Lucintel's latest market report analyzed that electric motor provides attractive opportunities in the industrial, motor vehicles, HVAC equipment, aerospace & transportation, household appliances and others markets. The electric motor market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, alternate current motor (AC) is the largest segment by motor type, whereas industrial machinery is largest by application.
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Based on motor type, the electric motor market is segmented into alternate current (AC) motor and direct current (DC) motor. The alternate current motor (AC) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as these motors are smaller, cheaper, and lighter in weight and has longer service life than DC motors.
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The Electric Motor Market is marked by the presence of several big and small players. Some of the prominent players offering electric motor include Nidec, ABB, Siemens, WEG, Robert Bosch, Toshiba Corporation, Denso Corporation, ARC Systems, Rockwell Automation, and Emerson Electric.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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