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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fueled the demand for electric motor. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors have secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period.

Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

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“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fueling the demand for electric motors Market. Industry participants are investing in expansions, strategic alliances, and cost-effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Key Takeaways from Electric Motors Market Study

<1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.

The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.

East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.

Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.

The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

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Competitive Landscape

Companies operating in Electric Motors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool.

For instance, In, On January 24, 2019 Bosch assumed full control of of EM-motive, one of Europe’s most successful manufacturers of electric motors.

On August 3rd, 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.

Manufacturers are also focusing on the expansion of their product portfolio to maintain high customer base across the globe

For instance, On 5 Feb, 2021 Johnson Electric Launches Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.

On February 16th, 2021 Regal announced a collaboration with Rexnord’s PMC segment to create world-class power transmission technology.
Some of the prominent players operating in the Land Survey Equipment Market profiled by FMI are:

General Electric
Robert Bosch GmbH
Hitachi, Ltd.
Nidec Corporation
WEG S.A.
Siemens AG
ABB Group
Regal Beloit Corporation
Toshiba Corporation
Johnson Electric
Hyosung Corporation

Find More Valuable Insights on Electric Motor MarketTop of Form

The research report analyzes demand for Electric Motors. The global Electric motors market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of power output, product type, application, end use and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

Electric Motor Market by Category 

Power Output:

• <1HP
• 1-5HP
• 5 – 10 HP
• 10 -20 HP
• 20 – 50 HP
• 50 – 100HP
• 100 – 300 HP
• 300 – 500HP
• Above 500HP

Product Type:

• AC Motor
  • Induction Motor
  • Synchronous Motor
• DC Motor
  • Brushed DC
  • Brushless DC

By Application:

• Pumps
• Fans
• Drives
• Compressor
• General Machinery
• Centrifugal Machinery
• Grinders
• Extruders
• Robotics
• Others

By End Use:

• Industrial
  • Oil & Gas
  • Power Generation
  • Mining
  • Food & Beverages
  • Pulp & Paper
  • Chemicals
  • Air Separation Plant
  • Other Manufacturing
• Residential
• HVAC & Refrigeration
• Medical
• Municipal Water Treatment
• Transportation
  • Automotive
  • Aviation
  • Electric vehicles
  • Railways
  • Boats
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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Key Questions Answered in the Report

· What is the current valuation of the land survey equipment market?

· At what rate did the land survey equipment market expand in the last 5 years?

· What is the land survey equipment market demand outlook?

· What are the key trends prevailing in the land survey equipment market?

· What is the North America land survey equipment market outlook?

· What is the cumulative share of the top five companies in the land survey equipment market?

· At what rate will the land survey equipment market grow in Europe?

· Which are the top 5 countries exhibiting high demand for land survey equipment?

· At what rate will the Japan land survey equipment market grow?

Explore FMI’s Extensive Coverage on Industrial Automation Domain

Gas Insulated Substation Market – Gas Insulated Substation Market Analysis and Review by Voltage Rating – Medium voltage (Up to 72.5 kV), High Voltage (72.5 kV – 220 kV), and Extra High Voltage (220 kV – 765 kV).

Agricultural Equipment Market – 2021 Analysis and Review: Agricultural Equipment Market by Product Type – Tractors, Rotavators, Thresher and Dehuskers, and Power Tillers for 2021-2031.

About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

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Report: https://www.futuremarketinsights.com/reports/electric-motor-market

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Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, has published an updated edition to its widely cited report on the global dredging market.  The study revises its earlier forecast on dredging market growth, readjusting key indicators for COVID-19 impact.  Downturns are largely attributed to volatility in the oil & gas sector, a key end-use industry for dredging projects. However, government efforts to address flooding problems in coastal areas and low-lying plains is likely to keep dredging projects demand sustained in the long-term.

Furthermore, efforts to sustain global trade volumes to reinvigorate the economy is providing much-needed stimulus to the market.

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Key Takeaways

• High urbanization rate across emerging economies to fuel dredging projects in the long run
• Government agencies to comprise over 40% of the dredging equipment customer base
• Adoption of innovative equipment monitoring technologies such as smart virtual software growing
• East Asia to emerge as the largest market, expanding at over 4% CAGR
• Trade maintenance to be key application area, accounting for 3 out of 10 projects through 2030.

“Rising concerns over possible environmental damage is prompting dredging corporations to collaborate with governmental and private players to develop eco-friendly approaches to expand their projects,” concludes an FMI analyst.

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COVID-19 Impact Insights

The COVID-19 pandemic has resulted in an unprecedented recession which is expected to influence the dredging market size to a large extent. Massive production crunches across the oil & gas and tourism sectors are adversely impacting the dredging market.

As the pandemic spread, the grounding of airplanes and automobiles led to a massive downswing in the transportation sector. This resulted in an abrupt demand shock across the oil and gas industry, compelling oil producing giants to cease production, leading to a glut in product inventories.

