The North America Electric Motors Market is expected to grow by US$ 2.49 billion during 2020-2026, progressing at a CAGR of 5.4% during the forecast period.

This industry report offers market estimates and forecasts of the North America market, followed by a detailed analysis of the product types, applications, technology, and countries. The North America market data on electric motors can be segmented by product types: low voltage fraction horsepower motors, low-voltage integral horsepower motors, and medium-voltage integral horsepower motors. The low-voltage integral horsepower motors segment held the largest market share of 66.3% in 2019. Moreover, it is expected to witness the highest CAGR during the forecast period. Electric motors market is further segmented by applications: chemicals, food & beverage, gardening, heating, ventilation and air conditioning (HVAC), mining, oil & gas, power, traction, and water treatment. In 2019, the oil & gas segment held the largest share of the market, and the traction segment is anticipated to register the highest CAGR during 20202026. Based on technology, the electric motors market is segmented into: alternating current (AC) induction motor, brushed direct current (DC) motor, brushless direct current (DC) motor, other synchronous alternating current (AC) motor, permanent magnet alternating current (AC) motor, reluctance alternating current (AC) motor, and servo & stepper motor.

The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.

The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as USA, and Canada the report is a valuable asset for the existing players, new entrants and the future investors.

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