DUBLIN--(BUSINESS WIRE)--The "Global Industrial High Voltage Motors Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global industrial high voltage motors market is forecast to grow at a CAGR of 4.92% during the period 2018-2022.
The report 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.
The latest trend gaining momentum in the market is the replacement of outdated electric motors. The emergence of new technology trends such as Industrial Internet of Things (IIoT) has fueled the replacement of traditional electric motors with smart ones. The adoption of smart motors in industries is expected to promote the adoption of high voltage motors in end-user industries during the predicted period.
According to the report, one of the major drivers for this market is the ease of customization in terms of voltage, efficiency, and application. Manufacturers are increasingly customizing industrial high voltage motors in compliance with the needs of operations. End-users require customized high voltage motors mostly when they cannot determine the difference between the versions of medium voltage and high voltage motors.
Further, the report states that one of the major factors hindering the growth of this market is the slowdown in the oil and gas industry. Oil and gas vendors, primarily in EMEA, have shut down their operational facilities to achieve their operating margins, in turn, hampering the growth of the market.
- General Electric
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Customer Landscape
8. Market Segmentation by End-User
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/kqkz3p/global_outlook_on?w=4