Electric motors are the
horsepower of industrial energy consumption. Though the market for electric
motors has started to mature off across the globe, increasing adoption of green
vehicles continues to propel the market especially in the US. During the recent
past years the market has witnessed the launch of products with significant
technological advancements which primarily aim for containing energy loss and
reducing noise during the operation of the motors. The adoption of electric
cars and increasing awareness of green energy fueled by different government
initiatives to reduce carbon emission is paving the way for premium motors.
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These premium motors are
different from traditional motors in terms of higher operating life, low levels
energy consumption, low cost of maintenance, and high tolerance limit for containing
fluctuating voltages. The long-term benefits in terms of generating clean
energy enabled by premium motors driving the initial high cost of these premium
motors. The mounting number of electric cars in the US offered a boost to the
global electric motors market.
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The rise of electric motor-driven
vehicles have replaced gasoline-powered vehicles across the US. Telsa, a global
manufacturing major has launched an electric car in North American region and is
planning to enter the European market with the recent electric cars. Recently,
Brushless DC (BLDC) motors have witnessed a rapid adoption across the market over
a broad range of motion control applications and the benefits they have over
traditional brushed ones such as low maintenance,
enhanced operating speeds, less
electrical noise, better torque-to-weight ratios, among many others.
Recently, Big Market Research has
added a report titled “World Electric Motors Market - Opportunities and
Forecasts, 2014 - 2020)” which offers industry insights on the current and
future market trends and technological innovations brought about by key market
players. North America is the primary end user market for premium motors that find
applications in electric cars, industrial and HVAC equipments.
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