Industrial Robotics Market: Consumption, Sales, Production, and Other Forecasts 2020-2027

Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.

Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.

Growing Demand for Collaborative Robot to Drive Industrial Robotics Market

Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise in different industry verticals including retail, healthcare, automotive manufacturing, and several others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, who offer a wide variety of collaborative robots for various industries.

Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America

Based on region, the global industrial robotics market has been segmented into Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Regional segmentations are likely to facilitate better understanding of market dynamics at play in each of the regions during the forecast period.

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According to the findings of the Association for Advancing Automation, around 27,294 robots were ordered in the first nine months of 2019. These robots were valued at around US$ 1.473 Bn. North America is likely to lead the global industrial robotics market in the coming years. Substantial reliance of North American manufacturing units on advanced and innovative technological solutions to generate high quality output at reduced cost is fueling the market. Increased implementation of advanced software programs to stay ahead of competition is responsible for growth of the industrial robotics market in North America.

Modern manufacturing facilities in North America substantially depend on new innovative technologies to produce higher quality products at high speed and reduced costs. Manufacturing facilities are implementing more intelligent software and hardware to survive in the current competitive scenario.

Likewise, Europe is also expected to account for a large share of the market. In 2017, around 170,000 robots participated in the production process of the automotive industry in Europe. Such high levels of robotic participation is a manifestation of the market prominence in the region.

According to TMR analysts, in terms of density of industrial robots, South Korea is estimated to retain its leading position during the assessment period.

High Cost of Human Labor to Bolster Demand for Industrial Robots

The expansion of the global industrial robotics market is stimulated by heightened activities in the factory automation sector. The global industrial robotics market is poised for considerable growth in the near future with the growing human-machine interaction together with cloud technology improving control of hardware.

High cost of deploying manual labor coupled with the cost incurred on health insurance, paid leaves, compensations, training, conferences, and promotions is a financial burden on companies. These factors that emerge with the employment of human labor are expected to pave the way for large-scale deployment of industrial robotics in the coming years. Unlike industrial robots, human labor is incapable of working in adverse conditions or in high-risk zones. Day-to-day completion of the same tasks leaves workers with a mutinous and dull feeling, which lowers productivity. More manufacturers are therefore utilizing industrial robots in view of these negative aspects of human labor.

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Furthermore, rapid growth in semiconductor and electronics industries has propelled the growth of the market. Both the industries are massive demand generators for industrial robotics.

Advent of artificial intelligence and digitization has made a marked difference in the performance of industrial robots with increased output and high quality. Shift in the automotive industry toward electric and autonomous automotive is generating considerable growth opportunities for the global industrial robotics market. The automotive manufacturing industry is another leading demand generator for industrial robots.

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C4ISR Market: Top Challenges to Face in 2020-2027

Governments across the globe are investing heavily in defense and military activities. With increasing terror attacks, changing war techniques, and increasing use of technology in crime has forced the government to get become tech-savvy. Therefore, they have started using C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) at a great level. C4ISR helps in tracking information from a vast range of systems from land-based radar to binoculars for observation and through various other means like communication satellites

Global C4ISR Market: Dynamics

With growing information and increasing crimes, C4ISR has benefitted governments across the globe. As and when its importance and usage is increasing, more and more players providing this facility are increasing. With the increasing number of players participating in the global C4ISR market has turned the market highly fragmented, and also increased the competition among the players. Players are further offering improved services and are using advanced technologies to provide better information. They are also engaged in mergers and acquisition, expansion, and collaboration to further extend their dominance in the market. Additionally, these players are not only concentrating in developed regions but are extending their services in developing regions as well.

With growing competition and innovating in the C4ISR market, this market is expected to attain valuation of ~ US$ 135.80 Bn by the end of 2027. This value can be only attained if the market rises at 3.68% CAGR between 2019 and 2027.

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Among the different types of components in the global C4ISR market, reconnaissance and surveillance are projected to lead the market over the projected forecast tenure. The growing use of advanced technology in warfare has encouraged the use of surveillance and reconnaissance. The role of reconnaissance and surveillance is becoming highly crucial in military activities, as the need to counter stealthy threats in an effective and timely manner in increasing.

Rising Government Funding Playing a Crucial Role

Increasing government funding is directly linked with better of the technology and services used in the military of any country. With growing developments and increasing investment in research and development activities will help in improving C4ISR systems that can be effect and affordable by other poor nations as well. The initiatives are likely to expand the growth opportunities in the global C4ISR market in the near future. Efforts are also being made in innovating and converting existing high power and bulky systems into more reliable and productive ones. Additionally, the reduction in the size of these systems will also help in minimizing the cost that will further drive the demand in this market. Having said that, these systems are retained until the previous technology becomes obsolete, and its replacement becomes essential, these steps restrict trade expansion, which can limit the scope of the market.

