Overview of the Global Electric Motor Market:
In accordance with the recent study by Fortune Business Insights, the global Electric Motor market is estimated to be worth around USD 106.45 billion in the present year 2020. As per this market report, the overall demand for high-purity lignin is poised to witness a CAGR of 7 % for the next ten years finally taking the overall valuation up to Usd 181.89 Billion by the end of the year 2028.
Market Scope:
According to the International Energy Agency, energy-related CO2 emissions fell by around 5.8% worldwide in 2020 due to reduced energy demand. The coronavirus led to lockdown measures announced by government agencies that led to limited mobility and halted industrial applications. However, the problem of vehicular emissions still exists and the growing concerns regarding the depleted air quality have propelled manufacturers to adopt renewable energy sources.
COVID-19 Impact:
The updated report, a free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Electric Motor Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
How the industry is coping with the pandemic?
Slowly and gradually economic activity is up and running now which may help the industry to get back on its feet as soon as possible.
Major Players in the Electric Motor market are:
ABB Group
Siemens Ag
WEG SA
TECO
Regal Beloit Corporation
Nidec Corporation
Key Player’s information includes:
- Key Company Profile
- Important Market Information
- SWOT Analysis
- Market Share
- Sales, Revenue, Price, and Gross Margin
By Product Type, the Market is Primarily Segmented into and By Applications, the Market is Segmented into:
By Motor Type
AC Motors
DC Motors
Hermetic Motors
By Power Output
Fractional Horsepower (Up to 1HP)
Integral Horsepower (Above 1HP)
By Voltage
Up to 1 kV
1 kV-6.6 kV
Above 6.6 kV
By Application
Industrial Machinery
Motor Vehicles
HVAC Equipment
Electrical Appliances
Others
By End-User
Industrial
Commercial
Residential
Agriculture
Transportation
Region-Wise Classification of the Market:
- North America
- South America
- Europe
- Asia-Pacific
- Africa
- Middle East
Report Highlights:
- Detailed Overview
- Market Dynamics
- Detailed Market Segmentation
- Historical, Current, and Projected Market Size in terms of volume and value
- Market Trends and Developments
- Competitive Landscape
- Strategies of Key Players
- Potential and Niche Segments
Key Questions Answered:
1) What is the market size and CAGR of the global as well as the regional market?
2) What are the key players operating in the global Electric Motor Market?
3) What are the drivers, restraints, and growth opportunities of the market?
4) What are key technological trends in the market?
5) What are the various regions and sub-regions with leading contributions to the market?
On-demand Custom Research Report:
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