Electric Motor Market will Escalate Rapidly in Near Future

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 for...

Motor Control Centers Market to Boom with Owing to the Growing Demand for Industrial Automation

New Revenue Pockets: The global motor control centers market is expected to grow from an estimated size of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4% during the forecast period. The growing demand for industrial automation in developed regions and the increased use of electric motors are some of the factors driving the growth of the motor control centers market.  With...

Electric Motor Market Likely to Boost Future Growth 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 for the growth...

Electric Motor Market to be $169.1 Billion by 2026

Electric Motor Market
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...