Electric Motor Market to Witness the Highest Growth Globally


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Global Electric motor market stood at $108.5 billion in 2017, and is anticipated to reach $155.1 billion by 2023. Electric motors are widely used in various applications such as industrial machines, household appliances, HVAC applications, and motor vehicles.


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Electric Motor Market

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2 Global Electric Motor Market © PS Intelligence. All rights reserved Global Electric motor market stood at 108.5 billion in 2017 and is anticipated to reach 155.1 billion by 2023. Electric motors are widely used in various applications such as industrial machines household appliances HVAC applications and motor vehicles. Rising industrial activities as well as growing demand for electric vehicles across the globe are among the major factors pushing the growth of electric motors during the forecast period. Request Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/electric- motor-market/report-sample The growth of this category is further expected to be driven by surge in demand for more efficient more controllable durable and low noise electric motors in industrial applications such as actuators feed drives for computer numerical control CNC machines industrial robots extruder drives and others. In terms of DC motor the market is bifurcated into brushless and brushed DC motors. Owing to its advantages such as better speed control higher efficiency no sparking longer lifetime higher torque to weight ratio more reliability and less noise brushless DC motor category contributed higher revenue share in 2017. Based on motor type the electric motor market is categorized into AC motor DC motor and hermetic motor. AC motor accounted for the largest market share in terms of revenue in 2017 and is further expected to lead the market during the forecast period. Globally APAC was the largest market for electric motors contributing over 55 revenue share to the electric motor market in 2017. This can be attributed to growing demand for electric vehicles predominately in China due to government initiatives and environmental regulations in the country. Read Summary of Report Here: https://www.psmarketresearch.com/market-analysis/electric- motor-market/

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3 Global Electric Motor Market © PS Intelligence. All rights reserved The key players in the electric motor market are Emerson Electric Co. Nidec Corporation Toshiba Corporation Wolong Holding Group Co. Ltd. Johnson Electric Holdings Limited AMETEK Inc. Franklin Electric Co. Inc. Mitsubishi Electric Corporation Regal Beloit Corporation DENSO Corporation Robert Bosch GmbH Siemens AG and ABB Ltd. Global Electric Motor Market Segmentation Market Segmentation by Motor Type • AC Motor o Synchronous o Induction • DC Motor o Brushless o Brushed • Hermetic Motor Market Segmentation by Output Power • Fractional Horsepower • Integral Horsepower Market Segmentation by Application • Motor Vehicles • Industrial Machinery • HVAC Equipment • Transportation • Household

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4 Global Electric Motor Market © PS Intelligence. All rights reserved Kindly write to: enquirypsmarketresearch.com B-13 Sector – 2 Noida U.P. – 201301 INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 Disclaimer: PS Intelligence always keeps customers interest at the core while carrying out research activities. PS Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. PS Intelligence does not endorse any product service or vendor depicted in its research publications. All intellectual property including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service report or part thereof provided by PS Intelligence can be reproduced republished resold revealed distributed circulated or sublicensed in any medium or form now realized or hereafter become realized including and not limited to all forms of optical-based media magnetic electronic or digital without a written permission from PS Intelligence.

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