Separately Excited Motor Market Size

Separately Excited Motor Market Analysis

The Separately Excited Motor Market is expected to register a CAGR of 2.2% over the forecast period (2022-2027). Separately Excited Motors can operate in stable conditions with any field excitation and gives a wide range of output voltage. Also, these motors operate above the base speed in the field-weakening region by reducing the field current independently.

• The separately excited motors have wide application in automobile traction applications. The growing demand for vehicles is likely to create the demand for separately excited motors for automotive traction applications during the forecast period.
• The food, cosmetics, and consumer goods companies are working with paper manufacturers for developing packaging solutions to meet the sustainability goals which is propelling the demand for separately excited motors.
• Furthermore, according to Crisil, rising advertising and subscription revenue, the print media is likely to show a 20% topline growth to INR 27,000 crore next fiscal. Also, ad revenue will rebound as economic activity improves, given their high correlation, while reopening of offices. This is expected to create demand for paper and hence for the paper machines that uses separately excited motors.
• Furthermore, the use of paper machines has helped paper manufacturers in reducing labor charges and service charges, this has increased the adoption of paper machines in paper industry. However, the high cost of motor is hindering the market growth.
• The Covid-19 pandemic has negatively impacted on the market. Due to the pandemic restrictions and supply chain disruption manufacturing industries were shutdown resulting in decrease in demand for separately excited motors across the various industrial applications.