Forschung und Entwicklung

Electric Motor Market Valued At Over US$104 Bn In 2021, Will Expand To Over 5.1% CAGR From 2021 To 2031: FMI

[300 Pages Report] The Electric Motor Market to exhibit year-on-year (YoY) growth of  4.2%  in 2021 to a total of  1.2 billion units . As per the report, demand in the DC motors segment will grow by  2.2%  to  339 million  units in 2021, while the AC Motors segment was up  5.1%  to  837  million units.

 

Global sales of  electric motors  will be valued at over  US $ 104 Bn in 2021,  with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). A new report estimates the market to expand to over  5.1% CAGR from 2021 to 2031.

Driven by increasing focus on research and development and investment in Industrial sector, the electric motor market will rise at  5.6% CAGR  between 2021 and 2031 in comparison above  3.8% CAGR  registered during 2016-2020.

To remain ‚ahead‘ of your competitors, request for a sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-2404

According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector has fueled the demand for electric motors. The market is also gaining from rapid technological advancement and the advent of industrial 4.0.

The electric motors market, however, registered a moderate decline in its sales volume in FY2020 because of the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and others wanted. Contrary to this, sections of the medical sector were not affected because of the increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed-torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture,  water treatment  plants, oil & gas sector and other industries expected to drive the electric motors market in the forecast period.

Increasing number of players are focusing on research and development related to electric motors, which are expected to contribute towards market growth in the years to come.

Key takeaways from Electric Motors Market Study

Über future Market Insights global consulting Pvt Ltd

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Firmenkontakt und Herausgeber der Meldung:

future Market Insights global consulting Pvt Ltd
616 Corporate Way, Suite 2-9018
USANY 10989 Valley Cottage
Telefon: +1 347 9183531
Telefax: +1 845 5795705
http://www.futuremarketinsights.com

Ansprechpartner:
Ankush Nikam
Senior SEO
Telefon: +1 (347) 9183531
Fax: +1 (347) 9183531
E-Mail: ankush@futuremarketinsights.com
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel