ELECTRIC MOTOR MARKET GLOBAL MARKET TRENDS, SIZE, SHARE & ANALYSIS 2019-2027
GLOBAL ELECTRIC MOTOR MARKET FORECAST 2019-2027 Global Electric Motor Market by Motor Type (AC Motor(Synchronous Motors, Induction AC Motor), DC Motor(Brushed DC Motor, Brushless DC Motor), Hermetic Motor) by Output power (IHP Output, FHP Output) by Voltage Range (Less than 9V, 10-20V, 2160V, More than 60V) by Speed (Low Speed Electric Motors, Medium Speed Electric Motors, High Speed Electric Motors, Ultra High Speed Electric Motors) by Application(Industrial Machinery, Motor Vehicles Machinery, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Appliances) & by Geography.
Market Drivers and Impact GROWTH IN AUTOMOTIVE INDUSTRY
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GROWTH IN AUTOMOTIVE INDUSTRY
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INCREASE IN ADOPTION OF ELECTRIC MOTORS IN HVAC INDUSTRY
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HIGH INITIAL COSTS OF ELECTRIC MOTORS
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Global Electric Motors Market Forecast 2019-2027 Electric Motors in $Million
REVENUE
Global Electric Motors Market is estimated to grow with approx. 6.08% CAGR during the year 2019 – 2027 Download Free Sample
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Key Findings The high initial cost of electric motor restraints the growth of the market. It increases the price of electric and plug-in cars, thereby affecting their purchase, and thus becoming a hindrance for the growth of the market. Geographically, the global electric motors market is assessed on the basis of the market across North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific market is expected to be the fastest-growing market during the forecast period
NORTH AMERICA ELECTRIC MOTOR MARKET FORECAST 2019-2027 The North America electric motor market is estimated to grow at a CAGR of 6.43% in terms of volume and 5.32% in terms of revenue during the forecast period of 2019-2027
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EUROPE ELECTRIC MOTOR MARKET FORECAST 2019-2027
The Europe electric motor market is expected to record a CAGR of 7.23% in terms of volume and 5.76% in terms of revenue during the forecast period of 2019-2027
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ASIA PACIFIC ELECTRIC MOTOR MARKET FORECAST 2019-2027 The Asia Pacific Electric Motor Market is estimated to record a CAGR of 7.79% in terms of volume and 6.99% in terms of revenue during the forecast period of 2019-2027
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Top Market Players The major players in the global market are Siemens, Emerson Electric Co., Nidec Corporation, Johnson Electric Holdings Ltd., Franklin Electric Co. Inc., Maxon Motors Ag, Rockwell Automation Inc., Regal Beloit Corporation, etc.
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