Electric Motors Market 2017-2022 |Size, Share, Growth, Report and Forecast
The global electric motor market has witnessed a healthy growth in recent years. According to a new report by Expert Market Research, the market reached a value of US$ 28 Billion in 2016 and is further expected to reach US$ 37 Billion by 2022. Keeping in mind the rising environmental concerns, governments across various nations have undertaken initiatives encouraging the use of electric vehicles. This has increased the demand for electric vehicles amongst consumers, which has ultimately added to the overall growth of the electric motor market. Click here for detailed analysis: http://www.expertmarketresearch.com/reports/electric-motors-market
The global electric motor market has witnessed a healthy growth in recent years. According to a new report by Expert Market Research, the market reached a value of US$ 28 Billion in 2016 and is further expected to reach US$ 37 Billion by 2022. Keeping in mind the rising environmental concerns, governments across various nations have undertaken initiatives encouraging the use of electric vehicles. This has increased the demand for electric vehicles amongst consumers, which has ultimately added to the overall growth of the electric motor market. Click here for detailed analysis: http://www.expertmarketresearch.com/reports/electric-motors-market
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Global <strong>Electric</strong> Motor <strong>Market</strong> to Reach US$ 37 Billion<br />
by <strong>2022</strong><br />
Copyright © <strong>2017</strong> Expert <strong>Market</strong> Research. All Rights
REPORT DESCRIPTION<br />
Global <strong>Electric</strong> Motor <strong>Market</strong> to Reach US$ 37 Billion by <strong>2022</strong><br />
<strong>Electric</strong> motor refers to an electrical machine that converts electrical energy into mechanical energy. It<br />
works on the principle of electromagnetism <strong>and</strong> currently represents the biggest consumer of<br />
electricity in modern society. <strong>Electric</strong> motor is considered of great significance as it finds innumerable<br />
applications across a wide range of industries. It is used in pumps, industrial fans, lathe machines,<br />
compressors, machine tools, disk drives, domestic appliances, power tools, oil & gas, electric vehicles,<br />
cement & manufacturing, automated robots, railways, aerospace, mining & metals, chemicals &<br />
petrochemicals, utilities as well in heating, ventilation <strong>and</strong> air conditioning applications.<br />
The global electric motor market has witnessed a healthy growth in recent years. According to a new<br />
report by Expert <strong>Market</strong> Research, the market reached a value of US$ 28 Billion in 2016 <strong>and</strong> is further<br />
expected to reach US$ 37 Billion by <strong>2022</strong>. Keeping in mind the rising environmental concerns,<br />
governments across various nations have undertaken initiatives encouraging the use of electric<br />
vehicles. This has increased the dem<strong>and</strong> for electric vehicles amongst consumers, which has ultimately<br />
added to the overall growth of the electric motor market. Moreover, owing to technological<br />
advancements, highly efficient electric motors have been introduced with longer operating life, low<br />
maintenance <strong>and</strong> energy consumption. On account of their distinct advantages, there has been a<br />
surge in their dem<strong>and</strong> globally. Some of the other growth inducing factors include increasing<br />
electricity penetration, growth in end-use industries <strong>and</strong> rising urbanization <strong>and</strong> industrialization,<br />
particularly in emerging regions.
REPORT DESCRIPTION
REPORT DESCRIPTION<br />
Key findings from the report:<br />
• The different types of electric motors available include low voltage electric motors, medium<br />
voltage electric motors <strong>and</strong> high voltage electric motors. In 2016, low voltage electric motors<br />
accounted for the largest share of the total global electric motor consumption. They were followed<br />
by medium voltage electric motors <strong>and</strong> high voltage electric motors.<br />
• The major end-use sectors of electric motors include industrial, commercial, residential,<br />
agriculture <strong>and</strong> transport. In 2016, the industrial sector dominated the market with a share of<br />
more than a half of the total global consumption. It was followed by commercial sector, residential<br />
sector, transport sector, agriculture sector <strong>and</strong> others.<br />
• Region-wise, Asia-Pacific represented the largest market with a share of around 60% of the total<br />
consumption volumes in 2016. Other major markets are North America, Europe, Middle East <strong>and</strong><br />
Africa <strong>and</strong> South America.<br />
• Being highly fragmented in nature, the global electric motor market is surrounded by a number of<br />
small <strong>and</strong> big players. Some of the top players include ABB, Siemens, TECO-Westinghouse,<br />
Sh<strong>and</strong>ong Huali, NIDEC, Regal Beloit, Hyundai Heavy Industries, Leroy Somer, WEG Inc. <strong>and</strong> others.<br />
To request a sample copy of this report, click on the link<br />
below: http://www.expertmarketresearch.com/request?type=report&id=17&flag=B
REPORT DESCRIPTION<br />
Expert <strong>Market</strong> Research has analysed the global electric motor market according to type, end-use,<br />
major regions <strong>and</strong> top players:<br />
<strong>Market</strong> breakup by Type<br />
• Low Voltage <strong>Electric</strong> <strong>Motors</strong><br />
• Medium Voltage <strong>Electric</strong> <strong>Motors</strong><br />
• High Voltage <strong>Electric</strong> <strong>Motors</strong><br />
<strong>Market</strong> breakup by End-use<br />
• Industrial<br />
• Commercial<br />
• Residential<br />
• Agriculture<br />
• Transport<br />
• Others<br />
Find more reports on Technology <strong>and</strong> Media industry:<br />
http://www.expertmarketresearch.com/categories/technology-market-reports
<strong>Market</strong> breakup by Region<br />
• Asia-Pacific<br />
• North America<br />
• Europe<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
REPORT DESCRIPTION<br />
Top Players<br />
• ABB<br />
• Siemens<br />
• TECO-Westinghouse<br />
• Sh<strong>and</strong>ong Huali<br />
• NIDEC<br />
• Regal Beloit<br />
• Hyundai Heavy Industries<br />
• Leroy Somer<br />
• WEG Inc.<br />
• Others<br />
Click here for summary of the report: http://www.expertmarketresearch.com/reports/electricmotors-market
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