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The explosion proof motors market is forecasted to grow by USD 427.3 million during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the explosion proof motors 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 number of initiatives to develop energy-efficient motors, growth in investments in chemical and petrochemical industry, and stringent regulations for the use of explosion proof equipment in hazardous environments.
The explosion proof motors market is segmented as below:
By End-user
- Oil and gas
- Chemicals and petrochemicals
- Metals and mining
- Power
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the explosion proof motors market covers the following areas:
- Explosion proof motors market sizing
- Explosion proof motors market forecast
- Explosion proof motors 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 companies 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 the 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 End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global explosion proof motors market: ABB Ltd., Bodine Electric Co., Brook Crompton UK Ltd., General Electric Co., Hoyer Motors, Hyosung Heavy Industries Corp., JIANGSU DAZHONG ELECTRICAL APPLIANCE Co. Ltd., Kollmorgen Corp., Lafert North America Inc., Meidensha Corp., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Shaanxi Lite Simo Motor Technology Co. Ltd., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG Equipamentos Eletricos S.A., Wolong Electric Group Co. Ltd., and Wuxi Xian Explosion-proof Motor Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of compact explosion proof motors."
According to the report, one of the major drivers for this market is the increasing number of initiatives to develop energy-efficient 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.
- Bodine Electric Co.
- Brook Crompton UK Ltd.
- General Electric Co.
- Hoyer Motors
- Hyosung Heavy Industries Corp.
- JIANGSU DAZHONG ELECTRICAL APPLIANCE Co. Ltd.
- Kollmorgen Corp.
- Lafert North America Inc.
- Meidensha Corp.
- Nidec Corp.
- Regal Rexnord Corp.
- Rockwell Automation Inc.
- Shaanxi Lite Simo Motor Technology Co. Ltd.
- Siemens AG
- TECO-Westinghouse
- Toshiba Corp.
- WEG Equipamentos Eletricos S.A.
- Wolong Electric Group Co. Ltd.
- Wuxi Xian Explosion-proof Motor Co. Ltd.