The global industrial motors market was valued at US$ 653.0 million in 2022. From 2022 to 2032, the market is projected to expand slowly at a CAGR of 3.5%. This is likely to propel the market’s valuation to US$ 917.3 million in 2032.
Industrial motors are electric motors that are used for deriving mechanical energy from electicity. Most industrial motors are powered by sources of alternating current (AC) such as generators and power grids. However, certain industrial motors are designed to be compatible with direct current (DC).
These motors can draw power from batteries. Both AC and DC industrial motors are critical across all industries for their usefulness in powering machine and power tools, pumps, industrial fans, rolling mills, turbines, compressors, and more. In recent years, players in the industrial motors market have launched universal motors as well, which are compatible with both AC and DC sources.
AC motors are categorized into synchronous and asynchronous motors. Synchronous motors are dependent on the connection between mechanics and electricity. They are typically used in electrical generators as they are adept at maintaining electrical efficiency and managing power losses.
Asynchronous motors are reliant on electromagnetic induction, which turns the motors’ rotors. Also known as induction motors, these motors are common across industrial plants where heavy-duty lifting equipment use is necessary.
DC motors are categorized into brushed and brushless motors. Brushed motors need enhanced power sources for operations, and their use is prevalent in industrial cranes and hoists. Brushless motors, as their name suggests, can operate without brushes. These motors are finding more favor across industrial plants, especially the ones with presses, as they are safer than brushed motors.
Every industrial motor consists of five critical components. The rotor or armature is the motor’s moving part. It facilitates shaft rotation, which results in the generation of mechanical power. Right in the middle of the electromagnetic circuit lies the stator, which has the ability of decreasing energy use. Between the stator and rotor, there should be an air gap. Without an air gap, the motor’s performance is likely to be hampered. However, the air gap should be minimal. Industrial motors also consist of insulated wires known as coils or windings. These wires are typically made of copper. Aluminum wires are also becoming increasingly popular. The final critical component is the commutator, which is responsible for the switching process.
| Attribute | Key Insights |
|---|---|
| Estimated Industrial Motors Market Value (2022) | US$ 653.0 million |
| Projected Market Value (2032) | US$ 917.3 million |
| Value-based CAGR (2022 to 2032) | 3.5% |
| Top Players Share in 2021 | 43.0% |
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From 2017 to 2021, the global industrial motors market was observed to expand at an extremely sluggish CAGR of around 1.7%. This sluggish rate of expansion came as a result of the impact of the COVID-19 pandemic. During the pandemic’s worst phases where lockdowns had to be enforced, industrial activities came to a grinding halt and the manufacturing industry took the biggest hit.
Compared to the CAGR registered by the market between 2017 and 2021, the 3.5% CAGR anticipated from 2022 to 2032 reflects a more positive market environment. The increasing emphasis on Industry 4.0 is set to drive market acceleration in the coming years. Across several regions, industrial automation is driving the manufacturing industry toward greater productivity.
According to the Industrial Energy Accelerator, millions of electrical motors installed worldwide utilize roughly 70% of all electrical energy consumed by various companies. Motors are essential in practically every sector, as they power basic industrial processes and auxiliary systems including ventilation, compressed air generation, and water pumping.
Europe is anticipated to hold a prominent share of the market due to the growing end use industry in the region which is anticipated to boost the market from 2022 to 2032. According to Future Market Insights (FMI) estimates, Europe is likely to have a 30% share in the global market in 2032.
Rising Awareness of Smart Motors to Fuel Sales of Automation-driven Industrial Motors
Trends in the market for industrial motors are fast changing. Traditional motor designs and installation specifications have changed drastically since the introduction of smart technology. Motors have become more capable and versatile as a result of the incorporation of digital technologies.
Motors with sophisticated controllers and advanced communication capabilities can be leveraged by manufacturers to increase performance and achieve operational efficiencies. Smart motors allow for predictive machine diagnosis, which reduces downtime and increases process efficiency.
The industrial internet of things (IIoT), which provides a higher ROI than traditional motors, has resulted in the replacement of conventional machinery with smart, modern variants. Due to technical advancements, manufacturers can now create smart motors that use less energy and provide more efficiency at a cheaper cost. Smart motor manufacturers claim that their products can reduce energy consumption by 40%. As a result of these factors, the sales of industrial motors are increasing.
