US Electric Motors Market to Surpass $19 Billion by 2022
Increasing number of electric vehicles, burgeoning online
retail sector, and surging demand from end use sectors including industrial,
transportation, commercial, etc., to drive US electric motors market
According to
a recently published TechSci Research, “United States Electric Motors Market By Type, By Application,
Competition Forecast and Opportunities, 2012 – 2022”, the electric motors market in the US is projected to cross $19
billion by 2022, on account of increasing industrialization, booming infrastructural
growth, increasing power generation and rising energy requirements in the
country. Shale gas boom, growth in number of power plants and oil rigs coupled
with rapid commercialization and urbanization are also boosting demand for
electric motors in the country.
Browse 7
market data Tables and 39 Figures spread through 113 Pages and an
in-depth TOC on "United
States Electric Motors Market"
https://www.techsciresearch.com/report/united-states-electric-motors-market-by-type-ac-motors-vs-dc-motors-by-application-industrial-transportation-commercial-residential-competition-forecast-and-opportunities/965.html
Industrial,
transportation and commercial sectors are the major end users of electric
motors in the US. In the industrial sector, electric motors are used in
automation systems, pumps, mechanical movements, compressors and fans. Demand
for electric motors has also been positively influenced with the country’s manufacturing
sector witnessing a phase of recovery by having increased from USD1.97 trillion
in 2012 to USD2.18 trillion by 2016. Moreover, growing adoption of electric
vehicles in the United States is also boosting electric motors market. With anticipated
increase in the sales of electric vehicles over the next five years, demand for
electric motors
in the country is anticipated to grow at a healthy pace over the next five
years.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=965
Customers
can also request for 10% free customization on this report.
“Surging energy requirements, rapid
commercialization, growing demand for air conditioning and HVAC systems and exploration
& production activities for shale gas is boosting the demand for electric
motors in the United States. Moreover, factors such as increasing infrastructure-based
developments across the country coupled with growing demand for innovative and energy
efficient electric motors are expected to boost United States electric motors
market over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United
States Electric Motors Market By Type, By Application, Competition Forecast and
Opportunities, 2012-2022” has
evaluated the United States electric motors market and provides the statistics
and information on market structure, industry behavior and trends. The report
includes market projections and demand forecasting. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes
emerging trends for the United States electric motors market.
About TechSci Research
TechSci Research is a leading global market research firm
publishing premium
market research reports.
Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
TechSci Research specializes in research based consulting assignments in high
growth and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]