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Electric vehicles can be of great help in this regard, which is why their adoption is increasing. A major component of an electric vehicle is an electric motor, therefore, their demand is also increasing with the rising adoption of electric vehicles. The global electric motor market is projected to attain a revenue of $195.2 billion in 2030, increasing from $118.2 billion in 2019, progressing at a 4.8% CAGR during the forecast period (2020–2030), according to a research conducted by P&S Intelligence.<\/p>\n
Request to view sample of this market research at :https:\/\/www.psmarketresearch.com\/market-analysis\/electric-motor-market\/report-sample<\/a><\/strong><\/em><\/p>\n AC motors are further of two types, namely synchronous and induction, between which, a larger demand was created for induction AC motors in the past. Three-phase induction motors are highly popular in a number of industrial applications. Single-phase induction motors are utilized commonly in household applications, including grinders, pumps, mixers, fans, and washing machines. It is owing to such wide range of applications of induction motors that their demand is rising at a rapid pace.<\/span><\/p>\n This market research report provides a comprehensive overview of the electric motor market market<\/p>\n The Asia-Pacific region emerged as the largest<\/strong> electric motor market<\/strong><\/a> in the past, owing to the swift industrialization and rising adoption of HVAC equipment and electric vehicles in China and India. For example, the Government of India rolled out a subsidy scheme for introducing electric public transport services in 11 major cities of the country in the beginning of 2018. The incentive covers about 60% of the purchase cost of electric buses. Incentives like these are predicted to drive the demand for electric vehicles in the region, in turn, driving the demand for electric motors.<\/span><\/p>\n Some of the key players operating in the domain are Toshiba Corporation, Siemens AG, Emerson Electric Co., DENSO Corporation, Wolong Holding Group Co. Ltd., Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, Robert Bosch GmbH, ABB Ltd., AMETEK Inc., Franklin Electric Co. Inc., Regal Beloit Corporation, Nidec Corporation, WEG Industries, Mitsuba Corporation, and Rockwell Automation Inc.<\/p>\n Pre-Purchase Inquiry at :<\/strong>https:\/\/www.psmarketresearch.com\/send-enquiry?enquiry-url=electric-motor-market<\/a><\/strong><\/em><\/p>\n The research includes detailed analysis of;<\/strong><\/p>\n Based on Motor Type<\/strong><\/p>\n * AC Motor<\/p>\n * DC Motor<\/p>\n * Hermetic Motor<\/p>\n Based on Output Power<\/strong><\/p>\n * Fractional Horsepower<\/p>\n * Integral Horsepower<\/p>\n Based on Application<\/strong><\/p>\n * Motor Vehicle<\/p>\n * Industrial Machinery<\/p>\n * Heating, Ventilation, and Air Conditioning (HVAC) Equipment<\/p>\n * Transportation<\/p>\n * Household<\/p>\n About P&S Intelligence<\/strong><\/p>\n P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.<\/p>\n Contact:<\/strong><\/p>\n P&S Intelligence Tags: Electric Motor Market Insights<\/a>, Electric Motor Market 2020<\/a>, Electric Motor Market Developments<\/a>, Electric Motor Market Size<\/a>, Electric Motor Market<\/a>, Electric Motor Market Share<\/a>, Electric Motor Market Dynamics<\/a>, Electric Motor Market forecast<\/a>, Electric Motor Market analysis<\/a>, Electric Motor Market Demand<\/a>, Electric Motor Market Drivers<\/a><\/p>\n Tags:<\/b> enquiry@psmarketresearch.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"\n
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Electric vehicles can be of great help in this regard, which is why their adoption is increasing. A major component of an electric vehicle is an electric motor, therefore, their demand is also increasing with the rising adoption of electric vehicles. The global electric motor market is projected to attain a revenue of $195.2 billion … Continue reading Customized Electric Motors Are Key Trend Being Observed In the Electric Motor Market<\/span><\/a> Continue Reading