Energy Efficient Motor Market Share Expected to Reach $59.3 Billion by 2028
The global Energy Efficient Motor Market Share will grow to USD 59.3 Billion by 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...
AC Electric Motor Sales in Oil & Gas Market: Comprehensive Insights and Scope 2018 to 2023.
The global AC electric motor sales in oil & gas market is projected to reach USD 13.2 billion by 2023, at a CAGR of 4.62% from 2018 to 2023. The study involved 4 major activities in estimating the current size for the AC electric motor sales in oil & gas market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these...