Motor Manufacturing establishments produce machines that convert electrical energy into mechanical energy and supply motive power to devices. Some devices that use electric motors include fans, blowers, household appliances, disk drives, batteries and power tools.
The global Motor Manufacturing market was valued at $99 billion in 2017. Asia Pacific was the largest geographic region accounting for $45.1 billion or 45.6% of the global market. And China was the largest country accounting for $21.7 billion or 22% of the global Motor Manufacturing market.
Motors manufacturers are deploying predictive maintenance technologies to minimize breakdowns in manufacturing facilities. Various techniques used for predictive maintenance include vibration analysis, ultrasound, wear particle analysis and thermography to predict failures that may occur. Use of smart sensors is another such technique that picks up data on certain parameters to reduce the chances of failure.
Companies Covered: Ametek Inc, Baldor Electric Co Inc, Franklin Electric Co Inc, ABB Ltd, General Electric Corporation
Market Segments Included: Motor Manufacturing
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