Electric Motor and Generator Market Is Projected To Gain Significant Value By 2024
Global Electric Motor and Generator Market: Overview
An assembly of electric motor and generator also referred to as a dynamometer is a specialized type of equipment for controlling the speed of machinery. Besides being used for power and torque measurements dynamometers are used for several other functionalities, which include testbed for engine development activities. For instance, dynamometers are used for standard emissions testing cycles, as defined by the U.S. Environmental Protection Agency.
The electric motor and generator assemblies are commonly used for household appliances, which includes refrigerators, air conditioners, microwave ovens, freezers, automatic dishwashers, and other products such as computer disk drives that require a small horsepower motor,. The motor-generator assembly are either present as separate elements or as a single setup wherein rotor coils of both motor and generator are wound around a single rotor.
The report presents an in-depth analysis of the various market indicators, technological developments, and growth trends that are important to understand the progression of the global electric motor and generator market from 2016 to 2024. The research report analyzes the past and current performance of the market based on which projections are included herein. This includes market size values and analysis of the various segments in the past, which are used to present forecasts for the study period.
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The report is presented after an extensive research phase followed by insightful inputs received from industry experts. The report is compiled in a chapter-wise format, which is further divided into sub-sections that discusses a specific aspect of the market at length.
The report studies the global electric motor and generator market from a competitive viewpoint as well. This includes the current competitive structure of the market and analysis of the various factors that will change the competitive hierarchy until the end of the forecast period. The leading companies operating in this market are profiled for their competitive attributes of business positioning, product portfolio and specification, recent developments, financial standing, and SWOTs. The report also presents the indicators of strengths, weakness, opportunities, and threats of the global motor and generator market until the end of the forecast period in 2024. The analysis presented in the report helps existing and new players leverage gainful opportunities, which will help change the traditional market dynamics.
Global Electric Motor and Generator Market: Drivers and Restraints
The ever increasing advancement of the electrical and electronics industry is one of the primary factors driving the global electric motor and generator market. Electric appliances and electronics are equipped with electric motor and generator for operational reasons. However, factors such as the economic crisis of late and price fluctuations of electronics are holding back the market’s growth. Product development and innovation can steer the global electric motor and generator market to new heights.
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Global Electric Motor and Generator Market: Regional Outlook
The report segments the global electric motor and generator market into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. Currently, North America and Asia Pacific are the largest markets for electric motors and generators. These regions are followed by Europe and Rest of the World. In particular, the emerging economies of Asia Pacific and Rest of the World are potential hotbeds to contribute significant revenue to the global electric motor and generator market.
Major Companies Mentioned in report
Some of the leading companies in the global electric motor and generator market are Emerson Electric, Baldor Electric Co., Ingersoll-Rand, General Electric Co., and Krollmorgen Corp.
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