- The key vendors in the Industrial Motors Market in the APAC Region 2015-2019 are ABB Ltd., Mitsubishi Electric Corp. and Siemens AG.
London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Industrial Motors Market in the APAC Region 2015-2019. The major trend positively influencing the Industrial Motors market in the APAC region is the development of infrastructure and urbanization in the developing regions of the world such as Brazil, India, and China. The automation of the process in end-user plants has also led to higher demand for electric process equipment over fluid power technology because of benefits such as remote operation and diagnostics. The Industrial Motors market in the APAC region is estimated to grow at a CAGR of 9.24 percent between 2015 and 2019.
“Investment in power generation and sewage management infrastructure following rapid urbanization is expected to promote the demand for process equipment such as pumps, compressors, and valves,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many developed and developing economies are investing in infrastructure projects such as power generation, water, and sewage management.”
To define the market conditions 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%…
