The increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the Electric Motor Market growth.

HYDERABAD, TELANGANA, INDIA2022, August 26, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, Electric Motor Market Size is forecast to reach $186.0 billion by 2026, at a CAGR of 6.9% during 2021-2026. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving the growth in the electric motor market during the forecast period. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Key takeaways:

1. The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market in APAC.
2. The inner rotor segment is growing at a significant CAGR of 7.9% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding.
3. Automotive sector is expected to witness a highest CAGR of 8.3% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on.
4. Electric Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=19763

Segmental Analysis:

1• The inner rotor segment is expected to grow at a significant CAGR of 7.9% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding.
2. Automotive sector is expected to witness a highest CAGR of 8.3% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the market.
3. Electric Motor market in Asia-Pacific region held significant market share of 40% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.

Competitive landscape:

The top 5 players in the Electric Motor industry are-

1. ABB Ltd

2. AMETEK, Inc.

3. Johnson Electric Holdings Limited

4. Siemens AG

5. Rockwell Automation

Click on the following link to buy the Electric Motor Market Report:
https://www.industryarc.com/reports/request-quote?id=19763

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Similar Reports:

A. Industrial Motors Market
https://www.industryarc.com/Report/7383/industrial-motors-market-report.html

B. Automotive Motors Market
https://www.industryarc.com/Research/Automotive-Motors-Market-Research-501037

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.