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The Electric Motor And Generator Market Is Likely To Experience A Rise In The Growth And Demand In The Forecast Period 2023-2032
Motors And Generators Market
As per the electric motor and generator market report by The Business Research Company, the increasing use of household appliances is expected to contribute to the growth of the motor and generator manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization, along with several other factors, are boosting the demand for household appliances, which in turn will drive the market for motors.
The global electric motor and generator market size will grow from $124.96 billion in 2022 to $132.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric motor and generator market size is expected to grow to $159.81 billion in 2027 at a CAGR of 4.9%.
Read More On The Electric Motor And Generator Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-motor-and-generator-global-market-report
Major competitors in the electric motor and generator market include Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co., ABB Ltd., Nidec, General Electric Co., Baldor Electric Co., Danahar Motion LLC., and Kollmorgen Corp.
The electric motor and generator market is segmented -
• By Type: Motor Manufacturing, Generator Manufacturing
• By End-User: Industrial, Commercial, Residential
• By Application: Automobile, Maritime, Power Generation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Machines that transform electrical energy into mechanical energy are known as electric motors. An electric generator is a device that transforms mechanical energy into electrical energy.
The Table Of Content For The Electric Motor And Generator Market Include:
1. Executive Summary
2. Electric Motor And Generator Market Characteristics
3. Electric Motor And Generator Market Trends And Strategies
4. Electric Motor And Generator Market - Macro Economic Scenario
5. Electric Motor And Generator Market Size And Growth
6. Electric Motor And Generator Market Segmentation
……
26. Africa Electric Motor And Generator Market
27. Electric Motor And Generator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Motor And Generator Market
29. Electric Motor And Generator Market Future Outlook And Potential Analysis
30. Appendix
The "Global Electric Motor And Generator Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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