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.