“Motor Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe. Motor market report offers existing driving and limiting factors, consumer behavior & trends, and scope for opportunities that can help the strategists and companies.
The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the motor market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the motor market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.
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As per the report from Industry Probe, the global motor market is anticipated to expand at an exponential rate in the near future. Increased industrial production of various equipment containing motors, along with stable economic conditions of emerging economies is anticipated to boost the motors market globally. The report has segregated the global motor market in terms of motor type, application, and region.
On the basis of motor type, the global motor market is divided into direct current (DC) motors and alternating current (AC) motors. The direct current motors segment is further sub-segmented into brush motors, brushless motors, and stepper motors. Brush motors are a diverse class of motors that are used across several industries. Operation of brushless motors involves switching current electrically using a switching element such as transistor, instead of brush and commutator.
A stepper motor operates in sync with the pulse power. This type of motor is characterized by easy operation and accurate positioning. The AC current motors segment can be further split into induction motors and synchronous motors. Induction motors are driven by the interaction of current induced in the rotor by the creation of a rotational magnetic field in the stator from an AC source. Synchronous motors, on the other hand, work by pulling the rotor pole using a rotational magnetic field created by the AC source, which causes the motor to rotate.
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