Global Cooling Tower Fan Motors Market Overview:
Cooling tower fan motors are developed for providing efficiency and power factor performance in various industrial applications. They are flange, floor, and face-mounted motors available for enclosed construction to support the air conditioning and refrigeration along with other applications. It also helps in providing better cooling as the cooling tower fans are used for heating, ventilation, and air conditioning (HVAC) and industrial purposes which require proper operations. Some of the players profiled in the study are ABB Ltd (Switzerland), Baltimore Aircoil International NV (Belgium), Emerson Electric Co. (United States), SPX Cooling Technologies, Inc. (United States), Toshiba International Corporation (United States), Zest WEG Group (South Africa), Oswal Pumps (India) and V-GUARD Industries Ltd. (India).
On the basis of geography, the market of Cooling Tower Fan Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Phase, the sub-segment i.e. Single Phase will boost the Cooling Tower Fan Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mount, the sub-segment i.e. Foot will boost the Cooling Tower Fan Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Cooling Tower Fan Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for the Mechanical Power in the Various Industrial Applications
- Demand for the Cooling Motor Products in Induction Motors
Influencing Trend
- Increasing Use of Three Phase Cooling Tower Fan Motors
Restraints
- Adverse Environmental Impact of Cooling Tower Fan Motors
Opportunities
- Surging Demand for Cooling Tower Fan Motors from Food and Beverages Industry
Challenges
- Low-Quality Cooling Tower Fan Motors in the Market
"According to the Building Energy Efficiency Standards HVAC fan motors that are one hp or less and 1/12 hp or greater shall be electronically-commutated motors or shall have a minimum motor efficiency of 70 percent when rated in accordance with the National Electric Manufacturers Association (NEMA) Standard MG 1-2006 at full-load rating conditions. These motors shall also have the means to adjust motor speed for either balancing or remote control. Belt-driven fans may use sheave adjustments for airflow balancing in lieu of a varying motor speed. This requirement can be met with either electronically commutated motors or brushless direct current (DC) motors. These motors have higher efficiency than permanent split capacitor (PSC) motors and inherently have speed control that can be used for VAV operation or balancing."
Target Audience:
Cooling Tower Fan Motors Manufacturers, Cooling Tower Fan Motors International Traders, Cooling Tower Fan Motors Distributors and Suppliers, Research and Development, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cooling Tower Fan Motors market on the basis of product [Permanent Magnet Motors and Induction Motors] , application [Commercial, Oil & Gas, Food & Beverages, Chemical, Petrochemical and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cooling Tower Fan Motors market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cooling Tower Fan Motors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cooling Tower Fan Motors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.