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Electric Motors Market will Reach US$ 145.8 Bn by the end of 2027

08-17-2018 09:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Electric Motors Market will Reach US$ 145.8 Bn by the end of 2027

Future Market Insights’ newly published report titled “Electric Motors Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” examines the global electric motors market and offers crucial market insights for the next 10 years. According to the report, the market is anticipated to witness increasing demand for energy efficient motors owing to a growing focus on energy conservation. The estimated value of the global electric motors market in 2017 is US$ 88.6 Bn and the market is expected to expand at a CAGR of 4.7% to reach US$ 145.8 Bn by the end of 2027.

Global Electric Motors Market: Dynamics

The global electric motors market is estimated to be driven by increasing automation and robotics in the manufacturing sector, increasing electric vehicle sales and rising demand from HVAC and household applications. Healthy growth of end use sectors will also be a prime factor supplementing market growth. Industries across prominent regions such as Western Europe and North America and some countries in the Asia Pacific region are anticipated to witness high demand for energy efficient motors, i.e. above the IE2 efficiency level. At a product level, cost effectiveness offered by brushless DC motors due to their limited maintenance, increased efficiency, low operating cost and higher reliability will supplement growth of the DC motor segment. Product development is expected to remain a major focus for leading players in the market, while customisation will emerge as a major trend in the global market.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/REP-GB-2404

On the other hand, one of the main challenges faced by electric motors manufacturers is the rising competition among local and international companies. The local players have a significant impact on the regional markets; this has resulted in price competitiveness and narrowing profit margins. Leading players in the market are using acquisition as a top strategy to maintain a competitive edge in the global market.

Global Electric Motors Market: Segmental Forecast

On the basis of power output, the

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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