Motor Protection Market Worth 5.09 Billion USD by 2020
PUNE, India, December 9, 2015 /PRNewswire/ --
The report "Motor Protection Market by Device (Overload Relay, Vacuum Contactor, Combination Starter & Motor Protection Circuit Breaker), by Industry (Oil & GAs, Water & Wastewater, Infrastructure, Food & Beverages, Metals & Mining), by Power, and by Region - Global Trends & Forecast to 2020" published by MarketsandMarkets, The market is expected to grow from an estimated USD 3.65 Billion in 2015 to USD 5.09 Billion by 2020, at a CAGR of 6.86% during the forecast period.
Browse 69 market data Tables and 56 Figures spread through 147 Pages and in-depth TOC on "Motor Protection Market"
http://www.marketsandmarkets.com/Market-Reports/motor-protection-market-146458132.html
Early buyers will receive 10% customization on this report.
Increasing demand for motors and growing concern towards its protection, growth in HVAC system are the major drivers of the market. Meanwhile, growing focus on deep-water discoveries and growth in water & wastewater industries are the major opportunities of the Motor Protection Market.
Easy installation and lower price of overload relays are the major drivers for higher market share of this segment
Among various devices of motor protection, overload relays holds of the largest market share. The high market share is attributed to its ease of installation and its lower prices. Moreover, overload relays also have in-built frequency drives, soft starters, and combination starters, which are other protective and control equipment of motors. Soft starters and combination starters are majorly used in rated power up to 7.5 kW, while frequency drives are majorly used in rated power >75 kW, which further increases the market share of overload relays in all the applicable power ratings.
Increasing preference of motor protection devices of rated power >75 kW
The report segments the Motor Protection Market on the basis of output power as up to 7.5 kW, 7.5 kW-75 kW, and >75 kW. The motor protection devices of range >75 kW held the largest market share in 2014, followed by devices of range up to 7.5 kW in the same year. The motor protection devices segment of range >75 kW is expected to grow at a higher CAGR during the forecast period, when compared with devices of ranges up to 7.5 kW and 7.5 kW-75 kW during the same period.
Ask for Sample Pages: http://www.marketsandmarkets.com/requestsample.asp?id=146458132
Asia-Pacific is the dominant market for motor protection
In this report, the Motor Protection Market has been analyzed with respect to five regions, namely, Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. The Motor Protection Market is expected to witness higher growth in developing economies such as Asia-Pacific and the Middle East & Africa when compared with Europe and North America. China is expected to be global leader for motor protection, followed by the U.S., and Germany. Planned infrastructure spending by the Chinese government and increase in oil production through offshore basins are the major drivers for the growth of the Motor Protection Market in the country.
The report also includes profiles of some of the leading players in the Motor Protection Market to provide an in-depth understanding of the competitive landscape. The leading players include ABB Ltd. (Switzerland), Siemens A/G (Germany), Schneider Electric SE (France), Eaton Corporation (Ireland), General Electric Company (U.S.), Mitsubishi Electric (Japan), Danfoss A/S (Denmark), and Larsen & Toubro Limited (India) among others. The dominant players are trying to penetrate developing economies and adopting various methods to grab a bigger market share.
Market share analysis by developments for key companies has also been included in the report. The scope accordingly aids market participants to identify high growth markets and help in managing key investment decisions. For this report, major players in the Motor Protection Market have been identified using various primary and secondary sources, which include annual reports of top market players and interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.
Browse Related Reports
Motor Soft Starter Market by Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020
http://www.marketsandmarkets.com/Market-Reports/motor-soft-starter-market-117691183.html
Combination Starter Market by Type (Reversing & Non-reversing), by Rated Power, by Application, by Industry (Oil & Gas, Water & Wastewater, Infrastructure, Metals & Mining, Food & Beverages & Others) and by Region - Global Forecast and Trends to 2020
http://www.marketsandmarkets.com/Market-Reports/combination-starter-market-264571039.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article