Gmi Research's blog : Electric Motor Market By Type and By Region – Global Opportunities & Forecast, 2020-2027
Global Electric
Motor Market
The GMI Research report asseverates that the Electric Motor
Market will surge up over the forecast period. This is because of the augmenting
adoption of electric vehicles across several industries such as automotive,
chemical, and petrochemical.
Request
a free sample of Global Electric Motor Market
Electric Motor Market Dynamics
The increasing implementation of electric motors across
various industry verticals and a surge in the agricultural industry are the
supreme forces complementing the growth of the global electric motor market. Electric
motors are gauged in machines and operates all machines on workshop floors via overheat
shafting, where all machines start, and stop by fast and loses pulley system.
Hence better properties of electric motors such as energy , Return On Investment,
and motor maintenance has bolstered the adoption of electric motor in
agriculture sector, which further stimulates the market share. Also, the electric
motor market report projects that the increasing agitation to decrease
pollution and power usage along with the growing demand for super-luxurious
efficiency electric motors has generated huge opportunities for market. The
growing number of residential and commercial industries and switch towards
power effective motors will elevate the market growth. However, the excessive
maintenance cost of brushed DC might hinder the electric motor market size.
Type Segment Drivers
Based on type, the electric motor market can broadly be
bifurcated into AC and DC motors. Among these, DC motors segment is anticipated
to perceive a significant growth over the coming years. This is attributed to
the augmenting demand of automotive to retract, extend and position powered
window. In addition, as per the electric motor market forecast, brushless
DC motors have gained immense prominence across multiple industries, which
include healthcare, manufacturing, and transportation. It presents several
benefits such as better efficiency, faster speed, enhanced performance, dependability,
and eradicates the maintenance needs. Thus, all these features will raise the global
electric motor market size.
About GMI
Research
GMI Research is a market research and consulting firm which
provides market insights and intelligence across 12 major sectors helping our
clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website:
www.gmiresearch.com
For more info:
Nitrogenous
Fertilizers Market
Industrial
Gases Market
Global
Fertilizer Market
Seed
Market
Lead
Acid Battery Market
HVAC
Equipment Market
In: - Technology