Electric Motors Market 2017-2022 | Size, Share, Industry Analysis and Outlook

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Global Electric Motor Market to Reach US 37
Billion by 2022
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REPORT DESCRIPTION
Global Electric Motor Market to Reach US 37
Billion by 2022 Electric motor refers to an
electrical machine that converts electrical
energy into mechanical energy. It works on the
principle of electromagnetism and currently
represents the biggest consumer of electricity in
modern society. Electric motor is considered of
great significance as it finds innumerable
applications across a wide range of industries.
It is used in pumps, industrial fans, lathe
machines, compressors, machine tools, disk
drives, domestic appliances, power tools, oil
gas, electric vehicles, cement manufacturing,
automated robots, railways, aerospace, mining
metals, chemicals petrochemicals, utilities as
well in heating, ventilation and air conditioning
applications. 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.
Moreover, owing to technological advancements,
highly efficient electric motors have been
introduced with longer operating life, low
maintenance and energy consumption. On account of
their distinct advantages, there has been a surge
in their demand globally. Some of the other
growth inducing factors include increasing
electricity penetration, growth in end-use
industries and rising urbanization and
industrialization, particularly in emerging
regions. 
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REPORT DESCRIPTION

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REPORT DESCRIPTION

• Key findings from the report
• The different types of electric motors available
  include low voltage electric motors, medium
  voltage electric motors and high voltage electric
  motors. In 2016, low voltage electric motors
  accounted for the largest share of the total
  global electric motor consumption. They were
  followed by medium voltage electric motors and
  high voltage electric motors. 
• The major end-use sectors of electric motors
  include industrial, commercial, residential,
  agriculture and transport. In 2016, the
  industrial sector dominated the market with a
  share of more than a half of the total global
  consumption. It was followed by commercial
  sector, residential sector, transport sector,
  agriculture sector and others.
• Region-wise, Asia-Pacific represented the largest
  market with a share of around 60 of the total
  consumption volumes in 2016. Other major markets
  are North America, Europe, Middle East and Africa
  and South America.
• Being highly fragmented in nature, the global
  electric motor market is surrounded by a number
  of small and big players. Some of the top players
  include ABB, Siemens, TECO-Westinghouse, Shandong
  Huali, NIDEC, Regal Beloit, Hyundai Heavy
  Industries, Leroy Somer, WEG Inc. and others.
• To request a sample copy of this report, click on
  the link
• below http//www.expertmarketresearch.com/request
  ?typereportid17flagB

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REPORT DESCRIPTION

• Expert Market Research has analysed the global
  electric motor market according to type, end-use,
  major regions and top players
• Market breakup by Type
• Low Voltage Electric Motors
• Medium Voltage Electric Motors
• High Voltage Electric Motors
• Market breakup by End-use
• Industrial
• Commercial
• Residential
• Agriculture
• Transport
• Others
• Find more reports on Technology and Media
  industry http//www.expertmarketresearch.com/cate
  gories/technology-market-reports

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REPORT DESCRIPTION

• Market breakup by Region
• Asia-Pacific
• North America
• Europe
• Middle East and Africa
• South America
• Top Players
• ABB
• Siemens
• TECO-Westinghouse
• Shandong Huali
• NIDEC
• Regal Beloit
• Hyundai Heavy Industries
• Leroy Somer
• WEG Inc.

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