In the United States, rising minimum efficiency standards set forth by the Department of Energy are mandating the push towards more efficient technology approximately every three years. For instance, The Department of Energy has set new standards for residential furnace fans. All fans going forward will be equipped with ECM, and the existing ones will be replaced by ECM.
According to the report, Improved End-User Comfort, Greener Solutions, and Regulatory Compliances is one of the primary growth factors for the market. Increasing Demand for Energy-efficient Products in Various End-Use Industries
is also expected to contribute significantly to the Electronically Commutated Motors market. Overall, Consumer Electronics
applications of Electronically Commutated Motors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sales Channel, such as Direct, is boosting the Electronically Commutated Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Working Principle, such as Constant Air Flow, is boosting the Electronically Commutated Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Power Range, such as Below 1 HP, is boosting the Electronically Commutated Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Electronically Commutated Motors market identified that the demand is rising in many different parts of the world as "Increasing Environmental Concerns, Growing Popularity of Electric Vehicles, And Energy Regulation By the Leading Authorities around the Globe
". Furthermore, some recent industry insights like "In January 2020, WEG started a project to install a new low voltage electric motor plant in Hosur, India. With investments of approximately USD 20 Million, the factory will have 13,000 square meters of manufacturing facilities and a production capacity of about 250,000 electric motors per year, in power ratings up to 355kW." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Electronically Commutated Motors market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electronically Commutated Motors market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Electronically Commutated Motors market size is calculated using market estimation process, the Electronically Commutated Motors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electronically Commutated Motors market size has been validated using both top-down and bottom-up approaches.