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Global electric engine market To Register Outstanding Growth By 2026 | GE, YASA Limited, ABB, Arc Systems Inc, Brook Crompton UK Ltd, DENSO Corporation

Global electric engine market

Market analysis and market segmentation have been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. When the report is accompanied with the right tools and technology, it helps tackle a number of uncertain challenges for the business. It also provides businesses with the company profile, product specifications, production value, contact information of manufacturer and market shares for the company.

Global electric engine market is set to witness a substantial CAGR of 5.82% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for superior machine control in automotive industry and rising concern to reduce energy consumption and pollution are the factor for the growth of this market. Leading Key Players of Electric Engine Market are global electric engine market are GE, YASA Limited, ABB, Arc Systems Inc, Brook Crompton UK Ltd, DENSO Corporation., FAULHABER Group, Zytek Group Limited, Magneti Marelli S.p.A, Torqeedo GmbH, PEEI, Oceanvolt, Elaphe Ltd., Johnson Electric Holdings Limited, BorgWarner Inc., Portescap, Lafert SpA, Brose Fahrzeugteile GmbH & Co. KG, Amber Group India., Kisankraft and others.

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Electric engine is a machine which is specially designed so that they can convert the electrical energy into mechanical energy. They are usually powered by alternating current sources or direct current sources. Motor or engine is a device which is used to create rotational forces. These electric engine are widely used in applications such as household, aerospace and transportation, motor vehicles, industrial machinery and others. They are available in different voltage range as per the need and requirement.

Recent Industry Developments

In December 2017, Schaeffler announced that they have acquired the remaining 49% of the company compact dynamics. This acquisition is the part of the company’s new strategy Mobility for tomorrow and will also help the company to expand their product portfolio. With the new technologies, the company will be able to create more effective products for their customer

In January 2017, Nidec Corporation announced the acquisition of Emerson Electric Co, so that they can expand their commercial and industrial business. The company will be able to combine the technologies of both the company and will create products to meet the need and requirement of the both the customers. This will enhance their product portfolio and strengthen their position in the market

Market Drivers and Restraints:

Rapid urbanization and industrialization will drive market

Increasing adoption of motor driven electric vehicle will also propel the growth

Rising disposable income will also drive market

Growing demand from industrial and electrical sector will also contribute as a factor for the market

High cost of the engine will restrain the market

Lack of awareness about the benefits of smart motors will also hinder growth

Competitive Analysis

Global electric engine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric engine market for global, Europe, North America, Asia-Pacific and South America.

Key Market Segmentation of Electric Engine Market

By Motor Type

Alternate Current (AC) Motor

Alternate Current (AC) Motor

Hermetic Motor

By Output Power

Integral Horsepower Output

Fractional Horsepower Output

By Voltage Range

9V & Below

10-20V

21-60V

60V & Above

By Application

Industrial Machinery

Motor Vehicles

Heating, ventilating, and cooling (HVAC) equipment

Aerospace & transportation

Household appliances

Other Commercial Application

By Speed

Low-Speed Electric Motors

Medium-Speed Electric Motors

High-Speed Electric Motors

Ultrahigh-Speed Electric Motors

By Geography

North America

Europe

Asia-Pacific

South America

Middle East and Africa

Get Detailed TOC at https://databridgemarketresearch.com/toc/?dbmr=global-electric-engine-market

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