Energy Efficient Motor Market Forecast (2024-2031), Size, Share
The Energy Efficient Motor Market is expected to register a CAGR of 7.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Energy Efficient Motor Market report covers analysis by Efficiency Level (IE4, IE3, IE2, IE1); Type (AC Motors, DC Motors); Application (HVAC, Fans, Pumps, Compressors, Refrigeration, Material Handling, Material Processing); End-Use (Industrial, Commercial Building, Residential, Automotive, Aerospace and Defense, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Energy Efficient Motor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Energy Efficient Motor Market Segmentation
Efficiency Level- IE4
- IE3
- IE2
- IE1
- AC Motors
- DC Motors
- HVAC
- Fans
- Pumps
- Compressors
- Refrigeration
- Material Handling
- Material Processing
- Industrial
- Commercial Building
- Residential
- Automotive
- Aerospace and Defense
- Others
- Industrial
- Commercial Building
- Residential
- Automotive
- Aerospace and Defense
- Others
Strategic Insights
Energy Efficient Motor Market Growth Drivers- Energy-Efficient Motor Market Growth: Stricter energy regulations introduced by governments across the globe, is an important factor for the energy-efficient motor market. Policies on reducing consumption of energy, and therefore, emissions of greenhouse gases, lead industries to replace traditional motors with efficient ones. PEST analysis from all available and potential sources portrays significant support stemming from environmental and economic incentives. Compliance liabilities are forcing competitive analysis among manufacturers, which in turn fuels market growth and size of the global market.
- Widespread Application and Market Demand: The wide-scale application of energy-efficient motors in manufacturing, HVAC, and mining, where cost savings and performance benefits will be derived from their use, is dominated by pressure from increased electricity costs coupled with necessity to become more energy-efficient in the production process. Both the market trends and demand for energy-efficient motors have increased due to pressure from rising electricity costs and the need to become more efficient in their production. Markets are therefore analyzed based on various aspects of competition with innovations in optimizing performance and lowering energy use. Market size is significantly developed in this manner.
- Long-Term Cost Benefits and Sustainability: Increased lifecycle costs for motor operations make industries more attentive to energy-efficient solutions. Even though the investment made into these solutions is higher initially, the possibilities of saving money on energy bills over the long run and, additionally, even concerning maintenance improve the acceptance of this adoption. Apparently, companies that strive to outpace their competitors and achieve their sustainability goals continue to spur market growth and increase the size of the energy-efficient motor market through continued technological advancement.
- Energy-Efficient Motor Market Dynamics: Strict governmental rules for energy-efficient motors are driving the market dynamics. As a result, positive market prospects are in store. Among these market players, constant R&D investments have been featured to meet the needs for a more emergent standard, thereby making strategic moves in this regard to stay ahead in competition. SWOT shows that the factors of saving energy are considered to be strengths, while the high initial cost poses as a problem.
- Industrial Automation and Market Opportunities: With the growing industrial automation, demand is apparently on the rise; hence, huge market opportunities open up for major players who emphasize market strategies, like expanding their product lines to cater to various industrial requirements. Through SWOT analysis, strong demand is forecasted, with weaknesses associated with difficult processes of integration.
- Renewable Energy and Green Technologies: Renewed energy in the paradigm increases demands for energy-efficient motors, which consume minimum amounts of energy. Market Strategies are in line with integrating motors with smart grids and green technologies. Industry collaboration represents market dynamics. SWOT analysis is concentrated on renewable segments, which boast positive potential.
- Next-Generation Industrial Automation: The theme for the next generation in industrial automation is about transforming to energy-efficient motors. These consume less amount of energy and operate at relatively lower costs, thereby reducing both profit margins and productivity. Companies that produce smart efficient motors, which could cover the entire range of applications, may garner considerable market share as they drive business value through factors across geographies, particularly North America and Europe.
- Regulations and Green Programs: Rising regulations and green programs are motivating the world for energy-efficient usage of motors. The companies that make use of compliance-based programs will see more growth opportunities for companies, helping the industries reduce carbon emissions in their journey toward sustainability. Europe and North America as leading geographies on green initiatives.
- Smart City Programs: The smart city programs are creating demand for energy-efficient motor technologies in automation systems of the buildings. The market participants can use product development to optimize HVAC systems, lighting, and mobility solutions, transforming market dynamics and seize long-term growth potential.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Energy Efficient Motor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Energy Efficient Motor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Energy Efficient Motor Market is estimated to witness a CAGR of 7.1% from 2023 to 2031.
