Electric Motor Market: Overview Electric motor has been an integral part of various machineries such as heating equipment, refrigerator, cooling equipment (HVAC), water pumps, and others. Hence, it is widely used in multiple industry verticals such as motor vehicles, home appliance, and industrial machinery among others. Further innovations in motors have increased the operational insulation, safety, and functionalities of motors. As a result, electric motors have been adopted in different industries. This, in turn, is enhancing the growth in electric motor market. Further, growing concerns pertaining to energy consumption and impact of generation of energy using conventional energy source are driving demand for electric motors. Rising demand for efficient energy is resulting in expansion of electric motor market in coming years. On the other hand, lack of awareness about usage of electric motor is limiting its use in small and medium enterprises. Consequently, grow...