Thursday, February 2, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Electric Motors Market worth $186.0 Billion by 2027

Press Room by Press Room
December 5, 2022
in Press Release
Electric Motors Market worth $186.0 Billion by 2027
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, December 05, 2022 ) The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8% according to a new report by MarketsandMarkets™. This market is mainly driven by increasing investments in electric vehicles and development of manufacturing industry.

Low voltage motors is expected to be the second largest electric motors market

By voltage, the electric motors market has been segmented into low voltage motors, medium voltage motors, and high voltage motors. Low voltage motors is expected to be the second largest segment during the forecast period. Ease of operation, low setup and maintenance costs, and high reliability have increased the penetration of low-voltage electric motors in process and motor-driven systems.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=717

Transportation is expected to be the fastest-growing segment in the electric motors market

The electric motors market, by end user, has been segmented into industrial, commercial, residential, transportation, and agriculture. Transportation segment is expected to be the fastest-growing market during the forecast period. The increasing demand for electric vehicles is fueling the growth of the transportation segment of the electric motors market.

Asia Pacific is expected be the largest segment in the electric motors market

In this report, the electric motors market has been analyzed for five regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to be the largest segment during the forecast period. Increased investments in the manufacturing and automotive industries are expected to fuel the demand for electric motors in Asia Pacific.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=717

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electric Motors Market. These ABB (Switzerland), Siemens (Germany), WEG (Brazil), Wolong Electric (China), and NIDEC CORPORATION (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their respective market shares.

About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Content Source:
https://www.marketsandmarkets.com/PressReleases/electric-motor-sales.asp



Source link

Previous Post

I Roomed With The Gods

Next Post

Saudi Arabia set to host 2027 Asian Cup after India withdraws bid

RECOMMENDED NEWS

European Medical Equipment Maintenance Market is Expecting Major Boost in the Revenue Generation, Globally, by 2026

5 months ago
Automotive Powertrain Sensors Market Worth $25.1 billion by 2027

Automotive Powertrain Sensors Market Worth $25.1 billion by 2027

6 months ago

Passwordless Authentication Market Witness the Growth of $21.2 billion by 2027

3 months ago

SOC as a Service Market Predicted to Grow $10.1 billion by 2027

5 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • قد يؤدي استهلاك الجوز إلى إبطاء تطوّر السرطان

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia
  • Saudi’s foreign minister receives Commissioner-General of UNRWA
  • The G700 business jet broke 25 speed records during its world tour
  • Saudi Arabia plans road project in Aseer region to elevate … – Arab News
  • Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.