Regular preventive maintenance is impelling the growth of the electric motor maintenance market
A research and markets research paper on utilisation of electric motors shows significant growth in various sectors due to increasing automation.
The global electric motor repair and maintenance market size reached US$ 32.1 Billion in 2022. Looking forward, a research paper from research and markets expects the market to reach US$ 36.2 Billion by 2028, exhibiting a CAGR of 2.02% during 2022-2028.
According to the research paper utilisation of electric motors has grown significantly in various sectors due to increasing automation. Advancements in the automation industry are changing the nature of repair and maintenance of motors, including the type of specialist equipment and skills required. Due to the employment of intricate machinery, the demand for motor repair and maintenance services is anticipated to rise in the coming years.
The general procedure of a regular maintenance check includes visual inspection, maintenance check on the commutator and brush, motor winding test and bearing inspection. Moreover, repairing electric motors is cost-effective than replacing the entire machine, thereby being an optimum alternative.