Explosion Proof Motor Market by Top Companies, Growth, Demand and Business Forecast by 2024

Explosion Proof Motor Market

Explosion Proof Motor is a type of motor used in explosive gas environments and explosive dust environments.

The Explosion Proof Motor industry concentration is not high; there are more than one hundred manufacturers in the world and high-end products mainly from the U.S. and Western Europe.

Global giant manufacturers mainly distributed in Japan, U.S., and E.U. The manufacturers in the U.S. have a long history and unshakable status in this field. Manufacturers such as Regal Beloit and TECO have a relatively higher level of product quality. As to Japan, Toshiba has become as a global leader. In Europe, ABB and Siemens lead the technology development. Most of the Chinese manufactures locate in Henan, Heilongjiang and Jiangsu province.

Many companies have several plants, usually, located in the place close to the aimed consumption region. There are international companies that set up factories in China either. Some companies usually take a joint venture to enter, like Toshiba who take their advantage merge with Mitsubishi.

The key consumption markets locate in developed countries. China takes the market share of 25%, followed by Europe with 24%. China’s consumption market has a quicker growing speed of CAGR 5%.

We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

In the international market, the marketing channels characteristic differs from company to company.

The international leading companies prefer setting up factories directly into the aimed market and taking own sales department to expand the market. The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.

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Companies in developing countries such as China and India, in contrast, put more effort into direct selling business. They can act as exports at the same time, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough when comparing with leading companies, however, they have a price advantage. They like to expand their market share in developing countries and low-end international market.

The market is not only influenced by the price but also influenced by the product performance. Although China domestic companies have a price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.

The leading companies own the advantages of better performance, more abundant product types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of the high-end market.

Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing in underdevelopment regions these years.

This industry is affected by the economy and policy, so it’s important to put an eye on economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Explosion Proof Motor will increase.

According to this study, over the next five years, the Explosion Proof Motor market will register a 3.5% CAGR in terms of revenue, the global market size will reach US$ 3080 million by 2024, from US$ 2500 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Explosion Proof Motor business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Explosion Proof Motor market by product type, application, key manufacturers and key regions and countries.

This study considers the Explosion Proof Motor value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• EXd Type
• Increased-Safety Type
• Other Types

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Coal Industry
• Petrochemical Industry
• Other Industry

This report also splits the market by region: Breakdown data in Chapters 4, 5, 6, 7 and 8.

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• The Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
• South America
• Brazil
• Argentina

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

• Toshiba
• ABB
• Siemens
• WEG
• Regal Beloit
• Hyosung
• Nidec
• TECO- Westinghouse
• Kollmorgen
• Lafert
• Brook Crompton
• Wolong
• Jiamusi Electric Machine
• Dazhong Electro Motors
• Anda Explosion-proof Electrical Equipment
• SEC Electric Machinery
• Gaoke Dianji

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives

1. To study and analyze the global Explosion Proof Motor consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
2. To understand the structure of the Explosion Proof Motor market by identifying its various subsegments.
3. Focuses on the key global Explosion Proof Motor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
4. To analyze the Explosion Proof Motor with respect to individual growth trends, future prospects, and their contribution to the total market.
5. To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
6. To project the consumption of Explosion Proof Motor submarkets, with respect to key regions along with their respective key countries.
7. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8. To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Explosion Proof Motor Consumption Market Report

• Scope of the Report
• Executive Summary
• Global Explosion Proof Motor by Players
• Explosion Proof Motor by Regions
• Americas Market
• APAC Market
• Europe Market
• Middle East & Africa Market
• Market Drivers, Challenges and Trends
• Marketing, Distributors, and Customer
• Global Explosion Proof Motor Market Forecast
• Key Players Analysis
• Research Findings and Conclusion

We also can offer a customized report to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.

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