An AC motor is a
rotary driving equipment, and it find its application in pump actuators and
compressors in industries such as Oil and Gas, Chemical, Power Generation, and
Automotive. Based on the power rating, AC motors are classified into low,
medium, and high-voltage AC motors.
Analysts forecast
the AC
Motors market in Europe to grow
at a CAGR of 16.59 percent over the period 2014-2018.
The report
recognizes the following companies as the key players in the European AC Motors
Market: ABB Ltd, Regal Beloit Corporation and Siemens AG.
Other Prominent
Vendors in the market are: Emerson Electric, General Electric and Yokogawa
Electric.
The entire
production line is likely to be configured with artificial intelligence, which
would allow direct access and control to affect different machinery in the
manufacturing process. These factories would require smart machinery that could
be wirelessly controlled, remotely monitored, and capable of diagnosing for
predictive maintenance.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the AC Motors market in Europe
for the period 2014-2018. The report includes the segmentation of the AC Motors
market in Europe based on products and end-users.
AC Motors Market in
Europe 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers Europe; it also covers the
landscape of the AC Motors market in Europe and its growth prospects in the
coming years. The report includes a discussion of the key vendors operating in
this market.
According to the
report, a major positive trend driving the growth of AC motors in Europe is the
EU MEPS regulation for low-voltage, multi-phase AC motors for promoting higher
operating efficiency.
Further, the report
states that low-cost products from Asian countries are flooding the European
market and the offshore movement of the customer base may become a formidable
threat to the European AC motor manufacturers.
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