The United States is set to dominate the industrial motors market in the next decade, driven by increased activity in shale reserves and oil & gas projects.

NEWARK, DELAWARE, UNITED STATES, September 8, 2023/EINPresswire.com/ -- The global market for industrial motors is expected to grow steadily at an average annual rate of 3.5%. This growth is anticipated to push the market's total worth up to US$ 917.3 million by the year 2032.

Industrial motors are electric motors that use electricity to create movement. They're like the engines of big machines in factories and industries. Most of these motors run on a type of electricity called alternating current (AC), which comes from generators and power grids. But some of them can also work with direct current (DC) electricity.

These motors can run on batteries. AC and DC industrial motors are really important in many industries because they're great at powering machines, tools, pumps, big fans, rolling machines, turbines, compressors, and other stuff. Lately, companies in the industrial motor business have also come up with something cool called universal motors. These motors can work with both AC and DC power sources.

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Various government organizations around the world, like the European Water Association in Europe, the Environmental Protection Agency in the United States, and the India Water Works Association in India, are actively working on creating rules and regulations related to water projects, specifically for managing how we dispose of or reuse water.

In the United States, there are strict rules set by the Environmental Protection Agency (EPA) that require industries to clean up their wastewater before getting rid of it. They have specific limits on how much pollution is allowed. The government also has tough regulations for projects that involve water, like generating power or treating wastewater. These rules aim to protect our environment. These projects are expected to boost the market for industrial motors from 2022 to 2032.

Key Takeaways from the Industrial Motors Market Report:

The AC Motors category is anticipated to bring in more than US$ 196.4 million in revenue from 2022 to 2032

By 2032, we're looking at a projected value of US$ 166.7 million for industrial motors in China.

The United States market is on track to cross the US$ 167.2 million mark by 2032, according to a recent study.

By 2032, Europe is expected to have the largest share of the global market, accounting for around 28.7%

Leading Key Players in the Industrial Motors Market:

General Electric Rotronic AG
Hitachi Ltd.
Nidec Corporation
WEG SA
Siemens AG
ABB Ltd.
Regal Rexnord Corporation
Toshiba Corporation
Hyosung Corporation
Bonfiglioli Riduttori S.p.A.
Kirloskar Electric Company
Hyundai Electric & Energy Systems Co., Ltd.
Menzel Elektromotoren GmbH

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Industrial Motors Market Segmentation:

By Power Output:

1 to 5 MW
5 to 10 MW
10 to 15 MW
15 to 20 MW
20 to 25 MW

By Product Type:

AC Motors
Induction Motor
Synchronous Motor
DC Motors
Brushed DC
Brushless DC

By End Use:

Oil & Gas
Energy
Mining
Cement
Metal and Steel
Pulp and Paper
Chemical
Water and Wastewater
Marine

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

Have a Look at the Related Reports of the Industrial Automation Domain:

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Asia Pacific Industrial Pumps Market Size- The Asia Pacific Industrial Pumps market share is projected to reach US$ 39.3 Billion in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.

Low Voltage Motor Market Share- The Asia Pacific Industrial Pumps market share is projected to reach US$ 39.3 Billion in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.

Ronak Shah
Future Market Insights, Inc.
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