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Motor Protection - Global Market Trajectory & Analytics

  • ID: 4805320
  • Report
  • April 2021
  • Region: Global
  • 287 Pages
  • Global Industry Analysts, Inc
Global Motor Protection Market to Reach $6.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Motor Protection estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Overload Relay, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vacuum Contactor segment is readjusted to a revised 5.7% CAGR for the next 7-year period.





The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 8.8% CAGR

The Motor Protection market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Combination Starter Segment to Record 5.4% CAGR

In the global Combination Starter segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$449.4 Million in the year 2020 will reach a projected size of US$630.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$915.9 Million by the year 2027, while Latin America will expand at a 6.5% CAGR through the analysis period.

Select Competitors (Total 44 Featured):
  • ABB Group
  • Danfoss A/S
  • Eaton Corporation PLC
  • Fuji Electric Co., Ltd.
  • General Electric Company
  • Larsen & Toubro Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric SA
  • Siemens AG
  • Toshiba International Corporation (TIC)
Frequently Asked Questions about the Global Market for Motor Protection

What is the estimated value of the Global Market for Motor Protection?

The Global Market for Motor Protection was estimated to be valued at $4.6 Billion in 2020.

What is the growth rate of the Global Market for Motor Protection?

The growth rate of the Global Market for Motor Protection is 5.7%, with an estimated value of $6.8 Billion by 2027.

What is the forecasted size of the Global Market for Motor Protection?

The Global Market for Motor Protection is estimated to be worth $6.8 Billion by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Introduction
  • Major Requirements for Efficient Motor Management
  • Product Definitions
  • Motor Protection Circuit Breaker Product Overview
  • Combination Starters
  • Vacuum contactor
  • Overload Relays

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Use of Variable Frequency Drives Deamnd for Motor Protection Solutions
  • Motor Protection in Oil & Gas Industry
  • Advances in Motor Protection
  • Rise in Demand for High Power Motor Protection Devices
  • Deepwater Investments to Drive Demand for Motor Protection Devices
  • Increasing Demand for Motors from Diverse Industries Drive Growth Momentum

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown