Global Electric Motor Market
                     GLOBAL ELECTRIC MOTOR 
MARKET
Publish by:-
Accurize Market Research
GLOBAL ELECTRIC MOTOR MARKET IS 
ESTIMATED TO REACH $173 BILLION BY 2024, 
SAYS ACCURIZE MARKET RESEARCH
 Global Electric Motor Market report published by 
Accurize Market Research forecast that the global 
market is expected to reach $173 billion by 2024; 
growing at a CAGR of 5.6% from 2017 to 2025. By 
geography, Asia Pacific and North America are 
expected to grow at a CAGR of XX% and XX%, 
respectively, during the forecast period.
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RISING AUTOMOBILE PRODUCTION TO 
DRIVE THE GLOBAL ELECTRIC MOTOR 
MARKET
 Rising automobile productions coupled with 
increased adoption of electric vehicles, the 
global electric motor market is expected to 
boost in the future years. Moreover, increasing 
application of induction motors and electric 
motors are replacing gas turbines in big 
industrial plants. This is also expected to 
support the growth of the market.
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MARKET SEGMENTATION
 The global electric motor market is split into output power, 
type, application and geography. Output power segment is 
divided into FHP and IHP. Type segment is bifurcated into AC 
motor, DC motor and hermetic motor. Application segment 
includes motor vehicle, machinery, HVAC equipment, 
household appliances, aerospace and commercial.
 North America, Europe, Asia-Pacific and Rest of the World 
(RoW) are the geographical segments of the market. North 
America is further bifurcated into countries namely; U.S., 
Canada and Mexico. Europe covers countries like Russia, 
U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific 
countries include China, India, Japan, South Korea and Rest 
of Asia Pacific. Rest of the World (RoW) covers South 
America, Africa and Middle East.
    "AC motor for the largest market share in the type 
segment", says Accurize
AC motor held majority of the share in the market followed 
by DC motors in the year 2017. However, in the same year, 
motor vehicles and HVAC equipment accounted for 
maximum share of the application market in 2017.
"Asia-Pacific dominated the global market with the 
highest market share over the forecast period", says 
Accurize
Asia Pacific is the fastest growing region in the global electric 
motor market, owning to rapid growth in urbanization, and 
increasing construction of mega cities & metro railways. Asia 
Pacific accounted the largest share of the market followed by 
Europe in the year 2017.
TOP PLAYERS IN THE MARKET
Major players operating in the market include 
 Schneider Electric SE
 Baldor Electric Company
 Siemens AG
 Kirloskar Electric Company
 Denso Corporation
 Bosch Group
 Toshiba International Corporation
 Rockwell Automation
 General Electric Company and
 ABB Ltd.
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