Scope of the Study
The global electrical machinery market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing demand for automation and rapid expansion of industries such as increasing production capacity of facilities are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth for the next few months due to the current pandemic but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Generation Machinery, Transmission Machinery, Distribution Machinery and Others), by Application (DC Applications, AC Applications and Others) and major geographies with country level break-up.
ABB (Switzerland), Allied Motion Technologies (United States), Arc System Works (Japan), ASMO CORPORATION (Japan), Brook Crompton (United Kingdom), Franklin Electric (United States), General Electric (United States), Robert Bosch Gmbh (Germany), Rockwell Automation (United States), SEC Electric Machinery Co (China), Siemens (Germany), Toshiba (Japan) and WEG Industries (Brazil) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products & solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Electrical Machinery market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Electrical Machinery market by Type, Application and Region.
On the basis of geography, the market of Electrical Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Automation Across Different Industries such as Manufacturing & Industrial Sector
- Rising Expansion of Industries such as Development of New Manufacturing Facilities & Expansion of Plat Capacities Across the World
- Industry 4.0 is One of the Major Trends for the Market
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In February 2018, ABB announced that it has interated the previously acquired Baldor Electric Company in 2011 with its global ABB brand as a part of its strategy which includes harmonizing different ABB-owned brands under the global ABB master brand.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Delay in the Developments in the Electric Machinery Technologies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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