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From 2024–2031, the Special Motors Market is projected to increase from 70.90 billion USD in 2023 to approximately 119.26 billion USD in 2031, a compound annual growth rate (CAGR) of 7.9%.
Different from general-purpose motors, special motors are created and intended to serve specific and unique purposes. High precision, high torque, particular climatic conditions, or integration with specialist systems are some of the needs that the motors are designed to fulfill. Furthermore, specialized motors are utilized in a wide range of industries to deliver tailored functionality and performance, such as robotics, automotive, aerospace, and medical equipment.
Coal and petrochemical companies rely heavily on specialized motors. Hazardous location motors, often known as explosion proof motors, are built to contain and contain an explosion in the event of an internal gas or vapour explosion. These motors are commonly found in areas prone to explosions caused by vapors, gasses, and dust, such as petrol stations, grain elevators, and chemical industries. The special motors industry is studied in depth in this report to provide readers with a thorough grasp of important aspects such as size, share, growth prospects, challenges, product kinds, applications, top players, and major regions in the world. The research goes into depth in its COVID-19 Impact Analysis, which looks at the potential pandemic aftereffects on the worldwide industry in terms of production, consumption, sales, demand, supply, and export/import status for both the present and the future.
The efficient operation of the propulsion systems in electric cars is dependent on specialized motors. Electrified vehicles rely on electric traction motors, which transform electrical energy into mechanical energy, to propel the vehicle forward. As an added bonus, electric vehicles may maximize their energy efficiency and driving range with the help of traction motors, which give great torque, efficiency, and dependability. By combining additional modern motors, such as permanent magnet motors and synchronous reluctance motors, specialized motors are able to provide higher efficiency than conventional motors while minimizing energy losses.
Finally, specialized motors to maximize efficiency and performance are in high demand due to the proliferation of electric vehicles. For example, in 2021, there was a 107 percent increase from 2020 to 2021 sales of electric vehicles, with 6.9 million units sold worldwide (International Council on Clean Transportation, June 2023). Sales of light-duty vehicles (LDVs) drove the expansion of the special motors industry, while sales of heavy-duty vehicles (HDVs) accounted for just 2% of the total.
Because they incorporate advanced materials like cadmium and rhodium b, which provide excellent magnetic properties, increased electrical conductivity, and great heat resistance, the production cost of special motors is very costly. Manufacturing expenses are higher because the materials are more expensive compared to the usual materials used in regular motors. Furthermore, certain motors necessitate meticulous manufacturing processes, including tight tolerances, specialist machining methods, and complex assembly procedures, to guarantee optimum performance and dependability. As a result, the worldwide special motors market is stifled by the increased upfront cost caused by the additional criteria.
Several regional and international powerhouses make up the industry. These companies have solidified their positions in the most important application areas. Price, technology, and access to a worldwide supply network are the three main weapons used by major competitors in this market. In order to solidify their positions in the sector, both long-standing corporations and newcomers employ tactics like mergers and acquisitions, product launches, joint ventures, and brand promotions. In order to stay ahead of the competition, corporations are also investing in new product development and technology.
Report Coverage
Global Special Motors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Special Motors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Special Motors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Special Motors market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Special Motors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Special Motors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Ltd, Brook Crompton, Toshiba Corporation, Hyosung Corporation, Jiamusi Electric Machine Co., Ltd., Kollmorgen (Altra Industrial Motion Corp.), Nidec Corporation, Regal Beloit Corporation, Siemens, Valworx, Tsurumi (America), Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Special Motors market based on the below-mentioned segments:
Global Special Motors Market, By Type
Crane And Metallurgical Motors
Explosion Proof Motor
Other Types
Global Special Motors market, By Application
Coal Industry
Petrochemical Industry
Other Industry
Global Special Motors market, Regional Analysis
Different from general-purpose motors, special motors are created and intended to serve specific and unique purposes. High precision, high torque, particular climatic conditions, or integration with specialist systems are some of the needs that the motors are designed to fulfill. Furthermore, specialized motors are utilized in a wide range of industries to deliver tailored functionality and performance, such as robotics, automotive, aerospace, and medical equipment.