Fortunately, recent months have witnessed a shoring up of oil prices. Still, OPEC+ countries have curbed supply, with cuts amounting to 7.7 million barrels per day prevailing until December 2020. Such downswings are impacting dredging projects throughout the entire world.

The present-day slump in oil prices is akin to the 2008 financial crisis. Possible recovery is anticipated in 2021 or 2022, restoring prices to pre-crisis levels of US$ 50-60 per oil barrels. This projected favourable outlook is likely to restore prospects for the global dredging market, as companies are expected to resume exploration projects.

Competitive Landscape

The global dredging market comprises of numerous regional and global vendors, rendering the market highly competitive. Players rely on strategic alliances, joint-ventures and development of technologically advanced solutions to penetrate lucrative markets.

In 2019, Jan De Nul Group initiated maintenance dredging works in Nieuwpoort, Belgium. This project was part and parcel of the company’s commitment to reduce CO₂ emissions by 15%. To achieve this, it incorporated renewable biofuel from sustainable waste flows.

In October 2020, Royal Boskalis Westminster N.V secured multiple dredging contracts across Germany worth € 45 million from a host of regional maritime transport vendors. These contracts aim to provide flood protection, construction of a shipping fairway and port maintenance across numerous locations.

Key Segments

Application

• Trade Activity
• Trade Maintenance
• Energy Infrastructure
• Urban Development
• Coastal Protection
• Leisure

Customer

• Government
• O&G Companies
• Mining Companies
• Renewables
• Others

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Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
• Europe (Germany, Italy, France, U.K., Spain, BENELUX & Rest of Europe)
• East Asia (China, Japan & South Korea)
• South Asia & Oceania (India, Thailand, Malaysia, Singapore, Australia & New Zealand and Rest of South Asia & Pacific)
• Middle East & Africa (GCC, South Africa, Nigeria, Israel & Rest of MEA)

More Insights on the Dredging Market

Future Market Insights provides a comprehensive overview on the global dredging market, including a historical forecast from 2015 to 2019 & opportunity assessment from 2020-2030. The study provides compelling insights on the global dredging market on basis of application (trade activity, trade maintenance, energy infrastructure, urban development, coastal protection & leisure) and customer (government, O&G companies, mining companies, renewables & others) across six major regions.

[308 Pages Report] The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029.

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors.

The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient.

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Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialized services to a wide range of sectors has further expanded its application base.

Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort.

The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.

The report further cites that the global barcode scanners market will account for about US$ 7 Bn by 2031-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2031-end.

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Market segmentation

By Product Type

• Portable/Handheld
  • Rugged Scanners
  • PDA Scanners
  • Automatic Readers
  • Others
• Fixed Position
  • Stationary Scanners
  • Presentation Scanners
  •  Automatic Readers
  • Others

By End Use

• Retail & Commercial
• General Manufacturing
• Healthcare
• Logistics & Warehouse
• Commercial Aviation
• Defence
• Others

By Technology

• Pen Type Reader
• Laser Scanner
• CCD (Charge Coupled Device) Readers
• Camera Based Reader
• Omni Directional Barcode Scanner
• Smartphone Based Scanner
• RFID (Radio Frequency Identification Technology

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

Additional Highlights of the report Include:

Laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors such as Western Europe and North America. By the 2021-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period.

However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

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Market players are targeting APEJ as their key sales region.  

• Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

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Key Takeaways of Pallet Pooling Market Study

1. Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
2. In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
3. Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
4. In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location and detailed information related to stacked products on pallets.
5. Pallet pooling is a onetime investment business, in which, the owner has to purchase pallets and then pooling can be done with no enormous investment. As a result, the market offers high profit margins to its participants.
6. For the effective operational efficiency of pallets, pallet service providers perform quality checks after every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

 “In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly at fixed rental rates throughout the term of the agreement, and customisations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe.

• Brambles Limited,
• Euro Pool Group,
• Faber Halbertsma, and
• Loscam

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Are considered being leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

PALLET POOLING MARKET TAXONOMY

Structural Design

• Blocks
• Stringers
• Customised

Material

• Wood
• Composite
• Plastic
• Steel
• Other Metals

End User

• FMCG
• Food & Beverages
• Pharmaceuticals
• Electronics
• Chemicals
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

This research report analyses the total sales value of the pallet pooling market based on revenue generated by market players from the target product. The market is forecasted based on factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analysing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

For additional information, write to the analyst at press@futuremarketinsights.com

[192 Pages Report] Global Hand Tools Market to reach ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).The construction sector has grown substantially over the past few decades. This growth trend is expected to continue in the next few years as a result of the growing number of new construction and renovation activities around the world. Hand tools Market are required components that are implemented in a variety of applications such as Industrial, household, and do-it-yourself (DIY) projects. Eventually, the growth in construction sector will lead to remunerative growth in the demand for hand tools Market.