Electric motors market 2021 with Present and Future scenario with Major Key players Like ABB, General Electric Company, Emerson Electric Co., Hitachi

Absolute Markets Insights has recent added an report to its titled Electric motors market. The study provides a lucid understanding of the Electric motors sector data by using primary and secondary research techniques. Moreover, it also explains various dynamic aspects of businesses such as demanding products or services, shares. 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, opportunities, weaknesses.

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Electric motors are gaining traction in the automotive industry for the transportation of humans 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 industrial machinery, automotive and HVAC equipment have led motor manufacturers to devise improved designs of the motors which meet the basic user requirements. 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.

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Geographically, the Electric motors market has been fragmented into several regions such as North America, Latin America, Asia-Pacific, Africa, and Europe on the basis of productivity of several companies. Each and every segment along with its sub-segments are analyzed in the research report. The competitive landscape of the Electric motors market has been elaborated by studying numerous factors such as top manufacturers, prices and revenue. The information on the Electric motors market is accessible to readers in logical chapter wise format.

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:
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.

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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
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

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