Albany, NY -- (SBWIRE) -- 10/03/2016 -- About Services and Maintenance Industry

The services and maintenance industry is growing exponentially due to the current industrial concepts of cost-benefit analysis in the face of severe competition in the manufacturing industry. Motors and drives are major determinants of the power supply chain in industrial applications. Any malfunction of these components would cause a lack of sustainability in the manufacturing processes and can incur extensive losses. Therefore, motors and drives servicing has been gaining prominence in recent years.

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Technavios analysts forecast the Global Motors and drives Services Market to grow at a CAGR of 5.82% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global motors and drives services market from 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top-five vendors operating in the market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Motors and Drives Services Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
DANFOSS
Emerson Electric
Rockwell Automation
Siemens
Other prominent vendors
Allied Motion Technologies
ARC Systems
Asmo
Bilfinger
Brammer
Franklin Electric
Fuji Electric
General Electric
Huali
KEB
Mitsubishi Electric
Nidec
Omron
Rexel
Schneider Electric
SEW Eurodrive
TECO-Westinghouse
Toshiba International
WEG
Wood
W.W. Grainger
Yaskawa
Yokogawa Electric
Market driver
Stringent regulations for motor efficiency
For a full, detailed list, view our report

Market challenge
Decrease in investments by oil and gas industry
For a full, detailed list, view our report

Market trend
Adoption of analytics for predictive maintenance
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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