Pune, India -- (SBWire) -- 08/02/2018 --Market Overview:-
One of the key drivers for the growth of Electric motors market is the increasing adoption of electric motors in the industrial machinery along with household appliances. The increase in need of more efficient electric motors for achieving efficiency in usage of energy along with cost effectiveness is driving the growth of the market. The electric motors are used in agricultural equipment. The growth of the agricultural sector and the increase in use of motor operated equipment in the agricultural sector is further expected to drive the demand of the electric motors market. The increase in awareness about the effect of greenhouse gases is also leading to a shift from conventional motors to the electric motors, which is expected to drive the global electric motors market during the forecast period. However, the growth of this market is expected to be restrained by the high cost of electric motors and the lack of awareness for use of electric motors.
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Initially the Manufactures followed a simple design and a traditional process to manufacture Automotive Electric Motor. Gradually with the increasing complexities in the design of the Automotive Vehicles, the process of manufacturing and designs of door seals have also become increasingly complicated. This acts as a major hurdle in the process of installation and the designing of the Automotive Electric Motor. With the increasing labor cost over time, and lack of skilled labor any sort of design and installation issue will result in a blowout of the seals. Such an issue in the Automotive Electric Motor market can act as major hurdle in the growth and development of the Automotive Electric Motor market.
Industry Top Key Players:-
The key players of global electric motors market are ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), Nidec Corporation (Japan), Denso Corporation (Japan), Allied Motion Technologies, Inc. (U.S.), Ametek, Inc. (U.S.), Robert Bosch GmbH (Germany), and Emerson Electric Co. (U.S.). Hitachi, Ltd. (Japan), Johnson Electric Holdings Limited (Hong Kong), Rockwell Automation (U.S.), WEG S.A. (Brazil), ARC Systems, Inc. (U.S.), and Toshiba International Corporation (U.S.) are among others.
Industry/ Innovation/ Related News:
February, 2014– Mitsubishi Electric Corporation announced it has developed a prototype electric vehicle (EV) motor drive system with a built-in silicon-carbide inverter. The EV motor drive system, the smallest of its kind, will enable manufacturers to develop EVs offering more passenger space and greater energy efficiency. Mitsubishi Electric plans to commercialize its new EV motor system after finalizing technologies for motor/inverter cooling, further downsizing and additional efficiency.
July, 2011 - Two German-based companies with locations in South Carolina have signed agreements for a 50-50 joint venture to produce electric motors. Daimler AG and Robert Bosch GmbH are establishing a new company, EM-motive GmbH, to develop and produce traction motors for electric vehicles. Daimler has a Sprinter van assembly plant in North Charleston, and Bosch has manufacturing sites in North Charleston and Anderson. The companies said they intend to accelerate the development of traction motors for electric vehicles powered by battery, fuel cell or range extender. Production of motors is expected to begin in early 2012. The traction motors will be used in the electric vehicles of both the Mercedes-Benz and Smart brands, starting with the new generation of the Smart fortwo electric drive, which is to go on sale in early 2012.
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Automotive Electric Motor Market: Regional Analysis
Asia-Pacific is expected to dominate the automotive electric motors market owing to the boom in the manufacturing industries including the automotive manufacturers in the region. The constant up gradation of automobile manufacturing sector and the increasing emphasis of adoption of energy efficient electric motors in various automotive in the region is expected to contribute to the growth of the automotive electric motors market in the region. Developed nations such as North America and Europe are becoming aware for the use of efficient electric motors in the automotive and have increased adoption of electric motors owing to increased energy efficiency and the low cost of electric motors.
Major Points of Table Of Content:-
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Type Of Buyers
3.1.3 Bargaining Type Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued..........
Electric Motors Global Market Size and Develop -Entry and Expansion Strategies : Industry Technological Advancement and Forecast to 2023
Electric Motors Market By Motor Type, Voltage, by Output Power , by End-Use | Global Electric Motors Market Is Expected To Expand At 6.2% CAGR During The Forecast Period by Forecast 2023