Rising demand of energy efficient motor in various industrial applications is driving the Asia-Pacific electric motor market. Favorable government regulation policies for manufacturing and low production cost enable the leading companies to relocate their manufacturing plants to countries like India and China. Over the past few years, Asia-Pacific market has been witnessing tremendous technological advancements in process automation, owing to which the current Asia-Pacific electric motor market is growing at a considerable pace. The electric motors find wide adoption across industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, heating ventilating & air conditioning applications, disk drives, power tools, electric cars and automated robots. The need for improved efficiency and low power consumption would continue to generate a high demand for high efficiency motors.
The increased adoption of energy efficient motors across industrial and agricultural sector would drive the overall Asia-Pacific electric motors market. Additionally, the widespread awareness regarding green vehicles and increasing number of government incentives to promote green vehicles in order to safeguard the environment from carbon emissions is ultimately contributing to the overall growth of the Asia-Pacific electric motors market. However, with the increased sales of hybrid vehicle and constant rise in the production of automobiles, Asian market would definitely spearhead the overall vehicle production. Considering above mentioned favorable conditions it is expected that Asia-Pacific electric motor market would continue to grow at a healthy growth rate
According to the report, the Asia-Pacific electric motor market is segmented based on the types of electric motors, output power of electric motors, the applications where electric motors are being used and Country level analysis. Type of motors segment explains AC, DC and Hermetic motors. The applications of electric motors encompass Industrial machinery, Motor Vehicles (automobiles), Heating Ventilating and Cooling (HVAC) equipment’s, Household appliances, Aerospace and Transportation and Other Commercial Applications. Country level market analysis of the electric market is conducted for China, India, Japan, South Korea and Rest of Asia-Pacific. Major players profiled in the report are Ametek Inc., Allied Motion Technologies Inc, Baldor Electric Company Inc. (ABB Group), Siemens, Johnson Electric Holdings Ltd., Rockwell Automation, Inc, Franklin Electric Co., Inc.,Asmo Co., Ltd., ARC Systems, Inc and Kirloskar Electric Company.
KEY BENEFITS
KEY MARKET SEGMENTS
The Asia-pacific electric motors market is segmented by type of motors, output power, applications and Country.
MARKET BY TYPE OF MOTORS
MARKET BY OUTPUT POWER
MARKET BY APPLICATIONS
MARKET BY COUNTRY
COMPANY PROFILE
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