The motor protection systems protect the motor and connected equipment in case of electrical hazards resulting from internal faults. High demand for electric motors from the agricultural and industrial sector is expected to drive the demand for efficient motor protection systems. Also, rapid industrialization and urbanization in emerging economies are likely to create a positive outlook for the overall market and leading players in the forecast period.
The motor protection market is anticipated to grow in the forecast period owing to driving factors such as high demand for motors across the globe, coupled with increasing safety concerns. Moreover, the growth in the HVAC systems is further expected to augment the demand for motor protection. On the other hand, the motor protection market is expected to showcase significant opportunities on account of developments taking place in the oil and gas sector along with the growth of water and wastewater industries in the coming years.
The "Global Motor Protection Market Analysis to 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of motor protection market with detailed market segmentation by product type, rated power, end user, and geography. The global motor protection market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading motor protection market players and offers key trends and opportunities in the market.
The global motor protection market is segmented on the basis of product type and rated power. Based on product type, the market is segmented as vacuum contactors, overload relays, combination starters, and motor protection circuit breaker. On the basis of the rated power, the market is segmented as up to 7.5 Kw, 7.5 to 75 Kw, and above 75 Kw. The market on the basis of end user is segmented as oil and gas, agriculture, water and wastewater, infrastructure, metal and mining, food and beverages, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global motor protection market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The motor protection market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting motor protection market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the motor protection market in these regions.
The reports cover key developments in the motor protection market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from motor protection market are anticipated to lucrative growth opportunities in the future with the rising demand for motor protection in the global market. Below mentioned is the list of few companies engaged in the motor protection market.
The report also includes the profiles of key motor protection companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Group
- Danfoss A/S
- Eaton Corporation
- Fuji Electric Co., Ltd. (Furukawa Group)
- General Electric Company
- Larsen & Toubro Limited
- Mitsubishi Electric Corporation
- Schneider Electric
- Siemens AG
- Toshiba International Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.