Electric Motor and Generator Market: Product development and innovation can steer the market to new heights

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An assembly of electric motor and generator also referred to as a dynamometer is a specialized type of equipment for controlling the speed of machinery. Besides being used for power and torque measurements dynamometers are used for several other functionalities, which include testbed for engine development activities.

Drivers and Restraints

The ever increasing advancement of the electrical and electronics industry is one of the primary factors driving the global electric motor and generator market. Electric appliances and electronics are equipped with electric motor and generator for operational reasons. However, factors such as the economic crisis of late and price fluctuations of electronics are holding back the market’s growth. Product development and innovation can steer the global electric motor and generator market to new heights.

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The electric motor and generator assemblies are commonly used for household appliances, which includes refrigerators, air conditioners, microwave ovens, freezers, automatic dishwashers, and other products such as computer disk drives that require a small horsepower moto,. The motor-generator assembly are either present as separate elements or as a single setup wherein rotor coils of both motor and generator are wound around a single rotor.

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Regional Outlook

The report segments the global electric motor and generator market into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. Currently, North America and Asia Pacific are the largest markets for electric motors and generators. These regions are followed by Europe and Rest of the World. In particular, the emerging economies of Asia Pacific and Rest of the World are potential hotbeds to contribute significant revenue to the global electric motor and generator market.

Major Companies Mentioned in report

Some of the leading companies in the global electric motor and generator market are Emerson Electric, Baldor Electric Co., Ingersoll-Rand, General Electric Co., and Krollmorgen Corp.

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