Motor Protection Market
Motor Protection Market is anticipated to be approximately USD 5.09 billion in 2015 and to expand at a CAGR of 6.86% over the next five years. The market for motor protection is being driven by factors such as the expansion of HVAC systems, the rise in global demand for motors, and growing safety concerns. The main prospects for the motor protection market are the significant offshore oil and gas activities and the increasing costs in the water & wastewater industry.A circuit breaker is tripped by an overload relay, a device that continuously checks the amount of current flowing through a motor. This assists in preventing harm to the engine. They also come in a wide variety of sizes and forms. The thermal overload relay is one of the most widely used overload relays. This kind of relay, as its name suggests, uses heat to identify an overloaded engine. To achieve this, a resistor integrated into the relay is monitored for current flow.
An induction motor, also known as an asynchronous motor, is an AC electric motor in which the magnetic field of the stator winding is used to electromagnetically induct the electric current into the rotor necessary to produce torque. Therefore, it is possible to construct an induction motor without electrical connections to the rotor The rotor of an induction motor may be either wound or squirrel-cage type. Squirrel-cage induction motors with three phases are frequently employed as industrial drives because they are easy to start, dependable, and affordable. Smaller loads like home appliances like fans frequently employ single-phase induction motors. Induction motors are increasingly used in variable-speed service using variable-frequency drives (VFD), despite being historically used in fixed-speed service. VFDs provide crucial energy savings opportunities for present and future induction motors.
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Motor Protection Market: Segment Analysis
Global Motor Protection Market: Major Players
Larsen & Toubro
ABB Group
Danfoss
Siemens
Toshiba International Corporation
Schneider Electric
General Electric Company
Mitsubishi Electric Corporation
Fuji Electric
Eaton Corporation
Chint Electrics
Global Motor Protection Market: Types
Overload Relays
Vacuum Contactors
Combination Starters & Motor Protection Circuit Breaker
Global Motor Protection Market: Applications
Oil & Gas
Water & Wastewater
Infrastructure (Residential & Commercial)
Metals & Mining
Food & Beverages
Other Industries
Global Motor Protection Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Motor Protection market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
- Define, describe and forecast Thermal Reed Relay product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
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