Electrifying Growth: Electric Motors Market Insights for the US Region
The electric motors market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rising demand for energy-efficient motors across diverse industries such as Industrial, Commercial, Residential, Agriculture, and Transportation. Among the end use industries, Industrial is anticipated to dominate in the U.S. market due to the...
Electrification Era: Brushless DC Motor Market Spark Growth in the US
The brushless DC motor market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rapid proliferation of motor drives across diverse industries such as automotive, consumer electronics, medical devices, manufacturing, and others. Among the end use industries, automotive and consumer electronics is anticipated to dominate...
Brushless DC Motor Market worth $17.6 Billion by 2028
The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their precise speed control, low maintenance requirements, and high efficiency. Brushless DC motors offer enhanced...
Electric Motors Market worth USD 186.0 Billion by 2027
The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8%. This market is mainly driven by increasing investments in electric vehicles. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, and growing demand for electric motors in manufacturing industries are the major driving factor...
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...
Electric Motors Market worth $186.0 Billion by 2027
The
global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0
billion by 2027, at a CAGR of 6.8% according to a new report by
MarketsandMarkets™. This market is
mainly driven by increasing investments in electric vehicles and development of
manufacturing industry.
Low
voltage motors is expected to be the second largest electric motors market
By voltage,...
Marine VFD Market will Accelerate at a CAGR of Over 6.0% Between 2021-2026
The marine VFD market is expected to grow from an estimated USD 804 million in 2021 to USD 1,075 million by 2026, at a CAGR of 6.0% during the forecast period. Marine VFD are increasingly being installed across Europe and Asia Pacific region and is showing robust growth. Increasing demand of energy efficient systems on ships and move to cut down carbon emission across the globe are expected to offer...
Electric Motor Market to Generate $169.1 Billion Revenue by 2026
The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East and Asia Pacific regions along with growing use of electric motors across major industries is the driving factor...
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...