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Nidec ADR NJDCY

Technology Scientific & Technical Instruments

Nidec Corp is a Japan-based company mainly engaged in the manufacture and sale of precision small motors, in-vehicle products, home appliances, commercial and industrial products, equipment, electronic and optical components. The Company operates through 10 segments. The SPMS segment manufactures and sells motors for hard disk drives (HDDs) and other small motors. The AMEC segment manufactures and sells in-vehicle products. The MOEN segment, ACIM segment and Nidec Techno Motor segment manufacture and sell home appliances, commercial and industrial products. The Nidec Instruments segment manufactures and sells equipment, in-vehicle products, electronic components and other small motors. The Nidec Mobility segment manufactures and sells in-vehicle products. The Machinery Business Headquarters segment and the Nidec Advanced Technology segment manufacture and sell equipment. The Other segment manufactures and sells in-vehicle products, equipment, electronic components, other small motors.

PINL:NJDCY - Post by User

Nidec ADR

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Post by ivosmithon Dec 15, 2023 12:54am

107 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