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. ...