Global C4ISR Market: Prominent Regions

North America Advancing in the Global C4ISR Market 

Globally, North America is leading the global C4ISR market due to increased investment in developing the C4ISR system.  The growing expenditure by government organizations for research and development activities is the key reason behind the dominance of North America growth in this market. And the forthcoming years as well North America is likely to maintain its position. The country spends a huge amount of money on naval, airborne, and land development programs. To fast track work with each platform, the military is spending on C4ISR to enhance communication and operation between the troops and remotely operated personnel. These initiatives are also expected to have a positive impact on the market. Moreover, Europe is mostly likely to hold the second position in the global C4ISR market, due to the increasing contribution from Germany, Russia, and the U.K in the development of this system.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “C4ISR Market [By Platform – Airborne, Naval, and Land; By Components- Surveillance & Reconnaissance, Computer, Tactical Communication, Electronic Warfare, Command and Control, and Others] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.

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Air Quality Monitoring Equipment Market: Top Trends to Look for in 2020-2027

Transparency Market Research delivers key insights on the global air quality monitoring equipment market. In terms of revenue, the global air quality monitoring equipment market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global air quality monitoring equipment market.

Air quality monitoring equipment are used for monitoring the level of pollution present in the atmosphere. These equipment help in keeping a track of the pollution level and air quality in order to avoid fatigue, discomfort, and dizziness, which further hamper the overall productivity level. The global air quality equipment market is primarily driven by rising concerns pertaining to ill effects on air pollution on the health of citizens in addition to prompt efforts by governments of various countries to curb air pollution.

Based on type, air quality monitoring equipment are classified into indoor air quality monitoring equipment and outdoor air quality monitoring equipment. Among these, outdoor air quality monitoring equipment are largely being adopted, as these equipment are useful to monitor the level of pollution present in the atmosphere. Furthermore, based on application, the global air quality monitoring equipment market has been segmented into industrial, commercial, and residential. The industrial sector is increasingly adopting air quality monitoring equipment and governments of multiple countries are focusing on implementing stringent rules to reduce air pollution. This, in turn, is expected to boost the global air quality monitoring equipment market during the forecast period.

Air Quality Monitoring Equipment Market: Dynamics

Adoption of air quality monitoring equipment in smart city projects is growing. This is due to the emergence of smart cities, population, and increase in the number of vehicles. This has led to rise in air pollution. Thus, efficient management of air quality plays an important role in smart cities. Air quality monitoring equipment have been evolving led by the rising trend of Internet of Things (IoT). Air quality monitoring sensors used in large numbers in these equipment help in collecting a large volume of data related to air quality. This data is useful while making decisions pertaining to air pollution.

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Several smart cities across the globe are installing air quality monitors to evaluate air pollution. In 2019, in London (the U.K.) an air quality monitoring network equipped with a large number of air quality monitors was launched to improve the quality of air in the city. Thus, growth in the number of smart city projects across the world is expected to boost the demand for air quality monitoring equipment in the near future.

Moreover, demand for air quality monitoring equipment is rising worldwide, as a result of launch of a large number of air quality monitoring systems in several countries. For instance, in 2019, Jersey, a player based in the U.K., announced the launch of an air quality monitoring system that can collect real-time environmental data to help government agencies in curbing air pollution. Launch of new air quality monitoring systems across the globe is projected to drive the global market for air quality monitoring equipment during the forecast period.

Furthermore, India and the U.K. entered into strategic partnerships with each other in the year 2019 to build a comprehensive air quality monitoring system that can measure air pollution. This partnership would be leading to the installation of air quality monitoring systems in Bengaluru, India, to measure the air pollution level by collecting data from sensors. Additionally, several manufacturers are focusing on the development of technologically advanced air quality monitoring equipment to curb air pollution effectively. Furthermore, the demand for air quality monitoring equipment is rising among consumers for use in homes, owing to increased awareness about air quality monitoring at residential places and increasing adoption of smart buildings. This is expected to be a prominent factor propelling the global air quality monitoring equipment market during the forecast period.

Air Quality Monitoring Equipment Market: Prominent Regions

Asia Pacific is the dominant region of the global air quality monitoring equipment market. Growth of the market in the region can be attributed to growing adoption of air quality monitoring equipment in the industrial sector in the region. Air quality monitoring equipment are used in various sectors, which include industrial, commercial, and residential. Among these, air quality monitoring equipment are largely used in industrial applications such as power & utilities, construction, mining, and oil & gas. This is attributable to increasing awareness about monitoring of air quality among environmental protection agencies in various countries. Moreover, increasing number of air quality monitoring stations is expected to further drive the air quality monitoring equipment market in the region during the forecast period.

