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As per Market Research Future (MRFR)’s assessment, the global electric motors market is anticipated to thrive at a CAGR of 6.2% during the forecast period 2017 to 2023. The key advantages offered by these motors over conventional motors are longer life span, reasonable maintenance cost, lower energy consumption, etc. These factors are poised to aid demand generation for electric motors over the next couple of years.
Electric motors are widely used for applications in HVAC, compressors, pumps, machine tools, electric cars, etc. It is anticipated to pave its way across more domains in the years to come. This, in turn, is expected to boost the growth pattern of the electric motors market over the assessment period. Also, the growth of the end-user industries is likely to reflect on the future trajectory of the market. It is presumed to propel the expansion of the electric motors market across the review period.
Electric motors are gaining popularity owing to its energy efficiency. The growing concerns regarding carbon emissions are promoting the adoption of electric motors, thus, augmenting the market. Also, a similar trend is expected to be witnessed in the upcoming years.
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Competitive Dashboard:
ABB Ltd. (Switzerland), General Electric Company (U.S.), Siemens AG (Germany), Nidec Corporation (Japan), ARC Systems, Inc. (U.S.), Allied Motion Technologies, Inc. (U.S.), Denso Corporation (Japan), Ametek, Inc. (U.S.), Emerson Electric Co. (U.S.), Robert Bosch GmbH (Germany), Hitachi, Ltd. (Japan), Rockwell Automation (U.S.), Johnson Electric Holdings Limited (Hong Kong), WEG S.A. (Brazil), and Toshiba International Corporation (U.S.)
Electric Motors Market Segmentation:
By motor type, the global electric motors market has been segmented into AC, DC, and hermetic.
By voltage, the electric motors market has been segmented into upto 1 kV, 1 kV–6.6 kV, and above 6.6 kV.
The global electric motors market, by output power, has been segmented into upto 1 hp, and above 1 hp.
By end-use, the electric motors market has been segmented into industrial, commercial, residential, agriculture, and transportation.
Electric Motors Market Regional Analysis:
The global electric motors market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Asia Pacific held the major share of the market in 2016 and is anticipated to signify a steep rise in the growth curve over the next couple of years. China, Japan, and India contributed largely to the development of the electric motors market across the review period. Additionally, the upswing in demand from end-user verticals is expected to catapult the market on an upward trajectory.
Industry News:
In March 2019, Atlas Copco, a Swedish industrial company, has introduced mobile electric VSD compressors.
In September 2018, UQM Technologies, Inc, an American manufacturer of electrical motors, generators, fuel cell compressor systems, motor controllers, and hybrid systems, has announced the launch of its latest range of PowerPhase® HD2 Electric Motor Inverters at the Electric & Hybrid Vehicle Technology Expo.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Type Of Buyers
3.1.3 Bargaining Type Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Continue..
List Of Tables
Table 1 Global Electric Motors Market: By Region, 2017-2023
Table 2 North America Electric Motors Market: By Country, 2017-2023
Table 3 Europe Electric Motors Market: By Country, 2017-2023
Table 4 Asia Pacific Electric Motors Market: By Country, 2017-2023
Table 5 RoW Electric Motors Market: By Country, 2017-2023
Continue…
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