Market Share & Future Growth with Forecast of Global Motor Protection Market | Ozone Market Reports

Ozone Market Reports projects that the Motor Protection market size will grow from USD 4.25 Billion in 2017 to USD 6.38 Billion by 2023, at an estimated CAGR of 6.98%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The growth is attributed to growing focus on safety towards motors and robust growth in the HVAC market. The motor protection market, on the basis of device type, has been categorized into four segments: overload relays, vacuum contactors, and combination starters & motor protection circuit breaker. The overload relays segment is expected to hold the largest market share during the forecast period, followed by vacuum contactors. Ease of installation, lower price, and wide range of availability are the major growth drivers of this segment. Moreover, overload relays are in-built in various other motor protection & control equipment such as frequency drives and motor soft starters.

By Market Players:
ABB Ltd. , Siemens AG , Eaton Corporation PLC. , Schneider Electric SE , General Electric Company , Mitsubishi Electric Corporation , Larsen & Toubro Limited , Fuji Electric Co. Ltd. , Danfoss A/S , Toshiba International Corporation , Chint Electrics Co. Ltd. , , , , , , , , ,

By Rated Power
Up to 7.5 Kw, 7.5 to 75 Kw, Above 75 Kw, ,

By End-Use Industry
Oil & Gas , Water & Wastewater , Infrastructure (Residential & Commercial) , Metals & Mining , Food & Beverages

By Device Type
Overload Relays , Vacuum Contactors , Combination Starters & Motor Protection Circuit Breaker,                
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Points Covered in The Report:
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The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

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