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Article: United States: Global Electric Motors Market To Reach $39.1 Billion by 2015, According to New Report By Global Industry Analysts, Inc.(Industry overview)
- Article from:
- TendersInfo
- Article date:
- June 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Electric motor systems inclusive of electric motors, control systems, drives, mechanical loads and processes account for as much as about 65% of the total electricity consumed in any industry. World electric motors market has been positively impacted by new technologies, process automation, drive for energy conservation and improvements in productivity, safety and regulatory requirements, and replacement needs. Demand in this market is closely tied to growth patterns in the economy and levels of industrial activity as well as capital investment. The ongoing economic slowdown coupled with tighter financial credits, reduced housing and construction ...