Tag: 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 […]

The global electric motor market reached a value of US$ 122.2 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years. An electric motor is an electro-mechanical device that works on the […]

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 […]

Electric vehicles can be of great help in this regard, which is why their adoption is increasing. A major component of an electric vehicle is an electric motor, therefore, their demand is also increasing with the rising adoption of electric […]