Global Motors And Generators Market Overview And Prospects – Includes Motors And Generators Market Size
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The global motors and generators market is expected to grow from $86.86 billion in 2021 to $92.62 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global motors and generators market size is expected to grow to $105.56 billion in 2026 at a compound annual growth rate (CAGR) of 3.3%.
The increasing use of household appliances is expected to propel the growth of the motors and generators manufacturing market in the forecast period.
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The motors and generators market consists of sales of motors, generators, and related services by entities (organizations, sole traders, partnership) that are used to isolate electrical loads from power supply lines. The motor converts electrical energy into mechanical energy, and the generator converts mechanical energy into electrical energy.
Global Motors And Generators Market Segments Include:
By Type: Motor Manufacturing, and Generator Manufacturing
By End-User: Industrial, Commercial, and Residential
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global motors and generators market in 2021.
The emergence of portable generators is a key trend gaining popularity in the motors and generators market. Companies operating in the motors and generators market are focusing on developing new products to sustain their position in the market.
TBRC’s Motors And Generators Market Report Covers:
Major Market Players: Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co., ABB Ltd., Nidec, General Electric Co., Baldor Electric Co., Danahar Motion LLC, and Kollmorgen Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Motors And Generators Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides motors and generators market overviews, analyzes and forecasts market size, share, motors and generators market players, motors and generators market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s motors and generators market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Electric Generators Global Market Report 2022
Hydrogen Generators Global Market Report 2022
Power Generators Global Market Report 2022
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