Motors and Drives Market in Process Market

“Motors and Drives Market in Process Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global motors and drives Market in Process market. Motors and drives are electrical and mechanical systems used to run, regulate, and control equipment in manufacturing and production processes. Motors convert electrical energy into mechanical energy to generate rotational or linear force to power a machine. On the other hand, drives are positioned between the electrical supply and motors to control the speed, direction, acceleration, deceleration, torque, and position of the motor shaft. They are widely used to operate and control machinery, such as pumps, fans, compressors, conveyors, material handling units, and machine spindles. Motors and drives in various processes exhibit excellent reliability and high performance, increase efficiency, reduce energy consumption, and minimize maintenance costs. As a result, they find extensive applications across the food and beverage (F&B), textile, chemical, and power industries.

The significant growth in the F&B industry across the globe is creating a positive outlook for the market. Motors and drives are widely used in various processes, such as brewing, distilling, malting, soft drink production, kettle cooking, deep frying, mixing, shredding, dicing, and slicing applications. In line with this, the widespread machine utilization in food processing facilities to process meat, poultry, ready-to-eat (RTE) food, leafy greens, and fresh produce is favoring the market growth.  Furthermore, rising product adoption in the oil and gas industry to operate pumps, compressors, and fans for transporting petroleum products and crude oil through pipelines from refineries and oil fields to desired locations is providing a considerable boost to the market growth. Additionally, recent technological advancements in semiconductors, such as insulated gate bipolar transistors (IGBTs), have enabled medium voltage (MV) drives to conserve electrical energy, increase productivity, and improve product quality in petrochemical, steel and metal, mining, and transportation industries, which, in turn, is positively influencing the market growth. Moreover, increasing product utilization in manufacturing three-dimensional (3D) printing machines for precise positioning and controlling moving parts is providing an impetus to the market growth. Other factors, including the rising adoption of automation techniques in industrial units, rapid industrialization, and increasing demand for energy-saving equipment, are anticipated to drive the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the motors and drives Market in Process market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the motors and drives Market in Process market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the motors and drives Market in Process market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the motors and drives Market in Process industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the motors and drives Market in Process industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the motors and drives Market in Process industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the motors and drives Market in Process industry. Furthermore, the value chain analysis of the motors and drives Market in Process industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Motors and Drives Market in Process Market:

•    Historical and current scenario 
•    Trends and developments 
•    Market forecast 
•    Price analysis and forecast
•    Porter’s five forces analysis 
•    SWOT analysis 
•    Value chain analysis 
•    Market Breakup by Type 
•    Market Breakup by End-Use 
•    Market Breakup by Region 
o    North America 
o    Europe 
o    Asia-Pacific 
o    Latin America 
o    Middle East & Africa 
•    Key players 

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Motors and Drives Market in Process industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.