New York City, 16 January 2019: The Report Electric Motors Market [By Type (AC Motor, DC Motor, Hermetic Motor); By Voltage (Upto 1
kV, 1 kV - 6.6 kV, Above 6.6 kV); By Output Power (Upto 1 hp, Above 1 hp); By
End-User (Automotive, Agriculture, Residential, Commercial, Industrial,
Others); By Region]: Market Size & Forecast, 2018 – 2026
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
The growing adoption of electric vehicles is expected to
support market growth of electric motors. The increasing requirement to
reduce vehicle emissions and global carbon footprint drives the demand for
electric vehicles. Use of electric vehicles offer benefits such as low
maintenance costs, reduced harmful vehicle emissions, while providing comparable
power. Electric vehicles are increasingly being used to restrict the emission
of carbon, nitrogen, and other harmful compounds from gasoline and diesel
vehicles. This is one of the largest ancillary industry which is pushing the
demand for electric motors globally.
Global Electric Motors market is
anticipated to reach over USD 157.4 billion by 2026 according to a new study
published by Polaris Market Research. In 2017, the AC motor segment dominated
the global market, in terms of revenue Asia-Pacific is expected to be the
leading contributor to the global market revenue of electric motors during the
forecast period.
Browse Research Report On Electric Motors
Market Analysis:
Asia-Pacific Electric Motors Market By Type, 2017 - 2026
The diverse applications of electric motors in majority of industries such as
healthcare, construction, packaging, automotive, and consumer goods among
others are expected to support the growth of this market. Other driving factors
include rising demand for electric motor in household appliances, growing use
in HVAC applications, and government support for development of high efficiency
electric motors are propelling the market growth. However, high maintenance
costs, and stringent regulations hampering the market growth. Growing demand
from emerging economies, and technological advancements are factors expected to
provide numerous growth opportunities in the coming years.
Asia-Pacific generated the highest
revenue in the market in 2017, and is expected to lead the global market
throughout the forecast period. The presence of emerging industries such as
healthcare, agriculture, construction, and automotive, substantial initiatives
in research and development, and favorable government policies drive the market
growth. Rapid industrialization and growth of manufacturing industry further
support market growth in the region.
The different types of electric motors
include AC motors, DC motors, and hermetic motors. In 2017, the AC motor
segment accounted for the highest market share owing to the increasing demand
for AC motors from industries such as agriculture, paper & pulp, and
chemicals. They are majorly used in industrial applications and machine tools.
Some key features offered by AC motors include controlled acceleration, low
power demand on start, adjustable operational speed, adjustable torque limit,
and reduced power line disturbances among others.
Access Press Release of Global Electric Motors Market Research Report By Polaris Market Research
Leading Top Companies: Emerson Electric Co., Rockwell
Automation, Inc., Ametek, Inc., Siemens AG, Denso Corporation, Bosch Group, Baldor
Electric Co., ABB Ltd., Hitachi, Ltd., General Electric Company, Allied Motion
Technologies, Inc., and Regal Beloit Corporation among others. These companies
launch new products and collaborate with other market leaders to innovate and
launch new products to meet the increasing needs and requirements of consumers.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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