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The motors and drives services market is forecast to grow by USD 2.35 billion during 2023-2028, accelerating at a CAGR of 2.24% during the forecast period. The report on the motors and drives services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for servo motors and brushless motors, focus on increasing energy efficiency in industries, and increased outsourcing of service and maintenance operations.
The motors and drives services market is segmented as below:
By Product
- Motors
- Drives
By End-user
- Process industry
- Discrete industry
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the motors and drives services market covers the following areas:
- Motors and drives services market sizing
- Motors and drives services market forecast
- Motors and drives services market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global motors and drives services market: ABB Ltd., Danfoss AS, Delta Electronics Inc., Fuji Electric Co. Ltd., Integrated Power Services LLC, Lenze SE, Mitsubishi Electric Corp., Nidec Corp., OMRON Corp., Regal Rexnord Corp., Rockwell Automation Inc., SEW EURODRIVE GmbH and Co KG, Siemens AG, Toledo Engineering Co. Inc., Toshiba Corp., WEG Equipamentos Eletricos S.A., Wolong Electric Group Co. Ltd., Yaskawa Electric Corp., and Yokogawa Electric Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological advances in electric drives."
According to the report, one of the major drivers for this market is the increasing demand for servo motors and brushless motors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Danfoss AS
- Delta Electronics Inc.
- Fuji Electric Co. Ltd.
- Integrated Power Services LLC
- Lenze SE
- Mitsubishi Electric Corp.
- Nidec Corp.
- OMRON Corp.
- Regal Rexnord Corp.
- Rockwell Automation Inc.
- SEW EURODRIVE GmbH and Co KG
- Siemens AG
- Toledo Engineering Co. Inc.
- Toshiba Corp.
- WEG Equipamentos Eletricos S.A.
- Wolong Electric Group Co. Ltd.
- Yaskawa Electric Corp.
- Yokogawa Electric Corp.
