A constantly developing world demands good infrastructure. In addition, it also needs various industries that ensure smooth functioning and generates quality essentials for survival. Thus, industries need smooth functioning motors that would allow uninterrupted workflow. Growing manufacturing industries are in constant need of good motors as any obstacle in factories would affect the demand and supply chain.
Growing applications for instantaneous break systems that can prevent potential mishaps is set to fuel the growth of the industrial motor brakes market in the coming years. Unlike their hydraulic or mechanical counterparts, industrial motor brakes do not encompass wearable components and are highly stable. Further, delayed results due to prolonged motor halts are propelling the growth of industrial motor brakes globally.
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| Report Attributes | Details |
|---|---|
| Industrial Motor Brakes Market Size (2022E) | US$ 1.34 Billion |
| Forecasted Market Value (2032F) | US$ 2.08 Billion |
| Global Market Growth Rate (2022-2032) | 4.5% CAGR |
| North America Market Share (2022) | 21.6% |
| Europe Market Share (2022) | 24.5% |
| Market Share of Top 3 Countries | 31.8% |
| Key Companies Profiled |
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Competitive Landscape
To increase the output of automated guided vehicles (AGV) and electric cars, manufacturers are focusing heavily on reducing machine stop time, which has led them to turn to industrial motor brakes.
Industrial motor brakes also enable pulley tension maintenance, the activation of dynamic brakes, and precise movement and stop, all of which preserve worker safety.
Strong industrial motor brakes are in higher demand due to the growing need to stop motors instantly to prevent worker or product harm.
The companies provide a wide variety of products and have robust global distribution networks. To maintain their market position, they have used measures such as new product development, merger, contracts, and alliances.
Key Segments Covered in Industrial Motor Brakes Industry Research
-
Industrial Motor Brakes Market by Type :
- DC Brakes
- AC Brakes
- Torque
-
Industrial Motor Brakes Market by Braking Mode :
- Holding
- Overhauling Braking
- Load-assisted Braking
- Soft-stop Braking
-
Industrial Motor Brakes Market by Application :
- Regenerative Braking
- Dynamic Braking
- Plugging
-
Industrial Motor Brakes Market by End Use :
- Metals & Mining
- Construction
- Manufacturing
- Processing
-
Industrial Motor Brakes Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Industrial Motor Brakes Market: Regional Overview
Industrial motor brakes of a great significance in all the industries globally. The scope for these brakes is equally distributed in the regions such as China, India, ASEAN, Latin America, North America and Europe. Adoption of such systems in Africa is anticipated to pace up eventually. More significantly, U.S., Canada and European regions are expected to create better value for the industrial motor brakes market.
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