Electric Motor Sales Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
Electric Motor Sales market is anticipated to reach $169 billion by 2026 at a CAGR of 6.9% during the forecast period 2021-2026. Electric motors are used to transfer electrical energy to mechanical energy, most commonly by the use of electromagnetic phenomena. Electric motors of different sorts, including as AC motors, DC motors, Hermetic motors, synchronous ac motor and others, are widely used. Machine tools , household appliances, electric cars, HVAC equipment, power tools, automated robotics, and other applications are driving market expansion. Request Sample HVAC systems maintain interior air quality and provide thermal comfort. They are one of the most important components of contemporary infrastructure, particularly in the case of huge office buildings or retail malls. Electric DC motors are commonly utilized in HVAC systems to produce great efficiency and improve the life and power of airflow systems. The need for HVAC systems is growing across Asia Pacific, particularly in Ch