Growth in electrification of vehicles, replacement of energy-inefficient motors and increasing disposable income will be major growth propellers
SANTA CLARA, California, April 7, 2017 /PRNewswire/ --
1:00 p.m. EDT, Tuesday, April 11, 2017
Online, with free registration at https://goo.gl/ezpQFv
Frost & Sullivan Industrial Automation & Process Control Industry Analyst Krishna Raman
The necessity to enhance energy efficiency of existing applications, accompanied by an increase in the electrification of different applications across industries is currently driving the electric motors market. Demand for motors from heavy process industries is expected to stabilize in 2017 due to an increase in commodity prices. Furthermore, food and beverage, water and wastewater, and discrete industries are expected to continue to strengthen in 2017. An increase in the electrification of automobiles (applications such as vehicle traction and other controls), growing adoption of higher-efficiency motors such as brushless DC motors, and Mega Trends such as innovating to zero and green energy are expected to influence customer preference in the electric motor market. Join Frost & Sullivan for the upcoming Growth, Innovation and Leadership (GIL) briefing as we tackle the trends set to shock the electric motors market in 2017.
Questions this webinar will answer:
- What is the size of the global electric motor market?
- How is the market revenue expected to grow during the forecast period?
- How is the revenue split between different end-user segments across geographic regions and product segments?
- Which segments offer significant growth potential for electric motor manufacturers in 2017?
Thought leader insights:
"The need to reduce operating cost will be the major driver for adoption of higher efficiency motors. Growing space constraint has been increasing the user preference for more compact motors. Higher energy efficiency and compactness of motors will be the key differentiating factors in the global electric motors market," Frost & Sullivan Industrial Automation & Process Control Industry Analyst Krishna Raman.
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About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
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SOURCE Frost & Sullivan