Electric Motor Market Size to reach a value of $175.5 billion by 2024

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According to a new report Global Electric Motor Market, published by KBV research, The Global Electric Motor Market size is expected to reach $175.5 billion by 2024, rising at a market growth of 7.4% CAGR during the forecast period.

The North America market would dominate the Global AC Motor Market by Region 2017 by 2024, growing at a CAGR of 6.7 % during the forecast period. The Europe market is expected to witness a CAGR of 7.1% during (2018 - 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.8% during (2018 - 2024).
The Fractional Horsepower (FHP) Output market dominated the Global Electric Motor Market by Output Power 2017. The Integral Horsepower (FHP) Output market is expected to witness a CAGR of 6.2% during (2018 - 2024).

The Motor Vehicles market dominated the Global Electric Motor Market by End User 2017, growing at a CAGR of 6.4 % during the forecast period. The Industrial Machinery market is expected to witness a CAGR of 6.6% during (2018 - 2024). The Heating Ventilating and Cooling (HVAC) Equipment market is expected to witness a CAGR of 8.7% during (2018 - 2024). Additionally, The Household Appliances market is expected to witness highest CAGR of 9% during (2018 - 2024).

Full Report: https://www.kbvresearch.com/global-electric-motor-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, General Electric (GE), Siemens AG, Hitachi, Ltd., Mitsubishi Heavy Industries Ltd., ABB Corporation, Emerson Electric Co., Denso Corporation, Toshiba Corporation, and Brook Crompton UK Ltd.

Global Electric Motor Market Segmentation

By Component

  • AC Motor
  • Synchronous AC Motor
  • Induction AC Motor
  • DC Motor
  • Brushless DC Motor
  • Brushed DC Motor
  • Hermetic Motor

By Output Power

  • Fractional Horsepower (FHP) Output
  • Integral Horsepower (FHP) Output

By End User

  • Motor Vehicles
  • Industrial Machinery
  • Heating Ventilating and Cooling (HVAC) Equipment
  • Household Appliances
  • Aerospace & Transportation
  • Others

 By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Robert Bosch GmbH
  • General Electric (GE)
  • Siemens AG
  • Hitachi, Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • ABB Corporation
  • Emerson Electric Co.
  • Denso Corporation
  • Toshiba Corporation
  • Brook Crompton UK Ltd.

Unique Offerings from KBV Research

  • Exhaustive coverage of Electric Motor Market Size
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

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