Global Electric Motor Market 2015-2019 Market Size and Share Published in 2015-05-20 Available for US$ 3000 at Researchmoz.us The advent of motors has helped the world move from being manual to a highly mechanized one. Right from household appliances to industrial machinery, currently everything runs on electric motors. The market is expected to grow further due to the widespread adoption of electric vehicles among people in various countries. Electric motors can be segmented into different types based on either their output power or on the basis of their type. The most widely used electric motors are FHP based on output power and AC motors based on type of electric motors. Electric motors are now being widely incorporated into electric vehicles. Also, there is a huge demand for electric motors from the HVAC industry; a whole lot of HVAC appliances incorporate electric motors for efficient operation. The global electric motor market to grow at a CAGR of 6.30% over the period 2015-20
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