Industrial Automation & Machinery

  Electric Motor Market   accounted for US$ 114.2 billion in 2020 and is estimated to be US$ 205.60 billion by 2030 and is anticipated to register a CAGR of 6.1%. The rise in demand for greater machine control in the automotive industry, owing to the high efficiency of AC synchronous motors, drives the growth of the electric motor market. Regulations such as the Minimum Energy Performance Standards (MEPS) promote the global growth of the energy efficient electric motors market. Material handling systems are the primary consumers of fractional horsepower (FHP) motors, increasing their global demand. Furthermore, due to heat dissipation, the adoption of motors ranging from 21 to 60 V in HVAC sectors is expected to be high in the approaching years. The report " Global Electric Motor Market, By Type (Hermetic Motors, Alternate Current (AC) Motor (Synchronous AC Motor and Induction AC Motor), and Direct Current (DC) Motor (Brush DC Motor and Brushless DC Motor)), By Output Power (Horse

  The report  " Commercial Vehicles Market , By Product (Light Commercial Vehicles (LCVs), Heavy Trucks, and Buses & Coaches), By End Use (Industrial, Mining  Construction, Logistics, Passenger Transportation, and Others), and Region - Global Forecast to 2029"  Global commercial vehicles market is projected to grow from US$ 268.6 billion in 2020 to US$ 428.0billion by 2029. Growing urbanization and increasing spending on infrastructure development in emerging economies are major factor driving growth of the global commercial vehicles market. In addition, network services such as accident warnings, weather reports, traffic data, and updates on roadwork provide numerous benefits, including enhanced safety and preventing unauthorized access to vehicles is anticipated to boost the global market growth. Furthermore, adoption of electric vehicles and semi autonomous commercial vehicles are expected to positively support growth of the global commercial vehicle market over the fo