Algeria Electric Motor Market (2020-2026)
Market Forecast By Voltage (Low, Medium, High), By Types (AC, DC), By Applications (Pump, Fan, Conveyor, Compressors & Others), By End-Users (Industrial Processing, Commercial HVAC, Automotive, Consumer Appliances, Power Generation & Others (Defense, Agriculture, Waste Water Management)) And Competitive Landscape
According to 6Wresearch, Algeria Electric Motor Market size is anticipated to register substantial growth during the forecast period 2020-2026. Algeria economic growth is adversely impacted during the initial months of 2020 due to the outbreak of coronavirus pandemic hampering the growth of the automotive sector. Though, Algeria economic growth is likely to recover during 2021 owing to rising demand for efficient, reliable, and environmentally-friendly electric motors from industrial, automotive, and HVAC segments. Additionally, several automakers companies including Peugeot and Volkswagen are investing in the country and are aiming to launch maximum units of electric vehicles by 2030 in the coming years which would attribute to the growth of electric motor in the automotive segment. Based on types, AC electric motor would acquire a major market share as these motors are an ideal choice for robotic system manufacturers owing to its high efficiency and energy-efficient. Additionally, low voltage and medium voltage electric motors are likely to capture major market share in Algeria electric motor market.
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Key Highlights of the Report:
Algeria Electric motor Market Overview
Algeria Electric motor Market Outlook
Algeria Electric motor Market Forecast
Algeria Electric motor Market Size
Historical Data of Algeria Electric motor Market Revenues, for the Period 2016-2019
Algeria Electric motor Market Forecast of Revenues, Until 2026
Historical Data of Algeria Electric motor Market Revenues, By Voltage, for the Period 2016-2019
Market Size & Forecast of Algeria Electric motor Market Revenues, By Voltage, until 2026
Historical Data of Algeria Electric motor Market Revenues, By Types, for the Period 2016-2019
Market Size & Forecast of Algeria Electric motor Market Revenues, By Types, until 2026
Historical Data of Algeria Electric motor Market Revenues, By Applications, for the Period 2016-2019
Market Size & Forecast of Algeria Electric motor Market Revenues, By Applications, until 2026
Historical Data of Algeria Electric motor Market Revenues, by End-Users, for the Period 2016-2019
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