Motor Management Market is forecasted to register a potential rate of 6.03%, during the forecasted period of 2019 to 2026 with the market expected to reach an estimated valuation of USD 5.15 billion by the end of the forecasted period. This growth potential is expected to be restricted by the preference amongst consumers for traditional motor management methods.
The market for motor management will witness a steady rise in its growth rate considering the requirement for reducing any breakdown of motor operations and associated components. The major advantage with this method is the significant reduction of costs and optimal resource management which helps businesses and consumers in a highly positive way.
According to Data Bridge Market Research, motor management market will be dominated by Asia-Pacific in terms of market share while North America will be expected to grow with the highest growth rate. These positions of the region are expected to be caused by the availability of wide-scale industrial and manufacturing infrastructure in the Asia-Pacific region whereas North America is currently undergoing rapid transformation and modernization of their traditional methods and systems.
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In April 2019, Standard Motor Products, Inc. announced the acquisition of specific assets and business operations of Stoneridge, Inc. amounting to an approximate amount of USD 40 million. The assets and business operation are a part of Stoneridge’s “Pollak” business with various manufacturing and distribution facilities present in various locations and dealing in various engine management products such as switches, connectors and sensors. The acquisition will not include any of the manufacturing facilities along with the employees, with complete integration and completion to be finalized by twelve months.
Motor management market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
All country based analysis of the motor management market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented as hardware and software & solution services. Based on type, the market consists of asynchronous motion and synchronous motion. Control is categorized into automatic controls, semi-automatic controls and manual controls. Voltage range consists of low voltage (60-240 Volt AC), medium voltage (241-395 Volt AC) and high voltage (396-485 Volt AC). Application is segmented into pumps, compressors, material handling and others. End-use industry is segmented as metals & mining, oil & gas, power generation, water & wastewater, food & beverages, agriculture, chemicals & petrochemicals, cement and others.
Motor management is generally associated with the management of various operational components such as motor, engine and other associated components. This management model is not just limited to maintenance and management of motor products, rather it also provides inventory management and supply maintenance to help conduct a regular inventory check in the various business facilities.
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Key Pointers Covered in the Motor Management Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the Report
Above are the key players covered in the report to know about more and exhaustive list of motor management companies, contact us https://www.databridgemarketresearch.com/toc?dbmr=global-motor-management-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Motor Management Market – Industry Trends and Forecast to 2028