Technological advancements and the on-going innovations in the electric motor industry are expected to drive the global electric motor market over the forecast period. Surge in demand for high-efficiency electric motor is further expected to catapult market demand over the next few years. These motors offer several benefits such as low power consumption, longer life, and low maintenance cost, which are also expected to drive market growth. This is also expected to shift the demand from standard motors towards high-efficiency electric motors. Electric motors are used across several applications areas such as aerospace, transportation, HVAC, industrial, automotive, and residential, which is anticipated to fuel market demand over the next few years. Motor vehicle segment is expected to be the most attractive segment in the electric motor market.

1. Electric Motor Market Applications, Analysis, Trends And
Segment Forecasts 2015 To 2022: Grand View Research, Inc
Technological advancements and the on-going innovations in the electric motor industry are
expected to drive the global electric motor market over the forecast period. Surge in demand
for high-efficiency electric motor is further expected to catapult market demand over the next
few years. These motors offer several benefits such as low power consumption, longer life, and
low maintenance cost, which are also expected to drive market growth. This is also expected to
shift the demand from standard motors towards high-efficiency electric motors. Electric motors
are used across several applications areas such as aerospace, transportation, HVAC, industrial,
automotive, and residential, which is anticipated to fuel market demand over the next few
years. Motor vehicle segment is expected to be the most attractive segment in the electric
motor market.
Read Complete Report with TOC @ http://www.grandviewresearch.com/industry-
analysis/electric-motor-market

2. An electric motor is an electrical machine that converts electrical energy into mechanical
energy. Growing awareness amongst people coupled with favorable government initiatives to
promote green vehicles in order to safeguard the environment from carbon emissions is
expected to drive electric motor market growth over the forecast period. In addition, the need
for improved efficiency and low power consumption is further expected to fuel demand for
high efficiency electric motors. AC, DC, and Hermetic motors are the major types of electric
motors, which are generally used in residential, commercial, and industrial applications;
whereas, hermetic motors are used for air conditioning, refrigerating, and heating purposes. DC
motors are primarily used in motor vehicles.
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motor-market

3. Introduction of electricity consumption standards and price fluctuations in the global
electronics market are expected to pose challenge to the electric motor market over the next
few years. However, global motor manufacturers emphasize on design, raw materials, and
innovative manufacturing techniques in order to lower energy consumption. Further, the
demand for energy-efficient electric motors may also be attributed to factors such as electric
motor driven systems, growing electricity consumption, increased use in home appliances, and
rising automobiles production.
Asia Pacific is expected to emerge as the fastest growing and largest regional market owing to
increasing consumer purchase power in developing countries such as Malaysia, China, India,
and Indonesia. Growing electricity consumptions and stringent government regulations are
expected to drive the electric motor market in North America and Europe.
The key market participants include Johnson Electric Holdings Ltd., Franklin Electric Co. Inc.,
Danaher Motion LLC, Brook Crompton UK Ltd., Baldor Electric Company Inc., Siemens AG,
Ametek Inc., and Allied Motion Technologies Inc. The global electric motors market is highly
fragmented and has many international players trying to carve a place for themselves in this
competitive market.
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motor-market

4. About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help clients make
informed business decisions, the company offers market intelligence studies ensuring relevant
and fact-based research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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