The Global Electric Motor Market attained a volume of 663 million units in 2019. Rising electrification, mechanisation and automation of the industrial processes, growing automobiles sales and technological innovations, are aiding the continuing growth of the market.
Competitive Landscape & Supplier Analysis:
1. ABB Ltd. (SWX: ABBN)
2. Siemens AG (ETR: SIE)
3. NIDEC CORPORATION (TYO: 6594)
4. WEG S.A.
5. Regal Beloit Corporation
6. TECO Electric & Machinery Co., Ltd.
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Global Electric Motor Market Breakup by Type:
1. AC Electric Motors
2. DC Electric Motors
The types of Electric Motor Market include, AC Electric Motors, DC Electric Motors.
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Global Electric Motor Market Breakup by Application:
1. Industrial Machinery
2. Heating-Ventilating-Air-Conditioning (HVAC)
4. Motor Vehicles and Robotics
Electric Motor Market finds its Application in the Industrial Machinery, Heating-Ventilating-Air-Conditioning (HVAC), Transportation, Motor Vehicles and Robotics, Others.
Global Electric Motor Market by Region:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East & Africa
The regional markets for Electric Motor Market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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