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Energy Efficient Motors Market Worth $91.46 Billion - 2018

Geographical split for every application, product types and end user is included in the report as the market share of different applications of energy efficient motors varies from one region to another. Aerospace & defense, residential and agriculture sectors are expected to hit in the energy efficient motors market in the coming five years.

This report describes the overall market into five major geographical segments, namely, North America, Europe, APAC (excluding Chia), China, and ROW. North America is the market leader in the overall energy efficient motors market; followed by APAC and Europe. In ROW, Middle East, and Africa are the largest contributors. The major reasons behind the growing market for the Energy Efficient Motors are the increasing problems of energy consumption, demand of efficient systems and reducing emission. North America is the major region to have dominated the Energy Efficient Motors market. APAC is expected to be the fastest growing region in the overall market of energy efficient motor. Energy Efficient Induction motors is expected to boost the growth of the energy efficient motors market.

The overall market of the energy efficient motors is expected to grow from $31.79 billion in 2012 to $91.46 billion in 2018 at a CAGR of 19.67% from 2013 to 2018.

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MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics[ http://www.marketsandmarkets.com/semiconductorand-electonics-market-research-87.html ], and telecommunications and IT.

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