How Is Rising EV Sales Supplementing Electric Motor Market Growth? Factors such as the rising adoption of electric vehicles (EVs) and increasing compliance for energy-efficient electric motors are expected to propel the electric motor market at a CAGR of 6.3% during 2020–2030. According to P&S Intelligence, the market was valued at $105.5 billion in 2020 and it is projected to generate $195.1 billion revenue by 2030. At present, the manufacturing industry is opting for energy-efficient electric motors to reduce energy consumption and reduce operating costs. The surging adoption of EVs is one of the key growth drivers of the market, as electric motors are their major components. As per the International Energy Agency (IEA), the global stock of battery electric vehicles (BEV) (cars) and plug-in hybrid electric vehicles (PHEV) (cars) will surge from 6,850,327 in 2020 to 79,975,992 by 2030 and 3,346,713 in 2020 to 44,355,904 by 2030, respectively. Furthermore, the total number of BEV (vans) and PHEV (vans) will escalate from 427,525 in 2020 to 11,041,648 by 2030 and 8,384 in 2020 to 1,959,625 by 2030, respectively. The application segment of the electric motor market is categorized into medical, industrial, space, transportation, commercial aerospace, non-industrial robotics, defense, marine, and others. Under this segment, the transportation category generated the highest revenue in 2020, due to the surging adoption of EVs and booming demand for motor vehicles. The rising shift toward EVs can be attributed to the soaring public awareness about worsening air quality and increasing government support toward the EV industry in the form of tax rebates and subsidies. In recent years, the companies operating in the electric motor market have engaged in product launches to consolidate their position. For instance, in February 2021, Johnson Electric Holdings Limited launched a new series of low-voltage DC motors for actuators used in hospital beds, smart recliners, height-adjustable desks, and other smart furniture. In the same vein, in June 2021, maxon motor AG introduced BIKEDRIVE Air, a 3.5 kg e-bike system that consists of an integrated battery, a mid-mounted motor, and a control element. Additionally, the players in the electric motor market are also opting for mergers and acquisitions to gain a competitive edge. For example, in March 2021, AMETEK Inc. acquired Crank Software, EGS Automation, and Magnetrol International for $270 million. With the acquisition of Magnetrol International and EGS Automation, AMETEK Inc. aims to expand its level measurement solutions portfolio and widen its automation solutions portfolio. Furthermore, the acquisition of Crank Software offers graphical user interface design capabilities to AMETEK. Globally, the Asia-Pacific (APAC) electric motor market generated the highest revenue in 2020, and it is projected to showcase the fastest growth throughout the forecast period (2021–2030). This can be attributed to the presence of a large number of manufacturing plants in developing countries, such as Bangladesh, China, Indonesia, and India. Moreover, the mounting investments being made by the market players in the untapped markets of the region will also augment the demand for electric motors in APAC. Thus, the burgeoning EV production and escalating demand for energy-efficient electric motors are expected to steer the market growth across the world. Read More: https://www.psmarketresearch.com/market-analysis/electric-motor-market

Dongjin Group is a company dedicated to the production, R&D and sales of lead-acid batteries, Lithium battery packs and lithium battery cells. Headquarters located in Shenzhen. Dongjin Group has established lithium battery and lead-acid battery factories in Dongguan, Guangdong Province and Xingan County, Jiangxi Province respectively. We have invested and built factories in Bangladesh, Pakistan, India, the Philippines, Turkey, Brazil and other oversea countries, with more than 4,000 employees and a R&D team of more than 325 people. Equipped with advanced manufacturing line, and strictly following the ISO9001 quality management system, Through 30 years of experience in the battery industry, Dongjin Group is committed to providing domestic and foreign customers with the highest quality products, including: lithium battery packs, lithium battery cells, lead-acid batteries, etc. Products are widely used in solar energy storage, UPS, telecommunications, electric vehicles, outdoor mobile power and other applications, and are deeply loved by customers. Jiangxi Factory Jiangxi Factory Dongguan Factory India Factory Philippines Factory Bangladesh Factory Brazil Factory Pakistan Factory Turkey Factory The internal environment of the factory Company Mission We are committed to creating more values for our customers, partners and employees as well as the whole society with Dongjin Principles: Stable quality Environment protection Reasonable price Timely delivery Fast response service Corporate Vision To be the world-class new energy battery manufacturer for UPS, Solar Energy Storage, and Motive power industry.energy storage system in stock website:http://www.dongjin-battery.com/

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To put it simply, Golf Cart Chargers are exactly what you would expect them to be. They are the life source of the cart. Most chargers work by feeding electric current through a battery, in hopes that the cells inside will hold the energy that just passed through it.http://www.summitcharger.com/electric-vehicles-charger/golf-cart-charger/