Electric Engine Market Business Challenges and Financial overview 2019: Influencing Key Players are GE, ABB, DENSO, Magneti Marelli, Johnson Electric, BorgWarner Inc., Portescap, Brose Group, and so on
Leading Key Players of Electric Engine Market are global electric engine market are GE, YASA Limited, ABB, Arc Systems Inc, Brook Crompton UK Ltd, DENSO Corporation., FAULHABER Group, Zytek Group Limited, Magneti Marelli S.p.A, Torqeedo GmbH, PEEI, Oceanvolt, Elaphe Ltd., Johnson Electric Holdings Limited, BorgWarner Inc., Portescap, Lafert SpA, Brose Fahrzeugteile GmbH & Co. KG, Amber Group India., Kisankraft and others.
The report aids in achieving an extreme sense of evolving industry movements before the competitors. The report also analyses the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The best tools have been adopted to generate this report which is SWOT analysis and Porter’s Five Forces analysis. This market report is truly a key to achieve the new horizon of success. This report is also a helpful source of assistance and direction for companies and individuals interested in the industry.
Global electric engine market is set to witness a substantial CAGR of 5.82% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for superior machine control in automotive industry and rising concern to reduce energy consumption and pollution are the factor for the growth of this market.
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Electric engine is a machine which is specially designed so that they can convert the electrical energy into mechanical energy. They are usually powered by alternating current sources or direct current sources. Motor or engine is a device which is used to create rotational forces. These electric engine are widely used in applications such as household, aerospace and transportation, motor vehicles, industrial machinery and others. They are available in different voltage range as per the need and requirement.
Recent Industry Developments
In December 2017, Schaeffler announced that they have acquired the remaining 49% of the company compact dynamics. This acquisition is the part of the company’s new strategy Mobility for tomorrow and will also help the company to expand their product portfolio. With the new technologies, the company will be able to create more effective products for their customer
In January 2017, Nidec Corporation announced the acquisition of Emerson Electric Co, so that they can expand their commercial and industrial business. The company will be able to combine the technologies of both the company and will create products to meet the need and requirement of the both the customers. This will enhance their product portfolio and strengthen their position in the market
Rapid urbanization and industrialization will drive market
Increasing adoption of motor driven electric vehicle will also propel the growth
Rising disposable income will also drive market
Growing demand from industrial and electrical sector will also contribute as a factor for the market
High cost of the engine will restrain the market
Lack of awareness about the benefits of smart motors will also hinder growth
Table of Contents: Global Electric Engine Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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Global electric engine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric engine market for global, Europe, North America, Asia-Pacific and South America.
Key Market Segmentation of Electric Engine Market
By Motor Type
Alternate Current (AC) Motor
Alternate Current (AC) Motor
By Output Power
Integral Horsepower Output
Fractional Horsepower Output
By Voltage Range
9V & Below
60V & Above
Heating, ventilating, and cooling (HVAC) equipment
Aerospace & transportation
Other Commercial Application
Low-Speed Electric Motors
Medium-Speed Electric Motors
High-Speed Electric Motors
Ultrahigh-Speed Electric Motors
Middle East and Africa
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