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(Wireless-NewsWire.Com, March 15, 2018 ) According to Publisher, the Global Electric Motor Sales market is expected to grow from $97.68 billion in 2016 to reach $161.32 billion by 2023 with a CAGR of 7.4%. Increasing demand from residential & commercial end users, recent technological advancements in electric motors, and lower power consumption are some of the major factors propelling the market growth. In addition, emerging robotic technology, introduction of electric vehicles are other factors bolstering the market growth. On the other hand, low adoption rate, high capital investments are the restraints hindering the market growth.
Alternating Current (AC) motors segment is commanding the global market with largest market share during the forecast period. The growth is attributed to cost efficiency, highly adopting in residential & industrial appliances. By output power type, the integral horsepower segment is projected to grow at a higher CAGR owing to meet regulation requirements, energy efficient motors. Asia Pacific is expected to hold the largest share in global electric motor sales market due to raising demand from agriculture sector, rapid industrialization, and urbanization in emerging economies such as India, Japan, and China.
For more information http://www.reportsweb.com/electric-motor-sales-global-market-outlook-2017-2023
Some of the key players in global electric motor sales market include Allied Motion Technologies, Inc., Ametek, Inc., ARC Systems, Inc., Baldor Electric Co., Bosch Group, Denso Corporation, Emerson Electric Co., General Electric Company, Hitachi, Ltd., Johnson Electric Holdings Limited, Nidec Corporation, Regal Beloit Corporation, Rockwell Automation, Siemens AG, Toshiba International Corporation, and WEG S.A.
Motors Types Covered:
-Hermetic Motor
-Direct Current (DC) Motors
-Compound Motors
-Permanent Magnet Motors
-Series Motors
-Shunt Motors
-Alternating Current (AC) Motors
-Synchronous Motors
-Induction Motors
Output Power Types Covered:
-Fractional Horsepower (FHP) Output
-Integral Horsepower (IHP) Output
Voltage Types Covered:
-< 1 kV Motors
-1 kV-6.6 kV Motors
->6.6 kV Motors
End Users Covered:
-Agriculture
-Residential
-Commercial
-Transportation
-Aerospace
-Electric Vehicles
-Railways
-Industrial
-Cement & Manufacturing
-Chemicals & Petrochemicals
-Mining & Metals
-Oil & Gas
-Utilities
-Other End Users
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Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
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ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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