Shibuya-ku, Tokyo, Japan, Japan, Jan 07, 2022, 02:39 /Comserve / -- Electric motor sales market is expected to reach a value of USD 125.02 billion by 2020, at a CAGR of 6.38% during the forecast period. Increasing power demand, industrial, commercial & residential infrastructure
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Electric motor sales market is expected to reach a value of USD 125.02 billion by 2020, at a CAGR of 6.38% during the forecast period. Increasing power demand, industrial, commercial & residential infrastructure, HVAC application, and fuel efficient transportation are set to drive the market growth for electric motor sales across the world. South America is investing heavily in the mining and waste water treatment industries which will boost the market for electric motor sales in the region. Also, increasing oil & gas production activities in Middle East & Africa are creating high opportunities for the electric motors sales market in MEA region.
AC electric motors dominate the global market:
AC motors is the fastest growing segment in the global market. This high growth is attributed to the increasing usage of these motors in applications like HVAC equipment, industrial machinery, pumps and fans among others where power performance is required for extended periods of time. AC motor is further segmented by its sub-types which include induction and synchronous motors. Induction motor held the largest market share in terms of value in 2014.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Electric Motor Sales Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)
Asia-Pacific: The fastest growing region for electric motor:
Due to increasing investments in major industries such as oil & gas, power utilities, metal & mining, , the usage of electric motors in the APAC region is increasing rapidly. The growth in agriculture sector is continuously increasing in China, India, Australia and South Korea which will further boost the demand for electric motors in the region. Apart from Asia-pacific, Europe & North America are also the biggest markets for electric motors. Aging infrastructure of water and wastewater treatment facilities in North America is expected to influence the electric motor sales market growth in the coming years.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-61266
The Final Report will cover the impact analysis of COVID-19 on this industry: Electric Motor Sales Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)
Breakdown of Primaries:
Expert interviews have been conducted with various primary respondents that include key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects.
By Company Type: Tier1- 60%, Tier2-27%, and Tier 3-13%
By Designation: C-Level-50%, Director Level-30%, and Others*-20%
By Region: North America-30%, South America-20%, Europe-20%, Asia-Pacific-20%, RoW-10%
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Nidec Corporation (Japan), Denso Corporation (Japan), Bosch Group (Germany), Emerson Electric Co. (U.S.), and WEG (Brazil).
Why buy this report?
1. The report identifies and addresses key markets for electric motor sales which is useful for suppliers and OEMs to review production and distribution plans
2. The report includes analysis for key countries by type of electric motors, ie., AC motors and DC motors. It analyses historical trends and also forecast for 2020 assisting in strategic decision making
3. It also presents competition by analyzing recent market developments such as key contracts, expansions, and new product launches from the key global market players. It helps understand the competition strategies and plan respective initiatives
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key Industry Insights 21
2.1.2.3 Breakdown of primaries 21
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