Global Motor Protection Systems Market 2017-2021




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About Motor Protection Systems
The motor protection systems provide protection to motors and equipment connected to them, during electrical hazards. These electrical hazards can be a result of either a fault in electricals circuit or due to mechanical contamination in the environment. Motor protection systems are multifunctional systems that are used to safeguard motors against electrical, mechanical, and thermal fluctuations or faults. Products and services included in this report consist of sales and replacement of overload relays, vacuum contactors, motor protection circuit breakers (MPCBs), and combination starters. Motors used in commercial and residential segments are excluded from the scope of our report.

Technavios analysts forecast the global motor protection systems market to grow at a CAGR of 4.45% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global motor protection systems market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:

Technavio's report, Global Motor Protection Systems Market 2017-2021, 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
General Electric
Rockwell Automation
Schneider Electric
Other prominent vendors
Basler Electric
Market driver
Rising use of electronic components in overload relays
For a full, detailed list, view our report

Market challenge
Low-cost vendors in APAC
For a full, detailed list, view our report

Market trend
Rising use of IIoT for motor condition monitoring
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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?

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