Motor Management Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Hardware, Software & Solution Services), By Application (Pumps, Compressors, Material Handling, Others), By Industry Vertical (Metallurgy, Oil & Gas, Energy & Power, Food & Beverage, Chemical, Mining, Others), And By Geography - Forecasts From 2019 To 2024
Published:  Mar 2021 Report Code: KSI061611874 Pages: 113

The motor management market is estimated to witness a CAGR of 4.40% to reach US$5.015 billion in 2024 from US$3.872 billion in 2018. Motor management is concerned with the electrical, mechanical, and maintenance solutions for the electrical equipment installed in a facility. Industries consume a significant proportion of electricity, and there is a growing global focus on optimizing electricity usage in the industrial sector. As such, the demand for motor management solutions is increasing on account of their ability to ensure the optimal functioning of the electrical equipment that results in better productivity while generating significant savings for the manufacturers as well. The rising automation in various industries is anticipated to propel the demand for the motor management market in the coming years. Furthermore, growing attention towards enhancing the efficiency of the motor-driven systems is expected to fuel the motor management market during the forecast period.

The market has been segmented on the basis of type, application, industry vertical, and geography. Geographically, North America is projected to hold a significant share in the market on account of the early adoption of technology along with the rising focus to increase efficiency and reduce downtime maintenance. The Asia Pacific is also anticipated to grow at a substantial rate owing to the rising manufacturing and infrastructure industry in countries such as India and China.

DRIVERS
• Growing demand for smart motor control devices.
• Increasing adoption of industrial automation.

RESTRAINTS
• Lack of awareness regarding motor management devices.

The major players profiled in the Motor Management market include Siemens AG, Schneider Electric, ABB, General Electric Company, Eaton, Rockwell Automation, Inc., Hitachi Ltd., Fanox, RJW Engineering, and Toshiba International Corporation.

Motor Management Market Scope:

Report Metric Details
 Market size value in 2018  US$3.872 billion
 Market size value in 2024  US$5.015 billion
 Growth Rate  CAGR of 4.40% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Siemens AG, Schneider Electric, ABB, General Electric Company, Eaton, Rockwell   Automation, Inc., Hitachi Ltd., Fanox, RJW Engineering, Toshiba International   Corporation
 Customization scope  Free report customization with purchase

 

Segmentation

The motor management market has been analyzed through the following segments:

• By Type
o Hardware
o Software & Solution Services

• By Application
o Pumps
o Compressors
o Material Handling
o Others

• By Industry Vertical
o Metallurgy
o Oil & Gas
o Energy & Power
o Food & Beverage
o Chemical
o Mining
o Others

• By Geography
o North America
? USA
? Canada
? Mexico

o South America
? Brazil
? Argentina
? Others

o Europe
? Germany
? France
? United Kingdom
? Spain
? Others

o Middle East and Africa
? Saudi Arabia
? Israel
? Others

o Asia Pacific
? China
? Japan
? South Korea
? India
? Others


Frequently Asked Questions (FAQs)

Q1. What will be the motor management market size by 2024?
A1. The motor management market is estimated to reach a total market size of US$5.015 billion by 2024.
 
Q2. What is the size of global motor management market?
A2. Motor Management market was valued at US$3.872 billion in 2018.
 
Q3. What are the growth prospects for the motor management market?
A3. The global motor management market is estimated to witness a CAGR of 4.40% during the forecast period.
 
Q4. Which region holds the largest market share in the motor management market?
A4. Geographically, North America is projected to hold a significant share in the motor management market on account of the early adoption of technology along with the rising focus to increase efficiency and reduce downtime maintenance.
 
Q5. What factors are anticipated to drive the motor management market growth?
A5. The rising automation in various industries is anticipated to propel the demand for motor management market in the coming years.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. MOTOR MANAGEMENT MARKET BY TYPE
5.1. Hardware
5.2. Software & Solution services
6. MOTOR MANAGEMENT MARKET BY APPLICATION
6.1. Pumps
6.2. Compressors
6.3. Material Handling
6.4. Others
7. MOTOR MANAGEMENT MARKET BY INDUSTRY VERTICAL
7.1. Metallurgy
7.2. Oil & Gas
7.3. Energy & Power
7.4. Food & Beverage
7.5. Chemical
7.6. Mining
7.7. Others
8. MOTOR MANAGEMENT MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Siemens AG
10.2. Schneider Electric
10.3. ABB
10.4. General Electric Company
10.5. Eaton
10.6. Rockwell Automation, Inc.
10.7. Hitachi Ltd.
10.8. Fanox
10.9. RJW Engineering
10.10. Toshiba International Corporation
LIST OF FIGURES
LIST OF TABLES

Siemens AG
Schneider Electric
ABB
General Electric Company
Eaton
Rockwell Automation, Inc.
Hitachi Ltd.
Fanox
RJW Engineering
Toshiba International Corporation

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