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The electric motors accessories market size is forecast to increase by USD 1.30 billion, at a CAGR of 5.77% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing use of electric motors in various sectors, particularly in the automotive industry. This trend is fueled by the global shift towards sustainable transportation and the rising demand for electric vehicles (EVs). Additionally, the increasing demand for heating, ventilation, and air conditioning (HVAC) systems in both residential and commercial applications is another major growth factor for the market. However, the market faces challenges such as limitations in power rating for electric motor accessories, which can hinder their widespread adoption in high-power applications. To address this challenge, manufacturers are focusing on developing advanced technologies to enhance the power capabilities of electric motor accessories while maintaining energy efficiency. Overall, the electric motors accessories market is expected to witness growth in the coming years, driven by these trends and the increasing demand for sustainable and energy-efficient solutions. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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