One of the key drivers for the growth of Electric motors market is the increasing adoption of electric motors in the industrial machinery along with household appliances. The increase in need of more efficient electric motors for achieving efficiency in usage of energy along with cost effectiveness is driving the growth of the market. The electric motors are used in agricultural equipment. The growth of the agricultural sector and the increase in use of motor operated equipment in the ... Read more
The global Electric motors market will be driven by the increasing applications and the huge installations of electric motors in marine, oil and gas, energy and power and other industries. These industries are dependent on use of machines which require constant power supply. The industrial machines supply power and in turn, drive the electric motors market. The policy makers are focusing on public transit infrastructure, with very less pollution for ... Read more
The global demand for electric motors market is expected to grow at a CAGR of 6.2%, accelerating over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a comprehensive study. Electric motors are key components in various durable goods, HVAC applications, compressors, machine tools, electric cars, power tools, and automated robots.
One of the key drivers for the growth of Electric motors market is the increasing adoption of electric motors in the industrial ... Read more