Electronic Motors Market to Grow at a Cagr of 6.3%

According to the research report published by Transparency Market Research, the global electric motors market is expected to achieve a CAGR of 6.3% for the period 2013-2019. The demand for energy-efficient motors is expected to value US$120.68 billion at the end of the forecast period. The report, titled ‘Electric Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019’, states that the increase in demand for energy-efficient appliances and energy conservation has led to an increase in demand from the global electric motors market. Countries all around the world are trying to save electricity by investing in electric motors. This report is prepared by TMR analysts to better understand the dynamics, current trends, and highlights of the electric motors market. To support the cause, many countries from across the globe are investing in electronic motors, AC motors, DC motors, and hermetic motors. Shift in trends along with investment of higher revenue in the electric motors market has motivated manufacturers and other market participants globally.

The use of electric motors is common in the production of heating and ventilating equipment, household appliances, and motor vehicles. Increasing disposable incomes and resultant elevation in the standard of living will push the global electric motors market. The report focuses on factors such as the drivers, opportunities, restraints, and area-wise segmentation of the electronic motors market. Countries from Asia Pacific, Europe, North America, and Rest of the World contribute the most towards the growth of the electronic motors market. The Asia Pacific region has become the biggest and rapidly growing regional market owing to rising purchasing power and improving economies of countries such as Indonesia, India, China, and Malaysia.
                             
Johnson Electric Holdings Ltd, Siemens AG, Allied Motion Technologies Inc., Ametek Inc., Baldor Electric Company...