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Electric Motor Sales Market Worth 127.63 Billion USD by 2021


News provided by

MarketsandMarkets

06 Oct, 2016, 11:30 GMT

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PUNE, India, October 6, 2016 /PRNewswire/ --

The report "Electric Motor Sales Market by Type (AC and DC), Voltage (< 1 kV, 1 kV-6.6 kV, and > 6.6 kV), Output Power (< 1 hp and > 1 hp), End-User (Industrial, Commercial, Residential, Transportation, and Agriculture), and Region - Global Forecast to 2021" Published by MarketsandMarkets, The Electric Motor Sales Market is expected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors across major industries, growing agricultural sector, and transition toward energy-efficient motors are the major factors driving the Electric Motor Sales Market across the globe.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 80 market data Tables and 46 Figures spread through 222 Pages and in-depth TOC on "Electric Motor Sales Market - Global Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/electric-motor-market-alternative-fuel-vehicles-717.html

Early buyers will receive 10% customization on this report.

AC motors would dominate the global electric motor sales market 

The Electric Motor Sales Market in this report has been classified based on type into the following segments, namely, AC & DC motors. The AC motors segment dominated the Electric Motor Sales Market in 2016. With the growing demand for AC motors in various industries such as paper & pulp, cement, wastewater treatment and chemicals, the AC motors market is expected to grow during the forecast period. Hence, the market size of the AC motors segment is the largest.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=717

< 1 kV is the largest voltage type-based market segment 

The report also segments the Electric Motor Sales Market by voltage range, which includes > 6.6 kV (high), 1 kV-6.6 kV (medium), and < 1 kV (low). < 1 kV voltage range-based Electric Motor Sales Market is expected to dominate the market by 2021. This growth is majorly driven by Asia-Pacific due to the rapid industrialization and urbanization in the region. Moreover, the countries in all the other regions are undergoing rapid developments in the power sector; in turn, aiding the growth in demand for < 1 kV electric motors.

Asia-Pacific is the dominant market for electric motor sales 

Asia-Pacific is currently the largest market for electric motor sales. In Asia-Pacific, the growth of the Electric Motor Sales Market can be attributed to factors such as continuous growth in the agriculture sector along with massive investments in industrialization in the this region including countries such as India, China, Australia, and South Korea.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of companies, namely, ABB Ltd. (Switzerland), Siemens AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), General Electric Company (U.S.), Allied Motion Technologies, Inc. (U.S.), Ametek, Inc. (U.S.), Arc System, Inc. (U.S.), Baldor Electric Company (U.S.), Bosch Group (Germany), Emerson Electric Co. (U.S.), Hitachi Ltd. (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Regal Beloit Corporation (U.S.), Rockwell Automation (U.S.), Toshiba International Corporation (U.S.), and WEG (Brazil). Dominant players are trying to penetrate developing economies and are adopting various methods to grab the market share.

Browse Related Reports: 

Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), & End-User (Industrial and Commercial), Component, Standard (IEC and NEMA), and by Region - Trends & Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/motor-control-centers-market-227058918.html


Synchronous Motors Market by Mount Type (Horizontal and Vertical), Voltage (LV and MV), End User (Oil & Gas, Chemicals & Petrochemicals, Metals, Mining, Pulp and Paper), Application, and by Region - Global Trends & Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/permanent-magnet-synchronous-motor-market-388719.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
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