“Electric motor sales market projected to grow at a CAGR of 6.26% from 2016 to 2021”
 
 The electric motor sales market is projected to reach USD 127.63 billion by 2021, growing at a CAGR of 6.26% during the forecast period. Increasing power demand, growing industrial, commercial, & residential infrastructure, rising HVAC application, and fuel-efficient transportation are set to drive the market growth for electric motors across the world. ... Read more

An AC motor performs as the major component of the electric motors is likely to fuel the requirement. The capability of the AC type to drive at different speeds, along with the augmented dependability and operational effectiveness of an equipment, is predicted to lead to an increase in their acceptance throughout the forecasted period. Not only has this, many of the players in this market are doing significant technological advancement for increasing the operational efficiency and developed ... Read more