Driving Innovation: Electric Motors Market Transforming US Manufacturing

The electric motors market in the U.S.  is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rising demand for energy-efficient motors across diverse industries such as Industrial, Commercial, Residential, Agriculture, and Transportation. Among …

Driving Growth: The Rising Demand for Brushless DC Motor Market in the US

The brushless DC motor market in the U.S.  is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rapid proliferation of motor drives across diverse industries such as automotive, consumer electronics, medical devices, manufacturing, …

Brushless DC Motor Market worth $17.6 Billion by 2028

Brushless DC Motor Market

The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their …

BATTERY SWAPPING TO EMERGE AS THE GAME CHANGER FOR RAPID EV ADOPTION

Battery swapping is one of the most promising charging concepts being adopted in the EV sector to address the concerns related to conventional charging infrastructure. This includes replacing the depleted battery from the vehicle with a fully charged one. Since there is no charging involved …

Electric Motors Market Likely to Boost Future Growth by 2027

The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8% according to a new report by MarketsandMarkets™. This market is mainly driven by increasing investments in electric vehicles and …

Electric Utility Vehicle Market Emerging Trends, Growth Factors, Business Opportunities and Forecast to 2027

Electric Utility Vehicle Market

The global electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped …

Brushless DC Motor Market will Hit Big Revenues in Near Future

Brushless DC Motor Market

The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless DC motors …

Electric Motor Market will Escalate Rapidly in Near Future

The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East …

Electric Commercial Vehicle Market: Opportunities & Prominent Trends

electric commercial vehicle market

The Global Electric Commercial Vehicle Market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%. The demand for electric commercial vehicles like electric buses, electric trucks, electric pickups and electric vans is …

Brushless DC Motor Market to Show Strong Growth in Near Future

Brushless DC Motor Market

The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless …

Electric Bus Market: Analysis, Growth & Trends

Electric Bus Market

The global Electric Bus Market size is expected to grow from approximately 112,041 units in 2022 to reach 671,285 units by 2027, at a CAGR of 43.1%. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled …

Advanced Energy Storage Systems Market to Show Robust Growth in Near Future

Advanced Energy Storage Systems Market

The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4% during 2017 to 2022. The growth of the advanced energy storage systems market is attributed to …

Wireless EV Charging Market to Grow at a CAGR of 88.4%

Wireless EV Charging Market

The global Wireless Charging for Electric Vehicles Market is projected to grow from $15 million in 2022 to $377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales of EVs around the world, coupled with the growing focus on autonomous vehicles …

Electric Motor Market will Hit Big Revenues in Near Future

The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East …