts until 2030. The study provides a region-wise breakdown with discussions on key industries. Machine tool manu...
27 Jul 2026 | Global | Technology Research
Advancements in Wide-Bandgap Materials (GaN, SiC, Ga₂O₃) for Power and RF Electronics
This study examines the technology landscape, commercialization progress, and future growth opportunities of wide-bandgap (WBG) semiconductor materials, with a primary focus on silicon carbide (SiC), gallium nitride (GaN), and gallium oxide (Ga₂O₃) for power and RF electronics. It evaluates how thes...
12 Mar 2026 | Global | Market Research
Diesel Pumps Market, Global, 2025–2026
This Frost & Sullivan analysis offers an understanding of the diesel pumps market and the key trends shaping adoption. Recent trends show end users shifting toward cleaner energy sources. However, some regions still present opportunities. The main challenge for suppliers is to provide reliable, off-...
24 Dec 2025 | Global | Market Research
Global Motor Services Market, 2021–2029
The study examines key trends shaping the global motor services industry and provides comprehensive data on service types across industries and regions. There is also information on the market shares of key competitors. The study encompasses services such as maintenance, repairs/replacement, testing...
16 Sep 2025 | Global | Strategic Imperatives
Top 10 Strategic Imperatives in the Machines Industry, 2025
This deliverable focuses on the major trends in the machines industry, as companies look to identify and invest in areas that support energy savings. Many emerging developments aim to achieve a balance between efficiency and growth. In the IIoT era, manufacturers are looking to identify emerging ind...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Research Scope
In this study, motor services include installation and commissioning, training, engineering and consulting, maintenance, provision of spare parts and consumables, replacements, repairs and motor rewinding, advanced services, extensions and upgrades (retrofits), and end-of-life management.
The end-user industries include oil and gas, chemicals and petrochemicals, food and beverage, water and wastewater, metals and mining, power generation, discrete industries, and others (cement manufacturing, pharmaceuticals, agriculture, electronics, marine, pulp and paper, and textiles).
The regions are the Americas; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).
The study period is 2020–2026 and the forecast period is 2022–2026.
| Deliverable Type | Market Research |
|---|---|
| Author | Jinith Jayesh |
| GPS Codes | 9406-A5,99F0-A5,9593 |
| Industries | Industrial Automation |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Motor Repair and Maintenance Market |
| Keyword 2 | Motor Services |
| Keyword 3 | motor repair |
| List of Charts and Figures | Motor Services Market: Key Growth Metrics, Global, 2021~ Motor Services Market: Growth Drivers, Global, 2022–2026~ Motor Services Market: Growth Restraints, Global, 2022–2026~ Motor Services Market: Implications of COVID-19, Global, 2020–2026~ Motor Services Market: Revenue Forecast, Global, 2020–2026~ Motor Services Market: Revenue Forecast by Region, Global, 2020–2026~ Motor Services Market: Revenue Forecast by Service Type, Global, 2020–2026~ Motor Services Market: Percent Revenue by Industry Vertical, Global, 2021~ Motor Services Market: Competitive Environment, Global, 2021~ Motor Services Market: Revenue Share of Top Participants, Global, 2021~ Motor Services Market: Revenue Share Analysis, Global, 2021~ Motor Services Market: Key Growth Metrics, Americas, 2021~ Motor Services Market: Revenue Forecast, Americas, 2020–2026~ Motor Services Market: Key Growth Metrics, EMEA, 2021~ Motor Services Market: Revenue Forecast, EMEA, 2020–2026~ Motor Services Market: Key Growth Metrics, APAC, 2021~ Motor Services Market: Revenue Forecast, APAC, 2020–2026~ Motor Services Market: ABB Ability™ Condition Monitoring for Motors—ABB, United States, 2021~ Motor Services Market: Trends, Global, 2021–2026~ |
| Podcast | No |
| WIP Number | K6D0-01-00-00-00 |
Global Motor Services Growth Opportunities
$4,950.00
Special Price $3,712.50 save 25 %