Electric Motors Market Research Report- Forecast to 2022
Electric Motors Market By Type, By Output Power, By
Application | Industry Analysis Forecast to 2022
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Copyright Š 2018 Market Research Future.
Electric Motors Market Research Report- Forecast to 2022
1 Summary The easy availability of the alternating current power is also leading to the increased use of AC electric motors, thereby driving the growth of the market. The AC electric motor can be manufactured in various sizes ranging from a few watts to thousands of kilowatts, which makes its useful in all types of applications thereby leading to the growth of the market.
Key Players: The key players of Electric motors market are BB Group Ltd. (U.K.), Siemens AG (Germany), AMETEK Inc. (U.S.), ARC Systems Inc. (U.S.), Brook Crompton Americas (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), General Electric Company (U.S.), Franklin Electric Co., Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Nidec Corporation (Japan), Maxon Motor AG (Switzerland) and others.
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Copyright Š 2018 Market Research Future.
Electric Motors Market Research Report- Forecast to 2022
2 Market Overview One of the key drivers for the growth of Electric motors market is the increasing adoption of electric motors in the industrial machinery along with household appliances. The increase in need of more efficient electric motors for achieving efficiency in usage of energy along with cost effectiveness is driving the growth of the market. The electric motors are used in agricultural equipment. The growth of the agricultural sector and the increase in use of motor operated equipment in the agricultural sector is further expected to drive the demand of the electric motors market.
he increase in the use of electric motors by the rapidly growing agricultural sector is also expected to contribute to the growth of the market. The increase in use of electric motors by various industrial machineries and household appliances is also expected to drive the growth of the market. The increasing use of the electric motors by various end-use industries and the booming automobile sector which is a major end-user of electric motors is expected to drive the market of the electric motors during the forecast period.
Market Segmentatio
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Copyright Š 2018 Market Research Future.
Electric Motors Market Research Report- Forecast to 2022
3 Market Research Analysis Asia-Pacific region is expected to dominate the Electric motors market, and is projected to grow at the highest CAGR. The growth of the Electric motors market in Asia-Pacific region is attributed to the rapid growth in the agricultural sector. The rapid industrialization and the intense setting up of manufacturing industries which require the use of electric motors of various capacity is expected to drive the market of the electric motors in the region.
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Copyright Š 2018 Market Research Future.
Electric Motors Market Research Report- Forecast to 2022
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Copyright Š 2018 Market Research Future.