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Industrial Motor Procurement Intelligence Is Expected To Expand At A CAGR Of 4.9% From 2023 to 2030

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Industrial Motor Procurement Intelligence

The industrial motor category is anticipated to grow at a CAGR of 4.9% from 2023 to 2030.

The rising demand for EVs, industry 4.0, IE4 competent low voltage motors for energy savings and VFD boosting IE2/IE3 AC LV motor efficiency are driving the category growth. As industry 4.0 is rising, the world of electric motors is anticipated to see various changes. Additionally, due to the rising robotics technology, manufacturers are focusing on electric motor engineering to keep up with the robotics designs. Industrial motors are categorized as AC and DC motors. Brushless DC motors are used in conveyors, extrudes, aircraft, automobiles, elevators, and all other speed control applications. AC (alternating current) motors are widely used in industrial motors.

Order your copy of the Industrial Motor category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Industrial Motor Procurement Intelligence Report Scope

The Industrial Motor category is expected to have pricing growth outlook of 4% – 5% from 2023 to 2030, with below pricing models.

  • Motor type-based pricing
  • customized-based pricing
  • competition-based pricing

Supplier Selection Scope of Report

  • Cost and pricing
  • type of motor
  • motor power & speed
  • energy efficiency
  • geographical presence
  • compliance

Supplier selection criteria of Report

  • Type of motor offered
  • speed range and torque offered
  • efficiency rating
  • level of customization
  • safety and environmental compliance
  • location and presence of supplier
  • others

Industrial Motor Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2022 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Industrial Motor Procurement Cost and Supplier Intelligence

The industrial motors industry relies on suppliers for materials such as copper, steel, and electronic components. While there are multiple suppliers available, the quality and cost of these materials can impact the cost of motor manufacturing. Large motor manufacturers may have more bargaining power with suppliers due to their purchasing volume, while smaller companies may face higher costs.

While manufacturing the industrial motor, raw materials, labor, machinery, land and construction, utilities, distribution, and marketing are some of the cost components in the category. The major portion of the cost goes towards the cost of raw materials such as steel, copper wires, magnets, electronic components, and insulation materials. Various factors such as power rating, efficiency, enclosure type, and construction materials affect the manufacturing cost of the motor. Motors made from high-standard materials such as stainless steel, and aluminum are more expensive as compared to motors made from standard materials such as cast iron.

List of Key Suppliers

  • Siemens
  • ABB
  • NIDEC Corporation
  • Kirloskar
  • WEG
  • Composite Motors
  • Hansen Corporation
  • Magna International
  • YASA
  • Dumore Corporation

Add-on Services provided by Grand View Research Pipeline: 

  • Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process 

  • Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier 

  • Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house. 

  • Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc. 

Browse through Grand View Research’s collection of procurement intelligence studies: 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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