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Electric Motors Market is Expected to Cross the Size USD 188 billion till 2028 with a 6.9% CAGR - Comprehensive Professional Report by Growth Analysis, Global Demand Industry, Segmentation and Growth Rate
Based on previous market performance, the Electric Motors market is expected to reach USD 188 billion in size by 2028. With a 6.9% CAGR.Electric Motors Market Overview:
Electrical energy is converted into mechanical energy by an electric motor. The rotor, bearings, stator, air gap, windings, and commentator are among the components. AC motors are an excellent choice for robotic system manufacturers due to factors such as angular motions, torque requirements, acceleration, speed, and control.
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As the world becomes more urbanized, there is a greater need for various services, which opens up potential for the deployment of electrical motors. The increasing number of construction activities, for example, boosts the deployment of electrical motors, as motors are required for a variety of construction tasks. Similarly, demand for motors in the residential sector is increasing for a variety of home applications.
Based on our expert's analysis the players that are leading the market includes: ABB, ARC Systems Inc., Denso Corporation, Emerson Electric Co., Johnson Electric Holdings Limited, Maxon, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation, Inc., and Siemens. and Others.
The whole market is segmented as follows:
Electric Motors Market by Motor Type, 2019-2028, (In USD Million)
AC Motor
DC Motor
Electric Motors Market by Output Power, 2019-2028, (IN USD Million)
Integral Horsepower Output
Fractional Horsepower Output
Electric Motors Market by Application, 2019-2028, (In USD Million)
Industrial
HVAC
Medical Equipment
Industrial Machinery
Home Appliances
Others
Industry Developments:
In April 2021 - Turbo Power Systems has formed a new cooperation with Statcon Energiaa (SE), a power electronics manufacturer based in India. The partnership is expected to broaden two businesses' experience in the research, manufacturing, and marketing of power electronics products for the energy, rail, and defence markets.
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Electric Motors Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Electric Motors Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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