North America Industrial Motor Market Size, Share, COVID-19 Impact, Opportunities, And Trends By Motor Type (Direct Current, Alternating Current, Others), By Voltage (High, Medium, Low), By End-User Industry (Oil And Gas, Mining, Food And Beverage, Construction, Manufacturing, Pulp And Paper, Water And Wastewater, Others) - Forecasts From 2019 To 2024

North American markets are increasingly focusing on expanding their oil reserves, especially by exploring unconventional sources, which drives the need for industrial motors while augmenting the market growth. Moreover, the booming robotics industry and automotive industry further surge the industrial motor market growth. The United States is home to many industrial motor providers and thereby the competition within the market drives product innovation and technological advancement which further drives the market growth. The developed market and industries' ability to spend high capital coupled with high scale ongoing adoption of the latest technologies by the industries within the region do create ample opportunity for the industrial motor market to grow over the projected period. In addition to this, the growing awareness and strict government regulation lead to the demand for the energy-efficient industrial motor which further propels the market growth.  

 Research Methodology

This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.

 Market Dynamics

In this section, the entire market is explained along with various drivers, restraints, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

North American Industrial motor Market has been segmented on the basis of motor type, voltage, end-user industry, and geography as follows:

By Motor Type

Direct Current (DC)

Alternating Current (AC)

Others

 

 

By Voltage

High Voltage

Medium Voltage

Low Voltage

 

 

By End-User Industry

Oil and Gas

Mining

Food and Beverage

Construction

Manufacturing

Pulp and Paper

Water and Wastewater

Others

 

 

Market Players

Finally, the competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are ABB, AMETEK, Emerson Electric, Rockwell Automation, Siemens, Schneider Electric, Toshiba Corporation, Technosoft, Fuji Electric, and RobotShop.