Motor Repair and Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

  • ID: 4592310
  • Report
  • Region: Global
  • 74 pages
  • IMARC Group
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FEATURED COMPANIES

  • ABB Group
  • Regal Beloit
  • Siemens Ag
  • WEG SA
  • MORE
Electric motors find applications in diverse industries ranging from food and beverage to mining where they are installed in compressors, machine tools, industrial fans, etc. Since they have a huge impact on a business’ profitability and productivity, it is vital to ensure that these motors perform well. Consequently, it is important to perform regular preventive maintenance (PM) checks on electric motors. The general procedure includes visual inspection, maintenance check on the commutator and brush, motor winding test, and bearing inspection. Moreover, repairing electric motors is cost-effective than replacing the entire machine, thereby being an optimum alternative.“Motor Repair and Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global motor repair and maintenance market reached a value of US$ 28.35 Billion in 2017.

Preventive maintenance of motors lessens the risk factor, saves energy, improves equipment life and reduces downtime. Regular use of electric motors in various end-use industries, such as HVAC, mining, food and beverage, etc., is impelling the growth of the repair and maintenance market worldwide. Apart from this, the utilisation of electric motors has grown significantly in various sectors due to increasing automation. Advancements in the automation industry are changing the nature of repair and maintenance of motors, including the type of specialist equipment and skills required. Due to the employment of intricate machinery, the demand for motor repair and maintenance services is anticipated to rise in the coming years. Looking forward, the market is projected to reach a value of US$ 34.67 Billion by 2023, expanding at a CAGR of 3.4% during 2018-2023.

Market Summary:

Based on type, the market has been bifurcated into general repair and overhaul. Currently, general repair dominates the market, thereby holding the largest share. The general repair segment has been further categorised into bearing, stator and rotor.

On the basis of service, off-site service represents the largest segment, followed by on-site service.

The market has also been segregated on the basis of end-use industry. At present, the utilities segment accounts for the majority of the total market share, followed by the HVAC, food and beverages, and mining segments.

Region-wise, the market has been divided into Asia Pacific, North America, Europe and Rest of the World (RoW). Amongst these, Asia Pacific is the leading market, holding the majority of the global share.

The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG, Regal Beloit, TECO E&M/TECO-Westinghouse, Leroy Somer and Shandong Huali.

This report provides a deep insight into the global motor repair and maintenance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the motor repair and maintenance market in any manner.

Key Questions Answered in This Report:
  • How has the global motor repair and maintenance market performed so far and how will it perform in the coming years?
  • What are the key regions in the global motor repair and maintenance market?
  • Which are the major types in the global motor repair and maintenance market?
  • What are the key service segments in the global motor repair and maintenance market?
  • What are the major end-use sectors in the global motor repair and maintenance market?
  • What are the various stages in the value chain of the global motor repair and maintenance market?
  • What are the key driving factors and challenges in the global motor repair and maintenance market?
  • What is the structure of the global motor repair and maintenance market and who are the key players?
  • What is the degree of competition in the global motor repair and maintenance market?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Group
  • Regal Beloit
  • Siemens Ag
  • WEG SA
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Motor Repair and Maintenance Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Service
5.5 Market Breakup by End Use Industry
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Success and Risk Factors

6 Market Breakup by Type
6.1 General Repair
6.1.1 Market Breakup by General Repair Type
6.1.1.1 Bearing
6.1.1.2 Stator
6.1.1.3 Rotor
6.1.1.4 Others
6.2 Overhaul

7 Market Breakup by Service
7.1 On-site Service
7.2 Off-site Service

8 Market Breakup by End Use Industry
8.1 Utilities (water, electricity and gas)
8.2 HVAC
8.3 Food and Beverage
8.4 Mining
8.5 Others

9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Rest of the World

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 ABB Group
10.3.1.1 Company Overview
10.3.1.2 Company Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 Key Contacts
10.3.2 Siemens Ag
10.3.2.1 Company Overview
10.3.2.2 Company Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 Key Contacts
10.3.3 WEG SA
10.3.3.1 Company Overview
10.3.3.2 Company Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 Key Contacts
10.3.4 Regal Beloit
10.3.4.1 Company Overview
10.3.4.2 Company Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 Key Contacts
10.3.5 TECO E&M/TECO-Westinghouse
10.3.5.1 Company Overview
10.3.5.2 Company Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 Key Contacts

List of Figures
Figure 1: Global: Motor Repair and Maintenance Market: Major Drivers and Challenges
Figure 2: Global: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Motor Repair and Maintenance Market: Breakup by Type (in %), 2017
Figure 4: Global: Motor Repair and Maintenance Market: Breakup by Service (in %), 2017
Figure 5: Global: Motor Repair and Maintenance Market: Breakup by End Use Industry (in %), 2017
Figure 6: Global: Motor Repair and Maintenance Market: Breakup by Region (in %), 2017
Figure 7: Global: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Motor Repair and Maintenance Industry: SWOT Analysis
Figure 9: Global: Motor Repair and Maintenance Industry: Value Chain Analysis
Figure 10: Global: Motor Repair and Maintenance Industry: Porter’s Five Forces Analysis
Figure 11: Global: General Repair Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 12: Global: Bearing General Repair Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 13: Global: Stator General Repair Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 14: Rotor General Repair Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 15: Others General Repair Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 16: Global: Overhaul Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 17: Global: On-site Service Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 18: Global: Off-site Service Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 19: Global: Utilities Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 20: Global: HVAC Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 21: Global: Food and Beverage Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 22: Global: Mining Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 23: Global: Others Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 24: North America: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 25: Europe: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 26: Asia Pacific: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 27: Rest of the World: Motor Repair and Maintenance Market: Sales Value(in Billion US$), 2010, 2017 & 2023

List of Tables
Table 1: Global: Motor Repair and Maintenance Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Motor Repair and Maintenance Forecast: Breakup by Type (in Billion US$), 2018-2023
Table 3: Global: Motor Repair and Maintenance Forecast: Breakup by General Repair Type (in Billion US$), 2018-2023
Table 4: Global: Motor Repair and Maintenance Forecast: Breakup by Service Type (in Billion US$), 2018-2023
Table 5: Global: Motor Repair and Maintenance Market Forecast: Breakup by End Use Industry (in Billion US$), 2018-2023
Table 6: Global: Motor Repair and Maintenance Market Forecast: Breakup by Region (in Billion US$), 2018-2023
Table 7: Global: Motor Repair and Maintenance Market Structure
Table 8: Global: Motor Repair and Maintenance Market: Key Players
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  • ABB Group
  • Siemens Ag
  • WEG SA
  • Regal Beloit
  • TECO E&M/TECO-Westinghouse
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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