DUBLIN, December 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lzwnn9/electric_motor) has announced the addition of the "Electric Motor Sales Market 2015 - Global Forecast to 2020" report to their offering.
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Global electric motor sales market is projected to grow at a CAGR of 6.38% during 2015-2020, to reach a value of USD 125.02 billion by 2020
The growth is attributed to the increase in investments in major industries such as oil & gas, metal & mining, power utilities and automobile production along with the rise in commercial and residential infrastructure growth.
Electric motors are widely used in all the sectors. Global production of electric motors gas increased in recent years due to increase in utilization of motors for maximum output from the major sectors like, industrial, agriculture, residential, commercial and transportation. Electric motor is majorly classified as AC and DC motors.AC motors are the fastest growing segment in the electric motor market. With increasing applications in end-user industries such as mining, oil & gas, transportation, chemicals, and many others, the AC motor is expected to dominate the market till 2020.
The report is further classified on the basis of voltage. Low voltage electric motors are expected to dominate the market followed by medium and high voltage electric motors. The rise in electric motor market is due to high usage of motors in oil and gas applications, since low voltage motors are used in pumps and compressors which are utilized for extraction, manufacturing and transportation.
Asia-Pacific has been the leading market for electric motor sales from last couple of years, since the geography has well established manufacturing units for motors and major companies like Nidec Corporation (Japan), and Denso Corporation (Japan). With Continuous growth in the agriculture sectors, massive investments in industrialization, and upgrading and replacing aging infrastructure are driving the electric motor market sales in Asia-Pacific region. The figure below shows the Asia-Pacific countries electric motor sales market size in 2015 and 2020 with its CAGR during 2015-2020.
Some of the leading players who are driving the electric motor sales market 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). New product/technology launches was the most commonly used strategy by top players in the market, constituting 43% of the total development share. It was followed by contracts & agreements, mergers & acquisitions and other developments.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Electric Motor Sales Market, By Type
8 Electric Motor Sales Market, By Voltage
9 Electric Motor Sales Market, By Output Power
10 Electric Motor Sales Market, By End-User
11 Electric Motor Sales Market, By Region
12 Competitive Landscape
13 Company Profiles
- ABB Ltd.
- Allied Motion Technologies Inc.
- Ametek Inc.
- Baldor Electric Company
- Bosch Group
- Denso Corporation
- Emerson Electric Co.
- General Electric Company
- Hitachi
- Johnson Electric Holdings Limited
- Nidec Corporation
- Regal Beloit Corporation
- Rockwell Automation
- Siemens AG
- Toshiba International Corporation
- WEG
For more information visit http://www.researchandmarkets.com/research/lzwnn9/electric_motor
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