Published on : Nov 26, 2019
Electronic vehicles have surfaced as sustainable form of transport. Demand for energy efficient products has increased which acts as a catalyst in the growth of global electronically commutated motors market. Increased awareness regarding environment preservation and rise in electronic vehicles’ demand boost the global market. Electronically commutated motors are preferred over conventional vehicles for their advantages such as energy saving, operational lifespan, user comfort and modern operations.
Global electronically commutated motors market was estimated around US$13Bn in 2018. It is anticipated to grow at ?6% CAGR in the forecast period 2019 – 2027. The market can attain a value of ?US$21.5Bn by the end of forecasts period.
An intelligence report titled, “Electronically Commutated Motors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
The electronically commutated motors market faces challenge in terms of using smart synchronous permanent magnet motors. These motors involve coil for any surge in the line which eliminates application of electronics.
HVAC expansion boosts market
Electronic consumer sectors and HVAC expansion are the two major factors that drive the global market growth. Asia pacific is the most prominent region in the market. It was evaluated to hold ?41% share of global electronically commutated market in 2018. Various factors including rapid industrialization and increasing urbanization contribute in market presence of Asia Pacific and it’s expected to maintain its dominance during the forecast period. Other prominent regions of glob al market include North America and Europe.
Major stake holders of the global electronically commutated motors market that include ABB Group, Weg Industries, Nodec Motor Corporation, Buhler Motor GmbH, Siemens and Maxon Motor AG own ?45% of the global market. There players constantly practice R&D activities. Siemens is producing energy efficient and compact models of Simogear to gain greater market penetration.
Global electronically commutated motors market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global electronically commutated motors market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global electronically commutated motors market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on electronically commutated motors.
An insightful and deep-dive assessment of the competitive assessment of the Global electronically commutated motors market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global electronically commutated motors market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global electronically commutated motors market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global electronically commutated motors market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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