The Business Research Company report on electric motor and generator

Friday, March 29, 2024

The worldwide market analysis from The Business Research Company have been restructured with the most current market sizing statistics for this year and forecasts stretched till 2033.

The Business Research Company’s global report on electric motor and generator for this year is a wide-ranging basis of info that encompasses every single aspect of the market. According to TBRC’s market prediction, the electric motor and generator segment scope is expected to go up to $161.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%.

The progress in the electric motor and generator segment is because of growing usage of domestic appliances. The Asia-Pacific area is anticipated to grab the biggest piece of electric motor and generator market. Chief players in the electric motor and generator segment comprise Caterpillar Inc., Siemens AG, ABB Ltd., General Electric Company, Nidec Corporation, Hitachi Ltd., Robert Bosch Gmbh and WEG. 

Machineries that change electrical energy into motorized energy are identified as electric motors. An electric generator is a device changing mechanical energy into electrical energy.

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