DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017 - 2022" report to their offering.
The global electric motor market reached a value of around US$ 26.8 Billion in 2016, growing at a CAGR of around 7.4% during 2009-2016.
Several factors are currently driving the global electric motor market which include - increasing industrialization levels in emerging markets, growing urbanization, penetration of electricity, rising automobile sales, rising automation in various industrial sectors and technological advancements.
The industrial sector represents the largest consumer of electric motors, accounting for around 60% of the total global consumption in 2016. The industrial sector was followed by the commercial sector, residential sector and agriculture sector. Region-wise, the report has found that the Asia-Pacific region represents the largest market of electric motors accounting for more than 60% of the total global consumption in 2016.
Asia-Pacific was followed by North America, Western Europe, Eastern Europe and Central & South America. The global electric motor market is highly competitive with both global and local players.
Some of the key global players analysed in the report include - ABB, Siemens, WEG, TECO E&M, Regal Beloit, Leroy Somer, Shandong Huali, Hyundai Heavy Industries, Hyosung Corporation and NIDEC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
5 Global Electric Motor Industry
6 Global Low Voltage Electric Motor Industry
7 Electric Motor (Low Voltage) Market: Performance of Key Regions
8 Electric Motor (Low Voltage) Market: Market by Efficiency
9 Electric Motor (Low Voltage) Market: Market by End-Use Industry
10 Electric Motor (Low Voltage) Market: Market by Application
11 Competitive Landscape
12 Electric Motor Manufacturing Process
13 Project Details, Requirements and Costs Involved
14 Loans and Financial Assistance
15 Project Economics
16 Key Player Profiles
For more information about this report visit http://www.researchandmarkets.com/research/z6t8mk/electric_motor