Press release
Electric Motor Market 2016 to grow at a CAGR of 6.30% during the period to 2020
One of the biggest achievements in the field of engineering and technology is the invention of motors or, more specifically, electric motors. Since then the world has come a long way from using electric power to glow bulbs to converting electrical energy to drive various mechanical machinery. An electric motor is an electromechanical device that converts electrical energy into mechanical energy.
Global electric motors market to grow at a CAGR of 6.30% over the period 2015-2019.
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The advent of motors has helped the world move from being manual to a highly mechanized one. Right from household appliances to industrial machinery, currently everything runs on electric motors. The market is expected to grow further due to the widespread adoption of electric vehicles among people in various countries. Electric motors can be segmented into different types based on either their output power or on the basis of their type. The most widely used electric motors are FHP based on output power and AC motors based on type of electric motors. Electric motors are now being widely incorporated into electric vehicles. Also, there is a huge demand for electric motors from the HVAC industry; a whole lot of HVAC appliances incorporate electric motors for efficient operation.
Covered in this Report
This report covers the present scenario and the growth prospects of the global electric motors market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of electric motors.
Global Electric Motors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Vendors
• ABB
• Ametek
• Baldor Electric
• Brook Crompton UK
• Danaher Motion
• Emerson Electric
• Faulhaber Group
• Johnson Electric Holdings
• Maxon Motor
• Regal Beloit
• Siemens
Other Prominent Vendors
• Allied Motion Technologies
• ARC Systems
• Asmo
• Franklin Electric
• Huali
• Nidec
• Rockwell Automation
• TECO-Westinghouse
• Toshiba
Market Driver
• Increased Adoption of Electric Vehicles
• For a full, detailed list, view our report
Market Challenge
• Highly Fragmented Market
• For a full, detailed list, view our report
Market Trend
• Adoption of Energy-efficient Motors
• For a full, detailed list, view our report
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