Indonesia Electric Motors Market Landscape Thoroughly Scrutinised by TechSci Research in Its Report Available at MarketPublishers.com
03 Aug 2015 • by Natalie Aster
LONDON – Nowadays, Indonesia is recognized as one of the major economies in the Southeast Asia. Moreover, the Indonesian authorities plan to establish more than 35 industrial hubs in the country in order to strengthen and further accelerate the country’s position in the region.
Electric motors make the core of pumps, which are widely used in such industrial applications as crude oil extraction and refining, production of chemicals and fertilizers, power plants and cement industry, to name a few. Furthermore, electric motors are used in mechanical movement applications and also in compressors. The demand for electric motors in Indonesia is predicted to grow considerably in the next five years, driven primarily by the anticipated economic and industrial growth of the country.
Through 2020, the Indonesian electric motors market is forecast to rise at a 3% CAGR, propelled by such factors as expanding usage of energy-efficient electric motors across various applications, ongoing development of the country’s industrial sector and favourable governmental regulations.
ABB, Siemens, TECO, WEG and Hitachi are the major companies involved in the Indonesian market for electric motors.
Insightful research study “Indonesia Electric Motors Market Forecast and Opportunities, 2020” developed by TechSci Research provides a relevant discussion of the Indonesian electric motors market scenario. The research report focuses on the analysis of the historical and current market performance, uncovers details on the market size and shares, delves into the regulatory landscape, offers a thorough analysis of the competitve landscape and gives information on the key market players. In addition, the report reviews changing market trends and points out emerging opportunities and prospects of the country’s electric motors market up to 2020.
Indonesia Electric Motors Market Forecast and Opportunities, 2020
Date: July 15, 2015
Price: US$ 2,200.00
For more market research reports by the publishers, please click TechSci Research page.