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Nidec ADR NJDCY

Industrials

Nidec Corp is engaged in the manufacture and sale of precision small motors, automotive products, home appliances, commercial and industrial products, equipment devices, and electronic and optical components. The Company operates 10 business segments. SPMS segment manufactures and sells hard disk drive (HDD) motors and other small motors. AMEC and Nidec Mobility segment manufacture and sell automotive products. MOEN, ACIM and Nidec Techno Motor segment manufacture and sell products for consumer electronics, commercial and industrial applications. Nidec Sankyo segment manufactures and sells equipment devices, automotive products, electronic components, and other small motors. Nidec Shimpo segment manufactures and sells equipment and machine tools. Nidec Read segment manufactures and sells equipment. The Others segment manufactures and sells automotive products, equipment, electronic components, and other small motors. This Company also manufactures, sells, and services presses.

PINL:NJDCY - Post by User

Nidec ADR

Bullboard Posts

Post by ivosmithon Dec 15, 2023 12:54am

86 Views

Post# 35786049

Industrial Motors Market Outlook 2023-2028

According to the latest research report, the global industrial motors market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.52% during 2023-2028.

The evolution of technology is currently playing a crucial role in shaping the industrial motors market. Ongoing innovations in motor design and controls are leading to the development of energy-efficient, intelligent, and highly integrated motor systems, thereby continuously boosting market growth. Furthermore, advancements in material science, cooling techniques, and electronic control systems are allowing motors to operate with enhanced performance and reduced energy consumption, further supporting the ongoing growth of the market. In addition to this, manufacturers are actively investing in research and development (R&D) to continuously introduce motors with features such as Internet of Things (IoT) connectivity, predictive maintenance, and remote monitoring.

Explore full report with Table of Contents: https://www.imarcgroup.com/industrial-motors-market