DUBLIN, Dec. 5, 2014 /PRNewswire/ --
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The electric motors market is progressing due to continuous innovation in the electric motors industry. High efficiency electric motors are in demand due to its characteristics of low power consumption, longer life, low maintenance cost etc. Therefore, the demand trend for standard motors is shifting towards high efficiency electric motors. Moreover, electric motors have wide applications in areas such as industrial, residential, motor vehicles, HVAC, aerospace & transportation etc. Motor vehicle is the most attractive segment amongst the electric motors application industry.
The widespread awareness about electric vehicles amongst people to reduce carbon emission from vehicle fuels is in turn helping the electric motors market to grow. Moreover, AC, DC and Hermetic motors are the major types of electric motors from which AC motors are majorly used in industrial, commercial and residential applications; whereas, hermetic motors are only used for heating , air conditioning and refrigerating purposes. Dc motors are majorly used in motor vehicles. High efficiency electric motors that consumes less power are in trend in global electric motors market.
The new report "Global Electric Motors Market (Motor Types, Output power, Applications and Geography) - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", considers commercial aspects of the Electric motors market. Based on trend analysis, it is anticipated that the electric motors market would reach $129 billion by 2020, registering CAGR of 5.0% during 2014 - 2020. The thriving market conditions can be attributed to the advent of low power consuming premium motors and the customizable application specific designs.
After the success of standard electric motors, premium efficiency electric motors are driving the electric motors market as a whole. The rapid prototyping process of manufacturing energy efficient electric motors adopted by leading manufacturers would propel the growth of electric motors. Although expensive than conventional motors, the long term environmental benefits offered by the premium motors tend to outweigh the initial premium cost and increase the efficiency of the application by approximately 20% as compared to standard motors, which in-turn saves the cost of energy consumed.
The demand for energy efficient electric motors can be attributed to factors such as growing consumption of electricity, rising automobiles production, home appliances and the electric motor driven systems. Moreover, the recent electric motor manufacturing standards i.e. the use of improved design, materials, and the manufacturing techniques that enable energy efficient motors to consume less electricity are encouraging the global motors manufacturers to develop energy efficient motors.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL ELECTRIC MOTOR MARKET BY MOTOR TYPES
CHAPTER 5 GLOBAL ELECTRIC MOTOR MARKET BY OUTPUT POWER
CHAPTER 6 GLOBAL ELECTRIC MOTOR MARKET BY APPLICATIONS
CHAPTER 7 GLOBAL ELECTRIC MOTORS MARKET BY GEOGRAPHY
CHAPTER 8 COMPANY PROFILES
Companies Mentioned:
- ARC Systems, Inc
- Allied Motion Technologies, Inc
- Ametek Inc.
- Asmo Co., Ltd.
- Baldor Electric Company, Inc. (ABB Group)
- Brook Crompton UK Ltd
- Franklin Electric Co., Inc.
- Johnson Electric Holdings Ltd.
- Rockwell Automation, Inc
- Siemens
For more information visit http://www.researchandmarkets.com/research/fc327v/global_electric
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
