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Electric Motor Market – Global Opportunities & Forecast, 2020-2027

The significant drivers contributing to the growth of the electric motor market size include the accelerating number of commercial and residential sectors, significant shift toward energy-efficient motors, rising utilization of electric motors across various industry verticals, and the continuous growth in agriculture sector. <br>Visit: https://www.gmiresearch.com/report/electric-motor-market/

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Electric Motor Market – Global Opportunities & Forecast, 2020-2027

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  1. Report Title Electric Motor Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years. Key Drivers of the Electric Motor Market: The significant drivers contributing to the growth of the electric motor market size include the accelerating number of commercial and residential sectors, significant shift toward energy-efficient motors, rising utilization of electric motors across various industry verticals, and the continuous growth in agriculture sector. It has been observed that agriculture industry is rapidly transforming driven the changing climatic conditions, population growth, and mass urbanization. Moreover, currently the medium and large-scale processing of agriculture process is generally carried out through modern technology rather than manual process. Additionally, the growing deployment of electric motors in agriculture industry to improve the energy efficiency, increase performance, and to offer high reliability is another factor that will surge the market growth. Electric motors are being increasingly installed in machines and drives all the machines on workshop floors over the overheat shafting, wherein each machine starts, and stop by fast and loses pulley system. Thus, the improved properties of electric motors such as energy optimization, less cost of motor maintenance, enhanced speed, and ROI, is further increasing the adoption of electric motor in agriculture sector. According to the electric motor market analysis, the high maintenance cost of brushed DC motors is a major factor that will hamper the market growth. Top list of key players in the Electric Motor Market: •ABB Ltd •Siemens AG •General Electric Company •Nidec Corporation •Denso Corporation 2

  3. •Bosch Ltd. •Emerson Electric Co. •Allied Motion Technologies, Inc •Ametek, Inc •Hitachi, Ltd. Segmentation of the Electric Motor Market: The report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market. Breakup by Type: •AC Motors oInduction Motors oSynchronous Motors Mechanical Control Services •DC Motors oPermanent Magnet Motors oSeries Motors oShunt Motors oCompound Motors Breakup by Voltage: •< 1 kV (Low) •1 kV–6.6 kV (Medium) •> 6.6 kV (High) Breakup by Output Power: •< 1 hp (Fractional horsepower) •> 1 hp (Integral horsepower) Breakup by End-Users: •Industrial oMining & Metals oChemicals & Petrochemicals oOil & Gas oCement & Manufacturing 3

  4. oUtilities •Commercial •Residential •Agriculture •Transportation Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research: GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and 4

  5. markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 5

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