Flame Proof Motor Market Revenue, Sales Volume & Trend Forecast Report, 2020-2027

  • Report ID : MD1702
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  • Pages : 222
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  • Tables : 95
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  • Formats :

Flameproof motors are the electric motors that have the capability to perform in hazardous conditions. The modern flameproof motors are constructed in a way that they are instrumental in preventing the explosions by restricting the entry of duct, gas or vapour in the engine. Flameproof motors are most widely used in industrial and manufacturing areas. These motors are also preferred for usage in the areas which are highly prone to short-circuit and fire. Companies leading globally or the key global players like ABB, Siemens, Rockwell Automation, WEG etc into manufacturing of the flameproof motor market often prefer to set up factories directly into the market they are looking to reach into so that they can directly influence the regional market. Companies in developing countries like India and China, on the other hand, look forward and put more efforts into the direct selling approach since they do not have much influence in the global market, the fact also lies into that their quality when compared to the giant global players also lack, but they bring in price advantage on the table. Price is not the only influencer in the market, but product performance is also a key factor. In the coming years, the slow downward price trend will sustain, and with an increase in competition, the price differences between different companies will be narrowed.

The global flameproof motor market has been valued at 8.87billion USD in the year 2019, and it is anticipated to increase to the value of 12.29 billion USD by 2025, So the CAGR can be somewhere around 5.5% between 2020-2025. The main reason for this growth can be the increasing demand of the integrated systems, advancement in the automation sector and Artificial intelligence being a major contributor, increased industrialisation, strict government regulations regarding the handling of hazardous workplaces are supposed to add to the growing market valuation globally. The global r market can be divided into four major segments namely, motor type, class type, end-use industries and regions. The mining and metal industry supposedly holds a substantial share in the global market, Also, North America holds the major share given the presence of global players is highest in this area.

With increased energy and power consumption, need to fetch the energy and fuel also increases this further trickle down and aids to the increase in demand for the flameproof motors and equipment, as they are instrumental in preventing explosions that might happen during the process of power and energy generation through the natural resources. The flameproof motors are also invested in by the high capital and machine intensive areas such as defence, aerospace, manufacturing industries, so the need for safety devices automatically increases here. Here generally high-voltage flameproof motors are used. The low-voltage flameproof motors are used mainly in the oil and gas industry in pumps, blowers or compressors. The demand for low-voltage flameproof motors is anticipated to increase in future given the increase in Offshore and Onsite activities in the gas and oil industry. Competitiveness of the flameproof motor market is soaring high due to the ongoing increase in the number of manufacturers of electrical products.

 

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