Research and Markets: Global Induction Motor Market Report 2015-2019
September 22, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/89td8f/global_induction) has announced the addition of the “Global Induction Motor Market 2015-2019” report to their offering.
The global induction motor market to grow at a CAGR of 12.35% over the period 2015-2019.
This report covers the present scenario and the growth prospects of the global induction motor market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of induction motors by the commercial, residential and Industrial end users segments.
The invention of motors or more precisely, electric motors, is one of the major achievements in the field of technology and engineering. The advent of motors helped the world move from being manual to a highly mechanized one. Since then the world has come a long way from utilizing electric power to glow bulbs to converting electrical energy to run various mechanical machinery.
One major trend in this market is adoption of Energy-efficient Motors. Stringent electricity consumption standards and the increasing price of electricity are fostering the increasing demand for energy-efficient electric induction motors globally. Vendors all across the world are also facing the implementation of various design and manufacturing standards and regulations on the manufacture of energy-efficient induction electric motors.
According to the report, one key driver of this market is the increased need for energy efficiency. Energy management is considered to be one of most effective methods to reduce the energy usage in the residential sector. There are various processes involved in HEM, including recording, normalizing, analyzing, targeting, monitoring, reporting, and controlling.
Further, the report states that one of the major challenges is highly fragmented market. The market is highly fragmented, with intense rivalry among local and international vendors. Many major vendors are finding it hard to contend with low-cost manufacturers from China. The low entry barrier has made the market even more competitive.
Key Vendors
– ABB
– Ametek
– Emerson Electric
– Siemens
– WEG
Other Prominent Vendors
– Baldor Electric
– Brook Crompton UK
– Danaher Motion
– Faulhaber Group
– Johnson Electric Holdings
– Maxon Motor
– Regal Beloit
– Siemens
For more information visit http://www.researchandmarkets.com/research/89td8f/global_induction
View source version on businesswire.com: http://www.businesswire.com/news/home/20150922006262/en/
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