2021 Electric Motor And Generator Market Key Trends Analysis And strategic Analysis Forecast 2030
Electric Motor And Generator Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the electric motor and generator industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected electric motor and generator market growth numbers 2021-2030.
The Electric Motor And Generator Global Market Report 2021 covers electric motor and generator market drivers, electric motor and generator market trends, electric motor and generator market growth rate, electric motor and generator market major players, player-adopted strategies in the market, and electric motor and generator market size.
The global electric motor and generator market is expected to grow from $75.05 billion in 2020 to $78.37 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $84.88 billion in 2025 at a CAGR of 2%.
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