$28.45 Billion Worldwide Industrial Motors Industry to 2027 - Featuring ABB, Brook Compton, Hitachi and Johnson Electric Holdings Among Others - ResearchAndMarkets.com
An industrial motor relies on alternating current (AC) resources, such as power grids or generators, to work efficiently and transform electrical energy into mechanical energy.
- An industrial motor relies on alternating current (AC) resources, such as power grids or generators, to work efficiently and transform electrical energy into mechanical energy.
- It is highly efficient as it does not use fuel and requires engine-oil maintenance compared to other electrical devices.
- In addition, it is highly durable with a long lifespan as an industrial motor contains few moving parts that operate smoothly.
- This, coupled with the growing number of smart manufacturing pilot projects by governments of several countries, is catalyzing the demand for industrial motors.