Energy Efficient Motor Market worth $59.3 Billion by 2028
The global Energy Efficient Motor Market is projected to reach USD 59.3 billion in 2028 from USD 41.7 billion in 2023 at a CAGR of 7.3% according to a new report by MarketsandMarkets™. An energy efficient motor is a type of electric motor that is designed to consume less electrical energy while providing the same level of output as a standard motor. Energy-efficient motors help achieve significant...
Cryogenic Pump Market Is Booming Worldwide with Atlas Copco AB, EBARA CORPORATION, SHI Cryogenics Group
Due to the rising demand for liquefied natural gas (LNG) and the increased usage of cryogenic technology in the healthcare and food industries, the cryogenic pump industry is expected to experience considerable expansion over the next few years. The rise in demand for cryogenic pumps from the energy & power industry, especially the oil & gas sector, is the primary driver of market growth....
Variable Frequency Drive Market Towards Huge Growth in the Coming Years
New Revenue Pockets:
The global variable frequency drive market is expected to grow at a CAGR of 4.8% to USD 26.8 billion by 2027, up from an estimated USD 21.2 billion in 2022. The increasing power generation worldwide fueling the demand for global Variable frequency drive.
Various types of variable frequency drives are available in the market that can be customized according to the requirement...
Industrial Demand Creating Positive Outlook for Industrial Air Compressor Market
The global industrial air compressor market is projected to reach USD 42.9 billion by 2026 from an estimated USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. The global industrial air compressor market is driven by the rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages...
Energy Efficient Motor Market to See Huge Growth in Near Future
The global energy
efficient motor market is projected to reach USD 41.6 billion by 2023 from
USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major
factors driving the growth of the energy-efficient motor market are energy
savings and the subsequent cost over traditional motors, increasing
governmental support worldwide towards the adoption of energy-efficient motors,
rising...
Energy Efficient Motor Market Size to Reach $41.6 Billion by 2023
The global energy-efficient
motor market is projected to reach USD 41.6 billion by 2023 from USD 30.3
billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors
driving the growth of the energy-efficient motor market are energy savings and
the subsequent cost over traditional motors, increasing governmental support
worldwide towards the adoption of energy-efficient motors, rising...
Energy Efficient Motor Market Size to Reach $41.57 Billion by 2023
The global Energy
Efficient Motor Market is projected to reach USD 41.6 billion by 2023 from
USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major
factors driving the growth of the energy efficient motor market are energy
savings and the subsequent cost over traditional motors, increasing
governmental support worldwide towards the adoption of energy efficient motors,
rising...
Researchers Predict Strong Growth for AC Drives Market in the Near Future
The alternate current (AC) drive is an electronic device used for controlling the speed of an electric motor by varying the voltage, frequency, and magnetic flux in a motor circuit. It helps in saving energy, enhances efficiency of the system, and reduces motor wear. Moreover, its ease of use, less maintenance, and increasing motor applications across the globe is also boosting the demand for AC drives....