Depending on motor type, the electric motor market is categorized into AC motor, DC motor, and hermetic motor. Out of these, the AC motor category is predicted to hold the largest share in the market in the forthcoming years. This is credited to their higher speed and torque and the fact that they can operate at higher voltages in comparison to the DC and AC variants. These motors also have lower maintenance requirements than the others. Between the synchronous and induction AC motor sub-categories, the latter is currently holding the larger revenue share in the market, due to the large-scale usage of these motors in the industrial sector. Across the globe, the electric motor market is predicted to exhibit the fastest growth in Asia-Pacific (APAC) in the forthcoming years. This is ascribed to the surging requirement for electric vehicles in China, because of the implementation of strict environmental regulations and supportive government policies in the country. Get the Sample Co...