Global Electric Motor Market To Reach US$ 130 Billion By 2020 - Erie News Now | WICU & WSEE in Erie, PA

Global Electric Motor Market To Reach US$ 130 Billion By 2020

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The global electric motor market is expected to reach US$ 130 billion by 2020. Factors such as the increased use of electric motorsacross major industries, increasing awareness about energy-efficient and green electric vehicles among consumers, and government’ssupport for the high-efficiency electric motors are mainly driving the market. In addition, high growth in the agriculture sector, especially in emerging countries is expected to fuel the growth of the market. However, high maintenance cost for brushed DC motors and portability issue with heavy motors are expected to hamper the growth of the electric motor market.

In this report, the global electric motor market is segmented by type, application,output power, and region. On the basis of type, the market is segmented intoAC motor, DC motor, and hermetic motors. The market on the basis ofapplicationis segmented into industrial machinery, motor vehicles, HVAC equipment, aerospace and transportation, household appliances, and other commercial application. On the basis ofoutput power, the market is segmented intoHP output and FHP output.

The global electric motor market is segmentedon the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.Asia Pacific is expected to be the largest electric motor market during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries.The report includes a detailed study of global and regional electric motor market and analyzes the variations in the growth of the industry in certain regions.

Ametek Inc., Allied Motion Technologies, Inc, Baldor Electric Company, Inc. (ABB Group), Siemens, Johnson Electric Holdings Ltd., Rockwell Automation, Inc, Franklin Electric Co., Inc., Asmo Co., Ltd., ARC Systems, Inc, and Brook Crompton UK Ltd. are the most active players in the electric motor market.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/reportdetails/electric-motors-market-report

This report covers the electric motor market, in terms of value, and forecaststhe market size till 2020. It includes the market segmentation by type, application, output power, and region. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

This deep-dive study on the electric motor market will help customers identify new market opportunities and targeted promotional plans.

 

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Source: http://www.financeswire.com/global-electric-motor-market-to-reach-us-130-billion-by-2020

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