Global Electric Motor Sales Market to 2025: Analysis on AC, DC, and Hermetic Motors - ResearchAndMarkets.com
The "Electric Motor Sales Market Analysis By Motor Type (AC Motor, DC Motor, Hermetic Motor), By Power Output (Integral HP Output, Fractional HP Output), By Application (Industrial, Motor Vehicles, HVAC), And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
- The "Electric Motor Sales Market Analysis By Motor Type (AC Motor, DC Motor, Hermetic Motor), By Power Output (Integral HP Output, Fractional HP Output), By Application (Industrial, Motor Vehicles, HVAC), And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
- The global electric motor sales market is expected to reach USD 155.3 billion by 2025.
- Currently, the demand for electric motors is gaining traction, owing to the technological advancements and advent of better insulation materials that have improved efficiency and operational life of the motors.
- The market is further driven by the increasing demand for energy-efficient motors, which are costly as compared to conventional motors.