From the smallest motor found in a quartz watch to a million-plus horsepower motor powering a ship, motors are extensively used in many diverse applications such as pumps, compressors, fans, etc. Electric motors are widely used in diverse sectors encompassing residential, manufacturing, commercial, real estate and others, which has given rise to demand for energy efficient electric motors over the last decade. Over the course of next 5 years, the market is also expected to be positively influenced by rising number of private as well as government R&D initiatives such as the U.S. Department of Energy's announcement of investing $25 million aimed at developing energy efficient electric motors.
According to "United States Electric Motors Market By Type, By Application, Competition Forecast and Opportunities, 2012– 2022", the electric motors market in the United States is projected to cross $19 billion by 2022, on account of increasing demand from industrial, transportation and commercial sectors. The industrial sector dominated the country's electric motors market in 2016, and the segment is anticipated to maintain its dominance over the next 5 years as well. Region-wise, the southeast region is the leading demand generating region for electric motors in the U.S. Baldor Electric Company (ABB Ltd), WEG Electric Corp., Regal Beloit Corporation, NIDEC Motor Corp. (U.S Motors), Siemens Limited and General Electric Company are some of the leading players operating in the U.S. electric motors market. "United States Electric Motors Market By Type, By Application, Competition Forecast and Opportunities, 2012 – 2022" discusses the following aspects of electric motors market in the US:
- United States Electric Motors Market Size, Share & Forecast
- United States Electric Motors Segmental Analysis - By Type (AC Motors Vs. DC Motors), and By Application (Industrial, Transportation, Commercial, &7 Residential)
- Policy and Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with electric motor manufacturers, distributors, repair service providers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.