openPR Logo
Press release

Global Electric Motors Market Looks to Expansion of Automotive Sector, Set to Rise to US$120.68 bn by 2019

10-07-2016 03:28 PM CET | IT, New Media & Software

Press release from: TMR Market Research

The competitive landscape of the global electric motors market includes players such as Baldor Electric Company Inc., Johnson Electric Holdings Ltd., Danaher Motion LLC, Ametek Inc., Siemens AG, Allied Motion Technologies Inc., Brook Crompton UK Ltd., and Franklin Electric Co. Inc. The market is highly fragmented with a number of international and domestic players trying to expand their businesses. This has restricted the established international brands from entering into new markets confidently as domestic players hold the upper hand in terms of prices across regional markets. Though the market has witnessed a higher degree of standardization, product and price differentiation remains low.

Asia Pacific Holds Ample Growth Opportunities for Global Electric Motors Market

In North America and Europe, various government initiatives and increase in the consumption of electricity have proved fruitful for the electric motors market. However, Asia Pacific remains the largest market for electric motors and holds immense opportunities for the key players in the near future. In fact, it is anticipated to be the fastest growing region in the market during the forecast horizon. “The surging demand for electric motors in Asia Pacific can be attributed to the rapid industrialization of countries such as Thailand, Malaysia, India, and China,” a TMR analyst points out.

PDF Sample For Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1756

Adoption of Electric Vehicles Poses a New Opportunity for Global Electric Motors Market

The positive outlook of the manufacturing sector has aided the rise in demand for electric motors. The continuous replacement of outdated electric motors across various manufacturing industries maintains the steady demand from the market. Lately, a spike in the demand for electric motors from the automotive sector has been observed. “The growing focus on electric vehicles across Germany, China, Japan, and the U.S. has created a new opportunity for the electric motors manufacturers,” TMR report states.

However, the volatility in raw material prices is a major concern for the market players. Furthermore, the high purchase price of energy efficient motors has decreased their adoption among consumer. The overall market has a significant opportunity to grow with manufacturers focusing on the manufacturing of high efficiency electric motors

Among the key types of electric motors, the AC motors dominated the overall market in 2012 and accounted for 80% of the market. In terms of demand, the hermetic electric motors segment closely followed the AC motors segment and is anticipated to register steady growth during the forecast period. “The rise in adoption of HVAC equipment has led to the growth of this segment,” TMR report points out.

The global electric motors market is anticipated to expand at a CAGR of 6.3% during the period between 2013 and 2019. The valuation of the market is expected to reach US$120.68 bn by the end of 2019.

The information presented in this review is based on a Transparency Market research report, titled “Electric Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”
http://www.transparencymarketresearch.com/electric-motors-market.html

Global electric motors market has been segmented as:

Electric Motors Market, by Geography:

Europe
North America
Asia-Pacific
Rest of the World

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Electric Motors Market Looks to Expansion of Automotive Sector, Set to Rise to US$120.68 bn by 2019 here

News-ID: 370690 • Views:

More Releases from TMR Market Research

Metrology Services Market to Expand at 8.2% CAGR from 2012 to 2018, Burgeoning A …
Metrology services involve providing talented metrologists and reliable instrumentation and software to original equipment manufacturers. A good service provider not only brings equipment to its clients, but also extends repair and calibration services, equipment rental, automation and systems integration of measurement equipment, training, tool design, and more. According to the report, the high adoption rate of computer-aided design (CAD) and computer-aided manufacturing (CAM) and statutes for international quality standards are the
Global Failure Analysis Equipment Market to Expand at 8.8% CAGR, Rapid Progressi …
Failure analysis equipment is used to determine anomalies in the functioning of various processes and systems across manufacturing, biotechnology, service, and other industries. The equipment is used to detect the reasons of breakdowns or errors at a preliminary stage, which can help accrue considerable savings over time. The report states that rapid progression in nanotechnology, combined with the development of the medical sector in Asia Pacific, are the foremost reasons driving
User Preference for Improved Smart Devices Spurs Embedded Systems Manufacture Ra …
The leaders in the global embedded microcontroller systems market in 2014 were Renesas Electronics Corporation, Freescale Semiconductor, and Samsung Electronics Corporation. The three held a collective share of 54.8% of the market value in 2014.  As for embedded microprocessor systems, Intel Corporation, Qualcomm, Samsung Electronics, and Advanced Microdevices had collectively held a share 92% in terms of value in 2014.  Download PDF for Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=995 According to a new publication

All 4 Releases


More Releases for Electric

Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry. An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region. Click
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021 The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports. This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research. This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in