Motor manufacturing
establishments produce machines that convert electrical energy into mechanical
energy and supply motive power to devices. Some devices that use electric
motors include fans, blowers, household appliances, disk drives, batteries and
power tools.
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The global
motor manufacturing market was valued at $100 billion in 2017, and is expected
to be driven because of the introduction of new intelligent motor drive
techniques. New intelligent motor drive techniques are used for invertors and
sensor less controls. Asia Pacific was the largest geographic region in the
market, accounting for more than two-fifth of the global market share.
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China was
the largest country in the market, accounting for more than one-fifth of the
global motor manufacturing market share. China was followed by India and Japan
as the next largest countries in the market.
The top
five competitors in the market are Ametek Inc, Baldor Electric Co Inc, Franklin
Electric Co Inc, ABB Ltd, and General Electric Corporation. Ametek Inc was the
largest player in the market. Ametek, Inc. is an American global manufacturer
of electronic instruments and electromechanical devices. The company headquarters
are in the United States.
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