The Global Motor Manufacturing Market Was Valued At $100 Billion In 2017 According To TBRC’s Latest Report

Posted September 20, 2018 by praneethtbrc

Asia Pacific was the largest geographic region accounting for $45.1 billion or 45.6% of the global market. China was the largest country accounting for $21.7 billion or 22% of the global motor manufacturing market.
Motor manufacturing establishments produce machines that convert electrical energy into mechanical energy and supply motive power to devices. Some devices that use electric motors include fans, blowers, household appliances, disk drives, batteries and power tools.

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The global motor manufacturing market was valued at $100 billion in 2017, and is expected to be driven because of the introduction of new intelligent motor drive techniques. New intelligent motor drive techniques are used for invertors and sensor less controls. Asia Pacific was the largest geographic region in the market, accounting for more than two-fifth of the global market share.

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China was the largest country in the market, accounting for more than one-fifth of the global motor manufacturing market share. China was followed by India and Japan as the next largest countries in the market.
The top five competitors in the market are Ametek Inc, Baldor Electric Co Inc, Franklin Electric Co Inc, ABB Ltd, and General Electric Corporation. Ametek Inc was the largest player in the market. Ametek, Inc. is an American global manufacturer of electronic instruments and electromechanical devices. The company headquarters are in the United States.

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Categories Business , Manufacturing , Technology
Tags electric motor market report , electric motors manufacturing market report , motor manufacturing companies market research report , motor manufacturing market analysis
Last Updated September 20, 2018