Global Aircraft Electric Motors Market Forecast to 2026: COVID-19 has Affected Production by up to 10% in 2020 but Market Rebound Already Underway – ResearchAndMarkets com financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
The global electric motor market size is expected to showcase considerable growth by reaching USD 181.89 billion by 2028 while exhibiting a CAGR of 7.0%
Electric Motor Market to Reach USD 181 89 Billion by 2028; Increasing Demand from Residential & Commercial Sector to Favor Growth, says Fortune Business Insights™ einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Electric Motor Market Future Scope, Demands and Projected market Growth till 2024 | By Kenneth Research menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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 applications in food & beverage sectors. Via this decision Nord branched out its portfolio of PM synchronous motor.