Electronics Commutated Motors Market is Anticipated to grow at a Constant Pace i.e., USD 7.1 Billion during the Forecast Period 2021-2027

Electronics Commutated Motors Market

The global electronic commutated motors market is growing at a constant pace and is expected to reach USD$ 7.1 billion by 2027, thus anticipating a CAGR of 5.8 % during the forecast period 2021-2027.  Electronically Commutated Motors are the favorable option in fractional horsepower applications and they have high savings when used in air-conditioning and refrigeration systems. EC motors are long-lasting, less maintenance cost, highly efficient, and improves energy conservation.

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Amidst the COVID-19 pandemic, there is a massive slowdown in the electronically commutated motor industry because of the shutdown of the production of various products. It has affected the sale of equipment and machinery and the major demand was from giant manufacturing countries like the U.S., Germany, Italy, UK, and China. These countries are affected by a coronavirus, thus halting the demand for equipment and machinery.

Commercial segment to hold the highest position in electronically commutated motors market.

On the basis of application, the market is divided into HVAC (Residential and Commercial), consumer electronics, automotive, packaging, material handling, industrial machines, and others. The commercial sector is holding the leading share in the market. The commercial sector includes office buildings, hypermarkets, theatres, shopping & recreation centers, hotels. In commercial buildings, HVAC ECMs are used to change the speed and torque of the fan motors according to system requirements.

Geographically, APAC is anticipated to have the largest market share in the global electronically commutated motors market during the forecast period followed by North America and Europe. The rising demand for electric vehicles and environmental concerns for safety are boosting the demand for the global electronically commutated motors market in the Asia Pacific.

Some of the key players operating in the electronic commutated motors market are ABB Group, Siemens, WEG, Parker Hannifin, Nidec Motor Corporation, Astro Motorengesellschaft mbH & Co. KG, Allied Motion Technologies, Maxon Motor AG, Buhler Motor GmbH, and Kollmorgen Corp.

Source: VynZ Research

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