London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global IHP motors market 2015-2019, which is expected to grow at a CAGR of 6.81% over the 2015-2019 period.
Rising construction activity worldwide is expected to likely create more demand for IHP motors, making HVAC the fastest growing segment. Moreover, increased demand for water treatment will amplify the need for large motors.
“International vendors are forming alliances and partnerships with regional and local vendors to benefit from the untapped market potential,” says Faisal Ghaus, Vice President of Technavio.
“Many vendors are trying to enhance their market potential and product portfolio through M&A and strategic alliances.”
Key Market Drivers
- Increased need for energy efficiency
- Government regulations
- Increased industrial usage
Key Market Trends
- Development of carbon nanotube yarns
- Increase in M&A
- Increased R&D
Key Market Vendors
- ABB Ltd.
- Emerson Electric Co.
- Johnson Electric
- Siemens AG
- WEG SA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
