Electric Motor Market Size 2022-2030 presents detailed competitive analysis including the market Share, Size, Future scope This study categorizes the global Health and Safety Products breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges.
Global “Electric Motor Market“ (2022-2030) report indicates all the important factors related to various growth factors including latest trends and development in the global industry. It offers detailed research and analysis of key aspects and highlights the current market situations with various research techniques like SWOT and PESTLE analysis. Electric Motor market report also helps in the formation of production and demand-supply scenario with detailed description of accurate data like pricing structure, profit margins, and value chain analysis. Furthermore, the report provides insightful information on future strategies and opportunities of global players. The global Electric Motor market is expected to maximize by the end of 2030, growing at a significant CAGR during 2022-2030.
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Electric Motor Market Insight:
Electric Motor Market: Market Segments: By Motor Type (Hermetic, AC and DC); By Power Output (Integral HP Output and Fractional HP Output); By Speed (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM) and Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)); By Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace and Transportation, Household Appliances and Others); and Region Analysis of Market Size, Share and Trends for 2014 2019 and Forecasts to 2030
Product Overview
Electric motors are electro-mechanical systems that operate on the electromagnetic induction principle. They are robust and highly effective, require low maintenance, consume less energy, and fluctuate voltages have high endurance. Moreover, electric motors cost far less than a fossil-fuel engine.
Market Highlights
Electric Motor Market is expected to project a notable CAGR of 6.68% in 2030.
Electric Motor Market to surpass USD 175 billion by 2030 from USD 108 billion in 2018 at a CAGR of 6.68% throughout the forecast period, i.e., 2019-30. Major drivers driving the market are expected to be factors such as rising environmental issues and increasing demand for electrical energy. The key growth-inducing factor in the market is expansion in industrial automation along with developments in technology.
Electric Motor Market: Segments
AC Motor segment to grow with the highest CAGR of 8.47% during 2019-30
Electric Motor Market is segmented by motor type as AC and DC motors and hermetic motor. The greater market share in 2018 was accounted by AC motors as these were extensively used forms with their applications ranging from irrigation pumps to modern-day robotics. In addition, they are smaller, cheaper, and lighter in weight and are commonly used in HVAC equipment as well. Due to the advent of highly effective and low-cost electronics, followed by advances in permanent magnetic materials, the use of electric AC motors in the automotive industry has increased exponentially. However, due to the ease of handling, less maintenance, and fast transport, the hermetic type is expected to experience the highest CAGR of 8.47 % during the same span. Sector growth can also be due to increased demand from manufacturers of HVAC systems supported by suitability in such applications.
Electric Motor Market: Market Dynamics
Drivers
Increasing Compliance for Energy-Efficient Electric Motors
It is anticipated that the rising need of high-power consumption industries to reduce their energy consumption would drive the worldwide adoption of energy-efficient electric motors. Electric motors can account for about 70 percent of total energy consumption in the manufacturing sector, and the highest electricity consumption comes from the operation of compressors.
Restrain
Variation in prices of raw materials
A few manufacturers in China regulate the prices of raw materials, such as permanent magnets, steel bars, copper wires, and precision thin metals, such as specialty alloys, which are used to produce electric motors. There is not a great deal of product differentiation and the product price dictates the market supremacy of such suppliers. Other manufacturers/suppliers in the industry must bear the resulting price fluctuations.
Electric Motor Market: Regions
Electric Motor Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Electric Motor Market in North America held the largest market share of in the year 2018 and is anticipated to secure the leading position during the forecast period. This is due to economic development and aerospace industry expansion. The US is a leader in the market for electric motors. Therefore, among the North American nations, the market share of electric motors is largest. Due to rapid industrialization, the Asia Pacific countries are expected to be the largest electric motor market during the forecast period and are moving towards internet-based industrial operations in each industry. The developing countries in the Asia Pacific region, such as South Korea, Japan and Australia, are increasingly exploring the potential of creative services and connected devices, according to the GSM Association.
Electric Motor Market: Key Players
– ABB Group
– Company Overview
– Business Strategy
– Key Product Offerings
– Financial Performance
– Key Performance Indicators
– Risk Analysis
– Recent Development
– Regional Presence
– SWOT Analysis
– ARC Systems, Inc.
– Asmo Co., Ltd.
– Brook Crompton UK Ltd.
– Dr. Fritz Faulhaber GmbH
– Emerson Electric
– Maxon Motors AG
– Regal Beloit Corporation
– Rockwell Automation, Inc.
– Siemens AG
Electric Motor Market report also contains analysis on:
Electric Motor Market Segments:
By Motor Type:
– AC Motor
– Synchronous AC Motor
– Induction AC Motor
– DC Motor
– Brushed DC Motor
– Brushless DC Motor
– Hermetic Motor
By Output Power
– Fractional Horsepower
– Integral Horsepower
By Speed:
– Low-Speed Electric Motors (Less Than 1,000 RPM)
– Medium-Speed Electric Motors (1,001-25,000 RPM)
– High-Speed Electric Motors (25,001-75,000 RPM)
– Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)
By Application:
– Industrial Machinery
– Motor Vehicles
– HVAC Equipment
– Aerospace and Transportation
– Household Appliances
– Others
– Electric Motor Market Dynamics
– Electric Motor Market Size
– Supply and Demand
– Current Trends/Issues/Challenges
– Competition and Companies Involved in the Market
– Value Chain of the Market
– Market Drivers and Restraints
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Market Overview:
The globalElectric Motormarket size is segmented on the basis of application, end user, and region, with focus on manufacturers in different regions. The study has detailed the analysis of different factors that increase the industries growth. This study also provides the scope of different segments and applications that can potentially influence the industry in the future. Pricing analysis is covered in this report according to each type, manufacturer, regional analysis, price.Electric MotorMarket Share report provides overview of market value structure, cost drivers, various driving factors and analyse industry atmosphere, then studies global outline of industry size, demand, application, revenue, product, region and segments. In addition, this report introduces market competition situation among the distributers and manufacturers profile, besides, market value analysis and cost chain structure are covered in this report.
TheElectric Motormarket has witnessed growth from USD milliontill2022. With the CAGR of, this market is estimated to reach USD million in 2030.The report focuses on theElectric Motormarket size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing theElectric Motormarket.
Electric Motor Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. Electric Motor Market Report also mentions market share accrued by each product in the Electric Motor market, along with the production growth.
Top countries data covered in this report:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
What our report offers:
- Electric Motor Market share assessments for the regional and country-level segments.
- Strategic recommendations for the new entrants.
- Electric Motor Market forecasts for all the mentioned segments, sub-segments, and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.
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Table of Content:
1. Executive Summary
2. Electric Motor Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
Continued . . .
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