Press Release

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.

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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, 2012-2022has 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.

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United States Electric Motors Market By Type (AC Motors Vs. DC Motors), By Application (Industrial, Transportation, Commercial, & Residential), Competition Forecast and Opportunities, 2012 – 2022

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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

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