The major factors driving the Market are: Environmental regulations and sustainability, Growing demand for energy savings, Technological innovations in motor efficiency
Key future trends in this market are - Regulatory Push for Efficiency, Rising Industrial Automation, Focus on Renewable Energy Integration
Key companies of this market are: ABB Ltd, Bosch Rexroth AG, Brook Crompton, DEEP CORPORATION, Havells India Ltd, Honeywell International Inc, Regal Beloit Corporation, Rockwell Automation Inc, Siemens AG.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy Efficient Motor Market - By Efficiency Level
1.3.2 Energy Efficient Motor Market - By Type
1.3.3 Energy Efficient Motor Market - By Application
1.3.4 Energy Efficient Motor Market - By End-Use
1.3.5 Energy Efficient Motor Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY EFFICIENT MOTOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ENERGY EFFICIENT MOTOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENERGY EFFICIENT MOTOR MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY EFFICIENT MOTOR - GLOBAL MARKET OVERVIEW
6.2. ENERGY EFFICIENT MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - EFFICIENCY LEVEL
7.1. OVERVIEW
7.2. EFFICIENCY LEVEL MARKET FORECASTS AND ANALYSIS
7.3. IE4
7.3.1. Overview
7.3.2. IE4 Market Forecast and Analysis
7.4. IE3
7.4.1. Overview
7.4.2. IE3 Market Forecast and Analysis
7.5. IE2
7.5.1. Overview
7.5.2. IE2 Market Forecast and Analysis
7.6. IE1
7.6.1. Overview
7.6.2. IE1 Market Forecast and Analysis
8. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. AC MOTORS
8.3.1. Overview
8.3.2. AC Motors Market Forecast and Analysis
8.4. DC MOTORS
8.4.1. Overview
8.4.2. DC Motors Market Forecast and Analysis
9. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HVAC
9.3.1. Overview
9.3.2. HVAC Market Forecast and Analysis
9.4. FANS
9.4.1. Overview
9.4.2. Fans Market Forecast and Analysis
9.5. PUMPS
9.5.1. Overview
9.5.2. Pumps Market Forecast and Analysis
9.6. COMPRESSORS
9.6.1. Overview
9.6.2. Compressors Market Forecast and Analysis
9.7. REFRIGERATION
9.7.1. Overview
9.7.2. Refrigeration Market Forecast and Analysis
9.8. MATERIAL HANDLING
9.8.1. Overview
9.8.2. Material Handling Market Forecast and Analysis
9.9. MATERIAL PROCESSING
9.9.1. Overview
9.9.2. Material Processing Market Forecast and Analysis
10. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
10.1. OVERVIEW
10.2. END-USE MARKET FORECASTS AND ANALYSIS
10.3. INDUSTRIAL
10.3.1. Overview
10.3.2. Industrial Market Forecast and Analysis
10.4. COMMERCIAL BUILDING
10.4.1. Overview
10.4.2. Commercial Building Market Forecast and Analysis
10.5. RESIDENTIAL
10.5.1. Overview
10.5.2. Residential Market Forecast and Analysis
10.6. AUTOMOTIVE
10.6.1. Overview
10.6.2. Automotive Market Forecast and Analysis
10.7. AEROSPACE AND DEFENSE
10.7.1. Overview
10.7.2. Aerospace and Defense Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. ENERGY EFFICIENT MOTOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Energy Efficient Motor Market Overview
11.1.2 North America Energy Efficient Motor Market Forecasts and Analysis
11.1.3 North America Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.1.4 North America Energy Efficient Motor Market Forecasts and Analysis - By Type
11.1.5 North America Energy Efficient Motor Market Forecasts and Analysis - By Application
11.1.6 North America Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.1.7 North America Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.1.7.1 United States Energy Efficient Motor Market
11.1.7.1.1 United States Energy Efficient Motor Market by Efficiency Level
11.1.7.1.2 United States Energy Efficient Motor Market by Type
11.1.7.1.3 United States Energy Efficient Motor Market by Application
11.1.7.1.4 United States Energy Efficient Motor Market by End-Use
11.1.7.2 Canada Energy Efficient Motor Market
11.1.7.2.1 Canada Energy Efficient Motor Market by Efficiency Level
11.1.7.2.2 Canada Energy Efficient Motor Market by Type
11.1.7.2.3 Canada Energy Efficient Motor Market by Application
11.1.7.2.4 Canada Energy Efficient Motor Market by End-Use
11.1.7.3 Mexico Energy Efficient Motor Market
11.1.7.3.1 Mexico Energy Efficient Motor Market by Efficiency Level
11.1.7.3.2 Mexico Energy Efficient Motor Market by Type
