Electric Motors Market Estimated To Experience A Hike In Growth By 2026 | Leading Players are Emerson Electric Co., Rockwell Automation, Inc., Ametek, Inc., Siemens AG, Denso Corporation, Bosch Group, Baldor Electric Co., ABB Ltd., Hitachi, Ltd.

New York 15 April 2019: The report “Electric Motors Market [By Type (AC Motor, DC Motor, Hermetic Motor); By Voltage (9 V & Below, 10-20 V, 21-60 V, 60 V & Above); By Output Power (Integral HP Output, Fractional HP Output); By End-User (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region]: Market Size & Forecast, 2018 – 2026” The global electric motors market is anticipated to reach over USD 157.4 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the AC motor segment dominated the global market, in terms of revenue Asia-Pacific is expected to be the leading contributor to the global market revenue of electric motors during the forecast period.

Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/electric-motors-market/request-for-sample

The diverse applications of electric motors in majority of industries such as healthcare, construction, packaging, automotive, and consumer goods among others are expected to support the growth of this market. Other driving factors include rising demand for electric motor in household appliances, growing use in HVAC applications, and government support for development of high efficiency electric motors are propelling the market growth. However, high maintenance costs, and stringent regulations hampering the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The growing adoption of electric vehicles is expected to support market growth of electric motors. The increasing requirement to reduce vehicle emissions and global carbon footprint drives the demand for electric vehicles. Use of electric vehicles offer benefits such as low maintenance costs, reduced harmful vehicle emissions, while providing comparable power. Electric vehicles are increasingly being used to restrict the emission of carbon, nitrogen, and other harmful compounds from gasoline and diesel vehicles. This is one of the largest ancillary industry which is pushing the demand for electric motors globally.

Browse summary of this report with TOC @ https://www.polarismarketresearch.com/industry-analysis/electric-motors-market

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.
The different types of electric motors include AC motors, DC motors, and hermetic motors. In 2017, the AC motor segment accounted for the highest market share owing to the increasing demand for AC motors from industries such as agriculture, paper & pulp, and chemicals. They are majorly used in industrial applications and machine tools. Some key features offered by AC motors include controlled acceleration, low power demand on start, adjustable operational speed, adjustable torque limit, and reduced power line disturbances among others.

The well-known companies profiled in the report include Emerson Electric Co., Rockwell Automation, Inc., Ametek, Inc., Siemens AG, Denso Corporation, Bosch Group, Baldor Electric Co., ABB Ltd., Hitachi, Ltd., General Electric Company, Allied Motion Technologies, Inc., and Regal Beloit Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Inquire before-buying @ https://www.polarismarketresearch.com/industry-analysis/electric-motors-market/inquire-before-buying

Key Segments:

Electric Motors Market Size and Forecast, 2017-2026 by Type

• Key Findings
• AC Motor
• DC Motor
• Hermetic Motors

Electric Motors Market Size and Forecast, 2017-2026 by Voltage

• Key Findings
• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & above

Electric Motors Market Size and Segment Forecast, 2017 - 2026 by Output Power

• Key Findings
• Integral HP Output
• Fractional HP Output

Electric Motor Market Size and Forecast, 2017-2026 by End-User

• Key Findings
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Other Applications

Electric Motor Market Size and Forecast, 2017-2026 by End-User

• Key Findings
• Automotive
• Agriculture
• Residential
• Commercial
• Industrial
• Others

Electric Motor Market Size and Forecast, 2017-2026 by Region

• North America [U.S., Canada]
• Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
• Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
• Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
• Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]

Check for discount @ https://www.polarismarketresearch.com/industry-analysis/electric-motors-market/request-for-discount-pricing

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.