Market Research Report
North America Electric Motor Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||910180|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|North America Electric Motor Market Forecast 2019-2027|
|Published: September 6, 2019||Content info: 90 Pages||
The North America electric motor market is expected to project a CAGR of 6.43% in terms of volume and 5.32% in terms of revenue during the forecast period. It is the largest market with regards to revenue. The increasing utilization of AC motors across industrial applications, increasing manufacturing units, rising demand for energy-efficient motors, etc. are the factors driving the North America market.
The North America market is assessed on the basis of markets across the regions such as the United States and Canada. The rise in awareness about efficient energy use is propelling market growth. The United States market takes center stage in the North American region as a result of the electric motor market, the largest aerospace industry, presence of the automotive market, and significant developments in various end-user industries. The inventions with regards to configuration and customization, by the companies in the US and Canada market, is influencing the growth of the market, along with the manufacturing sectors contributing in a significant manner.
Arc Systems Inc., Abb Group, Emerson Electric Co., Denso Corporation, Ametek Inc., Faulhaber, Allied Motion Technologies, Inc., Brook Crompton UK Ltd. (Subsidiary Brook Crompton Holdings) are some of the major players in the North America electric motor market.