North America Electric Motor Market 2016-2022 – Research and Markets
May 20, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “North America Electric Motor Market (2016 – 2022)” report to their offering.
Electric motor is a machine that transforms or converts electric energy to mechanical energy. Majority of electric motors operate by the internal interaction of magnetic field and winding currents to generate force within the motor. Industrial fans, machine tools, pumps & blowers, household appliances are the major application areas of electric motor. The motor is powered by AC current (power grid, inverters or generators) or direct current (batteries, motor vehicles or rectifiers).
Manufacturing sectors in the U.S. have started shifting from gas turbines to electric motors as an alternative source of energy. Additionally, there is a technological shift in the vehicle industry showcasing a transition from a phase of traditional vehicles to electric vehicles in the North America region. Government regulation to reduce the greenhouse effect from the environment is forcing such transition. Transportation industry in the U.S. accounted for 27% of the total greenhouse emission in 2013. This would further drive the demand for electric vehicle in the region, providing ample growth opportunity for the electric motor in North America.
AC, DC and hermetic motors are the major electric motors available for end-users. Application segment of the electric motor constitutes of industrial machinery, motor vehicles, HVAC equipment, aerospace, household appliances and other commercial applications. For better understanding the market penetration of electric motor, the study is conducted in countries including U.S., Canada, Mexico and Rest of North America. Growth in automotive and pharmaceutical industry has added to the total number of manufacturing facilities operating in the North America region. As per the National Association of Manufacturers, in the most recent survey, there were 256,363 firms in the manufacturing sector in the U.S., with approximately 3,626 small scale firms (having less than 500 employees). In addition, in 2014, in the U.S. domestic production of vehicles stood at 16.5 million, compared to 15.6 million in 2013. This number increased to approximately 17.0 million by 2015.
The report covers the analysis of key stake holders of the electric motor market. Key companies profiled in the report include Baldor Electric Company, Robert Bosch GmbH, Denso Corporation, General Electric Company, Siemens AG, Brook Crompton UK Ltd., Mitsubishi Electric Corporation, ATB Austria Antriebstechnik AG, Crompton Greaves Ltd. and Hitachi, Ltd.
For more information visit http://www.researchandmarkets.com/research/ss5xvm/north_america
View source version on businesswire.com: http://www.businesswire.com/news/home/20160520005470/en/
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