Page 33 - Motor Type News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Partnership By Major Players To Power Growth In The Market  Major players in the global market for electric motor adopted product launch and partnership as its major developmental tactic to branch out its business and enhance its product portfolio. For example, WEG S.A, and Spanish private firm, a leading provider of pork, in January 2019 inked partnership deal. As per the deal Spanish private firm has set up W22 Magnet IE4 electric motors at the Manresa facilities in refrigeration system. In the same manner, Nord Drivesystems in December 2017 rolled out IE4, AC synchronous motors for appli...

Share this article Share this article SAN FRANCISCO, Jan. 27, 2021 /PRNewswire/ -- The global electric motor sales market size is expected to reach USD 232.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. Rapid technological advancements have been playing an imperative role in the growth of the market. Further, improved insulation and operational efficiency have significantly improved the electro-mechanical machines in terms of safety and functionalities, leading to increased demand across mult...

Share this article Share this article NEW YORK, Jan. 18, 2021 /PRNewswire/ -- The global electric motor market is projected to reach a value of over $195.2 billion by 2030, rising from $118.2 billion in 2019, progressing at a 4.8% CAGR during 2020–2030, according to P&S Intelligence. The market is growing due to the: Increasing sales of electric vehicles Rising government efforts for encouraging the adoption of electric vehicles The increasing government efforts for enhancing the adoption of electric vehicles is a key driving factor of the   electric motor market. Governments of several c...