The global Electric motors market is majorly driven by increase in demand for energy efficient electric motors. The increase in environmental awareness is leading to greater adoption of the motors which provide energy efficiency, and thus contribute significantly to the growth of the electric motors market. The increase in the use of electric motors by the rapidly growing agricultural sector is also expected to contribute to the growth of the market. The increase in use of electric motors by various industrial machineries and household appliances is also expected to drive the growth of the market. The increasing use of the electric motors by various end-use industries and the booming automobile sector which is a major end-user of electric motors is expected to drive the market of the electric motors during the forecast period.
Electric Motors have brought about some of the biggest advancements in the fields of engineering and technology ever since its invention and have become a subject of extreme importance for modern engineers. Apart from agriculture Electric motors have found applications in numerous industries today, electrical motors’ wide range of industrial applications include Pump Drives (Solar & Conventional), Robotic Equipment, Railroad, Electric Vehicles (AGV’s, Tugs, Go Carts), Aerial Lifts, Amusement Rides, Automobile Lifts (Mobile and Floor Mounted) Exercise Equipment, Mobile HVAC, Chemical / Gas / Oil Pumping and so on.
Industry Top Key Players:-
The key players of global electric motors market are Robert Bosch GmbH (Germany), and Emerson Electric Co. (U.S.). Hitachi, Ltd. (Japan), Johnson Electric Holdings Limited (Hong Kong), Rockwell Automation (U.S.), WEG S.A. (Brazil), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), Nidec Corporation (Japan), Denso Corporation (Japan), Allied Motion Technologies, Inc. (U.S.), Ametek, Inc. (U.S.),ARC Systems, Inc. (U.S.), and Toshiba International Corporation (U.S.) are among others.
Electric Motors Global Market – Segmentation
The Electric Motors Market can be segmented in 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types : Comprises AC, DC, Hermatic.
Segmentation By Output Power : Comprises Fractional Horsepower, Integral Horsepower.
Segmentation By Application : Comprises HVAC, Motor Vehicles, Industrial Machinery, Household Appliances, and others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Table Of Content:-
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
To be Continued…….
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Electric Motors Global Market – Regional Analysis
Asia-Pacific is expected to dominate the global Electric motors market due the boom in the manufacturing industries in the region. The constant setting up and up gradation of manufacturing sector and the increasing emphasis of adoption of energy efficient electric motors in the region is expected to contribute to the growth of the electric motors market in the region. The developed nations such as North America and Europe are becoming more aware and have increased the use of electric motors owing to its increased energy efficiency and the low cost of electric motors.
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