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...
Global Electric Traction Motor Market Driven by Rising Investments in Electric Vehicles
New Revenue Pockets:
The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and...
Electric Traction Motor Market to Hit $22.2 billion by 2027
According to a new market research report “Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery) and Region – Global Forecast to 2027” The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an...
Increasing Demand from Industrial Automation to Drive the Global Conveyor System Market
The Global Conveyor System Market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%.
Higher adoption of customized automation processes in various end-use industries like airport, mining, retail & distribution, food & beverages, automotive etc., and rising demand for handling larger volumes of goods safely are the primary...
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....