London, 21 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Integral Horse Power Motors Market 2014-2018, which is expected to grow at a CAGR of 7.01 percent during the period 2013-2018.
“Increased demand from the APAC region especially from China, which is the largest market for integral horsepower motors, will drive the growth of the Global Integral Horsepower Motors market,” says Faisal Ghaus, Vice President of TechNavio.
“China and India are emerging as major markets and are known for low-cost manufacturing. This is likely to drive major vendors to invest more in these countries by setting up manufacturing units.”
Key Market Drivers
- Need for Energy-efficient Motors
- Stringent Rules and Regulations
- Surge in the Services Market
Key Market Trends
- Increased R&D Investments
- Increased Demand from the APAC Region
- Increase in M&A
Key Market Vendors
- ABB Ltd.
- Emerson Electric Co.
- Johnson Electric
- Siemens
- WEG SA
To define the market circumstances 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%…
