The Global Motors and Drives Services Market Report, 2016-2020 Market Research Report provides complete details about the current scenario of the global Global Motors and Drives Services industry with a special focus on the Chinese market. Key statistics about the market status of the manufacturers in the Global Motors and Drives Services Industry as well as the details about the companies profiles are properly provided in the report.
The Global Motors and Drives Services Market Report, 2016-2020 Market Research Report is a comprehensive and insightful report that throws light upon the manufacturers as well as give a detailed study of the individuals who are interested in the industry.
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According to the report, one driver that will lead to the growth of this market is the increased outsourcing of service and maintenance operations. Globally, both process and discrete industries are now adopting third-party services to satisfy service maintenance requirements for key components such as drives and motors. Over 400 motors and drives from different OEMs are routinely deployed in a typical manufacturing plant. The third-party service provider offers a single comprehensive solution, which addresses all the needs of maintenance and service portfolios of drives and motors, irrespective of the services from respective OEMs.
Further, the report states that a major challenge for this market is the decrease in investments by oil and gas industry. The oil and gas industry is a major end-user of motors and drives services. However, with crude oil prices at 11-year lows, major oil and gas producers have reduced their new investments. They are forced to cut spending, shed jobs, sell assets, and delay projects as the oil slump shows no signs of recovery.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Covered in this report
The report covers the present scenario and the growth prospects of the global motors and drives services market from 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top-five vendors operating in the market.
The market is divided into the following segments based on geography:
Other prominent vendors
Key questions answered in this report
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