The global motor winding repair service market stands at USD 7832.8 Million as of now and is expected to reach USD 12,780 Million by the year 2032 at a CAGR of 5% between 2022 and 2032.
Electric motors are subject to application in various industries – ranging from food & beverages, mining, to metal manufacturing. Repairing of the motor windings, industrial fans, compressors, and machine tools is inevitable. Plus, traditional manufacturing units are witnessing a transformation in the form of preventive maintenance.
It is a known fact that motor coils and bearings in the damaged form need to get replaced for maintaining motor efficiency. This factor is likely to take the motor winding repair service market by storm in the forecast period. The maintenance control processes are inclusive of motor winding check, visual review, and electric motor bearing inspections.
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There are government compliances pushing key participants to incorporate the preventive measures, inclusive of utmost safety of bearings, motors, machinery, and likewise. The vendor companies are into offering advanced repair services encompassing 100% cleaning, safety checks, oiling, and likewise. Also, end-users do understand that end-users emphasize on regular maintenance/repair service that proves to be more cost-efficient as compared to purchasing a new-fangled machine system.
Repairs and maintenance do make way for second life to machine, thereby increasing the shelf life. Reduction of downtime for preventive maintenance of the motors could be achieved through adopting motor winding repair service. Industries using bigger machines for production, packaging, and logistics have been focusing on adoption of motor winding repair services. This could be attributed to the fact that using these machines heavily during implementation of new technology asks for an utterly professional skillset with maintenance equipment. This is another factor driving the motor winding repair service market in the near future.
Besides, elevated demand pertaining to luxury vehicles, overload protection, and rapid industrialization is accelerating the motor winding repair service market. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Motor Winding Repair Service market’.
Key Takeaways from Motor Winding Repair Service Market
- The Asia-Pacific is expected to grow at the fastest pace in the motor winding repair service market due to steadiness in production of the motor-driven systems like industrial applications, household applications, and automotive vertical in the countries like Singapore, South Korea, India, and China.
- Europe stands second with 28% of the market share. This could be reasoned with growing awareness about environmental concerns, which has actually prompted the end-consumers to resort to electric vehicles as the daily modes of transport. As electric motors drive these vehicles, demand for motor winding repair services are bound to rise in the forecast period.
- North America stands third as far as market share is concerned. However, it needs to be noted that it is expected to witness a stellar CAGR of 26% between 2022 and 2032 due to robust infrastructure being incorporated on continuous basis.
- Start-up ecosystem to catalyze the motor winding repair service market in the forecast period.
“Excessive demand for electrification and digitization to drive the motor winding repair service market”, says an analyst from Future Market Insights.
Competitive Landscape
- Layco Electric Innovations (LEI), in the year 2020, tabled the newly designed website offering easy and quick access to essential products, services, and information.
- Shell, in June 2022, selected Sulzer for supplying pumps for the novel biofuel facility that is under construction in Rotterdam (The Netherlands).
- Sulzer Ltd., in November 2021, put forth a new bio-power scheme in The Netherlands. It actually introduced a new-fangled process for producing biogas from sludge at the time of wastewater treatment.
Key Players
- Delba Electrical Continental Group
- Excel Apparatus Services Inc.
- Whelco Industrial
- EMW PRODUCTIONS LLC
- Smith Services
- Electric Motor Rewinding Company Albury
- Lloyd Electric Co. Inc.
- Rogers Electric Motor Services
- ROGERS ELECTRIC & MACHINE
- A-Plus Winding Services Inc.
What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the motor winding repair service market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on type (DC motor and AC motor), by end-user (fractional HP output and integral HP output), and by application (oil & gas industry, automotive industry, mining industry, paper & cement, power generation industry, nuclear power, fossil power, hydro power, and household appliances).
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Key Segmentations
By Type:
- AC Motor
- DC Motor
By End User:
- Integral HP Output
- Fractional HP Output
By Application:
- Oil & Gas Industry
- Automotive Industry
- Mining Industry
- Paper & Cement
- Power Generation Industry
- Nuclear Power
- Fossil Power
- Hydro Power
- Household Appliances
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa(MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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