You are Not Aware about this Interesting Facts About Electric Motor Sales Market

The report "Electric Motor Sales Market by Type (AC and DC), Voltage ( 6.6 kV), Output Power ( 1 hp), End-User (Industrial, Commercial, Residential, Transportation, and Agriculture), and Region - Global Forecast to 2021", The electric motor sales market is expected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors across major industries, growing agricultural sector, and transition toward energy-efficient motors are the major factors driving the electric motor sales market across the globe.

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AC motors would dominate the global electric motor sales market

The electric motor sales market in this report has been classified based on type into the following segments, namely, AC & DC motors. The AC motors segment dominated the electric motor sales market in 2016. With the growing demand for AC motors in various industries such as paper & pulp, cement, wastewater treatment and chemicals, the AC motors market is expected to grow during the forecast period. Hence, the market size of the AC motors segment is the largest.

6.6 kV (high), 1 kV–6.6 kV (medium), and

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