Contributor: Frost & Sullivan
Frost & Sullivan’s latest research, Electric Motors Market in North America, Forecast to 2024, explores the trends and factors that will impact the electric motor industry in the United States and Canada and presents detailed market forecasts through 2024.
A recent analysis of the market for electric motors in North America forecasts that sector revenues will witness a steady growth between 2019 and 2024, increasing at a CAGR of 3.5% from $7.2 billion to $8.5 billion. The transition from electric motors and increasing automation of industrial tasks are expected to sustain the demand for electric motors in the region, despite the significant slowdown faced by traditional consumers such as the oil & gas and automotive industries.
Key questions answered in this research include:
- What will be the impact of trade uncertainties on the North American electric motors market?
- How much will the market grow from 2016 to 2024?
- Which end-user segments and applications offer bright spots for DC motors?
- Who are the top motor manufacturers in terms of revenue, and what are their market shares?
- Will the distribution structure of the market change with time?
- Are motor manufacturers ready to go it alone in supplying connected motor solutions, or do they need partnerships to take their businesses to the next level?
To learn more about Electric Motors Market in North America, Forecast to 2024, click the button above to download a preview of our analysis.
Frost & Sullivan Growth Partnership Services
The above deliverable is the latest addition to Frost & Sullivan’s Industrial Automation and Process Control research and analyses, available through the Frost & Sullivan Growth Partnership Services, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
