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According to a new report LAMEA Electric Motor Market, published by KBV research, the LAMEA Electric Motor Market would witness market growth of 8.8% CAGR during the forecast period (2018 – 2024).
The Brazil market would dominate the LAMEA Motor Vehicles Electric Motor Market by Country by 2024, growing at a CAGR of 6.7 % during the forecast period. The Argentina market is expected to witness a CAGR of 8.4% during (2018 - 2024). Additionally, The UAE market is expected to witness a CAGR of 7.5% during (2018 - 2024).
The Fractional Horsepower (FHP) Output market dominated the LAMEA Electric Motor Market by Output Power 2017. The Integral Horsepower (FHP) Output market is expected to witness a CAGR of 7.6% during (2018 - 2024).
The AC Motor market dominated the Nigeria Electric Motor Market by Component 2017, growing at a CAGR of 10.8 % during the forecast period. The DC Motor market is expected to witness a CAGR of 7.4% during (2018 - 2024). Additionally, The Hermetic Motor market is expected to witness highest CAGR of 9.6% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. 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.
LAMEA Electric Motor Market Segmentation
By Output Power
By End User
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