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Thus, rising adoption of air quality monitoring equipment in industrial applications is driving the demand for air quality monitoring equipment in Asia Pacific. Additionally, multiple manufacturers of air quality monitoring equipment operate in Asia Pacific, which are continually striving to develop technologically advanced air quality monitoring equipment. Thus, rising adoption of air quality monitoring equipment in the industrial sector is likely to boost the demand for air quality monitoring equipment in Asia Pacific between 2019 and 2027. The market in North America and Europe is estimated to witness significant growth during the forecast period, owing to high demand for air quality monitoring equipment in the industrial sector in these regions to keep a track of the pollution level and air quality. The air quality monitoring equipment market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

Air Quality Monitoring Equipment Market: Key Players

Key players operating in the global air quality monitoring equipment market are Aeroqual, Ecotech, Vaisala, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., TSI Inc., Horiba Ltd., Siemens AG, Kaiterra, Chemtrols Industries Pvt. Ltd., Envirotech Instruments Private Limited, SV Tech Engineers, and VASTHI INSTRUMENTS Pvt. Ltd.

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Linear Motor Market: Deep Company Profiling of Leading Players 2020-2030

Transparency Market Research delivers key insights on the global linear motor market. In terms of revenue, the global linear motor market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global linear motor market.

Linear motors are defined as electric motors that generate the motion in a straight line, unlike the rotational motion. In a linear motor, the stator is unrolled and spread out flat, while the rotor moves past it in a straight line. Linear motors are used in all designs of machines that require linear motion, including overhead-travelling cranes and beltless conveyors used for moving sheet metals. Linear motors are employed in a wide range of applications in industries such as manufacturing, semiconductor, food & beverages, textile, healthcare, and printing. Linear motors come in three designs: flat-bed, U-channel, and cylindrical.

In line with the growth of the global automation industry, manufacturing and process plant operators are adopting advanced technologies for processes and operations focused on achieving improved product efficiency, reduced labor, and decreased operational costs. Linear motor systems offer a reliable and efficient solution to achieve high efficiency and hence, they are increasingly being adopted in applications ranging from simple point-to-point systems to sophisticated or complex automation systems.

Linear Motor Market: Dynamics

Servo Components and Systems Ltd has designed a new direct drive called Green Drive Actuator (a combination of speed and rugged operations), which can control the ball screw and provide increased reliability to direct drive linear motors. The actuator operates at a speed of up to 5 m/s, with a positional reliability of 50 microns, which makes it suitable for several industrial applications.

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Copley Controls Corp provides a range of AC- and DC-powered digital drives for use in servo and stepper motors called New Plus Servo Drives. Safe torque-off capability of these drives eliminates the complex wiring used in traditional safety applications. New Plus Servo Drives use metal enclosures that ensure the maximum level of noise immunity.

Due to technological innovations in direct drives, the demand for linear motors is increasing in various industrial applications. This, in turn, is boosting the global linear motor market. The impact of this driver is expected to remain high during the forecast period

One of the major issues associated with linear motors is their high cost and the complex design of electromagnets used in them. Generally, more powerful electromagnets are required to lift and move one magnet over another, which consumes a large amount of electric power. Linear motors use superconducting magnets to overcome this issue. As for dynamic applications, linear motors are energy efficient and they can attain high speed. For this purpose, superconducting magnets are used to attain low temperatures, which reduces the power consumption, thereby preventing thermal wear and tear of motors. Use of electromagnets with such complex designs is restraining the global linear motor market. Thus, high costs and complex designs of electromagnets used in linear motors are major restraining factors for the global linear motor market. The impact of this driver is expected to remain high during the forecast period.

Linear Motor Market: Prominent Regions

In terms of revenue, Asia Pacific dominates the global linear motor market. The market in the region is estimated to expand at the maximum CAGR of 6.32% during the forecast period and reach more than US$ 1 Bn by 2027. This is attributable to the fact that players operating in end-user industries in the region such as electronics & assembly, semiconductor, and machine tools directly contact OEMs for their specific requirements for linear motors.

