Australia Electric Motor Market (2021-2027)
Market Forecast By Motor Type (AC Motor, DC Motor), By Output (Integral, Fractional), By Voltage (Low Voltage (0 -1000V), Medium Voltage (1000.1V-5000V), High Voltage (5000.1V & Above)), By Industries (Industrial Process, Automotive, HVAC (Heating, Ventilation And Air Conditioning Equipment), Power Generation, Consumer Appliances, Others (Aerospace, Defense, Transport Infrastructure, Agriculture, Wastewater Management)) And Competitive Landscape
According to 6Wresearch, Australia Electric Motor Market size is projected to grow at CAGR of 4.4% during 2021-27. The demand for electric motors increased owing to the growth of industries such as mining and construction which grew by 14.2% and 6.0% respectively in 2020. Furthermore, Australian automobile market showed positive signs with a 13% increase in sales compared to Q1 2020, and government regulation to optimize the energy consumption are major factors contributing to the growth of the electric motor market in Australia.
Australia electric motor market witnessed a standard growth in recent years on account of the growing demand due to surging consumer electronics market and expanding industrial and residential markets. Growth of electric mobility on back of transition of automobile industry toward electric vehicle would also create demand for electric motor market in country. The demand for electric motors witnessed an upward growth trajectory mainly attributed to rise in demand from industries as they are more inclined towards highly efficient and reliable electric motors.
Request For Sample Report : https://www.6wresearch.com/industry-report/australia-electric-motor-market-2021-2027
For Latest Press Release : https://www.6wresearch.com/press-release/australia-electric-motor-market-revenue-is-projected-to-grow-at-a-cagr-of-44-during-2021-2027
Market Analysis by Products
By motor type, AC motor has majority of market revenue share in the overall market revenues in 2020 owing to its surging demand in industries for automation and electrification.
Key Highlights of the Report
Australia Electric Motor Market Overview
Australia Electric Motor Market Trends
Australia Electric Motor Market Outlook
Australia Electric Motor Market Forecast
Market Drivers and Restraints
Porter’s Five Force Analysis
Market Opportunity Assessment
Industry Life Cycle
Australia Electric Motor Market Share, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Historical Market Data and Forecasts of Revenues, By Output, for the Period 2017-2027F.
Historical Market Data and Forecasts of Revenues, By Voltage, for the Period 2017-2027F.
Historical Market Data and Forecasts of Revenues, By Industries, for the Period 2017-2027F.
Historical Data and Forecast of Australia Electric Motor Market Revenues for the Period 2017-2027F.
Historical Market Data and Forecast of Revenues, By Motor Type, for the Period 2017-2027F.
About Us-
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com