Global Motor Repair and Maintenance Market Share, Trends and Forecast 2018-2023

As per the latest report by IMARC Group, titled “Motor Repair and Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global motor repair and maintenance market reached a value of more than US$ 28 Billion in 2017. Electric motors create a huge impact on productivity as well as the profitability of a business. An unscheduled stoppage in the production process with long hours of shutdown for repairing can lead to a massive monetary loss. The factors which generally affect the functioning of a motor include misalignment of the shaft, insufficient lubrication in bearings and winding insulation resistance. A well-planned motor maintenance service aims at averting critical breakdowns caused by these factors, thereby reducing downtime and preventing serious damage to the motor. Some of the motor repair and maintenance services include winding tests, visual inspections, and brush and commutator maintenance.

1 ABB Group

2 Siemens AG

3 WEG SA

4 Regal Beloit

5 TECO E&M/TECO-Westinghouse.

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Motor Repair and Maintenance Market

6 Market Breakup by Type

7 Market Breakup by Service

8 Market Breakup by End Use Industry

9  Market Breakup by Region

10  Competitive Landscape

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