USD 1.16 billion growth expected in Electric Motors Accessories Market from 2022-2027, Analyzing growth in Aftermarket Segment - 17000+ Technavio Research Reports
Initiatives by the US government to promote electric vehicle acceptance, coupled with stringent design and manufacturing requirements, drive the development of energy-efficient accessories.
- Initiatives by the US government to promote electric vehicle acceptance, coupled with stringent design and manufacturing requirements, drive the development of energy-efficient accessories.
- The expansion of industrial and construction sectors, along with a government focus on energy-efficient motors, contributes to high demand worldwide.
- Electric Motors Accessories encompasses a range of crucial components such as Motor Controllers, Capacitors, Brushes, Bearings, and more.
- The market thrives on innovations in components like Connectors, Gearboxes, and Servo Drives, contributing to the overall advancement of electric motors.