DUBLIN, July 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Motors and Drives Market in Process Industries 2016-2020" report to their offering.
The report forecasts the global motors and drives market in process industries to grow at a CAGR of 7% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The rising demand for IEC motors will be a key trend propelling growth in this market. in the past three years, the IEC motor market has been thriving in North America, primarily in the US and the Canadian end-user markets, as evident particularly for offshore oil and gas in midstream and upstream pumping applications. These market dynamics have created a growing need for replacement IEC machinery, spurring the growth of a market of over 120 million per year.
According to the report, one driver leading to the growth of this market is the growing water management and wastewater treatment industry. Several European countries already have technologically advanced industrial water treatment infrastructure and are working to develop municipal water treatment infrastructure. Germany and the UK will likely invest in their water treatment infrastructure by 2019. The quality of such infrastructure is low in India and China, where a large section of the population lack access to potable water. This is enhancing the potential for investments in the water and wastewater treatment plants in the region.
Further, the report states that one challenge hampering the prospects for growth in this market is the lack of awareness about electric drives.
- Rockwell Automation
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information visit http://www.researchandmarkets.com/research/qzx2rt/global_motors_and
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-motors-and-drives-market-in-process-industries-2016-2020---driven-by-advanced-refrigerated-food-processing---research-and-markets-300298684.html
SOURCE Research and Markets