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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Industrial Motors Market Report
The industrial motors market by revenue is expected to grow at a CAGR of over 8% during the period 2021-2026.
The global industrial motors industry is expected to grow with the growth in industrial production, enhancement in technological advancement, increase in urbanization, and expansion of manufacturing industries. The industrial motor sales in the APAC region are anticipated to experience steady growth, and key drivers include an increase in infrastructure expenditure and a focus on industrial production growth. Several APAC countries, including China and India, are expected to observe remarkable gains in the industrial motors market with key infrastructure expansions in the industrial sector and building services during the forecast period.
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New York, Feb. 02, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Protective Coatings Market - Global Outlook and Forecast 2021-2026 - https://www.reportlinker.com/p06020375/?utm source=GNW 6% during the period 2021–2026.
The global protective coatings market is expected to grow over 1.4X times in terms of revenue during the forecast period. In 2020, the market witnessed reasonable growth, with over 41% of the share contributed by the APAC market, especially India, China, and Japan. The growth of protective coatings in the European region has been boosted by the development in oil and gas segments and investments in various infrastructure projects during 2015–2019. The growth of protective coatings in the European market declined in 2020 due to the outbroke of the COVID-19, which resulted in the abrupt downturn in the European construction market. The market has been highly affected by the COVID-19 outbreak due to variations in the co
While engineering and construction, and IT services will be key growth drivers going ahead, L&T also plans to rollout two digital platforms in 2021 marking L&Ts foray into the business-to-consumer space.