Electric Motor Market - Forecast (2022 - 2027)

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Electric Motor MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Electric Motor Market Size is forecast to reach
  186.0 billion by 2026, at a CAGR of 6.9 during
  2021-2026. The increase in global electricity
  consumption and the use of electrical equipment
  and machines in different industries and the
  renewables sector are major factors driving the
  growth in the electric motor market during the
  forecast period. An increase in awareness
  regarding green vehicles among customers has been
  a key factor leading the market. Besides this, a
  rising number of government incentives to
  encourage sales of green vehicles for
  safeguarding the environment from carbon
  emissions is expected drive the market growth. 

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• Key Takeaways
• The rising demand for efficient energy usage over
  concerns of environmental impact of energy
  generation from conventional sources such as coal
  and natural gas, is expected to help grow the
  electric motor market in APAC.
• The inner rotor segment is growing at a
  significant CAGR of 7.9 in the forecast period.
  In inner rotor type motors, rotors are positioned
  at the centre and surrounded by stator winding. 
• Automotive sector is expected to witness
  a highest CAGR of 8.3 the forecast period, owing
  to various factors such as increase in sales of
  electric vehicles due to rising concerns over
  greenhouse gases emissions, and favourable
  government policies in countries such as India,
  China and so on. 

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By Distribution Channel- Segment
Analysis Automotive sector is expected to witness
a highest CAGR of 8.3 the forecast period, owing
to various factors such as increase in sales of
electric vehicles due to rising concerns over
greenhouse gases emissions, and favorable
government policies in countries such as India,
China and so on. Increasing focus on RD
activities and rapid technological changes owing
to the changing government norms for vehicle
safety are projected to drive the market.  In
addition automotive safety norms are evolving in
developing countries due to upcoming legislations
for active and passive safety systems, which
mandate the installation of safety systems in
passenger cars. 
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• Electric Motor Market Outlook 
• ABB Ltd
• AMETEK, Inc
• Johnson Electric Holdings Limited
• Siemens AG
• Rockwell Automation
• Toshiba Corp
• Hitachi Ltd
• Nidec Corporation
• ARC Systems Inc

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Electric Motor Market -
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