Market Highlights —
Electric Motors Market is expected to grow over the CAGR of around 4% during the period 2016 to 2022
The Global Electric Motors Market will be driven by the increasing applications and the huge installations of electric motors in marine, oil and gas, energy and power and other industries. These industries are dependent on use of machines which require constant power supply. The industrial machines supply power and in turn, drive the electric motors market. The policy makers are focusing on public transit infrastructure, with very less pollution for tackling of the air pollutant emissions, mostly in the densely populated cities and megacities. The other factors which are driving the automotive connectors market is the increasing level of urbanization in all the developing economies, the increasing urbanization and the increasing automation in various industry sectors.
• BB Group Ltd. (U.K.),
• Siemens AG (Germany),
• AMETEK Inc. (U.S.),
• ARC Systems Inc. (U.S.),
• Brook Crompton Americas (U.S.),
• Emerson Electric Co. (U.S.),
• Hitachi, Ltd. (Japan),
• General Electric Company (U.S.),
• Franklin Electric Co., Inc. (U.S.),
• Johnson Electric Holdings Limited (Hong Kong),
• Nidec Corporation (Japan),
• Maxon Motor AG (Switzerland) and others.
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One of the key drivers for the growth of Electric motors market is the increasing adoption of electric motors in the industrial machinery along with household appliances. The increase in need of more efficient electric motors for achieving efficiency in usage of energy along with cost effectiveness is driving the growth of the market. The electric motors are used in agricultural equipment. The growth of the agricultural sector and the increase in use of motor operated equipment in the agricultural sector is further expected to drive the demand of the electric motors market. The increase in awareness about the effect of greenhouse gases is also leading to a shift from conventional motors to the electric motors, which is expected to drive the global electric motors market during the forecast period. However, the growth of this market is expected to be restrained by the high cost of electric motors and the lack of awareness for use of electric motors.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Electric Motors Market Research Report - Forecast to 2022”
Scope of the Report
This study provides an overview of the Global Electric motors market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Electric motors market by its type, output power, application and region.
By Output Power
• Fractional horsepower
• Integral horsepower
• Motor vehicles
• Industrial machinery
• Household appliances
• North America
• Asia Pacific
• Rest of the World
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