Electric Motors Report 2018 - Worldwide Market Analysis & Opportunities (2014-2020) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The “World Electric Motors - Market Opportunities and Forecasts, 2014 - 2020” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the world electric motors market is estimated to garner $129 billion by 2020, registering a CAGR of 5.3% during 2015-2020.
Presently, the demand for energy efficient electric motors drives the electric motors market. The demand for energy efficient electric motors can be attributed to factors such as the growing electricity cost and rising automobile fuel prices.
AC motors accounted for the highest revenue generating motor among all type of motors in 2014. Synchronous and Induction are the two main types of AC motors discussed in the report.
Brushed and brushless are two major type DC motors discussed in the report. Owing to low maintenance cost, brushless DC motors are majorly used in small applications across various sectors, which has led the brushless type of DC motor to generate higher revenue in DC motor segment.
Among all the three types, Hermetic motors are expected to witness the highest CAGR of 7.4% during the forecast period (2015-2020). The growth will be driven by the increasing use of HVAC applications across the world, in turn creating demand for hermetic motors.
The motor vehicle sector generates nearly 52% of the revenue amongst others in application segment of electric motors market on account of the consistently increasing adoption for electric motors in the automobile sector. Leading car makers such as Tesla, Ford, Nissan and Chevrolet are engaged in the development of novel electric cars. Favourable government initiatives and supportive regulatory policies are key factors that are boosting the growth of the electric vehicle market, further supplementing the demand of electric motors.
Mergers and acquisitions are identified as prominent development strategies adopted by manufacturers in the market. Allied Motion Technologies Incorporation recently acquired Globe Motors, a precision quality grade electric motor manufacturer. This acquisition has enabled Allied Motion Technologies to provide innovative products and customized solutions to its customers.
Key Topics Covered
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Electric Motor Market by Motor Type
Chapter 5 World Electric Motor Market by Output Power
Chapter 6 World Electric Motor Market by Applications
Chapter 7 World Electric Motors Market by Geography
Chapter 8 Company ProfilesARC Systems Allied Motion Technologies Ametek Inc. Asmo Co. Baldor Electric Company Inc. (ABB Group) Brook Crompton UK Ltd. Franklin Electric Co. Johnson Electric Holdings Ltd. Rockwell Automation Siemens
For more information about this report visit https://www.researchandmarkets.com/research/wbmw5m/electric_motors?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005475/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/05/2018 07:16 AM/DISC: 09/05/2018 07:16 AM