Coal and petrochemical companies rely heavily on specialized motors. Hazardous location motors, often known as explosion proof motors, are built to contain and contain an explosion in the event of an internal gas or vapour explosion. These motors are commonly found in areas prone to explosions caused by vapors, gasses, and dust, such as petrol stations, grain elevators, and chemical industries. The special motors industry is studied in depth in this report to provide readers with a thorough grasp of important aspects such as size, share, growth prospects, challenges, product kinds, applications, top players, and major regions in the world. The research goes into depth in its COVID-19 Impact Analysis, which looks at the potential pandemic aftereffects on the worldwide industry in terms of production, consumption, sales, demand, supply, and export/import status for both the present and the future.
The efficient operation of the propulsion systems in electric cars is dependent on specialized motors. Electrified vehicles rely on electric traction motors, which transform electrical energy into mechanical energy, to propel the vehicle forward. As an added bonus, electric vehicles may maximize their energy efficiency and driving range with the help of traction motors, which give great torque, efficiency, and dependability. By combining additional modern motors, such as permanent magnet motors and synchronous reluctance motors, specialized motors are able to provide higher efficiency than conventional motors while minimizing energy losses.
Finally, specialized motors to maximize efficiency and performance are in high demand due to the proliferation of electric vehicles. For example, in 2021, there was a 107 percent increase from 2020 to 2021 sales of electric vehicles, with 6.9 million units sold worldwide (International Council on Clean Transportation, June 2023). Sales of light-duty vehicles (LDVs) drove the expansion of the special motors industry, while sales of heavy-duty vehicles (HDVs) accounted for just 2% of the total.
Because they incorporate advanced materials like cadmium and rhodium b, which provide excellent magnetic properties, increased electrical conductivity, and great heat resistance, the production cost of special motors is very costly. Manufacturing expenses are higher because the materials are more expensive compared to the usual materials used in regular motors. Furthermore, certain motors necessitate meticulous manufacturing processes, including tight tolerances, specialist machining methods, and complex assembly procedures, to guarantee optimum performance and dependability. As a result, the worldwide special motors market is stifled by the increased upfront cost caused by the additional criteria.
Several regional and international powerhouses make up the industry. These companies have solidified their positions in the most important application areas. Price, technology, and access to a worldwide supply network are the three main weapons used by major competitors in this market. In order to solidify their positions in the sector, both long-standing corporations and newcomers employ tactics like mergers and acquisitions, product launches, joint ventures, and brand promotions. In order to stay ahead of the competition, corporations are also investing in new product development and technology.
Report Coverage
Global Special Motors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Special Motors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Special Motors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Special Motors market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB Ltd, Brook Crompton, Toshiba Corporation, Hyosung Corporation, Jiamusi Electric Machine Co., Ltd., Kollmorgen (Altra Industrial Motion Corp.), Nidec Corporation, Regal Beloit Corporation, Siemens, Valworx, Tsurumi (America), Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Special Motors Market from 2021 to 2031.
- Market Forecast for Special Motors Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Special Motors competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Special Motors
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Special Motors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Special Motors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Ltd, Brook Crompton, Toshiba Corporation, Hyosung Corporation, Jiamusi Electric Machine Co., Ltd., Kollmorgen (Altra Industrial Motion Corp.), Nidec Corporation, Regal Beloit Corporation, Siemens, Valworx, Tsurumi (America), Inc.
Primary Target Market
- Market Players of Special Motors
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Special Motors market based on the below-mentioned segments:
Global Special Motors Market, By Type
Crane And Metallurgical Motors
Explosion Proof Motor
Other Types
Global Special Motors market, By Application
Coal Industry
Petrochemical Industry
Other Industry
Global Special Motors market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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