8 April 2019 – Global Electric Motor Market is projected to witness a huge growth with a staggering CAGR of 6.38% in the forecast period. Electric motors are basically a type of electro-mechanical device that functions on the basis of electromagnetic induction. These devices are highly long-lasting and very efficient. Looking at its productivity, electric motors consumes minor energy and has high endurance that can fluctuate voltages. In addition to this, one of the major advantage of an electric motor is its low cost than the fossil-fuel engines.
Advancements in numerous technologies and a massive expansion in the industrial automation sector are the two major factors that are driving the growth of the market. Along with these, in large industrial plants, it is seen that gas turbines are being replaced with electric motors, which is one of the essential facet that is helping the electric motor market to grow.
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But the market is witnessing an issue due to the portability of electric motors especially in heavy appliances. Electric motors with complex electric circuits are facing problems, which is leading to replacement of faulty components. These reasons are restraining the electric motor market to grow presently. The government is initiating proactive actions such as diminishing pollution emitted from vehicles. With an objective to boost the sales of electric vehicles, the demand of electric motors is anticipated to increase and will help in reducing environmental pollution. This initiative will allow the market to grow tremendously in the near future.
Electric motor market is segmented on the basis of type (alternate current motor, direct current motor, hermetic motor), output power (integral horsepower, fractional horsepower), voltage range (9V & above, 10V-20V, 21V-60V, 60V & above), application (industrial machinery, motor vehicle, HVAC equipment, aerospace & transportation, household appliances), speed (low speed, medium speed, high speed, ultra-high speed) and region (North America, Europe, Asia Pacific, LAMEA).
The market is spread along various regions such as North America, Europe, Asia Pacific and LAMEA. Among these, Asia Pacific is currently leading the electric motor industry as there is a rise in the industrialization and growth in the disposable income in numerous countries of the Asia Pacific region.
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Leading players of Electric Motor including:
- Regal Beloit
- Rockwell Automation and more..
Market split by Type, can be divided into:
- AC Motor
- DC Motor
- Hermetic Motor
Market split by Application, can be divided into:
- Industrial Machinery
- HVAC Equipment
- Aerospace & Marine
- Household Appliances
Table of Contents
Chapter 1 Electric Motor Market Overview
Chapter 2 Electric Motor Market Segment Analysis by Player
Chapter 3 Electric Motor Market Segment Analysis by Type
Chapter 4 Electric Motor Market Segment Analysis by Application
Chapter 5 Electric Motor Market Segment Analysis by Sales Channel
Chapter 6 Electric Motor Market Segment Analysis by Region
Chapter 7 Profile of Leading Electric Motor Players
Chapter 8 Upstream and Downstream Analysis of Electric Motor
Chapter 9 Development Trend of Electric Motor (2018-2028)
Chapter 10 Appendix
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