The global electric motor market size is projected to reach USD 167.03 billion by 2026, thereby exhibiting a CAGR of 5.7% during the forecast period. Fortune Business Insights™ published this information in an upcoming report, titled, “Electric Motor Market Size, Share & Industry Analysis, By Motor Type (AC Motors, DC Motors, Hermetic Motors), By Power Output (Fractional Horsepower (Up to 1HP), Integral Horsepower (Above 1HP)), By Voltage (Up to 1 kV, 1 kV-6.6 kV, Above 6.6 kV), By Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Electrical Appliances, Others), By End-User (Industrial, Commercial, Residential, Agriculture, Transportation) and Regional Forecast, 2019-2026.”
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other electric motor market trends. The report is available for sale on the company website.
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Regional Analysis for Electric Motor Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The report further states that the market was valued at USD 107.76 billion in 2018. However, it is expected to gain momentum from the rising demand for HVAC applications, as well as increasing investments.
Fortune Business Insights™ profiles some of the most reputed companies operating in the electric motor market. They are as follows:
- Mitsubishi Heavy Industries
- Johnson Electric
- Regal Beloit Corporation
- Rockwell Automation
- Toshiba Corporation
- Arc Systems, Inc.
- TECO-Westinghouse Motor Company
- Nidec Motor Corporation
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Highlights of the Report
- Extensive analysis of the current and emerging electric motor market trends and dynamics.
- Key companies are profiled and their strategies are thoroughly analyzed to help our clients in understanding the competitive outlook of the market.
- In-depth estimations to expound the prominent investment pockets.
- Elaborate information about all the possible segments present in the market.
“Rising Government Programs to Achieve Emission-free Vehicles Will Boost Growth”
The demand for electric vehicles has abruptly increased since the past few years because of the rising government awareness programs to attain emission-free vehicles. Therefore, several industry giants are investing huge sums in expanding the automobile sector and developing their industries. It would rapidly increase the demand for electric vehicles, which, in turn, would further augment the electric motor market growth during the forecast period. Additionally, the companies are investing persistently in the automotive industry that would propel growth.
Major Table of Contents for Electric Motor Market:
- Executive Summary
- Market Dynamics
- Key Electric Motor Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Electric Motor Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
For Any Queries and Further Information, Speak to Our Analyst – https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/electric-motor-market-100752
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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