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 grow at CAGR of 6.7% during the forecast period. The Europe market is expected to witness CAGR of 7.1% during (2018-2024). Additionally, The Asia Pacific market is expected to witness 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 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 CAGR of 6.6% during (2018-2024). The Heating Ventilating and Cooling (HVAC) Equipment market is expected to witness CAGR of 8.7% during (2018-2024). Additionally, The Household Appliances market is expected to witness the highest CAGR of 9% during (2018-2024).
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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 impact 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
Synchronous AC Motor
Induction AC Motor
Brushless DC Motor
Brushed DC Motor
By Output Power
Fractional Horsepower (FHP) Output
Integral Horsepower (FHP) Output
By End User
Heating Ventilating and Cooling (HVAC) Equipment
Aerospace & Transportation
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Robert Bosch GmbH
General Electric (GE)
Mitsubishi Heavy Industries Ltd.
Emerson Electric Co.
Brook Crompton UK Ltd.
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North America Market
Asia Pacific Market
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AUTOR: KBV Research