The
global explosion proof motor market is expected to display higher growth rate over the
next five years. Rapid surge in explosion proof motors market is credited to
the growing number of initiatives undertaken by local governments to promote
use of energy-efficient motors. In addition, rise in number of promotional
activities adopted by government as well as private manufacturers is expected
to fuel the growth of the market over the forecast period. Globally, market is
predicted to generate massive revenue over next five years, providing numerous
opportunities for market players to invest for research and development in the
explosion proof motors market.
Use
of regular motors poses a serious threat, particularly when these motors are
operated in industrial atmosphere containing highly flammable or combustible
materials. Typically, the cause of highly flammable or combustible materials
include arcs, sparks or high temperatures during functioning of a motor.
Effects of such combustion rages from minor processing downtime to serious
injuries to workers. Avoiding large-scale effects is a matter of choosing
specific motor that can function properly in a harsh industrial atmosphere.
These factors are fostering market need for explosion proof motors, in the past
few years.
Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/explosion-proof-motor-market/request-sample
Factors
responsible for robust growth of the market include growing demand from various
end-user industries, increasing number of production lines and soaring demand
for energy-efficient motors for different industrial operations. Stringent laws
& regulation by regional governments are forcing end-use industries to
adopt energy-efficient equipment, thus propelling market demand, in the recent
years.
Growing
number of energy-intensive industries is expected to generate high-end demand
for energy-efficient motors over the forecast period. Furthermore, development
of improved designs and formation of contemporary explosion proof encapsulation
that averts the entry of vapor, duct, or gas in the motor causing explosion is
anticipated to play major role in the market growth over the coming years.
The
market is broadly categorized into four major segments based on the application
type such as oil & gas industry, chemicals & petrochemicals sector,
mining & metal industry, and energy & power generation sector. The oil
& gas industry segment is growing rapidly in the explosion proof motors industry
with substantial revenue generation in the last few years.
View Full Report with TOC @ https://www.millioninsights.com/industry-reports/explosion-proof-motor-market
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Explosion Proof Motor in these regions, from 2013 to 2025
(forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Explosion Proof Motor market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Toshiba
•
ABB
•
Siemens
•
WEG
•
Regal Beloit
•
Hyosung
•
Nidec
•
TECO- Westinghouse
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
EXd Type
•
Increased-Safety Type
•
Other Types
On the basis of the end users/applications,
this report focuses on the status and outlook for major applications/end users,
(sales), market share and growth rate for each application, including
•
Coal Industry
•
Petrochemical Industry
No comments:
Post a Comment