Integral Horse Power Motors are electrical motors which have horse power rating of 1 or above. These motors are highly energy efficient in nature and used across various application areas. The market is expected to grow during the forecast period. The rising global awareness to save energy is driving the market for integral horsepower motors as these motors are highly energy efficient in nature. Furthermore, the industries are using these motors to save on their electrical expenditures and hence reducing their operating costs. The integral horsepower motors are divided in two categories, three phase and single phase integral horse power motors. Each of these types of motors have a wide area of applications such as refrigeration, heating and cooling, air conditioning, swimming pools, industrial applications and commercial HVAC among others. The improving economical conditions in the European regions are expected to the drive the market with the increasing demand for automotives and growing industrial applications. Furthermore, the changing government regulation in Europe and North America markets is encouraging the use of energy efficient motors. In addition, the growing awareness for alternate sources of energy such as water and waste water is also spurring the growth of integral horsepower motors. These factors are driving the growth for this market.
However, the higher initial cost of installing these motors is acting as a major barrier in the growth of this market. The market is expected to witness growth during the forecast period due to the presence of developing regions such as India and China. The ongoing industrialization in these regions will act as an opportunity for the integral horsepower motors market. Furthermore, the schemes initiated by governments to encourage the companies to upgrade their motors for higher efficiency will also act as an opportunity for the integral horsepower motors market.
The integral horsepower motors market can be segmented into three categories: by types, application and region. By types the integral horsepower motors can be divided into small, medium and large motors. In terms of application, the market can be segregated into automotive industries, mining, power generation, food and beverages and HVAC segments. The automotive segment has major application for integral horsepower motors and is expected to witness steady growth during the forecast period.
In terms of region, the market can be divided into grow geographical locations: North America, Europe, Asia Pacific and Rest of the world. North America and Europe are the early adapters of technologies. However, the regions will witness a steady growth in this market due to the recent economic crisis in these regions. However, the Asia Pacific region is expected to witness robust growth due to the presence of developing nations such as India and China who are focusing on constant industrialization.
The integral horsepower motors are dominated by several players across the globe. Some of the key players in the market include ABB Ltd, Brook Crompton, Allied Motion Technologies, ARC Systems, Danaher Corporation, Rockwell Automation, TECO Westinghouse, Toshiba Corporation, Siemens AG, Emerson Electric and Regal Beloit among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.