Feb 21, 2019   SOURCE: BusinessWire

Explosion-proof Electric Motors & Actuators - Global Market Outlook to 2023 with ABB, Emerson Electric, Flowserve, Rockwell Automation, Siemens, and WEG Dominating - ResearchAndMarkets.com

The "Global Explosion-proof Electric Motors and Actuators Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The explosion-proof electric motors and actuators market will register a CAGR of almost 5% by 2023.

Growing need for customized and compact explosion-proof motors to drive growth in the market

Vendors are constantly trying to differentiate their products. The stringent regulations norms regarding the equipment safety in harsh environments have prompted the vendors to constantly improve their explosion-proof motors products. The growing variations of applications, varying climatic conditions, and the severity of operations have encouraged vendors to expand their product portfolios.

Increasing demand for servo and brushless explosion-proof motors

Servo and brushless type of explosion-proof motors are used in a wide range of applications in process and discrete industries such as robotics, conveyers, compressors, and material handling equipment. The growing robotic and automation technologies in industries have increased the need for integrated servo and brushless explosion-proof motors. Most of these robotics and automation activities are carried out in potentially explosive atmospheres.

Volatility in raw material prices affecting profit margins

Instability in the prices of raw materials affects the cost of production. Therefore, many key vendors have long-term contracts with suppliers to reduce the impact of the fluctuation in the prices of raw materials on their businesses. However, small vendors do not have such contracts.

Competitive Landscape

The market appears to be fragmented, and with the presence of several companies including Siemens and WEG the competitive environment is quite intense.

Key Players

  • ABB
  • Emerson Electric
  • Flowserve
  • Rockwell Automation
  • Siemens
  • WEG

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Electric motors - Market size and forecast 2018-2023
  • Actuators - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Oil and gas - Market size and forecast 2018-2023
  • C&P - Market size and forecast 2018-2023
  • M&M - Market size and forecast 2018-2023
  • Power - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Development of smart actuators
  • Growing need for customized and compact explosion-proof motors
  • Gradual recovery in up-stream activity

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Emerson Electric
  • Flowserve
  • Rockwell Automation
  • Siemens
  • WEG

For more information about this report visit https://www.researchandmarkets.com/research/2d52b7/explosionproof?w=4