Rolled Steel Motor Market Revenue To Hit US$ 15.8 Billion By 2028

Rolled Steel Motor market is projected to record humungous gains worth USD 15.8 billion by 2028 with a CAGR of 6.1% apart from garnering earnings of nearly USD 10.1 billion in 2020, as per Zion Market Research Report. Massive demand for cost-effective & durable products in engineering activities and food processing & beverages production processes will scoop up market landscape during 2021-2028. Favorable government laws supporting use of rolled steel motors in various sectors in countries such as Brazil, China, South Africa, Mexico, and India will stimulate industry size over the couple of years. With fast-pace growth of HVAC sector, the market for rolled steer motor is anticipated to garner momentum in forthcoming years.  

Industrialization & Breakthroughs In SMEs To boost Industry Trends By 2028

Rapid industrialization and technological innovations in small & medium-scale firms is predicted to entail growth of rolled steel motor market in upcoming years. High use of rolled steel motors in automated devices will prop up revenue of rolled steel motor industry. Additionally, beneficial features such as high machinability, corrosion resistance, and vibration damping capacity will add towards progression of industry in forecasting years.

Asia Pacific Market To Register Massive Revenue Gains During 2021-2028

Surge in emergence of rolled steel motor business in Asia Pacific can be credited to exclusion of custom duties steel production in countries such as India. Additionally, expansion of production capacities in China, Japan, and India will contribute majorly towards GDP of these countries along with adding towards regional market size. Surging urbanization in these nations will help in making notable contributions towards regional market revenue in upcoming years.

Key players profiled in study and impacting market value include Toshiba Corporation, ABB Limited, Siemens AG, Regal Beloit, Rockwell Automation, Inc., Nidec Motor, General Electric, Hitachi Limited, WEG, and CG Power and Industrial Solutions Limited.

Browse the full “Rolled Steel Motor Market - By Phase (SINGLE PHASE And THREE PHASE), By Power (0kW-7.5kW, 7.5kW-15.5kW, 15.5kW-29.5kW, And More Than 29.5kW), By End-Use (Food & Beverages, HVAC, Marine, Mining, Pulp & Paper, And Rubber & Plastics), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/rolled-steel-motor-market

The global Rolled Steel Motor Market is segmented as follows:

By Phase

• SINGLE PHASE
• THREE  PHASE

By Power

• 0kW-7.5kW
• 7.5kW-15.5kW
• 15.5kW-29.5kW
• More Than 29.5kW

By End-Use

• Food & Beverages
• HVAC
• Marine
• Mining
• Pulp & Paper
• Rubber & Plastics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com