Principal Consultant
Research & Development the Only Way Forward for Market Players to Innovate and Capitalize on Opportunities
With exponential advancements in the energy and utility sectors, the industrial motors market is transforming in line with growing industry 4.0 trends. Simultaneously, policies aimed at reducing energy consumption, cutting CO2 emissions, and maintaining reliable power supply systems are driving demand for modern industrial motors. Efficient motors help to reduce energy expenses and CO2 emissions.
According to ABB, electric motors utilize around 65% of the electricity used in industrial applications. As a result, the industry's potential for energy savings is enormous. Due to the growing application of the Industrial Internet of Things (IIoT), users of manufacturing equipment have shifted their focus to a life cycle strategy, which involves investing in critical equipment to get the best returns on investment (ROI). As a result, rigorous research and the implementation of industry standards in products are likely to create attractive opportunities for established players to build a comprehensive product portfolio and attain worldwide market domination.
Full-swing Industrial Operations in the United States to Fuel Demand for Industrial Motors
In 2022, the United States industrial motors market was estimated to register 2.8% year on year growth by volume. Due to increased exploitation of shale reserves and oil & gas projects expected in the coming years, the United States is predicted to lead the industrial motors market between 2022 and 2032.
Strict wastewater treatment policies in all industries, recovery in the oil & gas and mining industries, developments in the construction industry, and expansion of industrial infrastructure are the prominent factors driving the market. The study projects that the United States market is likely to surpass a valuation of US$ 167.2 million in 2032.
Chinese Government’s Initiatives to Transform Industry Operations to Spur Market Acceleration
From 2022 to 2032, China market for industrial motors is estimated to grow at a CAGR of 4.1%. In China, smart manufacturing activities are promoting the usage of industrial motors. The country has launched several smart manufacturing pilot projects, according to the Ministry of Industry and Information Technology.
According to the 14th smart manufacturing five year plan, the government also plans to improve its intelligent manufacturing systems and transform the country’s primary industries by 2025. A valuation of US$ 166.7 million is anticipated for China market for industrial motors in 2032.
Government’s Drive to Make India Self-Sufficient to Accelerate Country’s Industrial Motors Market
India is a market to watch out for from 2022 to 2032 due to its status as a rapidly-growing economy. In an update shared by the Government of India in 2022, 42 oil & gas blocks had been put up for development via competitive international bidding. The Government has suggested that it is open to doubling the area to be developed for reducing the country’s reliance on foreign countries for its fuel.
FMI expects India market for industrial motors to register a steady 5.4% CAGR between 2022 and 2032. As industrial activities in the country continue to expand, the coming years are anticipated to be ripe for both local and international players.
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Emission Reduction Priorities to Push Demand for Industrial Motors in Oil & Gas Sector
The global oil & gas industry was estimated to have reached a value of US$ 112.7 million in 2022 and it is projected to reach US$ 164.6 million by 2032, registering a CAGR of 3.9% from 2022 to 2032. With growing awareness of rapid climate change and the need to reduce CO2 emissions, the oil & gas market is increasingly recognizing the importance of energy efficient motors.
Technological advancements and innovations are essential drivers of industry growth. Growing demand for industrial motors that can withstand even the most demanding applications while providing high efficiency and low maintenance is also driving market growth. As oil & gas production and consumption grow, the demand for efficient machinery is set to boost the sales of industrial motors in the oil & gas industry.
AC Motor Sales to Skyrocket Owing to Benefits Such as Low Maintenance Needs and Reliability
By product type, the AC Motors type is projected to create an absolute dollar opportunity of more than US$ 196.4 million between 2022 and 2032. The AC motors segment dominates the market and is predicted to increase significantly in the coming years due to the reliability and low maintenance requirements of AC motors compared to DC motors.
Besides this, these motors do not require commutators, brushes, or slip rings. They do not have parts that wear out on a regular basis, making them ideal for applications where the motor must be continuously available to operate without supervision.
