Electric Motor Market Likely to Boost Future Growth 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
for the growth...
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...
Automotive Motors Market Predictions Exhibit Massive Growth by 2025
The global Automotive Motors Market size is projected to grow from USD 20.3 billion in 2020 to USD 25.7 billion by 2025, at a CAGR of 4.8%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Rapid technological changes in the automotive industry for fuel efficient systems and governments stringent emission norms policies are likely to boost the automotive motors...
Electric Motor Market to be $169.1 Billion by 2026
According to the new market research report “Electric Motor Market by Type (AC,DC), Power Rating (<1KW,
1-2.2KW, 2.2-375 KW, >375KW), End User (Industrial, Commercial, Residential,
Transportation, and Agriculture), Rotor Type, Output Power, and Region – Global
Forecast to 2026″,published
by MarketsandMarkets™,the Electric Motor Market is expected to grow from an
estimated USD...
Protective Relay Market Size Anticipated to Reach $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and advanced...
Motor Lamination Market by Application, Material, Technology and Region – Global Forecast to 2025
The Motor Lamination Market is projected to grow at a CAGR of 5.76% from 2018 to 2025. From a market size of USD 12.6 billion in 2018, it is projected to reach USD 18.6 billion by 2025. The stringent emission regulations to be implemented in North America, Europe, and Asia Oceania along with an increasing focus on safety and comfort are expected to increase the demand for motors. Due to the requirement...