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(I-AutoNewsWire.com, September 25, 2018 ) Industry Outlook and Trend Analysis The Precision Electric Motors Market was worth USD 26.10 billion in the year 2014 and is expected to reach approximately USD 77.9 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.92% during the forecast period. The precision electric motors are enhanced and superior electric engines with different fundamental highlights, for example, increased shelf life, minimum noise, and reduced energy cost. Additionally, the precision electric motors provide simple establishment and less support cost. The precision electric motor works through the cooperation between an electric engines magnetic field and twisting current to create drive. The structural component of precision electric motors is commonly a lasting magnet synchronous engine, yet can likewise be an enlistment engine or exchanged reluctance engine. Moreover, precision electric motors render various benefits including increased reliability, high torque to weight ratio, increased efficiency, and general lessening of electromagnetic interference. The rising requirement for precision electric motors because of substitution of the obsolete low proficient electric engines with high effective electric engines, expanding vehicle creation, and stringent directions on energy usage are anticipated to help the market globally acting as significant driving variables for the precision electric motors market. Nonetheless, high introductory cost of the precision electric motor may hamper the market development sooner rather than later.
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Motor Type Outlook and Trend Analysis On the basis of motor type, the precision electric motors market is divided into AC brushless motors and DC brushless motors. Among these, DC brushless motors can be controlled by making the use of basic switching commutation logic, while AC brushless motors are controlled by means of complex calculations requiring numerical abilities. In 2014, DC brushless engines held the greatest share of US21.2 billion in the market based on revenue and are foreseen to keep up their predominance in the figure time frame. The reason behind the strength of DC brushless motors is their expanding application in chassis and powertrains inside cars.
Application Outlook and Trend Analysis On the basis of application, the precision electric motors market is sectioned into automotive, healthcare, household appliances, defense and aerospace, industrial machinery, and others. In 2013, In terms of revenue, the industrial machinery fragment represented to an offer of 25 percent in the market for precision electric motors. This fragment likewise held the biggest share in the market in 2014 and remained at a valuation of US6.7 billion. The prevalence of this portion is ascribed over the rising assembling of industrial machinery, especially in the developing countries of China, Brazil, and Russia, among others.
Regional Outlook and Trend Analysis Geographically, the market is sectioned into Asia Pacific, North America, Europe, and Rest of the World (RoW). Among these, in 2014, Asia Pacific accounted for the greatest offer in the market and is the most quickly creating market for precision electric motors. It is anticipated to keep up its prevalence in the upcoming years. This area has encountered exponential development in the precision electric motors market attributable to expanding industrialization in nations, for example, Malaysia, India, Indonesia, and China, among others. Furthermore, the rising dispensable incomes of purchasers in these nations have likewise helped increment the interest for precision electric motors inside the Asia Pacific locale.
Competitive Insights The leading players in the market are Baldor Electric Company, Regal Beloit, Yaskawa Electric Corporation and Nidec among others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The global Precision Electric Motors Market is segmented as follows-
By Type: AC brushless motors DC brushless motors
By Application: Industrial machinery Defense and aerospace Automotive Household appliances Healthcare Others
By Region North America U.S Canada Mexico Europe Germany France UK Italy Spain Rest of Europe Asia-Pacific Japan China Australia India South Korea Rest of Asia Pacific Rest of the World Brazil South Africa Saudi Arabia United Arab Emirates Others
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Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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