- The key vendors in the global FHP motors market 2015-2019 are ABB Ltd., AMETEK Inc., Faulhaber Group and Maxon Motor AG
London, 11 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global FHP motors market 2015-2019. Development of carbon nanotube yarns is one of the key trends upcoming in the market. Carbon nanotube yarns are one of the most recent innovations to replace the copper windings in the motor, which help in providing increased motor efficiency. The global FHP motors market 2015-2019 is expected to grow at a CAGR of 6.08% during the forecast period of 2014-2019.
The global FHP motors market is expected to grow during the forecast period because of rising energy prices and increasing awareness among original equipment manufacturers and end-users about energy efficiency. Moreover, the price sensitive nature of the market is prompting vendors to differentiate themselves by offering integrated products and value-added services.
“Rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam has led to an increase in demand for household appliances and other electric motor-driven systems”says Faisal Ghaus, Vice President of Technavio Research.
“Consumers in these countries have started to adopt modern and technologically advanced household appliances to upgrade their lifestyle.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
