Precision Electric Motors Market Worth USD 77.9 billion by 2023 Crystal Market Research


LAS VEGAS, Nov. 29, 2017 (GLOBE NEWSWIRE) -- The precision electric motors are high performance and advance electric motors with different fundamental features, for example, increased shelf life, minimum noise, and reduce energy cost. Additionally, the precision electric motors render simple establishment and less cost of maintenance. The precision electric motor works through the connection between the magnetic field of an electric motor and twisting current to produce force. The basic component of precision electric motors is normally a permanent magnet synchronous motor; however it can likewise be a switched reluctance motor or induction motor. Furthermore, precision electric motors offer a few favorable circumstances including increased reliability, high torque to weight ratio, increased efficiency, and general diminishment of electromagnetic interference. Found in applications as various as machine tools, power tools, blowers and pumps, industrial fans, household appliances, and disk drives, electric engines can be fueled by coordinate current (DC) sources, for example, by alternating current (AC) sources, from batteries, or motor vehicles or rectifiers, for example, from the power grid, generators or inverters. Small motors are normally present in electric watches.

Browse full research report with TOC on “Precision Electric Motors Market by Type and Application- Global Industry Analysis and Forecast to 2023” at: https://www.crystalmarketresearch.com/report/precision-electric-motors-market

Drivers and Restraints of the Market

The precision electric motors are advanced and superior electric engines with various fundamental highlights such as minimum noise, increased shelf life and reduced energy cost which is one of the major factor that influence the development of the market. Moreover, precision electric motors render various benefits including increased reliability, high torque to weight ratio, increased efficiency, and general lessening of electromagnetic interference, thereby boosting the demand. The increasing requirement for precision electric motors due to substitution of the obsolete low proficient electric engines with high effective electric engines and stringent directions on energy usage expanding vehicle creation are foreseen to boost the market globally acting as significant driving variables for the precision electric motors market. However, high introductory expense of the precision electric motor may hinder the market development in the upcoming years. However, high introductory cost of the precision electric motor might inhibit the market development in the following years. Expanding interest for industrial robots and the usage of accuracy precision electric motors in medical applications will acquire new opportunities for the market the following years.

Regional and Competitive Outlook

On the basis of type the precision electric motors market is segmented into DC brushless motors and AC brushless motors. On the basis application the market is segmented into automotive, healthcare, industrial machinery, household appliances and defense and aerospace. The leading players in the market are Nidec, Baldor Electric Company, Yaskawa Electric Corporation and Regal Beloit. Geographically, the market is segmented into Asia Pacific, North America, Europe and Rest of the world.

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The global Precision Electric Motors Market is segmented as follows-

By Type:

  • AC brushless motors
  • DC brushless motors

By Application:

  • Industrial machinery
  • Defense and aerospace
  • Automotive
  • Household appliances
  • Healthcare
  • Others

By Region

  • North America 

    o U.S
    o Canada
    o Mexico

  • Europe 

    o Germany
    o France
    o UK
    o Italy
    o Spain
    o Rest of Europe

  • Asia-Pacific 

    o Japan
    o China
    o Australia
    o India
    o South Korea
    o Rest of Asia Pacific

  • Rest of the World 

    o Brazil
    o South Africa
    o Saudi Arabia
    o United Arab Emirates
    o Others

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