Global Electronically Commutated Motors Market is expected to grow at a CAGR of 5.8 % during the forecast period (2021-2027)

The global electronic commutated motors market is growing at a steady and decent pace during the forecast period and is expected to grow at a CAGR of 5.8 % during the forecast period. The global impact of COVID-19 has reduced the overall production of electric motors in 2020. As a result, there is a negative impact on the growth of the electronically commutated motor industry globally. An electronic commutated motor is brushless and has electronic control circuit to fluctuate its speed. 

This has led to electrical efficiency, facility to control, and explicit operation on motors. Thus, these factors will drive the growth of the electronically commutated motors market.

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The growth driver for electronically commutated motors is efficiency, low maintenance cost, long life span, and controllability. Electronically commutated motors are used in heating, ventilation, the automobile sector, and air conditioning. 

Electronically commutated motors are highly efficient, low maintenance cost, long life span, and controllable. But the development of substitutes is one of the challenges faced by the electronically commutated motors market. 

Increasing population, need for electric vehicles, environmental interests, rising consumer expenditure, and growing business are creating opportunities for electronically commutated motors globally. 

Geographically, because of industrialization and urbanization, APAC is anticipated to have the largest market share of the global electronically commutated motors market during the forecast period followed by North America and Europe.

Some of the key players operating in the electronic commutated motors market: ABB Ltd., Siemens, WEG, PARKER HANNIFIN CORP., Nidec Motor Corporation, Astro Motorengesellschaft mbH & Co. KG, Allied Motion, Inc., Maxon Motor GmbH, Buhler Motor GmbH, and Kollmorgen.

Source: VynZ Research