Market Overview
In the research report, Market Research Future (MRFR), emphasizes that the global electric motors market 2020 is expected to grow exponentially, securing a significant market valuation and a healthy CAGR over the review period.
Drivers and Restraints
The aspects fueling the growth of the market for household appliances for electric motors are rising demand for HVAC in the residential sector and growing household appliances’ affordability. HVAC systems improve both safety and comfort in residences. The increased demand for HVAC systems in home appliances is projected to raise demand for electric motors in residential-sector HVAC systems. Nevertheless, the selling of electric motors is growing year-on-year with home appliance demand rising. Household appliance demand is expected to lead to appliance industry growth. Companies concentrate on innovations to deliver better low-price products, resulting in aggressive competition among household appliance manufacturers to gain an advantage over their peers.
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Segmental Analysis
Regional Analysis
The geographical synopsis of the global market has been conducted in four major regions, comprising Europe, the Asia Pacific, North America, and the rest of the world.
Due to the growth of residential sectors, the increase in GDP per capita, and the rise in demand for household appliances, Asia-Pacific is expected to hold a majority of the market share during the forecast period. The rapid growth of the residential sector is expected to raise energy demand in China’s household appliances. Since electric motors are important components of household appliances, the demand for electric motors in China will increase with these developments. Residential sector growth, per capita GDP increase and household appliance demand increase are expected to drive the market for household appliances in the electric motors sector in the region. The increase in demand for refrigerators is expected to increase demand for electric motors which in household appliances are an essential component of the refrigerators. Such factors are poised to drive the growth of the Asia-Pacific household appliance market for electric motors over the forecast period.
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Competitive Synopsis
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Type Of Buyers
Continued…
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