DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electric motor Market - Opportunity and Forecast, 2014-2022)" report to their offering.
The electric motor market is expected to grow at a considerable rate in the years to come. Owing to rapid technological advancements in the last few years, the current electric market gains traction. Electric motors are incorporated in industrial fans; compressors; pumps; lathe machines; machine tools; domestic appliances; heating, ventilating, and air conditioning applications; disk drives; power tools; electric cars; and automated robots.
Despite their high cost, these highly efficient motors are preferred over standard motors due to different benefits, such as longer operating life, low energy consumption, low maintenance, and high tolerance to voltage fluctuations. The need for improved productivity and low power consumption by the applications of motors is expected to increase the demand for high-efficiency motors.
Rise in awareness of green vehicles and increase in government initiatives to reduce carbon emissions contribute to the growth of the electric motor market. Thus, market players launch various electric cars to cater to the increase in customer demands. For example, Tesla launched Model S, Model 3, and others in North America, and is expected to introduce its next electric car in the European market. Siemens AG launched eco-friendly and energy-efficient electric motor such as products under SIMOTICS portfolio.
- ABB Group
- ARC Systems, Inc.
- Asmo Co., Ltd.
- Brook Crompton UK Ltd
- Dr. Fritz Faulhaber GmbH
- Emerson Electric
- Maxon Motors AG
- Regal Beloit Corporation
Rockwell Automation, Inc.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Electric Motor Market By Motor Types
Chapter 5 Global Electric Motor Market By Output Power
Chapter 6 Global Electric Motor Market By Applications
Chapter 7 Global Electric Motors Market By Geography
Chapter 8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/cpwzxm/electric_motor