This is the Best Things About Electric Motor Sales Market with Forecast to 2021
The report "Electric Motor Sales Market by Type (AC and DC), Voltage (< 1 kV, 1 kV–6.6 kV,
and > 6.6 kV), Output Power (< 1 hp and > 1 hp), End-User (Industrial, Commercial,
Residential, Transportation, and Agriculture), and Region - Global Forecast to 2021", The
electric motor sales market is expected to grow from an estimated USD 94.23 Billion in 2016 to
USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors
across major industries, growing agricultural sector, and transition toward energy -efficient
motors are the major factors driving the electric motor sales market across the globe.
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AC motors would dominate the global electric motor sales market
The electric motor sales market in this report has been classified based on type into the following
segments, namely, AC & DC motors. The AC motors segment dominated the electric motor sales
market in 2016. With the growing demand for AC motors in various industries such as paper &
pulp, cement, wastewater treatment and chemicals, the AC motors market is expected to grow
during the forecast period. Hence, the market size of the AC motors segment is the largest.
< 1 kV is the largest voltage type-based market segment
The report also segments the electric motor sales market by voltage range, which includes > 6.6
kV (high), 1 kV–6.6 kV (medium), and < 1 kV (low). < 1 kV voltage range-based electric motor
sales market is expected to dominate the market by 2021 . This growth is majorly driven by Asia-
Pacific due to the rapid industrialization and urbanization in the region. Moreover, the countries
in all the other regions are undergoing rapid developments in the power sector; in turn, aiding
the growth in demand for < 1 kV electric motors.
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To provide an in-depth understanding of the competitive landscape, the report includes profiles
of companies, namely, ABB Ltd. (Switzerland), Siemens AG (Germany), Nidec Corporation (Japan),
Denso Corporation (Japan), General Electric Company (U.S.), Allied Motion Technologies, Inc.
(U.S.), Ametek, Inc. (U.S.), Arc System, Inc. (U.S.), Baldor Electric Company (U.S.), Bosch Group
(Germany), Emerson Electric Co. (U.S.), Hitachi Ltd. (Japan), Johnson Electric Holdings Ltd. (Hong
Kong), Regal Beloit Corporation (U.S.), Rockwell Automation (U.S.), Toshiba International
Corporation (U.S.), and WEG (Brazil). Dominant players are trying to penetrate developing
economies and are adopting various methods to grab the market share.