The global Electric motors market will be
driven by the increasing applications and the huge installations of electric
motors in marine, oil and gas, energy and power and other industries. These
industries are dependent on use of machines which require constant power
supply. The industrial machines supply power and in turn, drive the electric
motors market. The policy makers are focusing on public transit infrastructure,
with very less pollution for tackling of the air pollutant emissions, mostly in
the densely populated cities and megacities. The other factors which are
driving the automotive connectors market is the increasing level of
urbanization in all the developing economies, the increasing urbanization and
the increasing automation in various industry sectors.
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Industry
Analysis
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.
The increase in awareness about the effect of greenhouse gases is also leading
to a shift from conventional motors to the electric motors, which is expected
to drive the global electric motors market during the forecast period. However,
the growth of this market is expected to be restrained by the high cost of
electric motors and the lack of awareness for use of electric motors.
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Key
Players
The key players of Global 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.
Regional
Outlook
This study provides an overview of the
Global Electric motors market, tracking three market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report
also provides a forecast, focusing on the market opportunities for the next five
years for each region. The scope of the study segments the Global Electric
motors market by its type, output power, application and region.
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