SEA & ANZ Motors and Drives Market - Growth Opportunities, Analysis, Forecast, Asia Pacific,2023

The factbook covers key insights and market revenues of South East Asia and Australia-New Zealand motors and drives market. The factbook also comprises revenues segmented by sales for each country in SEA and ANZ. Countries included are Singapore, Malaysia, Thailand, Vietnam, The Philippines, Australia and New Zealand. The other segment for the drives market consists of Voltage, By Technology, and By End-user Industries.

Segments included in the motor market are Voltage, Technology, Power and End-user Industries. Market shares for both motors market and drives market are included for SEA and ANZ regions. The key competitors for drives market comprise ABB, Siemens, Schneider Electric, Rockwell Automation, and Yaskawa Electric. The major suppliers for motors comprise ABB, Siemens, TECO, Toshiba Industrial Corporation, and others.

Product scope for the motors market: AC Motor, DC Motor, and Stepper Motor. Based on the classification of wattage, the motor market is classified into Integral Horsepower Motor and Fractional HP Motor. End-user industries covered for the motor market are oil & gas, power generation, chemicals & petrochemicals, food & beverage, metals & mining, water & waste water treatment, Heating, Ventilation and Air Conditioning (HVAC), discrete industries, and other process industries. Discrete industries include automobiles, aircraft, defence equipment, semiconductors, and textiles whereas process industries include pulp & paper, plastics, glass, rubber, cement, and pharmaceuticals.

Product scopes for the drives market are AC drives and DC drives and Servo drives. By voltage type, the market is segregated into low voltage and medium voltage. The end-user industries covered in the drives market include power generation, chemical and petrochemicals, Food & Beverage (F&B), Water and Wastewater (WWWT), HVAC, metals and mining, discrete industries, and others. Discrete industries comprise automobile, aircraft, defence, textiles, semiconductor & electronics, general packaging, and others. Others in the end-use motor segment include pharmaceuticals, pulp and paper, machine tools, material handling, and others.

The recent US-China trade war and global slowdown has led to lower growth rates. However, both SEA and ANZ will witness strong growth in the coming 3-4 years.

Australia, Indonesia, and Thailand are among the dominating markets for motors and drives market in South East Asia and ANZ region.

Development of industries in the region coupled with investment to increase capacities are expected to push forward the motors and drives market. For Australia and New Zealand region, Mining and Oil & gas is dominating whereas for SEA, discrete, Oil & gas as well as mining sector are dominating in both Drives and Motor market.