Europe Electric Motor Marketing Trends That Will Take Off In 2022

Europe Electric Motor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $22.32 billion by 2022, registering a CAGR of 3.7% during the period 2016-2022.Germany accounted for the highest share in 2014, followed by France. Growing adoption of electric motors in various applications including industrial machinery, motor vehicles, heating ventilating and cooling (HVAC) equipment, aerospace & transportation, household appliances accelerates the growth of this market.

View Detail Summary of this report:https://www.alliedmarketresearch.com/europe-electric-motor-market

By type, the European electric motor market is segmented into alternative current (AC) motors, direct current (DC) motors, and hermetic motors. The AC motor segment dominated the market with around 70% share in 2014 and is expected to continue its dominance during the forecast period. This segment is further sub-segmented into synchronous AC motors and induction motors.

Key findings of the study:

• The European electric motor market is likely to grow at a moderate rate in the future, owing to increasing demand for products equipped with electric motors
• AC motors would lead the market throughout the analysis period, while hermetic motors segment would witness the highest growth during 2016 - 2022
• The application of electric motors in heating ventilation and cooling (HVAC) equipment sector is anticipated to register the highest CAGR of 6.4% during the forecast period
• Germany would remain the highest revenue-generating country in this market throughout 2014 - 2022

The major players in this market include Ametek Inc., Siemens AG, Baldor Electric, Allied Motion Technologies Inc., ARC Systems Inc., Asmo Co Ltd, Brook Crompton UK Limited, Franklin Electric Co. Inc., Rockwell Automation, Inc., and Johnson Electric Holdings Ltd. These players consistently launch new products to enhance their existing portfolios and expand their customer base. In addition, strategic alliances and mergers & acquisitions provide growth opportunities for geographical expansion and a wider market reach.

Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.

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