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Increasing adoption of linear motors in Asia Pacific is expected to offer lucrative opportunities to vendors, especially in the electronics & assembly industry during the forecast period. In terms of revenue, the North America market is expected to expand at a sluggish rate during the forecast period. This is due to the presence of various manufacturing industries in the region, which use robots based on linear motors for product manufacture. Other regions such as Europe witness presence of various industries that require linear motors such as automotive, manufacturing, machine tools (metal forming & metal cutting), and packaging & labeling.

Linear Motor Market: Key Players

Key players operating in the global linear motor market are Aerotech, ANCA Group, BOSCH Rexroth, ETEL S.A., FANUC Corporation, Hiwin Corporation, Jenney Science AG, KML Linear Motion Technology GmbH, Kollmorgen Corporation, Mitsubishi Electric Corporation, Moog Inc., NTI AG LinMot, Oswald Elektromotoren GmbH, Parker-Hannifin Corporation, Piezo Motor Uppsala AB, Rockwell Automation, Inc., Sodick Co. Ltd., and Yaskawa Electric Corporation.

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Touch Screen Display Market: Growth Opportunities to Tap into in 2020-2027

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$ 121.1 bn by the end of 2027 progressing from US$ 57.1 as estimated in 2018. Over the forecast tenure between 2019 and 2027, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2018. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years. Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

High Production Cost To Impede Market Growth

Despite the growing demand for touch screen display, few challenges are present in the market that could hamper the growth of this market. One of the major challenges is the limited availability of raw material. In addition, heavy competition and high cost of production may also lower down the prospects for growth in this market. However, operational ease and cost efficiency provided by these displays are projected to overcome these restraints in the coming years. Moreover, constant technological innovation that enhance the usability of these displays is helping in increasing the popularity of these displays. Thus, in the near future, the demand for touch screen displays are likely to increase at a significant rate.

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The information presented in this review is based on a TMR report, titled “Touch Screen Display Market (Application – Gas Pumps, Automated Teller Machines (ATM), Retail Kiosks, Trade Shows and Exhibitions, Car Wash Centers, Parking Terminals, Sports Arenas, Public Transport Kiosks, and Medical Equipment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Magnetic Flow Meter Market | Size, Share, COVID – 19 Outbreak and Forecast to 2030

Transparency Market Research delivers key insights on the global magnetic flow meter market. In terms of revenue, the global magnetic flow meter market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global magnetic flow meter market.

The global magnetic flow meter market is broadly affected by several factors, including maintenance-free design that offers longer service life and integration of advanced technologies. The market for magnetic flow meter systems is likely to take off and it will be interesting to observe how the contending innovation based new technology changes in the years ahead.

Magnetic Flow Meter Market: Dynamics

The maintenance-free design offers longer service life of magnetic flow measuring devices, providing cost-effective flow measurement with a high degree of accuracy for a wide range of process conditions. Magnetic flow meters are volumetric flow meters, which do not have any moving parts. The fixed parts in these magmeters make these systems more reliable and they show consistent results. As there are no moving parts in magnetic flow meters, sensors are not directly immersed in the liquid, eliminating wear and tear concerns. This makes these systems reliable and easy to operate with limited maintenance. The expected service life of magnetic flow meters is approximately 30 years, which is beneficial to the user as a one-time investment, although electrodes may need to be periodically cleaned.

Most human activities that use water produce wastewater. As the overall demand for water grows, the quantity of wastewater produced and its overall pollution load are continuously increasing worldwide. For wastewater treatment, a magnetic flow meter combined with a level transmitter is used for open channel sludge and effluent systems in end-use industries in most parts of the world. Hence, the increasing demand for magnetic flow meters in wastewater treatment is the latest trend in the market.

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Over the past few years, various advancements have been introduced in magnetic flow meters, such as the introduction of wireless connectivity and compatibility with smart devices. The electromagnetic induction technology is a good fit for liquid flow measurement despite some limitations related to non-conductive fluids. Once the magnetic flow meter is calibrated with water, it can be used to measure other types of conductive fluid with no additional correction. In order to make flow rate measurement easier and more reliable, some manufacturers have already introduced new advanced technologies in the flow meters for the benefit of customers.

Various factors can influence and affect the results of a magnetic flow meter. These include the type of fluid being measured, if the measured fluid corrosive or not, or is waste water or clean water being measured, etc. Other factors hampering the performance of magnetic flow meters is that, if the flow meters are placed very close to pumps, valve elbows, and other obstructions, and unstable or irregular flows can impact performance.

