Electric motors market in the United States is projected to cross $19 billion by 2022, on account of increasing demand from industrial, transportation and commercial sectors. Industrial sector dominated the country's electric motors market in 2016, and the segment is anticipated to maintain its dominance over the next five years as well.
From the smallest motor found in a quartz watch to a million-plus horsepower motor powering a ship, motors are extensively used in many diverse applications such as pumps, compressors, fans, etc. Electric motors are widely used in diverse sectors encompassing residential, manufacturing, commercial, real estate and others, which has given rise to demand for energy efficient electric motors over the last decade. Over the course of next five years, the market is also expected to be positively influenced by rising number of private as well as government R&D initiatives such as US Department of Energy's announcement of investing $25 million aimed at developing energy efficient electric motors.
Region-wise, southeast region is the leading demand generating region for electric motors in the US. Baldor Electric Company (ABB Ltd), WEG Electric Corp., Regal Beloit Corporation, NIDEC Motor Corp. (U.S Motors), Siemens Limited and General Electric Company are some of the leading players operating in the US electric motors market.
United States Electric Motors Market report discusses:
United States Electric Motors Market Size, Share & Forecast
United States Electric Motors Segmental Analysis - By Type (AC Motors Vs. DC Motors), and By Application (Industrial, Transportation, Commercial, &7 Residential)
Policy and Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Market Trends & Developments
Increasing Development of Technologically Advanced Electric Motors
Expanding Online Market
Rising New Product Developments & Automation System
Growing Demand for Energy Efficient Motors
Affordability of Motors & Control Electronics
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. United States Electric Motors Market Outlook (2012-2022F)
5. United States AC Electric Motors Market Outlook (2012-2022F)
6. United States DC Electric Motors Market Outlook (2012-2022F)