Press release
Staggering growth in Electric motors market is expected to grow at a CAGR of 6.3% by 2027, with a significant demand for transportation products that are more environment friendly, says Absolute Markets Insights.
Absolute Markets Insights has recently added an extensive report to its repository titled Electric motors market. The study provides a lucid understanding of the Electric motors sector and scrutinizes data by using primary and secondary research techniques. Moreover, it also highlights various dynamic aspects of businesses such as client requirements, demanding products or services, shares, and raw material. Additionally, the data has been examined by means of effective analysis technique such as SWOT and Porter's Five analysis. This in return also gives a descriptive overview of strengths, weaknesses, threats, and opportunities.
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Electric motors are gaining traction in the automotive industry for the transportation of humans, materials, and objects. The general awareness regarding the ill effects of fossil fuel burning and global warming have led users to look for alternatives which would suffice their transportation needs. The Electric motors market for electric vehicles has been growing year-on-year and provides a key application area for electric motors on a global scale.
Application areas such as automotive, industrial machinery and HVAC equipment have led motor manufacturers to devise improved designs of the motors which meet the basic user requirements. Also, conducive government initiatives towards the awareness and adoption of electric vehicles are expected to aid the production and development capabilities of motor manufacturers. Furthermore, motor manufacturers are investing more towards the development of products owing to demand improvement in motor efficiency. The inclusion of individual motors for the wheels in electric vehicles is providing sufficient demand for Electric motors market players.
The detailed research study provides qualitative and quantitative analysis of the electric motors market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
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Key Findings-
Asia Pacific is observed to be the largest region in terms of revenue for the Electric motors market. The abundance of manufacturers in the region coupled with growing awareness regarding electric mobility are expected to aid the growth.
HVAC equipment is expected to grow at the fastest rate amongst the various applications of electric motors. The changing climatic conditions around the world are responsible for the growing demand for HVAC equipment. In turn, the demand for electric motors is expected to surge accordingly.
Induction AC motors are observed to gather the highest revenue figures amongst the various types of motors. Attributes such as low maintenance, longer operational life, and applicability in harsh conditions amongst others are helping the growing adoption of induction AC motors.
Some of the players operating in the electric motors market are ABB, General Electric Company, Emerson Electric Co., Hitachi, Johnson Electric Holdings Limited, Robert Bosch GmbH, Rockwell Automation Inc., Siemens, Toshiba International, WEG, Nidec Corporation, Allied Motion Inc., AMETEK Inc.., Arc Systems Inc., Denso, Brook Crompton, DR. FRITZ FAULHABER GMBH & CO. KG, Franklin Electric, maxon motor ag, Regal Beloit Corporation, and TECO-Westinghouse amongst others.
Additionally, the report offers a detailed overview of current market developments, historical records as well as futuristic predictions of the Electric motors market. Distinctive market driving and restraining factors have also been elaborated in the report to provide an insightful knowledge of the ups and down in the businesses. Furthermore, effective sales strategies have been included for accurate judgment in finding global opportunities rapidly.
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Electric Motors Market-
By Type
Alternating Current (AC) Motor
Synchronous AC Motor
Induction AC Motor
Direct Current (DC) Motor
Brushed DC Motor
Brushless DC Motor
Hermetic Motor
Electric motors market By Power Output
Integral HP Output
Fractional HP Output
By Application
Industrial Machinery
Automobile
HVAC Equipment
Aerospace
Household Appliances
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of South Asia
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
For More Information Visit@ https://www.absolutemarketsinsights.com/reports/Electric-Motors-Market-2019-2027-306
Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
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