Electric Motors Market in US 2021-2025. The analyst has been monitoring the electric motors market in the US and it is poised to grow by $ 5. 25 billion during 2021-2025, progressing at a CAGR of over 5% during the forecast period.
New York, June 28, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Electric Motors Market in US 2021-2025" - https://www.reportlinker.com/p06099561/?utm_source=GNW
Our report on electric motors market in the US 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 us market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in demand for automated equipment in industrial premises and increasing demand for synchronous motors for energy efficiency. In addition, an increase in demand for automated equipment in industrial premises is anticipated to boost the growth of the market as well.
The electric motors market in US analysis includes product segment and end-user segment.
The electric motors market in US is segmented as below:
By Product
• AC motor
• DC motor
• Hermetic motor
By End-user
• Automotive
• Household appliances
• HVAC
• Industrial machinery
• Others
This study identifies the government subsidies and incentives for EVs as one of the prime reasons driving the electric motors market in US growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on electric motors market in US covers the following areas:
• Electric motors market in US sizing
• Electric motors market in US forecast
• Electric motors market in US industry analysis
This 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 market in US vendors that include ABB Ltd., Franklin Electric Co. Inc., General Electric Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Nidec Corp., Rockwell Automation Inc., Siemens AG, Toshiba Corp., and WEG Equipamentos Eletricos SA. Also, the electric motors market in US 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.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p06099561/?utm_source=GNW
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The Electric Motors Market is expected to grow by $ 5.25 billion during 2021-2025, progressing at a CAGR of over 5% during the forecast period - Yahoo Finance
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