Key Market Indicators
In 2021, the country ranked number 76, below Qatar and Saudi Arabia, with $7,040. Canada, Germany and the United Kingdom respectively were numbers 2, 3 and 4 in this ranking. Mongol DC Motors have seen demand increase steadily since 2001, with an average year-on-year growth of 11.4%. However, by 2026, the growth rate is expected to slow to 0.5%, dropping to $876,150 from $901,150 in 2021. Qatar is expected to remain at the top of the rankings, followed by Canada, Germany and the United Kingdom. Mongol DC Motor exports are currently lower than imports, totalling $7,040 in 2021, down from $157,2016 in 2015. Once again, Qatar and Saudi Arabia are ahead of Mongolia, with the former three countries of Canada, Germany and the United Kingdom following close behind.
Mongolia Electric Motor Market Data and Forecasts
How much will Mongolia Electric Motor Market grow to 2026?
More in Electric Motor Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Unearthing Key Trends and Developments in the Global AC Motor Market
Several factors have coalesced to escalate global demand for AC motors. The rising need for energy-efficient systems plays a significant role in impelling market growth. Governments worldwide are mounting pressure on industrial sectors to reduce their carbon footprint, thereby increasing the demand for eco-friendly and more effective AC motors. Additionally,...
Discover more insights -
Industrial Automation: Mastering the Variable Frequency Drives Market Evolution
Variable Frequency Drives (VFDs) are integral components in industrial automation, designed to control the speed of an AC induction motor, significantly contributing to the energy efficiency and performance optimization of machinery. They can be applied across a variety of sectors such as manufacturing, pulp & paper, oil & gas, or...
Discover more insights -
Motors Market: Unearthing Pneumatic, Electric AC and DC Innovations and Opportunities
The motors market is witnessing a shift in technological advancements, markedly observed in pneumatic, electric AC and DC subsets. The challenge of improving efficiency and sustainability has steered innovations, with technological pushes aiming at optimising energy utilization and material efficiency. The advent of smart motor technology, signifying a convergence of...
Discover more insights -
Exploring Performance Variations in Multi and Single-Phase AC Motors: Future Manufacturing Insights
Alternating current (AC) motors come in two primary types: single-phase and multi-phase. The fundamental difference between the two lies in their design and performance characteristics. Single-phase AC motors are simpler, often used in low-power applications where efficiency and torque control are less critical. These include domestic appliances and smaller commercial...
Discover more insights -
Automation Innovation: Exploring Growth Dynamics in Global Servo Motors and Drives Market
Automation in various sectors such as manufacturing and production, health care, logistics and transport, along with a push towards the 4th industrial revolution, is contributing to the growth of the servo motors and drives market. The ability of these motors and drives to provide precision, efficiency, and speed, significantly reduces...
Discover more insights