Business Industries Sci-Tech

Motors and Drives Services Market Growth, Trends, Opportunities and Forecast to 2023 | ABB, Emerson Electric, Rockwell Automation, Siemens, Franklin Electric, General Electric

Press Release

Motor and driver service include process improvements, asset lifecycle extension, replacement parts, and timely repair. This is a kind of management solution offered by some enterprise. Globally, it has been observed that both process and discrete industries have started adopting third-party services to satisfy service maintenance requirements for key components such as drives and motors. Over 400 motors and drives from different OEMs are routinely deployed in a typical manufacturing plant. The third-party service provider offers a single comprehensive solution, which addresses all the needs of maintenance and service portfolios of drives and motors. Globally, it has been observed that both process and discrete industries have started adopting third-party services to satisfy service maintenance requirements for key components such as drives and motors. Over 400 motors and drives from different OEMs are routinely deployed in a typical manufacturing plant. The third-party service provider offers a single comprehensive solution, which addresses all the needs of maintenance and service portfolios of drives and motors.

The services and maintenance industry is growing exponentially due to the current industrial concepts of cost-benefit analysis in the face of severe competition in the manufacturing industry. Motors and drives are major determinants of the power supply chain in industrial applications. Any malfunction of these components would cause a lack of sustainability in the manufacturing processes and can incur extensive losses. Therefore, motors and drives servicing has been gaining prominence in recent years.

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Leading Motors and Drives Services Market Players:
ABB, Danfoss, Emerson Electric, Rockwell Automation, Siemens, Allied Motion Technologies, ARC Systems, Asmo, Bilfinger, Brammer, Franklin Electric, Fuji Electric, General Electric, Huali, KEB, Mitsubishi Electric, Nidec, Omron, Rexel, Schneider Electric, SEW Eurodrive, TECO-Westinghouse, Toshiba International, WEG

The research report on Motors and Drives Services Market provides a comprehensive analysis of the market status and development trend, including types, applications, growth, opportunities, rising technology, competitive landscape and product offerings of key players. The Motors and Drives Services Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

Market Segment by Type:
Motors services
Drives services

Market Segment by Applications:
Process industries
Discrete industries

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Motors and Drives Services Market Size
2.2 Motors and Drives Services Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Motors and Drives Services Market Size by Manufacturers
3.2 Motors and Drives Services Key Players Head office and Area Served
3.3 Key Players Motors and Drives Services Product/Solution/Service
3.4 Date of Enter into Motors and Drives Services Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Motors and Drives Services Sales by Product
4.2 Global Motors and Drives Services Revenue by Product
4.3 Motors and Drives Services Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Motors and Drives Services Breakdown Data by End User

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This post was originally published on Trading Herald