Electric motors are mainly used for the conversion of electrical energy into mechanical energy which can be used in the range of residential, commercial and industrial systems. These motors are most commonly used in fans, pumps, compressors, refrigerators, elevators, vacuum cleaners, and several other systems. The market of electric motors is expected to grow at a slower pace in North American and European region. The demand for electric motors is expected to rise due to the replacement of ... Read more
Electric motors are mainly used for the conversion of electrical energy into mechanical energy which can be used in the range of residential, commercial and industrial systems. These motors are most commonly used in fans, pumps, compressors, refrigerators, elevators, vacuum cleaners, and several other systems. The market of electric motors is expected to grow at a slower pace in North American and European region. The demand for electric motors is expected to rise due to the replacement of ... Read more
Electric motors are mainly used for the conversion of electrical energy into mechanical energy which can be used in the range of residential, commercial and industrial systems. These motors are most commonly used in fans, pumps, compressors, refrigerators, elevators, vacuum cleaners, and several other systems. The market of electric motors is expected to grow at a slower pace in North American and European region. The demand for electric motors is expected to rise due to the ... Read more
According to a new report Global Electric Motor Market, published by KBV research, The Global Electric Motor Market size is expected to reach $175.5 billion by 2024, rising at a market growth of 7.4% CAGR during the forecast period.
The North America market would grow at a CAGR of 6.7 % during the forecast period. The Europe market is expected to witness a CAGR of 7.1% during (2018-2024). ... Read more
TheBusinessResearchCompany published its Electric Motors Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global electric motors market. The report covers the electric motors market’s segments- alternate current (AC) motor; direct current (DC) motor; hermetic motor; integral horsepower (IHP); fractional horsepower (FHP); 9v & below; 10-20 v; 21-60 v; 60 v and above; industrial machinery; motor ... Read more
According to the recent study the electric motor market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increase in demand for heating, ventilation, and air conditioning (HVAC) systems along with favourable regulatory norms for electric vehicles, and rising ... Read more
A) Market Overview:
The global electric motor market is projected to reach a value of US$ 346.6 Billion By 2022, growing at a CAGR of 6.9% during the forecast period of 2022-2030. Electric motors are widely used in various industries, including automotive, aerospace, and industrial machinery, among others. These motors offer numerous advantages such as improved efficiency, reduced energy consumption, and lower maintenance costs. The increasing demand ... Read more
Electric motors find applications across multiple industries owing to their reliability and durability. Some key advantages of electric motors include ease of operation, low maintenance requirements, noiseless operation, and high energy efficiency. They offer a viable solution for power transmission in industrial machinery, home appliances, HVAC equipment, and other automotive components.
The global Electric Motor Market is estimated to be valued at ... Read more
The electric motor is an electromechanical device that converts electrical energy into rotational mechanical energy. Electric motors are the conversion machines that power a wide variety of household and industrial tools, machinery, equipment, and many other applications. They are available in different types including AC (alternating current) and DC (direct current) motors and rated based on their horsepower and speed. The demand for electric motors is driven by growing ... Read more
According to the recent study the electric motor market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increase in demand for heating, ventilation, and air conditioning (HVAC) systems along with favourable regulatory norms for electric vehicles, and rising awareness ... Read more
