Market Day

New forecast released and available for purchase

The “Motor Repair and Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering. A BusinessWire press release was issued July 19. These reports are used throughout the industry and can be integral to bookeeping and inventory projections.

The report predicts the industry’s market will reach a value of US$ 34.67 Billion by 2023, expanding at a CAGR of 3.4% during 2018-2023.

The global motor repair and maintenance market reached a value of US$ 28.35 Billion in 2017. “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.,” the abstract mentions, telling us something a lot of us already know. However, the upward trend in both manufacturing and repair industries is reflected in the fact that growth is predicted, and the wording of the abstract lends itself to such growth.

“Since they have a huge impact on a business’ profitability and productivity, it is vital to ensure that these motors perform well,” the abstract continues. “Consequently, it is important to perform regular preventive maintenance (PM) checks on electric motors…Moreover, repairing electric motors is cost-effective than replacing the entire machine, thereby being an optimum alternative.

Companies mentioned in the report include ABB Group, SIemens Ag, WEG SA, Regal Beloit, TECO, and others.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Motor Repair and Maintenance Market

6 Market Breakup by Type

7 Market Breakup by Service

8 Market Breakup by End Use Industry

9 Market Breakup by Region

10 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/cc8h2n/global_motor?w=4

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