Global Severe Duty Motors Market 2018-2022
About Severe Duty Motors
A severe duty motor is generally a modification of a TEFC (Totally Enclosed Fan Cooled) motor and is defined as a step between a standard TEFC and a full IEEE 841 motor. Severe duty motors are deployed in industries that operate in harsh environments.
Technavio’s analysts forecast the Global Severe Duty Motors Market to grow at a CAGR of 4.37% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Severe Duty Motors Market 2018-2022. To calculate the market size, the report considers the revenue generated from the various end user.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Severe Duty Motors Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Severe Duty Motors Market.
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is increased upgrading activities of severe duty motors”
According to the report, one driver that is affecting the market is growing demand for energy efficient severe duty motors
Further, the report states that one challenge that is affecting the market is gray market providing low-quality and cheaper products