Global Electric Motor And Generator Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

21 Sep, 2021

The motors and generators market consists of sales of motors, generators, and related services. The motor convert’s electrical energy into mechanical energy and the generator converts mechanical energy into electrical energy.

Global Electric Motor And Generator Market Size And Drivers:

The global electric motor and generator market is expected to grow from $75.05 billion in 2020 to $78.37 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $84.88 billion in 2025 at a CAGR of 2%. Increasing use of household appliances is expected to contribute to the growth of the motors and generators manufacturing market in the forecast period.

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Trends In The Global Electric Motor And Generator Market

Generator manufacturing companies are increasingly manufacturing portable generators. A portable generator provides electricity by running a gas-powered/diesel-powered engine that turns an on-board alternator to generate electrical power. Rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators as they offer advantages such as flexibility, and ease of use.

Global Electric Motor And Generator Market Segments:
The global electric motor and generator market is further segmented –
By Type: Motor Manufacturing, Generator Manufacturing
By End-User: Industrial, Commercial, Residential
By Application: Automobile, Maritime, Power Generation, Industrial
By Geography: The global electric motor and generator market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Electric Motor And Generator Market At:

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Electric Motor And Generator Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electric motor and generator market overviews, analyzes and forecasts market size and growth for the global electric motor and generator market, electric motor and generator market share, electric motor and generator market players, electric motor and generator market segments and geographies, electric motor and generator market’s leading competitors’ revenues, profiles and market shares. The electric motor and generator market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.