COVID-19 Pandemic Impact on Global Asynchronous Motor Market 2020-2024 | Technavio

Focus on Automating Manufacturing Process will drive the market growth during the forecast period

Technavio has announced its latest market research report titled Global Asynchronous Motor Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The asynchronous motor market is expected to register a CAGR of almost 10% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on asynchronous motor market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Industrials Industry is anticipated to have Negative impact. The asynchronous motor market will showcase Negative impact during 2020-2024.

Asynchronous Motor Market 2020-2024: Segmentation

Asynchronous Motor Market is segmented as below:

  • End-user
    • Industrial
    • Automotive
    • Residential
    • Commercial
  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

APAC region will account for the highest incremental growth during the forecast period due to the rising demand for flexible chip mounters with advanced features, expansion of SMT lines by contract manufacturing service providers, and miniaturization of electronic products.

With the surging growth of COVID-19 pandemic, the Industrials market is anticipated to have an Indirect impact during the forecast period. View market snapshot before purchasing

Rising demand for flexible chip mounters with advanced features has been an instrumental factor in influencing the growth of asynchronous motor market. Other market drivers include increasing adoption of EVs and robust growth of process industries such as cement, steel, water, and wastewater. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID 19 market estimates
  • Quarterly impact analysis and updates on market estimates

Get more insights about the global trends impacting the future of asynchronous motor market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41614

Asynchronous Motor Market 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG SA, and Wolong Electric Group Co. Ltd.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Industrial - Market size and forecast 2019-2024
  • Automotive - Market size and forecast 2019-2024
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Nidec Corp.
  • Regal Beloit Corp.
  • Siemens AG
  • TECO-Westinghouse
  • Toshiba Corp.
  • WEG SA
  • Wolong Electric Group Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

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 17,000 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.

Contacts

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

Release Summary

The Global Asynchronous Motor Market will grow by USD 12.06 bn during 2020-2024

Contacts

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