Lucintel Forecasts Energy Efficient Low Horsepower AC Motors Market to Grow at a CAGR of 11% from 2019 to 2024


Posted April 19, 2022 by Lucintel

According to the recent study the Energy Efficient Low Horsepower AC Motors Market is projected to grow at a CAGR of 11% from 2019 to 2024.

 
According to the recent study the Energy Efficient Low Horsepower AC Motors Market is projected to grow at a CAGR of 11% from 2019 to 2024. Growth in this market is primarily driven by increasing demand energy efficient products, increasing concern over GHG emission, and growth in industrial production in emerging countries.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in energy efficient low horsepower AC motors market by motor type (synchronous and asynchronous), current type (single phase and three phase), end use industry (consumer, industrial, refrigeration, and medical), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/energy-efficient-low-horsepower-ac-motors-market.aspx

“Industrial market is expected to remain the largest segment during the forecast period.”
Based on end use industry, the energy efficient low horsepower AC motors market is segmented into consumer, industrial, refrigeration, and medical. Lucintel forecasts that the industrial market is expected to remain the largest segment due to the increasing industrial production in the emerging economies.
“Within the energy efficient low horsepower AC motors market, the three phase segment is expected to remain the largest current type.”
Based on current type the three phase segment is expected to witness the highest growth over the forecast period.
“Asia pacific will dominate the energy efficient low horsepower AC motors market in near future.”
Asia Pacific will remain the largest region over the forecast period due to the economic expansion and continuous pressure to reduce operating cost.
Download Brochure of this report by clicking on https://www.lucintel.com/energy-efficient-low-horsepower-ac-motors-market.aspx
Major players of energy efficient low horsepower AC motors market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ABB, Bosch Rexroth, Crompton Greaves, Emerson Electric, General Electric, Honeywell International, Johnson Electric, Kirloskar Electric Company, Leeson Electric Corporation, Magnetek, Inc. are among the major energy efficient low horsepower AC motors providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/energy-efficient-low-horsepower-ac-motors-market.aspx or [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

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Lucintel
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Last Updated April 19, 2022