Global Electric Motors
Global demand for electric motors is projected to increase 5.7% per year to $147.7 billion in 2023. Electric motors are key components in many durable goods, and – as manufacturing output rises – sales of electric motors will follow.
This report covers electric motor demand by Product and Market in US dollar value
Electric motor products include:
Alternating current
Direct current
Markets for electric motors include:
Motor vehicles
Heating & cooling equipment
Household appliances
Machinery
Scope of the Report
This Freedonia industry study analyzes the global electric motors industry. It presents historical demand data (2008, 2013, and 2018) and forecasts (2023) by product (alternating current, direct current) and market (motor vehicles, heating and cooling equipment, household appliances, machinery). The study also evaluates company market share and competitive analysis on industry competitors including ABB, Bosch, DENSO, Mabuchi Motors, Mitsubishi Electric, Nidec, Panasonic, Regal Beloit, and Siemens
In this report,
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