Globally, leading organizations are strategizing to generate profits by delivering industrial motors under integrated units. Incorporation of controlling solutions, monitoring systems, integrated controllers, and other auxiliary components are resulting in increased brand visibility. Key manufacturers are focusing on expanding their regional markets and establishing a direct presence in local markets through mergers and acquisitions with local suppliers. They are also increasing their investments in technologically enhanced products to fulfil demand from end use industries.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 653.0 million |
| Projected Market Size (2032) | US$ 917.3 million |
| Anticipated Growth Rate (2022 to 2032) | 3.5% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ million for Value |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia Pacific, and Middle East and Africa |
| Key Countries Covered | The United States., Canada, Mexico, Brazil, Germany, Italy, France, The United Kingdom., Spain, BENELUX, Russia, Turkey, South Africa, Gulf Co-operation Council Countries, Northern Africa, Japan, China, South Korea, India, ASEAN, Australia, New Zealand. |
| Key Segments Covered | Power Output, Product Type, End Use, Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiative |
The global market for industrial motors was estimated to have a valuation of US$ 653.0 million in 2022.
The demand for industrial motors is projected to increase by 3.5% from 2022 to 2032.
The demand in India is projected to grow at 5.4% CAGR from 2022 to 2032.
ABB Group, Siemens AG, Hyundai Electric Co. Ltd., Toshiba Corporation, Nidec Corporation, Hitachi, Ltd., WEG S.A., General Electric Co., Bonfiglioli Riduttori S.p.A. and Hyosung Corporation are the top players holding 70% to 80% of the global market share.
The market for industrial motors by volume in China is expected to surge at 4.1% CAGR between 2022 and 2032.
1. Executive Summary | Industrial Motors Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Units) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Power Output
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Growth Outlook
8.1.2. Real GDP Growth
8.1.3. Manufacturing, value added by Key Countries
8.1.4. Industry Value Added by key Countries
8.1.5. Global Chemical Industry Outlook
8.1.6. Global Mining Industry Overview
8.1.7. Global Crude Oil Production and Demand Overview
8.2. Forecast Factors - Relevance & Impact
8.2.1. Power Generation Industry Outlook
8.2.2. Impact of Regulations
8.2.3. Top Companies Historical Growth
8.2.4. Growth in Production Capacities
8.2.5. New Product Development
8.2.6. Acquisitions by Leading Players
8.3. Value Chain
8.3.1. List of Manufacturers
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2017 to 2021
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2022 to 2032
9.3.1. AC Motors
9.3.1.1. Induction Motor
9.3.1.2. Synchronous Motor
9.3.2. DC Motors
9.3.2.1. Brushed DC
9.3.2.2. Brushless DC
9.4. Market Attractiveness Analysis By Product Type
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Output
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Power Output, 2017 to 2021
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Power Output, 2022 to 2032
10.3.1. 1-5 MW
10.3.2. 5 – 10 MW
10.3.3. 10 - 15 MW
10.3.4. 15 - 20 MW
10.3.5. 20 - 25 MW
10.4. Market Attractiveness Analysis By Power Output
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2017 to 2021
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2022 to 2032
11.3.1. Oil & Gas
11.3.2. Energy
11.3.3. Mining
11.3.4. Cement
11.3.5. Metal and Steel
11.3.6. Pulp and Paper
11.3.7. Chemical
11.3.8. Water and Wastewater
11.3.9. Marine
11.3.10. Other Industrial
11.4. Market Attractiveness Analysis By End Use
12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2017 to 2021
12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia and the Pacific
12.3.6. The Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.3.1. By Country
13.3.1.1. The United States
13.3.1.2. Canada
13.3.2. By Product Type
13.3.3. By Power Output
13.3.4. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Power Output
13.4.4. By End Use
14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Product Type
14.3.3. By Power Output
14.3.4. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Power Output
14.4.4. By End Use
15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. The United Kingdom
15.3.1.5. Spain
15.3.1.6. BENELUX
15.3.1.7. Russia
15.3.1.8. Rest of Europe
15.3.2. By Product Type
15.3.3. By Power Output
15.3.4. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Power Output
15.4.4. By End Use
16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Product Type
16.3.3. By Power Output
16.3.4. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Power Output
16.4.4. By End Use
17. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.3.1. By Country
17.3.1.1. India
17.3.1.2. ASEAN
17.3.1.3. Oceania
17.3.1.4. Rest of South Asia & Pacific
17.3.2. By Product Type
17.3.3. By Power Output
17.3.4. By End Use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Power Output
17.4.4. By End Use
18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. Northern Africa
