Precision electric motor market on the rise

A precision electric motor. -Solcon photo

A precision electric motor. -Solcon photo

Who doesn’t love in-depth market analysis? This particular forecast may brighten the day of precision motor manufacturers and distributors. According to market research firm Report Buyer, the demand for precision electric motors (brushless) is expected to rise due to the replacement of out-dated low efficient electric motors with highly efficient precision electric motors. In addition, the stringent energy consumption regulations and environment protection acts are the major factors that are driving the precision electric motors (brushless) market globally.

Don’t get too excited though. The report also predicted that the market of precision electric motors (brushless) is expected to grow at a slower pace in North America and Europe. The report goes on to state that the growth of this market is “primarily attributed to positive economic outlook and growing manufacturing industries in China, India, South Korea, Indonesia and several other countries in Asia-Pacific. The demand for electric motors is rapidly shifting from standard efficient electric motors to high and premium efficiency motors. This shift in trend is directly contributing to revenue growth of precision electric motors (brushless) manufacturers.”

Click here to download the full report.

-Bill O’Leary

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