The precision electric motors market was valued at US$47.849 billion in 2017 and is projected to expand at a CAGR of 9.88% over the forecast period to reach US$84.213 billion by 2023. Precision electric motors are high performance motors which increase the shelf life and improve the overall efficiency. The ability of these motors to deliver efficient and effective performance has led to its increased adoption in vehicles, defense, and aerospace equipment, and home appliances among others which is leading to the growth of the precision electric motor market.
The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments that have been covered as part of the report.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides industry regulation as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of precision electric motors. Complete industry analysis has also been covered through Porterâs five forces model as a part of this report section.
The segmentation for precision electric motors market has been done as follows:
AC Brushless Motors
DC Brushless Motors
Middle East and Africa
Key industry players profiled as part of the report are:
Allied Motion Technologies
Maxon Motor AG
List is not exhaustive*