Report ID: UCMIG20D2010
Report ID:
UCMIG20D2010 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Innovations in the development of harvesting renewable energy, expanding investments in the power distribution industry, and rising demand for electric vehicles are all driving market expansion. Increasing investments in electric vehicle manufacture, the power transmission sector, and medical equipment production are accelerating motor, transformer, and generator production in the United States, which is increasing the demand for soft magnetic materials in the country. The power sector is an important end-user for motors, and it is expected to rise as a result of rising population, rapid infrastructure development, the energy reaching rural places in developing countries, and increased manufacturing activity. Furthermore, government initiatives such as DDUGJY, IPDS, and progressive measures to improve distribution and increase power generation capacity are expected to boost growth in the sector, which is expected to boost demand for motors and, eventually, soft magnetic materials during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20D2010