The Global Motor And Generator Manufacturing Market
Posted by praneeth on July 4th, 2018
Motor and generator manufacturing companies manufacture electric motors, power generators and motor generator sets. This industry does not include companies manufacturing internal combustion engine starting motors, power generators and motor generator sets. This industry also includes establishments rewinding armatures on a factory basis.
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The motor and generator manufacturing market is valued at nearly USD 117 billion in 2017 due to the high demand from the end user’s industries and emerging markets.Asia Pacific was the largest region in the motor and generator manufacturing in 2017, accounting for near about half of the market share.
The motor and generator manufacturing market in The Business Research Company’s report is divided into two segments. Motor manufacturing segment was the largest segment with more than four-fifth of share of the market and generator manufacturing segment took up the remaining one-fifth share of market.
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China was the largest country in the motor and generator manufacturing market in 2017, accounting for more than one-fifth of the global market share. This was mainly due to high demand for motors and generators from machinery manufacturing industries of the country.
The top five competitors of the market are Nidec Corporation, ABB Ltd, Siemens, ASMO Co., Ltd, and Rockwell Automation Inc. Nidec Corporation was the biggest player in the market in 2017. It is a manufacturers of electric motors that are used in hard-disk drives, electric appliances, automobiles, and commercial and manufacturing equipment. The company is headquartered in Japan.
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About the Authorpraneeth
Joined: June 6th, 2018
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