Market Overview
United States Electric Motors Market has valued at USD 15.74 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.66% through 2028. The growing recognition of climate change and its detrimental impacts has resulted in heightened environmental regulations and standards. Both federal and state governments in the United States have implemented more stringent emissions and energy efficiency mandates. Electric motors, as significant electricity consumers, have faced increased scrutiny. Consequently, manufacturers are compelled to enhance motor energy efficiency to comply with these regulations, fostering market innovation.
Key Market Players
Regal Beloit Corporation
Nidec Corporation
Siemens AG
WEG Electric Corporation
Emerson Electric Co.
ABB Group
Toshiba International Corporation
Rockwell Automation
Franklin Electric
Leeson Electric Corporation
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