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Electric Motors Drugs Market Research Report , Key Insights , Growth Strategies, Major Players Forecast To 2026
Electric Motors Market
The regions covered in the electric motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest electric motor market share.
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The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. These include components such as rotor, bearings, stator, air gap, windings, and commutator. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots.
Key competitors in the electric motor market include ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., and Baldor Electric Company, Inc.
The global electric motors market size is expected to grow from $91.86 billion in 2021 to $93.82 billion in 2022 at a compound annual growth rate (CAGR) of 2.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric motor manufacturing market is expected to reach $93.85 billion in 2026 at a CAGR of 0.01%.
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TBRC's report segments the global electric motor market:
1) By Type: Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor
2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP)
3) By Voltage Range: 9 V and Below, 10-20 V, 21-60 V, 60 V and Above
4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace and Transportation, Household Appliances, Other Commercial Applications
5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)
Read Further On The Electric Motor Market Here:
https://www.thebusinessresearchcompany.com/report/electric-motors-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Electric Motors Market Characteristics
3. Electric Motors Market Trends And Strategies
4. Impact Of COVID-19 On Electric Motors
5. Electric Motors Market Size And Growth
.....
27. Electric Motors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Motors Market
29. Electric Motors Market Future Outlook and Potential Analysis
30. Appendix
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