The
global electric motors market is expected to reach a value of $120.68
billion by 2019, at a CAGR of 6.3% from 2013 to 2019, according to a
market research report "Electric Motors Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019".
The report is published by U.S.-based market intelligence firm
Transparency Market Research.
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the full Electric Motors Market (AC motors, DC motors, Hermetic
motors) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019 report at
http://www.transparencymarketresearch.com/electric-motors-market.html
Worldwide,
countries understand the importance of saving electricity, and thus
invest heavily in the electric motors market. The global demand for
energy efficient electric motors is increasing to high and premium
efficiency motors. Various countries implement strict policies and
regulations to deploy highly deserving electric motors for different
applications. Also, along with the shift in trend, an increase in
revenue towards investing in this market has highly motivated
participants and other key manufacturers globally.
This
research report studies the highlights, dynamics, and current trends
encouraging and affecting the growth of this market. It also provides
in-depth detailed information about the current trends and other
efficient standards impacting the development of the electric motors
market.
The
market for electric motors is rising globally mainly due to the
introduction of rising electricity prices and exacting electricity
consumption standards. Additional factors driving the growth of the
market are home appliances, rising production of vehicles, and other
electric motor driven systems. Moreover, factors improving the
efficiency of electric motors are standards implemented in designing
and manufacturing energy electric motors. Nevertheless, high initial
purchase cost and lack of awareness regarding the benefits of energy
efficient electric motors are the prominent restraining factors cited
in this market.
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The
electric motors market is segmented into AC motors, DC motors, and
hermetic motors. Of the three, the AC motor segment is considered to
be the largest product segment accounting for more than 80% of the
total market shares in 2012. In succession to this segment, hermetic
motor is the next rapidly growing market with approaching revenues
through the estimated forecast period. The key element stirring the
growth of this market is the rising demand for HVAC equipment.
However, a rapid growth is also seen from the Integral horsepower
(IHP) segment as industrial users are increasingly replacing
conventional electric motors with energy efficient motors. Fractional
horsepower motors are another class of electric motors that are
utilized in applications consuming low voltage power (less than 1hp).
In 2012, this motor segment accounted for nearly 70% shares in the
overall market. The use of FHP motors is most commonly applicable in
heating, low voltage automotive applications, office machinery,
ventilating and cooling, and other industrial applications.
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all Press Releases:
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Furthermore,
considering the electric motors market in terms of applications, the
industry mainly includes HVAC equipment, aerospace, motor vehicles,
industrial machinery, other transportation equipment, as well as
commercial and home appliances and other service industries.
Countries such as the U.S. and Europe are encouraging the use of IHP
motors in industrial sectors and also influencing an early
replacement of less efficient electric motors in the market.
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all Article :
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According
to the geographical analysis discussed in this report, Asia-Pacific
is the fastest and the largest regional market in the global electric
motors market. It accounted for about 66% of market shares in 2012,
owing to rise in production of electric motor systems such as HVAC
equipment, motor vehicles, and other household appliances. The major
countries in Asia-Pacific including India, China, Indonesia,
Singapore, and South Korea are primary contributors to the growing
global electric motor market.
Nonetheless,
Europe and North America are predicted to witness slow growth in the
near future. This is because electronic appliances and motor vehicles
manufacturers are shifting their manufacturing industries to emerging
countries in Asia, especially in China and India.
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all Semiconductor & Electronics Market Research Reports @
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