Bus Duct Market Surges Towards $16.60 Billion by 2029, Fueled by Industrial Demand
The bus duct market is expected to increase at a compound annual growth rate of 5.2% from USD 12.91 billion in 2024 to USD 16.60 billion by 2029. Growth in the market will be driven by investments in infrastructure development, urbanization, and the modernization of electrical grids, which will continue to rise in regions with high growth, particularly Asia-Pacific. Increasing energy efficiency requirements...
Surge Protection Devices Market to Soar to $3.95 billion by 2030 | With a 5.8% CAGR
According to a research report “Surge Protection Devices Market by Product (Hard-wired, Plug-in, Line Cord, Power Control Devices), by Technology (Type 1, Type 2, Type 3), by Nominal Discharge Current (Below 10kA, 10–25kA, Above 25kA), End-User, and Region – Global Forecast to 2030″, the global surge protection devices market is estimated to be valued at USD 2.98 billion in 2025...
Switchgear Market Size to Grow $136.65 billion by 2030
According to a research report “Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low, Medium, High), End User (T&D Utilities, Industries, Commercial & Residential, Data center) and Region – Global Forecast to 2030″, the global switchgear market is estimated to be valued at USD 103.71 billion in 2025...
AC Motors Market Share Expected to Reach $6.60 Billion by 2029
The global AC Motors Market Share is projected to grow from estimated USD 4.60 billion in 2024 to USD 6.60 billion by 2029, at a CAGR of 7.5% during the forecast period. Industrial growth, rapid urbanization, and increased usage in HVAC systems, water treatment, and manufacturing activities are driving the demand for AC motors. The industries located in China, India, and Japan require AC motors for...
Electric Motors Market Size to Hit $206.4 billion by 2029
The global Electric Motors Market by value, is estimated to be USD 152.2 billion in 2024 and is projected to reach USD 206.4 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. Due to the growing demand for electric motors within the global automotive, manufacturing, and renewable energy sectors, among others, the electric motor market has bloomed forth globally. All these sectors inherit...
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...
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...
Vacuum Contactor Market Size to Hit $5.5 billion by 2028
According to a research report “Vacuum Contactor Market by Voltage Rating (1-5 kV, 5.1-10 kV, 10.1-15 kV, 15.1-24 kV), Configuration, Application (Motors, Transformers, Capacitors, Reactors, Resistive Loads), End Users (Utilities, Industrial, Oil & Gas) Region – Global Forecast to 2028″ published by MarketsandMarkets, the global vacuum contactor market is estimated to be valued at...
The Switchgear Market: A Growing Industry Driven by Increasing Demand for Power Distribution and Transmission
The switchgear market is a rapidly growing industry, driven by the increasing demand for power distribution and transmission infrastructure. According to a report by MarketsandMarkets, the switchgear market is expected to grow from $90.9 billion in 2022 to $120.1 billion by 2027, at a CAGR of 5.7% during the forecast period.
Switchgear is a type of electrical equipment used in power systems to...