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(Motor Types, Applications, Output Power, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2012 - 2020
Published: Allied Market Research
No of pages: 126
Date: October 2014
Electric Motors market is in a mature stage of its lifecycle and has the potential to even grow further. The market has been witnessing tremendous technological advancements in the last few years due to which, the current electric motor market is gaining traction. The market is quickly shifting towards highly efficient electric motor systems. The electric motors find wider adoption in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, heating ventilating and air conditioning applications, disk drives, power tools, electric cars and automated robots.
The highly efficient motors, which are also called as premium efficiency motors, are gaining importance over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, tolerance for fluctuating voltages, etc. Low energy consumption is an ace advantage of energy efficient motors over standard motors. Although expensive than conventional motors, the long term environmental benefits offered by the premium motors tend to outweigh the initial premium cost of these motors.
The availability of energy efficient motors gives rise to its demand in industrial and agricultural sector, which drives the electric motors market, the widespread awareness of the green vehicles amongst customers and increasing number of government incentives to promote green vehicles in order to safeguard the environment from carbon emissions is ultimately contributing to the growth of the electric motors market. Therefore, the electric cars are in great demand amongst customers and ceasing this opportunity, the market players are launching different electric cars to meet the customer demands.
Telsa, a giant in manufacturing electric cars has launched an electric car in North American region and has plans to launch its next electric car in the European market. The Department of Energy estimated that the sales of hybrid vehicle have increased from 10,000 million units in 2010 to 430,000 million units in 2012. These sales figures show that there is a growing demand for green vehicles in the market.
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Global Electric Motor Market By Motor Types
Global Electric Motor Market By Output Power
Global Electric Motor Market By Applications
Global Electric Motors Market By Geography
Get full TOC at: http://www.reportsandintelligence.com/electric-motor-market/table-of-contents
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