slide 1: Electric Motor Market Size Share Trends
Growth and Demand Forecast to 2022
Electric motor market is forecasted to reach 135.2 billion by 2022. Asia-
Pacific represented almost 50 of the electric motor market in 2015. The
electric motor market in the Rest of the World region is expected to witness
the fastest development both in volume and value terms amid the forecast
time frame.
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Merchants are making electric motors with high power to weight ratio as
significant electric motors have portability and high vitality utilization issues.
In April 2015 Siemens specialists developed another kind of electric motor
with a weight of 50 kilograms. The organization claimed that the motor
conveys a relentless output of around 260 kilowatts – five times more than
practically identical drive systems. The motor was particularly planned for
use in aircrafts.
Electric vehicles are one of the key answers for the present issues like air
contamination and unstable crude oil prices. In spite of high beginning cost
electric vehicles offer low working cost which builds their adoption across
the globe. The transit offices in developing nations are concentrating more
on long haul condition and money saving advantages. Developed nations
particularly in Europe are adopting alternate method of transportation with
insignificant air contamination. Electric vehicles are additionally picking up
footing in developing economies. China is among the earliest adopters of
electric vehicles in the world.
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Expanding urbanization has fundamentally changed the way of life of
individuals and the surrounding environment. As indicated by the World
Health Organization WHO over half of the world’s populace live in urban
zones. It is normal that by 2050 around 70 of the world’s populace will
live in towns and cities. The construction industry is developing at an
unfaltering pace throughout the previous couple of years. The increase in
populace and growing disposable income of people has prompted the
construction of different private and business structures malls workplaces
industrial facilities and plants. Attributable to its wide range of uses electric
slide 2: motors are utilized as a part of these structures for operations of various
frameworks or machines.
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urlelectric-motor-market
Due to low product differentiation in the electric motor industry as the
significant products in electric motor market ought to have certain qualities
the intensity of rivalry is high. High exit barriers in this market are relied
upon to elevate the rivalry among key players.