Lewes, DE -- (SBWIRE) -- 07/11/2016 -- Report forecast the global motors and drives market in process industries to grow at a CAGR of 7% during the period 2016-2020.

Globalization has encouraged the use of advanced automation techniques and energy-saving equipment worldwide, leading to increased adoption of low-power AC drives and motors. These drives and motors are used across the discrete, process, and infrastructure industries such as chemical, oil and gas, building automation, food and beverage, textile, utility, metal, and water and wastewater.

The report covers the present scenario and the growth prospects of the global motors and drives market in process industries 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of motors and drives majorly for compressors, elevators and lifts, fans, pumps, and conveyors.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

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. Several end-users are price-sensitive, which has forced global vendors to create awareness about the use of standard electric drives to safeguard their motors. For instance, the initial investment and installation cost of drives may sometimes exceed the cost of motors. Therefore, many end-users, especially cost-driven companies and small and medium-sized machinery operators, prefer low-cost controllers and gears.

Global Motors and Drives Market in Process Industries 2016-2020, 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.

key players in the global motors and drives market in process industries: ABB, Danfoss, Rockwell Automation, Siemens, and WEG.

Other Prominent Vendors in the market are: Allied Motion, ARC Systems, Asmo, Emerson CT, Franklin Electric, Fuji Electric, GE, Huali, KEB, Nidec, Schneider Electric, SEW Eurodrive, TECO-Westinghouse, Toshiba, and Yaskawa.

Market driver
- Advanced refrigerated food processing
- For a full, detailed list, view our report

Market challenge
- Dominance of unorganized sector
- For a full, detailed list, view our report

Market trend
- Rising IEC motors demand
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 37 Exhibit "Global Motors and Drives Market in Process Industries 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-motors-and-drives-market-process-industries-2016-2020

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