11.1.7.3.3 Mexico Energy Efficient Motor Market by Application
11.1.7.3.4 Mexico Energy Efficient Motor Market by End-Use
11.2. EUROPE
11.2.1 Europe Energy Efficient Motor Market Overview
11.2.2 Europe Energy Efficient Motor Market Forecasts and Analysis
11.2.3 Europe Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.2.4 Europe Energy Efficient Motor Market Forecasts and Analysis - By Type
11.2.5 Europe Energy Efficient Motor Market Forecasts and Analysis - By Application
11.2.6 Europe Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.2.7 Europe Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Energy Efficient Motor Market
11.2.7.1.1 Germany Energy Efficient Motor Market by Efficiency Level
11.2.7.1.2 Germany Energy Efficient Motor Market by Type
11.2.7.1.3 Germany Energy Efficient Motor Market by Application
11.2.7.1.4 Germany Energy Efficient Motor Market by End-Use
11.2.7.2 France Energy Efficient Motor Market
11.2.7.2.1 France Energy Efficient Motor Market by Efficiency Level
11.2.7.2.2 France Energy Efficient Motor Market by Type
11.2.7.2.3 France Energy Efficient Motor Market by Application
11.2.7.2.4 France Energy Efficient Motor Market by End-Use
11.2.7.3 United Kingdom Energy Efficient Motor Market
11.2.7.3.1 United Kingdom Energy Efficient Motor Market by Efficiency Level
11.2.7.3.2 United Kingdom Energy Efficient Motor Market by Type
11.2.7.3.3 United Kingdom Energy Efficient Motor Market by Application
11.2.7.3.4 United Kingdom Energy Efficient Motor Market by End-Use
11.2.7.4 Russia Energy Efficient Motor Market
11.2.7.4.1 Russia Energy Efficient Motor Market by Efficiency Level
11.2.7.4.2 Russia Energy Efficient Motor Market by Type
11.2.7.4.3 Russia Energy Efficient Motor Market by Application
11.2.7.4.4 Russia Energy Efficient Motor Market by End-Use
11.2.7.5 Rest of Europe Energy Efficient Motor Market
11.2.7.5.1 Rest of Europe Energy Efficient Motor Market by Efficiency Level
11.2.7.5.2 Rest of Europe Energy Efficient Motor Market by Type
11.2.7.5.3 Rest of Europe Energy Efficient Motor Market by Application
11.2.7.5.4 Rest of Europe Energy Efficient Motor Market by End-Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Energy Efficient Motor Market Overview
11.3.2 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis
11.3.3 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.3.4 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.3.7 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Energy Efficient Motor Market
11.3.7.1.1 Australia Energy Efficient Motor Market by Efficiency Level
11.3.7.1.2 Australia Energy Efficient Motor Market by Type
11.3.7.1.3 Australia Energy Efficient Motor Market by Application
11.3.7.1.4 Australia Energy Efficient Motor Market by End-Use
11.3.7.2 China Energy Efficient Motor Market
11.3.7.2.1 China Energy Efficient Motor Market by Efficiency Level
11.3.7.2.2 China Energy Efficient Motor Market by Type
11.3.7.2.3 China Energy Efficient Motor Market by Application
11.3.7.2.4 China Energy Efficient Motor Market by End-Use
11.3.7.3 India Energy Efficient Motor Market
11.3.7.3.1 India Energy Efficient Motor Market by Efficiency Level
11.3.7.3.2 India Energy Efficient Motor Market by Type
11.3.7.3.3 India Energy Efficient Motor Market by Application
11.3.7.3.4 India Energy Efficient Motor Market by End-Use
11.3.7.4 Japan Energy Efficient Motor Market
11.3.7.4.1 Japan Energy Efficient Motor Market by Efficiency Level
11.3.7.4.2 Japan Energy Efficient Motor Market by Type
11.3.7.4.3 Japan Energy Efficient Motor Market by Application
11.3.7.4.4 Japan Energy Efficient Motor Market by End-Use
11.3.7.5 South Korea Energy Efficient Motor Market
11.3.7.5.1 South Korea Energy Efficient Motor Market by Efficiency Level
11.3.7.5.2 South Korea Energy Efficient Motor Market by Type
11.3.7.5.3 South Korea Energy Efficient Motor Market by Application
11.3.7.5.4 South Korea Energy Efficient Motor Market by End-Use
11.3.7.6 Rest of Asia-Pacific Energy Efficient Motor Market
11.3.7.6.1 Rest of Asia-Pacific Energy Efficient Motor Market by Efficiency Level
11.3.7.6.2 Rest of Asia-Pacific Energy Efficient Motor Market by Type
11.3.7.6.3 Rest of Asia-Pacific Energy Efficient Motor Market by Application
