Industrial motor brakes are used to decelerate or hold motor loads when the power is cut accidentally or intentionally. Increasing applications for instantaneous brake systems to prevent potential mishaps is set to fuel the growth of the industrial motor brakes market. A wide range of applications of industrial motor brakes, such as dynamic braking, regenerative braking, and plugging in various industry verticals, including metals & mining, construction, manufacturing, and processing influence the growth of the industrial motor brakes market.
MARKET DYNAMICS
Industrial motor brakes offer several benefits over mechanical or hydraulic brakes, which make it a more popular product in many industries. Additionally, industrial motor brakes are considerably steady and do not come with any wearable part. This is the major driving factor for the growth of the industrial motor brakes market. Further, increasing the use of these brakes in the process and manufacturing industries because natural braking takes a much longer time and the growing need to minimize the time for a task and augmented rates of production are likely to fuel the growth of the industrial motor brakes market in the coming years.
MARKET SCOPE
The "Global Industrial Motor Brakes Market Analysis to 2028"? is a specialized and in-depth study of the Industrial motor brakes industry with a special focus on the global market trend analysis. The report aims to provide an overview Industrial motor brakes market with detailed market segmentation as type, braking mode, application, industry vertical, and geography. The global industrial motor brakes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial motor brakes market players and offers key trends and opportunities in the industrial motor brakes market.
MARKET SEGMENTATION
The global industrial motor brakes market is segmented on the basis of type, braking mode, application, industry vertical. On the basis of type the market is segmented as DC brake, AC brake. On the basis of braking mode the market is segmented as holding, overhauling braking, load assisted braking, soft stop braking. On the basis of application the market is segmented as regenerative braking, dynamic braking, plugging. On the basis of industry vertical the market is segmented as metals and mining, construction, manufacturing, processing, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial motor brakes market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Industrial motor brakes market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial motor brakes market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the industrial motor brakes market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial motor brakes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Industrial motor brakes market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial motor brakes in the global market. Below mentioned is the list of few companies engaged in the industrial motor brakes market.
The report also includes the profiles of key industrial motor brakes companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Altra Industrial Motion Corp.
- Brook Crompton
- EMTorq (Torque Technologies)
- Force Control Industries, Inc.
- Havells India Limited
- KEB Automation KG
- Ogura Industrial Corp.
- Stearns (Rexnord Corporation)
- Toshiba International Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.