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...
Electric Motor Market will Escalate Rapidly in Near Future
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...
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...
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...