The global electric motor sales market size was valued at USD 142.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. An increase in awareness regarding green vehicles among customers has been a key factor driving the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is expected to provide a fillip to the market.
The demand for energy-efficient motors is driven by rising electricity prices and stringent electricity consumption standards. Additionally, stringent manufacturing and designing standards for improving their efficiency are further mandating manufacturers to develop efficient products. The market is gradually shifting towards the adoption of efficient motorized systems. However, lack of awareness about their advantages and high initial purchase cost is keeping the market from realizing its utmost potential.
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Key Player Mentioned:
· Baldor Electric Company, Inc.
· Ametek Inc.
· Franklin Electric Co., Inc.
· Asmo Co., Ltd.
Electric motors are extensively used in heavy industrial equipment as well as agricultural types of machinery and vehicles. Countries, including Brazil, Vietnam, Sri Lanka, Argentina, and India, have a substantial population relying on agriculture. Therefore, the demand for low-cost and energy-efficient products has increased in these countries. The HVAC equipment, such as commercial and industrial air conditioners, rely heavily on electric motors.
Product Segment Analysis:
· AC Motor
· DC Motor
Application Segment Analysis:
· Industrial Machinery
· Motor Vehicles
· HVAC Equipment
· Aerospace & Transportation
· Household Appliances
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Regional Segment Analysis:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
The market comprises several small and large-sized players worldwide. Companies are increasingly focusing on research and development projects to increase the efficiency of their offerings. Intense competition has led manufacturers to invest in product developments to serve customers’ requirements better. The companies, through R&D efforts and continuous innovation, are also endeavoring to develop premium quality and high-value products at an optimum cost to gain a competitive edge in the price-sensitive market.
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
Good Reasons to Buy a Global Electric Motor Sales Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
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· Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Industrial Packaging Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
The detailed overview of the market segments, product description, Industrial Packaging applications is presented in this report.
At present, the market is developing its presence and some of the key players from the complete study are Amcor plc, AmeriGlobe L.L.C., BAG Corp., Bemis Company, Inc., Cascades inc., Greif, International Paper., BWAY Corporation, Mondi, NEFAB GROUP, Orora Packaging Australia Pty Ltd, SCHÜTZ GmbH & Co. KGaA, Sigma Plastics Group, Smurfit Kappa, Sonoco Products Company, WestRock Company, Industrial Packaging, DuPont de Nemours, Inc, IPS Packaging., Esterindustries.com., AMD Industries Limited, and DS Smith.
The industrial packaging market is expected to witness market growth at a rate of 4.80% in the forecast period of 2021 to 2028 and is expected to reach USD 84.6 billion by 2028.
Some of the common type of the industrial packaging is crates, protective films, Drums, pails and corrugated boxes.
Request Sample of Industrial Packaging Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-industrial-packaging-market A large-scale Industrial Packaging Market report delivers a comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market.
2 April 2020: Global Electric Motor Sales Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The Electric Motor Sales Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Electric Motor Sales Business, Market Share of Product, Application and Regional Scope of Electric Motor Sales which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
The key players profiled in the Electric Motor Sales market report are Siemens AG, ABB Ltd., General Electric Company, Denso Corporation, Nidec Corporation, Allied Motion Technologies, Inc., Bosch Group, Ametek, Inc., Emerson Electric Co., Johnson Electric Holdings Limited.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/electric-motor-market/request-sample Global Electric Motor Sales Market is anticipated to reach USD 155.3 billion by 2025.
Electric motors are extensively used in compressors, industrial fans, pumps, machine tools, domestic appliances, automated robots, lathe machines, HVAC applications, power tools, disk drives, and electric cars.
The factors that propel the growth of the Electric Motor Sales industry include growing demand for automobile production and power utilities along with the increase in residential and commercial infrastructure development, particularly in the emerging countries.
The global medical oxygen concentrators market size is expected to enlarge during the forecast period, 2019 – 2026.