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. By Product Type
18.3.3. By Power Output
18.3.4. By End Use
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Product Type
18.4.3. By Power Output
18.4.4. By End Use
19. Key Countries Market Analysis
19.1.1. Introduction
19.1.2. Market Value Proportion Analysis, By Key Countries
19.1.3. Global Vs. Country Growth Comparison
19.2. The United States Market Analysis
19.2.1. By Product Type
19.2.2. By Power Output
19.2.3. By End Use
19.3. Canada Market Analysis
19.3.1. By Product Type
19.3.2. By Power Output
19.3.3. By End Use
19.4. Mexico Market Analysis
19.4.1. By Product Type
19.4.2. By Power Output
19.4.3. By End Use
19.5. Brazil Market Analysis
19.5.1. By Product Type
19.5.2. By Power Output
19.5.3. By End Use
19.6. Germany Market Analysis
19.6.1. By Product Type
19.6.2. By Power Output
19.6.3. By End Use
19.7. Italy Market Analysis
19.7.1. By Product Type
19.7.2. By Power Output
19.7.3. By End Use
19.8. France Market Analysis
19.8.1. By Product Type
19.8.2. By Power Output
19.8.3. By End Use
19.9. The United Kingdom Market Analysis
19.9.1. By Product Type
19.9.2. By Power Output
19.9.3. By End Use
19.10. Spain Market Analysis
19.10.1. By Product Type
19.10.2. By Power Output
19.10.3. By End Use
19.11. BENELUX Market Analysis
19.11.1. By Product Type
19.11.2. By Power Output
19.11.3. By End Use
19.12. Russia Market Analysis
19.12.1. By Product Type
19.12.2. By Power Output
19.12.3. By End Use
19.13. China Market Analysis
19.13.1. By Product Type
19.13.2. By Power Output
19.13.3. By End Use
19.14. Japan Market Analysis
19.14.1. By Product Type
19.14.2. By Power Output
19.14.3. By End Use
19.15. S. Korea Market Analysis
19.15.1. By Product Type
19.15.2. By Power Output
19.15.3. By End Use
19.16. India Market Analysis
19.16.1. By Product Type
19.16.2. By Power Output
19.16.3. By End Use
19.17. ASEAN Market Analysis
19.17.1. By Product Type
19.17.2. By Power Output
19.17.3. By End Use
19.18. Oceania Market Analysis
19.18.1. By Product Type
19.18.2. By Power Output
19.18.3. By End Use
19.19. GCC Countries Market Analysis
19.19.1. By Product Type
19.19.2. By Power Output
19.19.3. By End Use
19.20. Turkey Market Analysis
19.20.1. By Product Type
19.20.2. By Power Output
19.20.3. By End Use
19.21. Northern Africa Market Analysis
19.21.1. By Product Type
19.21.2. By Power Output
19.21.3. By End Use
19.22. South Africa Market Analysis
19.22.1. By Product Type
19.22.2. By Power Output
19.22.3. By End Use
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies ()
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis – By Product Footprint
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. General Electric
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Key Financials by Market Segments (Product/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Hitachi Ltd.
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Key Financials by Market Segments (Product/Region)
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. Nidec Corporation
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Key Financials by Market Segments (Product/Region)
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. WEG SA
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Key Financials by Market Segments (Product/Region)
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. Siemens AG
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Key Financials by Market Segments (Product/Region)
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. ABB Ltd.
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Key Financials by Market Segments (Product/Region)
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. Regal Rexnord Corporation
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Key Financials by Market Segments (Product/Region)
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Toshiba Corporation
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Key Financials by Market Segments (Product/Region)
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.9. Hyosung Corporation
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Key Financials by Market Segments (Product/Region)
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.10. Bonfiglioli Riduttori S.p.A.
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Key Financials by Market Segments (Product/Region)
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
21.3.11. Kirloskar Electric Company
21.3.11.1. Overview
21.3.11.2. Product Portfolio
21.3.11.3. Key Financials by Market Segments (Product/Region)
21.3.11.4. Sales Footprint
21.3.11.5. Strategy Overview
21.3.12. Hyundai Electric & Energy Systems Co., Ltd.
21.3.12.1. Overview
21.3.12.2. Product Portfolio
21.3.12.3. Key Financials by Market Segments (Product/Region)
21.3.12.4. Sales Footprint
21.3.12.5. Strategy Overview
21.3.13. Menzel Elektromotoren GmbH
21.3.13.1. Overview
21.3.13.2. Product Portfolio
21.3.13.3. Key Financials by Market Segments (Product/Region)
21.3.13.4. Sales Footprint
21.3.13.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
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Industrial Motors Market
