DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electric Motor Sales Market - Global Forecast to 2021" report to their offering.
The electric motor sales market is projected to grow at a CAGR of 6.26% from 2016 to 2021 to reach USD 127.63 Billion by 2021. Increasing demand for power utilities and automobile production along with the rise in commercial and residential infrastructure growth, especially in the developing economies, are the major factors for driving the market.
Electric motors are widely used in all the sectors and the global production of electric motors are drastically increased in recent years due to increase in the utilization of motors for maximum output from the major sectors such as industrial, agriculture, residential, commercial, and transportation. The electric motor sales market is classified by type into AC and DC motors. AC motors are the fastest growing segment in the electric motor sales market. With increasing applications in end-user industries such as, transportation, chemicals, and many others, the AC motors segment is expected to dominate the market till 2021.
Heavy electric motors are majorly used in electric vehicles, elevator & hoists, steel rolling mills, machine tools, and all other heavy industrial activities; however, these are not easily portable. This has proved to be a restraining factor for heavy motors. But this factor can be overcome by improving the standards of transportation of heavy motors which in turn can improve the revenue sales of these electric motors.
- ABB Limited
- ARC Systems Inc
- Allied Motion Technologies Inc.
- Ametek Inc.
- Baldor Electric Company.
- Bosch Group
- Denso Corporation.
- Emerson Electric Co.
- General Electric Company
- Johnson Electric Holdings Limited.
- Nidec Corporation
- Regal Beloit Corporation.
- Rockwell Automation
- Siemens AG.
- Toshiba International Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electric Motor Sales Market, By Type
7 Electric Motor Sales Market, By Voltage
8 Electric Motor Sales Market, By Output Power
9 Electric Motor Sales Market, By End-User
10 Global Electric Motor Sales Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/8ng866/electric_motor