Global Electric Motor Market (Motor Types, Applications, Output Power, Geography) - Size, Share, Global Trends, Demand, Analysis, Segmentation and Forecast, 2012 - 2020
Electric motors convert electronic energy into mechanical energy for various applications. The global electric components and equipments market was projected to have market share of $103 billion in 2012 and is expected to grow at a CAGR of around 7% for the next five years. Electric motors are energy efficient and they address the growing demand of energy conservation, which is one of the key drivers for the growth of the electric motor market. Energy conservation would increase the demand...
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