Featuring ABB, Siemens Aktiengesellschaft, WEG Equipamentos Eletricos, Regal Rexnord and TECO E&M/TECO-Westinghouse

Featuring ABB, Siemens Aktiengesellschaft, WEG Equipamentos Eletricos, Regal Rexnord and TECO E&M/TECO-Westinghouse

DUBLIN, March 29, 2023 /PRNewswire/ — The “Motor Repair and Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

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The global motor repair and maintenance market size reached US$ 32.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 36.2 Billion by 2028, exhibiting a CAGR of 2.02% during 2022-2028.

Companies Mentioned

  • ABB Limited

  • Siemens Aktiengesellschaft

  • WEG Equipamentos Eletricos SA

  • Regal Rexnord Corporation

  • TECO E&M/TECO-Westinghouse

Electric motors find applications in diverse industries ranging from food and beverage to mining where they are installed in compressors, machine tools, industrial fans, etc. Since they have a huge impact on a business profitability and productivity, it is vital to ensure that these motors perform well.

Consequently, it is important to perform regular preventive maintenance (PM) checks on electric motors. The general procedure includes visual inspection, maintenance check on the commutator and brush, motor winding test and bearing inspection. Moreover, repairing electric motors is cost-effective than replacing the entire machine, thereby being an optimum alternative.

Preventive maintenance of motors lessens the risk factor, saves energy, improves equipment life and reduces downtime. Regular use of electric motors in various end-use industries, such as HVAC, mining, food and beverage, etc., is impelling the growth of the motor repair and maintenance market worldwide.

Apart from this, the utilisation of electric motors has grown significantly in various sectors due to increasing automation. Advancements in the automation industry are changing the nature of repair and maintenance of motors, including the type of specialist equipment and skills required.

Due to the employment of intricate machinery, the demand for motor repair and maintenance services is anticipated to rise in the coming years.

Key Questions Answered in This Report
1. What is the size of the global motor repair and maintenance market 2022?
2. What are the key factors driving the global motor repair and maintenance market?
3. What has been the impact of COVID-19 on the global motor repair and maintenance market?
4. What is the breakup of the global motor repair and maintenance market based on the type?
5. What is the breakup of the global motor repair and maintenance market based on the service?
6. What is the breakup of the global motor repair and maintenance market based on the end-use industry?
7. What are the key regions in the global motor repair and maintenance market?
8. Who are the key players/companies in the global motor repair and maintenance market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Motor Repair and Maintenance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Service
5.6 Market Breakup by End Use Industry
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.12 Key Success and Risk Factors

6 Market Breakup by Type
6.1 General Repair
6.1.1 Bearing
6.1.1.1 Market Trends
6.1.1.2 Market Forecast
6.1.2 Stator
6.1.2.1 Market Trends
6.1.2.2 Market Forecast
6.1.3 Rotor
6.1.3.1 Market Trends
6.1.3.2 Market Forecast
6.1.4 Others
6.1.4.1 Market Trends
6.1.4.2 Market Forecast
6.2 Overhaul
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Service
7.1 On-site Service
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Off-site Service
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by End Use Industry
8.1 Utilities (water, electricity and gas)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 HVAC
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Mining
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Region

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/j2i6ru

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