Global Severe Duty Motors Market - Trends, Drivers, and Challenges| Technavio

Technavio has published a new market research report on the global severe duty motors market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global severe duty motors market is expected to grow at a CAGR of above 4% during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global severe duty motors market by end-user, including oil and gas industry, chemical and petrochemical industry, water and wastewater industry, and metals and mining industry. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

Market driver: growing demand for energy efficient severe duty motors

There has been an increase in the need for end-user industries to possess high-efficiency motors as these industries are constantly increasing their production volume to cater to the growing demand globally. Thus, there has been a considerable amount of growth in the global severe duty motors market. Severe duty motors are efficient, consumes less energy, and are capable of performing operations at high speed.

According to a senior analyst at Technavio for automation research, “Globally, the consumption of energy has increased. This has necessitated end-user industries, such as food and beverages, power, oil and gas, and chemical and petrochemicals, to pursue energy efficiency measures. It is estimated that electricity consumes nearly 9% of the production cost. This goes up to 40% in energy-intensive industries such as oil and gas, food and beverages, and power generation. Therefore, end-users are deploying severe duty motors to reduce the consumption of energy.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: increased upgrading activities of severe duty motors

A severe duty motor is a modification of a standard TEFC motor. They weigh more than their counterparts and are deployed for harsh industrial environments. Severe duty motors operational benefits and inherent features is resulting in their high adoption among end-user industries. Electric motors are being replaced with severe duty motors in end-user industries due to their rugged construction, cool operation, high performance, and applications. Therefore, industries are prioritizing severe duty motor upgrades for increasing the deployment of these motors. The opportunity to upgrade a conventionally deployed motor to severe duty motors can be identified by conducting an installed base evaluation that enlists all the motors. This can also be done through self-evaluation in terms of regular and/or premature failure as well as the criticality of the motor.

Market challenge: stagnant growth of the oil and gas and mining industries

The mining industry largely depends on severe duty motors. These motors are applied in a wide range of applications for intense operations such as in driving pumps, mixers, flotation cells, water treatment, crushing, ball mill, sag mill, ground extraction, conveyors, and vehicles, in the mines. The number of accidents in the mining industry has increased over the past few years. The decrease in the prices of mineral commodities is slowing down the growth of the industry. In countries such as China, the economy is experiencing a shift toward the consumer-led service model, due to which, there is a decline in the demand for coal, copper, or iron. As a result, the mines that were catering to the mineral requirements are experiencing an imbalance in demand-supply.

Is your business on track for a successful future? Learn how Technavio can help

Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.

 

Technavio’s best deals of the month!

Mark the beginning of spring with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March for a limited period.

OR

Get 20% off on all Media and Entertainment Services reports. Offer valid only till the 31st of March.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global severe duty motors market is expected to grow at a CAGR of above 4% during the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com