Market Research Report
Global Motors and Drives Services Market 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||941616|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Motors and Drives Services Market 2020-2024|
|Published: June 5, 2020||Content info: 120 Pages||
Technavio has been monitoring the motors and drives services market and it is poised to grow by $ 2.28 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on motors and drives services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for servo motors and brushless motors and increased outsourcing of service and maintenance operations. In addition, increasing demand for servo motors and brushless motors is anticipated to boost the growth of the market as well.
The motors and drives services market analysis includes product segment and geographic landscapes
Technavio's ‘motors and drives services market’ is segmented as below:
By Geographic Landscape:
This study identifies the focus on increasing energy efficiency in industries as one of the prime reasons driving the motors and drives services market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our motors and drives services market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motors and drives services market vendors that include ABB Ltd., Danfoss AS, Mitsubishi Electric Corp., Nidec Corp., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WEG Equipamentos Eletricos SA, and Yokogawa Electric Corp.. Also, the motors and drives services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.