Skip to main content

Posts

Showing posts with the label Electronically Commutated Motors Market

Electronically Commutated Motors Market to reach US$ 21.5 Bn by 2027

  The global  electronically commutated motors market  was valued at  ~US$ 13 Bn in 2018 , and is expected to grow at a CAGR of  ~6%  from  2019 to 2027 . The global electronically commutated motors market is expanding significantly, in terms of size and value, due to the expansion of the HVAC and consumer electronics sector. Asia Pacific holds a major share of the global electronically commutated motors market, followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements in order to cater to customer demand and gain a competitive edge in the global electronically commutated motors market. Asia Pacific accounted for  ~41%  share of the global electronically commutated motors market in  2018 , followed by North America and Europe. It is anticipated to maintain its dominance in the global electronically commutated motors market during the forecast period. This is due t...