Electric motor is a machine that transforms or converts electric energy into mechanical energy. Industrial fans, machine tools, pumps & blowers, and household appliances are the major application areas of electric motor market. Electric motor is powered by AC current (power grid, inverters or generators) or direct current (batteries, motor vehicles or rectifiers). HVAC equipment is emerging as the major application area of electric motor in the European region. Depending on the requirement, the designer or the mechanic chooses the appropriate electric motor for HVAC equipment to reduce overall energy consumption.
Permanent split-capacitor electric motor is the most commonly used electric motor in the HVAC equipment market. This is driving the demand for electric vehicle in the region, providing ample growth opportunity for the companies in the market. In addition, healthy economic conditions paired with stringent government regulations for reducing carbon dioxide emission are the major drivers for the growth of electric motor in the European region. According to French Ministry of Foreign Affairs and International Development, Europe was the second largest electric vehicle market after the U.S. in the first half of 2013, 18,939 electric vehicles were registered, compared to 15,503 during that of 2012.
AC, DC and hermetic motors are the major electric motors available for end-user industry. Application segment of the electric motor constitutes of industrial machinery, motor vehicles, HVAC equipment, aerospace, household appliances and other commercial applications. For better understanding the market penetration of electric motor, the study is conducted in countries including Germany, Spain, France, Russia, U.K., Italy, rest of Europe. In 2014, total number of lightweight vehicle produced in Germany stood at 5.6 million. In addition, the European government introduced CO2 emission regulations, wherein the total CO2 emission from passengers' cars should decrease to 95g per Km travelled by 2020, compared to 130g per Km in 2013.
The report covers the analysis of key stake holders of the electric motor market.
Key companies profiled in the report include
- Baldor Electric Company
- Robert Bosch GmbH
- Denso Corporation
- Siemens AG
- General Electric Company
- Brook Crompton UK Ltd.
- Mitsubishi Electric Corporation
- ATB Austria Antriebstechnik AG
- Crompton Greaves Ltd.
- Hitachi, Ltd.
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