Monday, June 20, 2016
Electric Motors Market : Global Industry Research analysis, Market size, Demand and Forecast 2022
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As stated in a recently published information by Credence
Research “Electric Motors Market – Growth, Share, Opportunities,
Competitive Analysis, and Predict 2015 – 2022,” the global electric motors
market is expected surpass US$ 135 Bn by 2022, with rising demand for electric
motor driven systems (EMDS) such as electric appliances, heating, ventilating
and air conditioning (HVAC) equipment, motor vehicles and others. Moreover,
rising need to reduce electricity consumption and mandatory regulations to use
energy efficient EMDS which support higher energy efficiency standards IE2 and
IE3 are expected to influence the growth of the replacement market. The rising
adoption of premium and high energy efficient electric motors particularly
developed markets such as the U.S., Europe and Japan is expected to drive the
growth of the overall electric motors market. In addition, rising
industrialization and growing construction industry is expected to spur the
demand for electric motors in Asia Pacific, Middle East and South America.
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Here For Full Information with ToC:http://www.credenceresearch.com/report/electric-motors-market
In 2014,
AC motors accounted for the majority of revenue share of 80.0% in the overall
electric motors market and commonly used in most of the electric motor driven
systems. AC motors are used in range of residential as well as industrial
applications. DC motors are commonly found in the speed control applications.
The market for DC motors is expected to see a significant growth through the predict
period with rising production of motor vehicles.
Low
voltage electric motors which have output capacity below 0.746 KW accounted for
largest revenue share of 48.3% in 2014. Low voltage electric motors are also
known as fractional horsepower (FHP) electric motors and found its applications
in automotive, HVAC equipment, home appliances, office machinery and several
other low voltage applications. Medium and high voltage electric motors are
commonly used in industrial applications. Stringent energy consumption
regulations and government subsidiaries to replace low energy efficient
electric motors is motivating industrial users to replace their less efficient
electric motors with high efficiency or premium efficiency motors. This is
expected to spur the demand for medium and high voltage electric motors from
industrial sector.
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Automobile
is the largest application segment for electric motors and accounted for around
31.3% revenue share of the global electric motors market. Electric motors used
in HVAC applications are expected to see the fastest growth through the predict
period 2015 – 2022 with growing construction industry particularly in Asia
Pacific. In addition, stringent electricity consumption and environment
protection and rising electricity prices, are forcing households across the
world to replace their less efficient electric motor driven systems (EMDS) with
high energy efficient electric motor driven systems. Significant demand for
electric motors is also expected from industrial as well as commercial sectors.
The
electric motor manufacturing industry is highly fragmented and comprises large
number of recognized international players as well as small domestic players.
Some major players in this industry include Baldor Electric Company, ASMO Co
Ltd, Regal Beloit, Brook Crompton UK Ltd, AMTEK Inc, Franklin Electric Co., Inc.,
Danaher Motion LLC, Rockwell Automation Inc, Siemens AG and Allied Motion
Technologies Inc.
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Phone: 1-800-361-8290 FREE FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com/
Company Name: Credence Research
Contact Person: Chris Smith,
Phone: 1-800-361-8290 FREE FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com/
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