About Motors and Drives in Process Industries Globalization has encouraged the use of advanced automation techniques and energy-saving equipment worldwide, leading to increased adoption of low-power AC drives and motors. These drives and motors are used across the discrete, process, and infrastructure industries such as chemical, oil and gas, building automation, food and beverage, textile, utility, metal, and water and wastewater. Technavio’s analysts forecast the global motors and drives market in process industries to grow at a CAGR of 7% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global motors and drives market in process industries 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of motors and drives majorly for compressors, elevators and lifts, fans, pumps, and conveyors.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Motors and Drives Market in Process Industries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Other prominent vendors - ARC Systems - Asmo - Emerson CT - Franklin Electric - Fuji Electric - GE - Huali - KEB - Nidec - Schneider Electric - SEW Eurodrive - TECO-Westinghouse - Toshiba - Yaskawa Market driver - Advanced refrigerated food processing - For a full, detailed list, view our report
Market challenge - Dominance of unorganized sector - For a full, detailed list, view our report
Market trend - Rising IEC motors demand - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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