Global Electric Motor Market

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Global Electric Motor Market

• Publish by-
• Accurize Market Research

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Global Electric Motor Market is Estimated to
Reach 173 Billion by 2024, Says Accurize Market
Research

• Global Electric Motor Market report published by
  Accurize Market Research forecast that the global
  market is expected to reach 173 billion by 2024
  growing at a CAGR of 5.6 from 2017 to 2025. By
  geography, Asia Pacific and North America are
  expected to grow at a CAGR of XX and XX,
  respectively, during the forecast period.
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  ctric-motor-market/sample-request

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Rising automobile production to drive the global
electric motor market

• Rising automobile productions coupled with
  increased adoption of electric vehicles, the
  global electric motor market is expected to boost
  in the future years. Moreover, increasing
  application of induction motors and electric
  motors are replacing gas turbines in big
  industrial plants. This is also expected to
  support the growth of the market.
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Market Segmentation

• The global electric motor market is split into
  output power, type, application and geography.
  Output power segment is divided into FHP and IHP.
  Type segment is bifurcated into AC motor, DC
  motor and hermetic motor. Application segment
  includes motor vehicle, machinery, HVAC
  equipment, household appliances, aerospace and
  commercial.
• North America, Europe, Asia-Pacific and Rest of
  the World (RoW) are the geographical segments of
  the market. North America is further bifurcated
  into countries namely U.S., Canada and Mexico.
  Europe covers countries like Russia, U.K.,
  Germany, France, Italy and Rest of Europe.
  Asia-Pacific countries include China, India,
  Japan, South Korea and Rest of Asia Pacific. Rest
  of the World (RoW) covers South America, Africa
  and Middle East.

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• "AC motor for the largest market share in the
  type segment", says Accurize
• AC motor held majority of the share in the
  market followed by DC motors in the year 2017.
  However, in the same year, motor vehicles and
  HVAC equipment accounted for maximum share of the
  application market in 2017.
• "Asia-Pacific dominated the global market with
  the highest market share over the forecast
  period", says Accurize
• Asia Pacific is the fastest growing region in
  the global electric motor market, owning to rapid
  growth in urbanization, and increasing
  construction of mega cities metro railways.
  Asia Pacific accounted the largest share of the
  market followed by Europe in the year 2017.

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Top players in the market

• Major players operating in the market include
• Schneider Electric SE
• Baldor Electric Company
• Siemens AG
• Kirloskar Electric Company
• Denso Corporation
• Bosch Group
• Toshiba International Corporation
• Rockwell Automation
• General Electric Company and
• ABB Ltd.

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• Contact No 1-339-368-6383