Electric motor, any class of device that converts electrical energy to mechanical energy, commonly by employing electromagnetic phenomena. Most electric motors operate through the interaction between winding currents and the motor's magnetic field to generate force in the form of rotation. Electric motors can be powered by direct current sources, such as from motor vehicles or rectifiers, batteries, or by alternating current sources, such as inverters or electrical generators, power grid. Electric motors are found in industrial fans, machine tools, blowers and pumps, household appliances, power tools, and disk drives. Small motors may also be found in electric watches.
This growth is primarily driven by Rising Adoption of Motor-Driven Electric Vehicles, Favorable Government Policies, Rapid Advancements in Technology, Increasing Automation and Rapid Industrialization.
Globally, a noticeable market trend is evident Energy Efficient Electric Motor
. Major Manufacturers, such as ABB Ltd. (Switzerland), AMETEK, Inc. (United States), Aquion Energy, Inc. (United States), Emerson Electric Co. (United States), Johnson Electric Holdings Limited (China), Siemens AG (Germany), Rockwell Automation (United States), TECO-Westinghouse Motor Company (United States), Toshiba Corp (Japan) and General Electric Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 24 April 2018, Toshiba International Corporation (TIC) has announced the addition of Dreisilker Electric Motors, Inc. (DEM) to their nationwide network of distributors. Dreisilker Electric Motors, Inc. now offers a comprehensive range of Toshiba electric motors through their multi-branch offices.
- Rising Adoption of Motor-Driven Electric Vehicles
- Favorable Government Policies
- Rapid Advancements in Technology
- Increasing Automation
- Rapid Industrialization
- Energy Efficient Electric Motor
- Increased Production of High Power-to-Weight Ratio Motors
- High Maintenance Cost for Brushed DC Motors
Demand for Energy Efficient Electric Motors and Emerging Demand from Economies
Conventional Motor Design and Motor Failure Due to Overheating
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Motor Study Sheds Light on
The Electric Motor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electric Motor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Motor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Electric Motor Market?
The Electric Motor market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Electric Motor Market?
Top performing companies in the Global Electric Motor market are ABB Ltd. (Switzerland), AMETEK, Inc. (United States), Aquion Energy, Inc. (United States), Emerson Electric Co. (United States), Johnson Electric Holdings Limited (China), Siemens AG (Germany), Rockwell Automation (United States), TECO-Westinghouse Motor Company (United States), Toshiba Corp (Japan) and General Electric Company (United States), to name a few.
3. Which region dominated the worldwide market for Electric Motor in 2020?
is dominating the Electric Motor Market.