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

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

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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. – PowerPoint PPT presentation

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


1
Global Electric Motor Market to Reach US 37
Billion by 2022
Copyright 2017 Expert Market Research. All
Rights Reserved
2
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. 
3
REPORT DESCRIPTION

4
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

5
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

6
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.

7
ABOUT US
  • Expert Market Research (EMR) is a market research
    and consultancy firm providing syndicated and
    custom research along with consultancy services
    to a wide clientele base which includes Fortune
    1000 companies as well as small and medium
    enterprises. With our tailored approach, the
    clients gain valuable and unbiased insights that
    help to improve their competitive edge and
    realize sustainable growth.
  • With a keen focus on the qualitative aspect as
    well as accuracy of the reports, we align our
    resources and services as per the clients
    requirement and offer a flexible engagement model
    that best suits their needs. We offer market
    intelligence across a range of industry verticals
    which include Pharmaceuticals, Food and Beverage,
    Technology, Retail, Chemical Materials, Energy
    Mining, Packaging and Agriculture.
  • We specialize in the following areas
  • Syndicated Research
  • Custom Research
  • Consulting Services

8
Thank You! For More Details
http//www.expertmarketresearch.com/contact-us
Stay With US
Telephone- USA Canada 1-415-325-5166 United
Kingdom 44-702-402-5790
Website www.expertmarketresearch.com E-mail
sales_at_expertmarketresearch.com
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