Global Safety Drives and Motors Market - By Applications (AC Drives, DC Drives), Categories (Category 2, Category 3), Types (Increased Safety Motors, Explosion or Flame Proof Motors), Industry, Countries, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - Automobile & Transportation | No. of Pages - 100 | Published By - Mordor Intelligence

Report Highlights

The Global Safety drives and motors market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 6.7% during the forecast period of 2017 - 2022. A motor is an important piece of machinery in the functioning of any industrial sector.  With the existence of numerous hazardous zones in the core industrial sectors, the need for safety motors has become imperative. These safety motors possess  features that allow control of speed and torque of the system and also lead to significant energy savings and optimal process control.

The current safety motors are certified according to IEC and EN Standards as well as to fulfill ATEX directives and other international standards. The safety drives provide  options, which can help minimize machine time and increase productivity while keeping both the personnel and equipment safe from any kind of damage.  

By the end of 2016, North America region will be the major market followed by Europe and Asia-Pacific. The key factors contributing to the growth of the global safety motors market are demand for safe equipment, industry safety standards  and the need for cost-effective systems. While the factors driving the global safety drives market are the need for systems that possess flexible and reliable functionality as well as the high degree of cost-effectiveness that these safety drives come with.

The complexity of standards is the challenge that applies to both the global safety motors as well the global safety drives market. The safety motors also have an issue of having restricted applications or lack of flexible functionality in different zones.

The global safety drives market is broadly segmented on the basis of types, end-users and geography. On the basis of types, the safety drives market has been segmented into AC drives, DC drives and others.  Similarly, based on  its end-users, the applications of global safety drives and motors market is segmented into segments such as energy and power, manufacturing, pharmaceutical, petroleum & chemicals, construction, food and beverages, oil & gas and others. Some of the market players mentioned in the report are Rockwell Automation, Siemens, ABB, GE, Schneider Electric, Solomon and more.

Key Deliverables in the Study

Market analysis for the global safety drives and motor market, with region-specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global safety drives and motor market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.

 

 

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