Electric Motor Market Research Report
An electric motor is equipment that converts electrical energy into mechanical energy. The DC motor operates on electromagnetic induction. Electric motors can be classified as AC, DC, or brush and brushless motors. Some of the main components found in an electric motor are the rotor, bearings, stator, air gap, windings, and commutators. The applications of electric motors can be seen in multiple domains like automotive, transportation, aerospace, Defense, residential and commercial industries. According to the report issued by Global Market Estimates Research & Consultants, the Electric Motor Market is indicated to depict a noticeable endowment of 6.9% during the forecast period (2020-2026). Fluctuating raw materials for the manufacturing of electric motors from China and India are the primary deterrents of the market whereas increased demand for heating, ventilation, and air conditioning applications in residential, commercial, and industrial users, increase usage of electric machines, and expansion of small and medium-sized enterprises are the major factor influencing the global electric motors market respectively. Browse 175 Market Data Tables and 111 Figures spread through 195 Pages on "Electric Motor Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/electric-motor-market-2497
44 views • 3 slides