Rise in pulmonary and respiratory diseases arising out of smoking habits and increase in pollution have resulted in a huge market growth.
Trends such as growing medical assistance to elderly population and neonatal suffering from respiratory diseases, and availability of oxygen concentrator on a commercial scale is highly witnessed.Oxygen concentrators enable supplementary oxygen for patients suffering from the chronic obstructive respiratory disorders (COPD) and in certain cases, pulmonary edema.
Oxygen concentrators are basically used as stationary sources to enable a long-term oxygen therapy to indoor patients.
The concentrators comprise a cabinet house with compressors and filters, nasal canula, tubing and face mask.
Portable units additionally incur AC and DC charger and a battery.Get Free Sample Report @ https://dataintelo.com/request-sample/?reportId=516The concentrator draws fresh air in the room through a series of filters that help in removing dust, bacteria and other particulates.
SEP 30 2020: This report focuses on the global IoT in Defence status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the IoT in Defence development in United States, Europe and China.In 2017, the global IoT in Defence market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyAerovironmentElbit SystemsFreewaveGeneral Atomics Aeronautical SystemsHoneywellRadisysTextron SystemsNorthrup GrunmanProx DynamicsTrack 24To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-iot-in-defence-market-size-status-and-forecast-2018-2025/request-sampleMarket segment by Type, the product can be split intoInfrastructure and Equipment MonitoringMilitary Personnel Monitoring and TrackingSmart Weaponry Market segment by Application, split intoNatural DisastersIndustry ManagementPublic SafetyHome SecurityMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global IoT in Defence status, future forecast, growth opportunity, key market and key players.To present the IoT in Defence development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of IoT in Defence are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.To Browse Full Research Report @: https://www.radiantinsights.com/research/global-iot-in-defence-market-size-status-and-forecast-2018-2025Table of Contents1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.4.1 Global IoT in Defence Market Size Growth Rate by Type (2013-2025)1.4.2 Infrastructure and Equipment Monitoring1.4.3 Military Personnel Monitoring and Tracking1.4.4 Smart Weaponry1.5 Market by Application1.5.1 Global IoT in Defence Market Share by Application (2013-2025)1.5.2 Natural Disasters1.5.3 Industry Management1.5.4 Public Safety1.5.5 Home Security1.6 Study Objectives1.7 Years ConsideredContinued………… To See More Reports of This Category by Radiant Insights: https://latestmarkettrends.news.blog/ About Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.Media Contact: Company Name: Radiant Insights, Inc Contact Person: Michelle Thoras Email: [email protected] Phone: (415) 349-0054 Address: 201 Spear St #1100, Suite #3036 City: San Francisco State: California Country: United States https://marketsandtrendsreport.blogspot.com/
April 4, 2019: The global electric motor sales market size is expected to reach USD 214.5 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period.
Improved insulation and operational efficiency have significantly improved the safety and functionalities of motors, leading to increased demand across multiple industries.Download sample Copy of This Report at: https://www.radiantinsights.com/research/electric-motor-sales-market/request-sample Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives.
Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.Browse Full Report With TOC @ https://www.radiantinsights.com/research/electric-motor-sales-market Improving standards of living and rising income levels are also anticipated to spur the production of motor vehicles and electronic appliances, globally.
Owing to aforementioned factors, these motors are estimated to witness massive demand, mainly from industrial users, in the replacement market over the next few years.Further key findings from the report suggest:Increased adoption of electric motors in vehicles, backed by technological advancements resulting in performance enhancement, is expected to positively impact the growth of the marketThe AC motor type held the largest share in 2018.
It is estimated to generate over USD 152 billion by 2025, owing to extensive use of AC motors in various applications ranging from irrigation pumps to modern day roboticsThe fractional horsepower (FHP) output segment represented over 87.0% of the overall market value in 2018.
Electric motors are also extensively used in heavy industrial equipment as well as agricultural machineriesAsia Pacific will lead the market through 2025, exhibiting a CAGR of 9.3% during the forecast period.
