Electric Motor Market Size, Shares, Analysis, Growth And Segment Forecasts 2015 To 2022: Grand View Research, Inc

Technological advancements and the on-going innovations in the electric motor industry are expected to drive the global electric motor market over the forecast period. Surge in demand for high-efficiency electric motor is further expected to catapult market demand over the next few years. These motors offer several benefits such as low power consumption, longer life, and low maintenance cost, which are also expected to drive market growth. This is also expected to shift the demand from standard motors towards high-efficiency electric motors.
http://www.grandviewresearch.com/industry-analysis/electric-motor-market