Magnetic Flow Meter Market: Prominent Regions

The U.S. holds leading share of the North America magnetic flow meter market. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. has extensive availability of technologically advanced products. The requirement of magnetic flow meter systems in the U.S. market is increasing rapidly due to various requirements in different industries. India is likely to be a moderately growing economy in the Asia Pacific region over the next few years. India is focusing considerably on water and wastewater treatment throughout the country, wherein magnetic flow meters are used. EU5, which comprises the U.K., Germany, France, Italy, and Spain holds maximum share of the Europe magnetic flow meter market, owing to usage of magnetic flow meter systems for chemical, food & beverages, pharmaceutical, and oil & gas industries in these countries.

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Magnetic Flow Meter Market: Key Players

Key players operating in the global magnetic flow meter market include Badger Meter, Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, McCrometer, Inc., Omega Engineering Inc., Siemens AG, Toshiba Corporation, and Yokogawa Electric Corporation.

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Electronically Commutated Motors Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

Transparency Market Research delivers key insights on the global electronically commutated motors (<5HP) market. In terms of revenue, the global electronically commutated motors (<5HP) market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global electronically commutated motors (<5HP) market.

The global electronically commutated motors (<5HP) market is broadly affected by several factors that include these motors having gained immense popularity across the globe due to their high efficiency, performance, controllability, and reliability, which are factors expected to boost the global electronically commutated motors (<5HP) market during the forecast period.

Electronically Commutated Motors (<5HP) Market: Key Segments

The global market for electronically commutated motors (<5HP) has been segmented by motor type, product type, power, industry, and region. Based on motor type, the market has been divided into brushless DC motors, permanent magnet AC (PMAC) motors, and servo motors, wherein, brushless DC motors are projected to be highly sold motors across the globe from 2018 to 2030. It has been observed that demand for servo motors is expected to grow at a good pace in the upcoming years at the global level. In terms of product type, the electronically commutated motors (<5HP) market has been divided into constant airflow, constant torque, and constant speed. The constant airflow segment accounted for a leading share of the global electronically commutated motors (<5HP) market in 2019. The segment is projected to expand at a significant rate in the near future, as constant airflow electronically commutated motors (<5HP) can reduce air noise, provide soft start/stop, and change airflow as and when required.

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In terms of power, the global market for electronically commutated motors (<5HP) has been divided into below 1 HP, 1 HP – 2 HP, 2 HP – 3 HP, 3 HP – 4 HP, and 4 HP – 5 HP. Below 1 HP and 1 HP to 2 HP power together hold the major share and this type is expected to grow during the forecast period. This power range is expected to expand at a collective CAGR of 5% in North America. Consumer electronics holds major share in the global electronically commutated motors (<5HP) market. The increased use of ECM motors in the growth of this industry will lead to growth of up to 2 HP power segment in the forecast years. Based on industry, the global electronically commutated motors (<5HP) market has been divided into consumer electronics, HVAC – residential, HVAC- commercial, automotive, packaging, material handling, industrial machine (robots, others), and others (printing machine, etc.).

The HVAC segment for residential and commercial together held major share of the global electronically commutated motors (<5HP) market, followed by the consumer electronics segment. The heating & ventilation segment is anticipated to witness substantial growth during the forecast period. Manufacturers of electronically commutated motors (<5HP) are expanding their business to new geographies. End markets and applications of electronically commutated motors (<5HP) are diverse. The global electronically commutated motors (<5HP) market is strongly dependent on consumer electronics, heating & ventilation, industrial engineering, and others. The global electronically commutated motors (<5HP) market is estimated to expand at a rapid pace during the forecast period.

Electronically Commutated Motors (<5HP) Market: Prominent Regions

The global market for electronically commutated motors (<5HP) has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America). Asia Pacific is likely to be the most attractive market for electronically commutated motors (<5HP) during the forecast period due to rapid industrialization and infrastructural development. Manufacturers are entering the Asia Pacific region in order to gain significant market share.

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North America and Europe are expected to be other major markets for electronically commutated motors (<5HP). Technological advancements and changing lifestyle of people living in urban areas, which is leading to a rise in demand for consumer electronics, are anticipated to drive the electronically commutated motors (<5HP) market in these regions. The growth of the HVAC sector and requirement of constant airflow will be key factors fueling the expansion of the electronically commutated motors (<5HP) market in North America and Europe.

The electronically commutated motors (<5HP) market in South America and Middle East & Africa is expected to witness slow growth during the forecast period.

Electronically Commutated Motors (<5HP) Market: Key Players

Key players operating in the global electronically commutated motors (<5HP) market are ABB Group, Siemens, Weg, Parker Hannifin Corp., Nidec Motor Corporation, ASTRO Motorengesellschaft mbH & Co.KG, Allied Motion Technologies Inc., Maxon motor AG, Buhler Motor GmbH, and Kollmorgen Corp.

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