Published on : Nov 14, 2019
Albany, New York, November 14, 2019: Rolled steel motor facilitates electrical steel inception with electrical steel strips that are used to determine electric vehicle’s efficiency. Manufacturers are developing electrical steel motors with high performance that are capable to shorten product cycles with its properties such as low temperature and low pressure that aid in curing of electric vehicles.
Technologically advanced modern devices such as HVAC boost global rolled steel motor market with continuous demand of varied size rolled steel motors. Single-phase and three-phase rolled steel motors are required in industrial machinery and automated equipment. Simplification of steel trade barriers and supportive government initiatives positively influence the global rolled steel motor market.
In 2018, the global rolled steel motor market was evaluated around US$ 8.4Bn which is anticipated to expand at ?6% CAGR for the forecast period 2019-2027. Demand in heating and air-conditioning segment is dominating the market. An intelligence report titled, “Rolled Steel Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Asia Pacific leads market
Rapid market growth is witnessed in Asia Pacific owing to the fast paced industrialization activities and SME segment developments. Favorable policies of central authorities in developing countries also contribute to the global market growth. Europe is ranked next to Asia Pacific in global rolled steel motor market. It is estimated to own ?27% global market share in the year 2018.
Major industries that form a significant part of global rolled steel motor market includes food & beverages, marine, pulp & paper and HVAC industries. Food & beverages industry consumes durable wash-down motors which prompts rolled steel motor manufacturers to come up with efficacious wash-down motors that are reliable and low-maintenance.
Key stake holders profiled in global rolled steel motor market include ABB Ltd., Siemens, CG Power and Industrial Solutions Limited, Hitachi, Toshiba, Rockwell Automation and regal Beloit.
Global rolled steel motor market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global rolled steel motor market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global rolled steel motor market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global rolled steel motor market.
An insightful and deep-dive assessment of the competitive assessment of the Global rolled steel motor market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global rolled steel motor market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global rolled steel motor market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global rolled steel motor market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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