Global Explosion Proof Motor Market Is Expected To Grow with a Healthy CAGR by 2023
ResearchMoz include new market research report “Global Explosion Proof Motor Market by Manufacturers, Regions, Type and Application, Forecast to 2023” to its huge collection of research reports.
Explosion Proof Motor is a type of motor that used in explosive gas environment and explosive dust environment.
This report focuses on the Explosion Proof Motor in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The Explosion Proof Motor industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.
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Global giant manufactures mainly distributed in Japan, U.S. and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as Regal Beloit and TECO have relative higher level of products quality. As to Japan, Toshiba has become as a global leader. In Europe, ABB and Siemens leads the technology development. Most of Chinese manufactures locate in Henan, Heilongjiang and Jiangsu province.
Many companies have several plants, usually locate in the place close to aimed consumption region. There are international companies set up factories in China either. Some companies usually take a joint venture enter, like Toshiba who take their advantage merge with Mitsubishi.
The key consumption markets locate at developed countries. China takes the market share of 25%, followed by Europe with 24%. Chinas 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 differ from company to company.
The international leading companies prefer setting up factories directly into aimed market, and taking own sales department to expand 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.
Companies in developing countries such as China and India, in contrast, put more effort on 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 price advantage. They like to expand their market share in developing countries and low-end international market.
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The market is not only influenced by the price, but also influenced by the product performance. Although China domestic companies have 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 on better performance, more abundant products types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of 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 to underdevelopment regions these years.
This industry is affected by the economy and policy, so its important to put an eye to 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.
The worldwide market for Explosion Proof Motor is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 3080 million US$ in 2023, from 2500 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Jiamusi Electric Machine
Dazhong Electro Motors
Anda Explosion-proof Electrical Equipment
SEC Electric Machinery
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Market Segment by Type, covers
Market Segment by Applications, can be divided into
There are 15 Chapters to deeply display the global Explosion Proof Motor market.
Chapter 1, to describe Explosion Proof Motor Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Explosion Proof Motor, with sales, revenue, and price of Explosion Proof Motor, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Explosion Proof Motor, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Explosion Proof Motor market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Explosion Proof Motor sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
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