Electric Motor Market is Booming By Top Leading Key Players like Siemens AG, Baldor Electric Incorporation, Johnson Electric Holdings Limited, Allied Motion Technologies, Ametek Incorporation

Allied Market Research published a report, titled, "Electric Motor Market by Type (AC Motor, DC Motor, and Hermetic Motor), Output Power (IHP and FHP), Voltage Range (9 V & below, 10-20 V, 21-60 V, 60 V & Above), Application (Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, and Household Appliances) & Speed (Low-speed, Medium-speed, High-speed, Ultrahigh-speed): Global Opportunity Analysis and Industry Forecast, 2018-2025."

As per the report, the global electric motor market was estimated at $96.9 billion in 2017 and is expected to reach $136.4 billion by 2025, growing at a CAGR of 4.5% from 2018 to 2025. The report offers an in-depth analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

North America to maintain its dominance throughout the forecast period

Based on geography, North America contributed to more than one-third of the total market share in 2017 and is expected to dominate during the forecast period. Increase in demand for application-specific medical tools and industrial equipment & machinery for various industrial processes & activities have spurred the growth.

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The AC motor segment to maintain its leadership status till 2025

Based on motor type, the AC motor segment held the largest share, accounting for more than two-thirds of the total market share. Rise in adoption of AC motors owing to its availability in all sizes and low prices of permanent magnets are the major factors that have driven the growth of the segment.

Key market players

Leading market players analyzed in the report include Siemens AG, Baldor Electric Incorporation, Johnson Electric Holdings Limited, Allied Motion Technologies Inc., Ametek Incorporation, Asmo Corporation Limited, Franklin Electric Cooperative Incorporation Brook Crompton UK Limited, ARC Systems Incorporation, and Rockwell Automation Incorporation. These players have implemented various market strategies such as partnerships, collaboration, mergers & acquisitions, and new product launch to retain their stand in the industry.

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Key Findings Of The Study
o In 2017, the AC motor segment dominated the global electric motor market in terms of revenue, and is projected to grow at a CAGR of 4.5% during the forecast period.
o The FHP output segment is expected to be the largest customers for the electric motor market players globally.
o North America is projected as one of the most dominant regions in the electric motor market and is expected to witness a high growth rate of around 3.8% during the forecast period.

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