Energy Efficient Motor Market Size, Share, Trends, Growth & Forecast 2028

Energy Efficient Motor Market
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% during the forecast period. 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 energy savings,...

Electrifying Growth: Electric Motors Market Insights for the US Region

Electric Motors Market
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

Electric Motors Market
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

Energy Efficient Motor Market
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

Electric Motors Market
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,...

Electric Motor Market to Generate $169.1 Billion Revenue by 2026

Electric Motor Market
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...

Schlumberger (US) and National Oil Well (US) are the Major Players in the Progressing Cavity Pump Market

The global progressing cavity pump market size is projected to reach USD 5.9 billion by 2026, at a CAGR of 6.0%, from an estimated USD 4.4 billion in 2021.  The key drivers for the progressing cavity pump market include use of PCPs in enhanced oil recovery and upstream processes and Intensifying need for water & wastewater management in developed nations.   The Progressing Cavity Pump market...

Brushless DC Motor Market Likely to Boost Future Growth by 2025

Brushless DC Motor Market
The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless DC motors in HVAC, automotive, and consumer electronics applications are expected to be the key factors driving the brushless DC Motor market. The...

Energy Efficient Motor Market to See Huge Growth in Near Future

Energy Efficient Motor Market
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

Energy Efficient Motor Market
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...