PUBLISHER: TechNavio | PRODUCT CODE: 1275501
PUBLISHER: TechNavio | PRODUCT CODE: 1275501
Technavio has been monitoring the electric motors accessories market and is forecast to grow by USD 1160.06 mn during 2022-2027, accelerating at a CAGR of 5.43% during the forecast period. Our report on the electric motors accessories market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing use of electric motor accessories in the automotive sector, government subsidies and incentives for evs, and increasing demand for synchronous motors for energy efficiency.
Technavio's electric motors accessories market is segmented as below:
By Channel
By End-user
By Geography
This study identifies the increasing demand for HVAC systems as one of the prime reasons driving the electric motors accessories market growth during the next few years. Also, the growing urban population and increasing focus on using energy-efficient motors will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric motors accessories market vendors that include ABB Ltd., Bodine Electric Co., Brook Crompton UK Ltd., Danfoss AS, ESR Pollmeier Gmbh, Kollmorgen Corp., Lenze SE, MSC Industrial Direct Co. Inc., Nanotec Electronic GmbH and Co. KG, Nidec Corp., Oriental Motor Co. Ltd., Parker Hannifin Corp., Regal Rexnord Corp., Sdtronics Pvt. Ltd., Selec Controls Pvt. Ltd. KB, Siemens AG, TAMAGAWA SEIKI Co. Ltd., TVH Parts Holding NV, WEG Equipamentos Eletricos S.A., and Yaskawa Electric Corp. Also, the electric motors accessories market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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