Electric Motors Market worth $206.4 billion by 2029 | MarketsandMarkets™

Browse in-depth TOC on "Electric Motors Market"

300 - Tables
50 - Figures
300 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=717

Low voltage motors by voltage, is expected to be the second largest Electric Motors Market during the forecast period

The Electric Motor Market can also be segmented, based on voltage, into low voltage motors, medium voltage motors, and high voltage motors. Low voltage motors are expected to be the second largest segment during the forecast period. The cost of operation, installation, and maintenance of those motors is very low. These low-voltage electric motors are being increasingly adopted in process and motor-driven systems due to relatively low setup and maintenance costs and high reliability. These motors are being designed for energy efficiency levels that meet or even exceed the set standards in order to reduce the operational cost of these motors to businesses.

Commercial segment, by end-user, is expected to second largest segment during forecast period

By end user, the Electric Motors Market has been segmented into industrial, commercial, residential, transportation, and agriculture. Commercial segment is expected to be the second largest segment during the forecast period. Increasing infrastructure investment is expected to increase deployment in commercial segments. The major consumers of electric motors include the HVAC systems that are essential not only for comfort but also the air quality in commercial buildings.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=717

Asia Pacific is expected to be the largest region in the Electric Motors Market during the forecast period

Asia Pacific is expected to be the largest region in the Electric Motors Market during the forecast period. The region's increasing focus on electric motors is due to the Increased investments in the manufacturing and automotive industries. The Asia Pacific region is home to some of the leading electric motors manufacturers such as NIDEC CORPORATION, Hitachi, Ltd, and TECO Electric & Machinery.

Key Players

Some of the major players in the Electric Motors Market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), Wolong Electric (China), and NIDEC CORPORATION (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=717

Related Reports:

Energy Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, IE4, and IE5), Type(AC, DC), Power Output Rating (< 1 kW, 1 - 2.2 kW, 2.2 - 375 kW, and > 375 kW), Application (HVAC, Fans, Pumps, Compressors), End User Region - Global Forecast to 2028

Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region - Global Forecast to 2026

Get access to the latest updates on Electric Motors Companies and Electric Motors Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

View original content:https://www.prnewswire.co.uk/news-releases/electric-motors-market-worth-206-4-billion-by-2029--marketsandmarkets-302236410.html