Press release
Electric Motors Market in Asia Pacific Region is Expected to Hold 55% Industry Share By 2024
Electric Motors Market
Changing trend of adopting solar powered consumer goods due to their numerous benefits is observed as an opportunity for the players. These beneficiary factors include low power consumption and high efficiency. Moreover, government initiatives promote the electric motors market growth. For instance, the U.S. DoE is investing heavily in development of solar powered products.
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The rising demand for electric vehicles across the globe have bestowed plethora of M&As, joint ventures, and R&D activities in the industry. Citing some noteworthy instances, in 2011, Bosch and Daimler collaborated as equals to establish a new venture EM-motive GMBH, that would enhance its production capabilities to manufacture electric motors. Reportedly, now the joint venture is a prime distributor of electric motors to OEMs manufacturing e-vehicles and also for the automotive aftermarket.
Research activities are carried out for enhancement of energy efficiency in the product. For instance, the U.S. DoE invested USD 25 million for 13 R&D projects which aims at technological advancements in electric motors. These advancements will offer improved product features for multiple applications.
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OEMs of electric motors market will hold 80% revenue share till 2024. Rising importance of DC motors in industrial, consumer, and automobile applications will drive the industry growth. Industry participants focus on developing cost-effective solutions to gain competitive edge. Moreover, tax cuts and reduction in excise duties for auto parts will boost trading activities thereby accelerating product demand.
Table of Contents:
Chapter 6 Electric Motors Market, By End-Use
6.1 Electric motors market share by end-use, 2016 & 2024
6.2 OEM
6.2.1 Market estimates and forecast from OEM, 2013 – 2024, (Million units) (USD Million)
6.2.2 Market estimates and forecast from OEM by region, 2013 – 2024, (Million units) (USD Million)
6.3 Aftermarket
6.3.1 Market estimates and forecast from aftermarket, 2013 – 2024, (Million units) (USD Million)
6.3.2 Market estimates and forecast from aftermarket by region, 2013 – 2024, (Million units) (USD Million)
Chapter 7 Electric Motors Market, By Region
7.1 Electric motors market share by region, 2016 & 2024
7.2 North America
7.2.1 North America market estimates and forecast, 2013 – 2024, (Million units) (USD Million)
7.2.2 North America market estimates and forecast, by motor, 2013 – 2024, (Million units) (USD Million)
7.2.3 North America market estimates and forecast, by end-use, 2013 – 2024, (Million units) (USD Million)
7.2.4 U.S.
7.2.4.1 U.S. market estimates and forecast, 2013 – 2024, (Million units) (USD Million)
7.2.4.2 U.S. market estimates and forecast, by motor, 2013 – 2024, (Million units) (USD Million)
7.2.4.3 U.S. market estimates and forecast, by end-use, 2013 – 2024, (Million units) (USD Million)
7.2.5 Canada
7.2.5.1 Canada market estimates and forecast, 2013 – 2024, (Million units) (USD Million)
7.2.5.2 Canada market estimates and forecast, by motor, 2013 – 2024, (Million units) (USD Million)
7.2.5.3 Canada market estimates and forecast, by end-use, 2013 – 2024, (Million units) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/electric-motors-market
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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