DUBLIN--(BUSINESS WIRE)--The "Global Industrial Fractional Horse power Motors Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global industrial fractional horse power motors market to grow at a CAGR of 4.94 % during the period 2018-2022.
Global Industrial Fractional Horse Power Motors Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of industrial fractional horse power motors.
According to the report, one of the major drivers for this market is Growing adoption of energy-efficient equipment across industries. Industries are increasingly focusing on using energy-efficient equipment in production processes as well as end-products to address the concern of rising energy costs worldwide.
Motors are one of the biggest energy consumers in industries, comprising more than 60% of industrial energy, which results in high energy costs and carbon emissions. In end-user industries such as oil and gas, pulp and paper and food and beverage, energy consumption accounts for a large share of overhead costs.
The latest trend gaining momentum in the market is predictive maintenance of motors using smart sensors. The increasing adoption of IIOT in process and discrete industries has driven the overall productivity. Industries are trying to convert themselves into smart industries, which has been possible with the help of IIoT.
Each component in these industries is connected to cloud technology, so that predictive maintenance can be performed. As industrial fractional horsepower motors are deployed inside the equipment, it becomes very difficult to keep a regular check on motors. Therefore, motors are connected with smart sensors that send the information of a motor's working condition to the cloud system.
- Predictive maintenance of motors using smart sensors
- Improvement in motor efficiency
Growing demand for miniaturized motors
- Allied Motion Technologies
- Johnson Electric
- Regal Beloit
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Market Segmentation By End-User
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/7spc6p/global_industrial?w=4