The global Electric motors market will be driven by the increasing applications and the huge installations of electric motors in marine, oil and gas, energy and power and other industries. These industries are dependent on use of machines which require constant power supply. The industrial machines supply power and in turn, drive the electric motors market. The policy makers are focusing on public transit infrastructure, with very less pollution for tackling of the air pollutant emissions, ... Read more
Electric Motors Market Report: By Motor Type (AC, DC, Hermetic), Voltage (Upto 1 kV, 1 kV–6.6 kV, Above 6.6 kV), by Output Power (Upto 1 hp, Above 1 hp), by End-Use (Industrial, Commercial, Residential, Agriculture, Transportation) and Region.
Electric Motors Market Synopsis:
As per Market Research Future (MRFR)’s assessment, the global electric motors market is anticipated to thrive at a CAGR of 6.2% during the forecast period 2017 ... Read more
As per Market Research Future (MRFR)’s assessment, the global electric motors market is anticipated to thrive at a CAGR of 6.2% during the forecast period 2017 to 2023. The market is majorly driven by an increase in demand for energy efficient electric motors. Increased usages of electric motors in the rapidly growing agricultural sector are also expected to contribute to the growth of the market. The increase in the use of electric ... Read more