Electric Motor Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue

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Electric motors are devices that convert electrical energy into mechanical energy and works on the basic principle of electromagnetic induction. Longer operating life, lower energy consumption, lesser maintenance and higher tolerance to fluctuating voltages have made electric motors widely being accepted in various segments like - industrial machinery, motor vehicles, household appliances, HVAC equipments (heating-ventilating-air-conditioning), aerospace, transportation, etc. Increased industrialisation and urbanisation, rising automobile sales, greater penetration of electricity, automation and technological advances are the biggest drivers of the global electric motor market. Improvements in living standards and an increase in the disposable incomes in emerging economies such as China, India and Brazil have also impacted the global electric motor sales.

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Electric motors are found in the industrial, commercial, residential, agricultural and transportation sectors. Among these sectors, the industrial sector dominates the end-use market of electric motors with applications in pumps, fans, air and liquid compression, conveyance and other forms of mechanical handling and processing. In recent years, the demand for electric motors that consume less than 0.75 kW of power has been increasing in many regions, especially in the USA, China and Europe.

IMARC’s latest study “Electric Motor Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” provides a techno-commercial roadmap for setting up an electric motor manufacturing plant. The study, which has been done by one of the world’s...