Global Electric Motor Sales Industry 2019 Global Market Size, Technology Review, Cost Analysis and Demand Overview
Infinium Global Research has added a new report on Global Electric Motor Sales Market. The report covers the analysis of global as well as regional markets of electric motor sales. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
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Growing transition towards energy-efficient motors coupled with an increase in commercial and residential growth in the developing economies are key factors driving the growth of the electric motor sales market. In addition, sales of electric vehicles have witnessed a tremendous increase owing to favorable government policies and is expected to spur the demand for electric motors. The growth of electric motor sales market is further driven by an increase in automobile production over the forecast period. However, lack of awareness about their advantages could hamper the growth of electric motor sales market. The need for low power consumption and improved efficiency is expected to generate continuous demand for electric motors over the next few years.
The global electric motor sales market is segmented into type, voltage and End User. On the basis of types, the market is segmented into induction AC motors and synchronous AC motors. Based on the voltage, the market is further bifurcated into fractional HP output and integral HP output. Among them, fractional HP output dominates the market owing to its wide range of in all household appliances. The end-user segment is categorized into household appliances, HVAC Equipment, aerospace & transportation, motor vehicles, industrial machinery, and Other End-User.
Geographically, Asia Pacific is expected to hold maximum share in the electric motor sales market. The growth in the Asia Pacific is due to immense investments in industrialization in the in major countries such as India, China, South Korea, and Indonesia. Increasing hybrid vehicles sales is likely to increase the production rate of electric motors in the Asia Pacific region, strengthening product penetration till 2024. High adoption of electric motors in commercial and passenger cars is also contributing to the regional growth in North America. Furthermore, Latin America and the Middle East and Africa is expected to show moderate growth rate over the forecast period. The increasing government funding in this region is likely to have positive impact on electric motor sales market in the near future.
The company profiled in the global electric motor sales market are ABB Motors and Mechanical,
ASMO CO., LTD, AMETEK, Inc., Johnson Electric, Allied Motion Technologies, Franklin Electric, Rockwell Automation, Inc., Siemens AG and Other Companies. The major companies operating in this market are focusing on research and development projects in order to maintain their positions.
- Comprehensive analysis of global as well as regional markets of the Electric Motor Sales.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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