The growing demand
for energy conservation and energy efficient appliances is a major
force that is fueling the global electric motors market. Increasing
number of companies have been investing in this sector to benefit
from the many advantages of electric motors. The report identifies
and understands similar factors that influence the growth of the
market for electric motors. It also determines forces that will
hamper the growth and ways of minimizing the restraints.
The report analyses
the global electric motors market by segmenting it on the basis of
parameters such as output power, application, type, and geography.
Evaluating each segment and its contribution towards the electric
motors market, the report provides estimations and statistics on the
market scenario. The various trends and opportunities in different
regional markets are discussed at length to support the growth of the
electric motors market and improve market capitalization.
Browse The Report:
http://www.transparencymarketresearch.com/electric-motors-market.html
An in-depth section
on the competitive landscape of the electric motors market provides
key insights into the numerous industry leaders and stakeholders and
their operations. Aspects such as company profile, financial
overview, business strategy, SWOT analysis, and recent developments
in the electric motors industry are covered using Porter’s five
force analysis and value chain analysis.
Overview of the
global electric motors market
The worldwide market
for electric motors is expected to be worth an estimated US$120.68
billion by 2019, growing at a 6.3% CAGR during 2013-2019. Electric
motors has a wide area of applications in numerous industries and
functions such as motor vehicles, household appliances, industrial
machinery, aerospace and other transportation equipment, HVAC
equipments, and commercial industry.
Countries across the
globe have become increasingly aware about conserving energy, as a
result of which, the demand for energy efficient electric motors has
been on the rise. High and premium efficiency electric motors are
being applied in various areas of operation and governments have
become strict in implementing energy regulations. The usage of these
optimum electric motors also reduces the financial burden on
consumers and governments. Moreover, electric motors are used widely
in the production of motor vehicles, heating ventilating and cooling
equipment, and household appliances, leading to a rise in demand.
Improving standard of living and increasing disposable income in
developing countries is also expected to propel the electric motors
market.
On the other hand,
fluctuations in the prices of raw material and high purchase price of
energy efficient electric motors are expected to inhibit the growth
of the global electric motors market.
Asia-Pacific is the
fastest-growing and largest regional market for electric motors owing
to improving economies and rising purchasing power in countries such
as India, Malaysia, China, and Indonesia. Government initiatives and
mounting electricity consumptions are expected to drive the North
American and European electric motors market.
Companies
mentioned in the research report
The global electric
motors market is highly fragmented and has many international and
domestic players vying to carve a niche for themselves in this
competitive market. Some of the leading players in the electric
motors industry include Johnson Electric Holdings Ltd., Baldor
Electric Company, Inc., Ametek, Inc., Danaher Motion LLC, Siemens AG,
Brook Crompton UK Ltd., Allied Motion Technologies Inc., and Franklin
Electric Co., Inc.
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