The use of conveyor systems as material handling equipment has emerged as the backbone of industries in multiple sectors, as it enables quick and efficient transportation of a wide variety of material. Conveyor systems are now highly advanced and are capable of handling multiple complex operations. With the increasing adoption of automation in the manufacturing sector, conveying systems have become an important part of material handling and find applications in automotive, transportation and logistics, packaging, food processing and other industries. A conveyor motor imparts the motive force behind the operation of a conveyor system; it conveys the desired motion of the belt according to the transportation need.
Motors are among the important components of conveyor systems, and different types of conveyor motors are required in different areas of application, depending on various factors, such as power source, type of movement/operation, and load, to name a few. Ongoing advancements in the conveying industry and increasing transition towards automation are expected to cause a significant technology upsurge in conveyor motors.
The market for electric conveyor motors is expected to witness positive growth at a steady intensity over the forecast period. The market analysis on electric motors for conveyor systems covers various types of conveyor systems, including roller conveyors, belt conveyors, chain conveyors, wheel, flat bed, magnetic, etc., which find application in various end-use industries including mining and metallurgy, construction, power generation, industrial production, commercial, and logistics & transportation.
Continuously rising demand for handling large volume of goods and performing complex conveying operations is expected to drive growth of electric motors for conveyor system market. Further, healthy growth of end-use industries is another factor that could create significant demand for electric motors for conveyor systems. For instance, increase in the number of new airport projects across the globe, rising demand for vehicles resulting in establishment of new production facilities, growing online sales of consumer products that require proper warehousing and transportation, and an increase in the demand for packed foods are few of the factors forecasted to supplement the demand for electric motors for conveyor systems in the long run.
Electric Motors for Conveyor System Market Segmentation By product type: AC Motors, Gear motors, Brushless DC Motors, Stepper & Servo Motors; By power output: Less than 1 kW, 1 to 100 kW, More than 100 kW; By phase type: Single Phase, Three Phase; By end-use Industry: Mining & Metallurgy Industry, Construction Industry, Power Generation Industry, Industrial Production, Commercial, Logistics and Material Handling Industry
By region, developing countries are anticipated to be opportunistic markets for electric motors for conveyor systems. Developing countries in the Asia Pacific region have witnessed noteworthy upsurge in industrial and infrastructural investments, which create prospects for new conveying projects. Countries, such as India, China, South Korea and Japan pose significant opportunities for market growth. North America and Europe are expected to witness growth in the market, owing to increasing transition of manufacturers towards automation, which in turn will require complex conveying operations.
Outlook for the Latin America market for electric motors for conveying systems remains neutral, and the market in the region is expected to witness marginal growth, which predominantly will be attributed to the growth of industrial production in the region.Electric Motors for Conveyor System Market Participants: ABB Group (Baldor Electric Company), Siemens AG, Power Electric (PE), Nord Gear Corporation, Bodine Electric Company, Oriental Motor U.S.A. Corp., Great Lakes Belting, Bonfiglioli Riduttori S.p.A, Altra Industrial Motion
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