The Thailand Low Voltage Electric Motor Market is Projected to Grow at a CAGR of 6.2% During 2019-25
Surging commercial sector on account of growing investment and rising transformation in industries such as automotive, electronics, petrochemical and agriculture segments would be the leading drivers for the growth of low voltage electric motors market in Thailand. Additionally, initiatives such as “Thailand 4.0”, and “Eastern Economic Corridor (EEC)”, would further fuel the market of low voltage electric motors in the country.
According to this research, Thailand low voltage electric motor market is projected to grow at a CAGR of 6.2% during 2019-25. The industrial segment is expected to acquire the highest revenue share in the future due to favorable government initiatives to strengthen the manufacturing sector and diversify the economy by building new industries in the regions of Chonburi, Rayong, and Chachoengsao under the Eastern Economic Corridor (EEC) initiative. Moreover, Thailand stands as one of the major automobile producers in the APAC region. Additionally, government inclination towards increasing production of vehicles in passenger and commercial segments would result in a surge in the number of automobile industries, which would, in turn, spur the demand for low voltage electric motors across the region during the forecast period.
In 2018, considering the product type, pumps accounted for the highest Thailand low voltage electric motor market share in terms of market revenues; however, compressors are considered as the key growing product segment through the forecast period.
The report thoroughly covers the market by types, voltage, products, and applications. The report provides an unbiased and detailed analysis of the trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical data of Thailand Low Voltage Electric Motor Market Revenues for the Period 2015-2018.
- Thailand Low Voltage Electric Motor Market Size & Thailand Low Voltage Electric Motor Market Forecast of Revenues until 2025.
- Historical Data of Thailand Low Voltage Electric Motor Market Revenues, by Types, for the Period 2015-2018.
- Market Size & Forecast of Thailand Low Voltage Electric Motor Market Revenues, by Types, until 2025.
- Historical Data of Thailand Low Voltage Electric Motor Market Revenues, by Voltage, for the Period 2015-2018.
- Market Size & Forecast of Thailand Low Voltage Electric Motor Market Revenues, by Voltage, until 2025.
- Historical Data of Thailand Low Voltage Electric Motor Market Revenues, by Products, for the Period 2015-2018.
- Market Size & Forecast of Thailand Low Voltage Electric Motor Market Revenues, by Products, until 2025.
- Historical Data of Thailand Low Voltage Electric Motor Market Revenues, by Applications, for the Period 2015-2018.
- Market Size & Forecast of Thailand Low Voltage Electric Motor Market Revenues, by Applications, until 2025.
- Market Trends
- Market Share, By players
- Competitive Benchmarking
- Market Drivers and Restraints
- Recent Market Trends
- Players Market Share
- Company Profiles
- Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
By Type
- AC
- Up to 60V
- 60.1V - 200V
- 200.1V - 1000V
- DC
- Up to 60V
- 60.1V - 200V
- 200.1V - 1000V
By Products
- Fans
- Compressors
- Pumps
- Conveyors
- Others (Centrifuges, Extruders, Winches, etc.)
By Applications
- Residential
- Commercial
- Industrial
- Automotive
- Power Utility and Water Treatment
- Others (Defense, Agriculture, Transportation Infrastructure, etc.)
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- ABB ltd
- Fuji Electric Co. Ltd.
- Mitsubishi Electric Corporation
- Nidec Corporation
- Regal Beloit Corporation
- Siemens AG
- TECO Electric & Machinery Co., Ltd.
- Toshiba Corporation
- WEG S.A.
- Wolong Electric Group
