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Global electric motor and generator market set to grow by 2.7% in the coming years

Press release August 22, 2014

This industry report package offers the most up-to-date market data on the actual market situation, trends, and future outlook for electric motors and generators in the world and in the top 10 global countries.

The global electric motor and generator market is set to increase by 2.7% per annum in the years to come. Currently the electric motor parts and generator parts account for almost 27.7% of the total global demand while the remaining is pulled in by multi phase AC motors, electric motors, DC motors and generators, AC generators and single phase AC motors. These products are mainly used for household products and appliances which include refrigerators, air conditioners, microwave ovens, freezers, and other products which require the least of horsepower like a computer disk drive.

This report, Global Electric Motor and Generator Market to 2018 - Market Size, Top 10 Countries, Trends, and Forecasts, provides up-to-date market data on the actual market situation, trends, and outlook for electric motors and generators in the world and in the top 10 global countries. Along with a global electric motor and generator market report, the package includes country reports from the several countries.

Market overview

One of the major drivers for this market are developments and innovation in the electrical and electronics market which use these setups for their working. The major challenge on the other hand is non performing economy and price fluctuations in the electronic market.

Asia Pacific is the region with a lot of potential where innovation and development of more efficient products are generating large amounts of revenue. Some of the major players in this industry are Emerson Electric, Baldor Electric Co., General Electric Co., and Ingersoll Rand. Currently, North America and Asia Pacific lead the market for electric motors and generators that is followed up by Europe.

For further insights,

Visit: Global electric motor and generator market set to grow by 2.7% in the coming years

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Subjects


Electric motor industry, electric motor market