11.3.7.6.4 Rest of Asia-Pacific Energy Efficient Motor Market by End-Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Energy Efficient Motor Market Overview
11.4.2 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis
11.4.3 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.4.4 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.4.7 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Energy Efficient Motor Market
11.4.7.1.1 South Africa Energy Efficient Motor Market by Efficiency Level
11.4.7.1.2 South Africa Energy Efficient Motor Market by Type
11.4.7.1.3 South Africa Energy Efficient Motor Market by Application
11.4.7.1.4 South Africa Energy Efficient Motor Market by End-Use
11.4.7.2 Saudi Arabia Energy Efficient Motor Market
11.4.7.2.1 Saudi Arabia Energy Efficient Motor Market by Efficiency Level
11.4.7.2.2 Saudi Arabia Energy Efficient Motor Market by Type
11.4.7.2.3 Saudi Arabia Energy Efficient Motor Market by Application
11.4.7.2.4 Saudi Arabia Energy Efficient Motor Market by End-Use
11.4.7.3 U.A.E Energy Efficient Motor Market
11.4.7.3.1 U.A.E Energy Efficient Motor Market by Efficiency Level
11.4.7.3.2 U.A.E Energy Efficient Motor Market by Type
11.4.7.3.3 U.A.E Energy Efficient Motor Market by Application
11.4.7.3.4 U.A.E Energy Efficient Motor Market by End-Use
11.4.7.4 Rest of Middle East and Africa Energy Efficient Motor Market
11.4.7.4.1 Rest of Middle East and Africa Energy Efficient Motor Market by Efficiency Level
11.4.7.4.2 Rest of Middle East and Africa Energy Efficient Motor Market by Type
11.4.7.4.3 Rest of Middle East and Africa Energy Efficient Motor Market by Application
11.4.7.4.4 Rest of Middle East and Africa Energy Efficient Motor Market by End-Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Energy Efficient Motor Market Overview
11.5.2 South and Central America Energy Efficient Motor Market Forecasts and Analysis
11.5.3 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.5.4 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Type
11.5.5 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Application
11.5.6 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.5.7 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Energy Efficient Motor Market
11.5.7.1.1 Brazil Energy Efficient Motor Market by Efficiency Level
11.5.7.1.2 Brazil Energy Efficient Motor Market by Type
11.5.7.1.3 Brazil Energy Efficient Motor Market by Application
11.5.7.1.4 Brazil Energy Efficient Motor Market by End-Use
11.5.7.2 Argentina Energy Efficient Motor Market
11.5.7.2.1 Argentina Energy Efficient Motor Market by Efficiency Level
11.5.7.2.2 Argentina Energy Efficient Motor Market by Type
11.5.7.2.3 Argentina Energy Efficient Motor Market by Application
11.5.7.2.4 Argentina Energy Efficient Motor Market by End-Use
11.5.7.3 Rest of South and Central America Energy Efficient Motor Market
11.5.7.3.1 Rest of South and Central America Energy Efficient Motor Market by Efficiency Level
11.5.7.3.2 Rest of South and Central America Energy Efficient Motor Market by Type
11.5.7.3.3 Rest of South and Central America Energy Efficient Motor Market by Application
11.5.7.3.4 Rest of South and Central America Energy Efficient Motor Market by End-Use
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ENERGY EFFICIENT MOTOR MARKET, KEY COMPANY PROFILES
13.1. ABB LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BOSCH REXROTH AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BROOK CROMPTON
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DEEP CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HAVELLS INDIA LTD
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HONEYWELL INTERNATIONAL, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. REGAL BELOIT CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROCKWELL AUTOMATION, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SIEMENS AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WEG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ABB Ltd
2. Bosch Rexroth AG
3. Brook Crompton
4. DEEP CORPORATION
5. Havells India Ltd
6. Honeywell International, Inc.
7. Regal Beloit Corporation
8. Rockwell Automation, Inc.
9. Siemens AG
10. WEG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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