The North American industrial motors market was valued at US$6.873 billion in 2021.
Recent exploration activities in the region have led to substantial investments by large multinational companies owing to the discovery of sizeable shale gas deposits. In January 2017, ExxonMobil and Hess announced the drilling of a Deepwater exploration well in Guyana which may be accounted as one of the richest oil and natural gas discoveries in decades. Rising purchasing power and improving living standards along with the growing awareness regarding good health and fitness is augmenting the demand for processed food and beverage products in the region. The pulp and paper industry in Brazil is continuously growing owing to healthy demand along with the presence of modern industrial facilities with the best genetic engineering and the highest forestry productivity per hectare. Positive socio-demographic trends, a large housing shortage, and a growing middle-class population along with government efforts to regenerate economic growth are boosting the construction industry in the region. Programs like the Logistics Investment Program, and ‘My House, My Life’ will boost the industry’s growth and thus, the demand for industrial motors by various industry sectors.
This research study examines the North American industrial motors market based on various segments: motor type, voltage, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes North America’s industrial motors industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the North American industrial motors market. Moreover, the research study analyzes the overall regulatory framework of North America’s industrial motors sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
North America industrial motors market – Forecasts from 2023 to 2028 are a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the North American industrial motors market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$6.873 billion |
| Growth Rate | CCAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Motor Type, Voltage, End-User, and Country |
| Regions Covered | U.S.A., Canada, Mexico |
| Companies Covered | ABB, Ametek, Emerson Electric, Rockwell Automation, Siemens, Schneider Electric, Toshiba Corporation, Technosoft, Fuji Electric, RobotShop |
| Customization Scope | Free report customization with purchase |
Different segments covered under the North American industrial motors market report are as below: