Press release
Electric Motor Market Highlights Key Development Factors and Upcoming Trends during forecast 2020-2024 |Global Key Company's - Nidec, Siemens, ABB, Denso, Hitachi, Regal Beloit, GE, Bosch
Electric Motor Market
Global Electric Motor Market overview:
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The Electric Motor proselytes electrical vitality into mechanical vitality. Its segments incorporate rotor, orientation, stator, air hole, windings, and commutator. Factors, for example, rakish developments, torque necessities, increasing speed, speed, and control settle on AC engines a perfect decision for mechanical framework market Shunt, series, permanent magnetics, and others are different types of DC motors, while synchronous machines, reluctance motors, and others are different types of AC motors. Electric motors commonly find applications in OEM based products, pumps, conveyor systems, compressors, fans, and industrial machineries. AC and DC motors can be developed through integration of electronic hardware and sensors that offers predictive maintenance and reduces downtime during maintenance.
The Global Electric Motor Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Electric Motor Market is sub segmented into AC Motor, DC Motor, Hermetic Motor. Based on End Use Industry segment, the Electric Motor Market is sub segmented into Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances.
An Electric Motor is an electrical machine that converts electrical energy into mechanical energy. Most Electric Motor operate through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of rotation of a shaft.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for Electric Motor followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for Electric Motor in North America.
Some of the Electric Motor Market manufacturers involved in the market are Nidec, Siemens, ABB, Denso, Hitachi, Regal Beloit, GE, Bosch, Emerson, Rockwell Automation, Toshiba, Franklin Electric, Johnson Electric, Broad-Ocean, Ametek, Allied Motion, Acquisitions and effective mergers are some of the strategies adopted by the Electric Motor Market manufacturers. New product launches and continuous technological innovations are the Electric Motor Market strategies adopted by the major players.
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Key Questions Answered in this Report:
1 The study provides an in-depth analysis of the global Electric Motor Market and current & future trends to elucidate the imminent investment pockets.
2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
4 The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Latest Industry Updates:
Siemens:- In a step to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. today signed an agreement to acquire New Delhi-based C&S Electric Limited. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens' position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world's fastest-growing economies. Under the agreement, Siemens Ltd. will acquire approximately 99 percent of the equity share capital of C&S Electric Limited for around Rs. 2,100 crore (approximately EUR 267 million). Closing of the acquisition is subject to regulatory approvals. In the future, Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world.
The scope of the acquisition comprises the Indian operations of C&S Electric's low-voltage switchgear components and panels, low and medium voltage power busbars as well as protection and metering devices businesses. Other businesses of the company such as medium voltage switchgear and package sub-station, lighting, diesel generating sets, EPC (Engineering, Procurement and Construction) and the Etacom busbars business will be retained by the owners.
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Table of Contents:
1 Electric Motor Definition
2 Global Electric Motor Market Major Player Share and Market Overview
3 Major Player Electric Motor Business Introduction
4 Global Electric Motor Market Segmentation (Region Level)
5 Global Electric Motor Market Segmentation (Product Type Level)
6 Global Electric Motor Market Segmentation (Industry Level)
7 Global Electric Motor Market Segmentation (Channel Level)
8 Electric Motor Market Forecast 2020-2024
9 Electric Motor Segmentation Type
10 Electric Motor Segmentation Industry
11 Electric Motor Cost Analysis
12 Conclusion
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