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Electric Motor Market

Electric Motor Market Size, Share & Trends Analysis Report

Electric Motor Market Size, Share, Companies & Trends Analysis By Motor Type (Alternate Current (AC) Motor (Synchronous AC Motors, Induction AC Motor), Direct Current (DC) Motor (Brushed DC Motor, Brushless DC Motor), Hermetic Motor), By Output Power (Integral Horsepower (IHP) Output, Fractional Horsepower (FHP) Output), By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial Machinery, Motor Vehicles, Heating, Ventilating, And Cooling (HVAC) Equipment, Aerospace & Transportation, Household Appliances, Other), Industry Analysis, Trends, And Forecast, 2022-2028

Published
Report ID : BMRC 614
Number of pages : 300
Published Date : Nov 2022
Category : Automotive And Transport
Delivery Timeline : 48 hrs
Single User : $3250

Corporate User : $7999

Global Electric Motor Market is valued at USD 125.43 Billion in 2020 and expected to reach USD 193.64 Billion by 2027 with the CAGR of 6.4% over the forecast period

The Detailed Market intelligence report on the Electric Motor Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate the Electric Motor Market place for the forecast 2021– 2027.

Scope Electric Motor Market Report:

The increase in requirement for superior machine management in the automotive sector, due to the extreme efficiency of AC synchronous motors powers the development of electric motor market in India. The laws such as MEPS (Minimum Energy Performance Standards), powers the development of energy competent electric motors market all over the world.

The electric motor creates mechanical energy from electrical energy. Its elements comprise bearings, rotor, air gap, stator, commutator, and windings. Factors such as torque requirements, angular movements, speed, acceleration, and control make AC motors a perfect option for robotic system makers.

Key Segmentations Analysis of Electric Motor Market:

The global electric motor market is divided into output power, motor type, application, voltage range, region, and speed. On the basis of motor type, the global market is segmented into DC, AC, and hermetic motors. AC motors has two sub-divisions, which comprises induction AC motor and synchronous AC motors. In the same way, DC motor is additionally divided into brushless DC motor and brushed DC motor. The AC motor segment held the biggest share, owing to rise in requirement for energy-competent conveyor systems in automotive and manufacturing sectors.

On the basis of output power, it is divided into fractional horsepower (FHP) output and integral horsepower (IHP) output. Based on voltage range, the market is divided into 10-20 V, 9 V & below, 60 V & above, and 21-60 V. The 60 V & above motor section had the biggest share, owing to its elevation in requirement in heavy industrial machinery sector for energy-competent conveyor systems in automotive and manufacturing sectors.

By Motor Type

  • Alternate Current (AC) Motor (Synchronous AC motors, Induction AC motor)
  • Direct Current (DC) Motor (Brushed DC motor, Brushless DC motor)
  • Hermetic Motor

By Output Power

  • Integral Horsepower (IHP) Output
  • Fractional Horsepower (FHP) Output

By Voltage Range

  • 9 V & Below
  • 10-20 V
  • 21-60 V
  • 60 V & Above

By Application

  • Industrial machinery
  • Motor vehicles
  • Heating
  • ventilating & cooling (HVAC) equipment
  • Aerospace & transportation
  • Household appliances
  • Other

By Speed (RPM):

  • 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)

 

Electric Motor Manufacturers

The major players in the global electric motor market are,

  • Siemens AG
  • Ametek Incorporation
  • Allied Motion Technologies Inc.
  • Baldor Electric Incorporation
  • Asmo Corporation Limited
  • ARC Systems Incorporation
  • Franklin Electric Cooperative Incorporation
  • Brook Crompton UK Limited
  • Johnson Electric Holdings Limited
  • Rockwell Automation Incorporation.

Product Launch And Partnership By Major Players To Power Growth In The Market 

Major players in the global market for electric motor adopted product launch and partnership as its major developmental tactic to branch out its business and enhance its product portfolio. For example, WEG S.A, and Spanish private firm, a leading provider of pork, in January 2019 inked partnership deal. As per the deal Spanish private firm has set up W22 Magnet IE4 electric motors at the Manresa facilities in refrigeration system. In the same manner, Nord Drivesystems in December 2017 rolled out IE4, AC synchronous motors for applications in food & beverage sectors. Via this decision Nord branched out its portfolio of PM synchronous motor.

Increase in mergers and acquisitions by leading companies in the electric motors market over the past few years have power the growth of global market. Current market consolidation can be majorly credited to the rising requirement for product innovation, organizational efficiency, market expansion, and technological advancements. Huge-scale industries purchase small-scale companies to elevate their market attendance and branch out their business. Over the coming years, due to several acquisitions, the electric motor market in India has grown.

For example, some of the prominent acquisitions are: Bosch completely purchased EM-motive in 2019. WEG S.A. in 2018 purchased Antriebstechnik KATT Hessen GmbH. Nidec purchased the Emerson Electric Company’s electric motor business in 2017. WEG purchased Bluffton Motor Works LLC in 2017.

North America Added Up For The Biggest Share And Is Predicted To Secure The Vanguard Position During The Coming Period

Regionally, the electric motor market is divided to Europe, North America, LAMEA, and Asia-Pacific. North America added up for the biggest share, and is predicted to secure the vanguard position during the coming period. This is credited to industrial development and growth of aerospace sector. The US is a pioneer in the global market. Hence, the global market share is more amongst the countries in North America.

Regional Segmentation Analysis of Electric Motor industry

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2027
Market Size in 2020: USD 125.43 Billion 
Base year considered 2020
Forecast Period CAGR %:

6.4% 

Market Size Expected in 2027: USD 193.64 Billion 
Tables, Charts & Figures: 175
Pages 200
Electric Motor Companies Siemens AG, Ametek Incorporation, Allied Motion Technologies Inc., Baldor Electric Incorporation, Asmo Corporation Limited, ARC Systems Incorporation, Franklin Electric Cooperative Incorporation, Brook Crompton UK Limited, Johnson Electric Holdings Limited, Rockwell Automation Incorporation.
Segments Covered By Motor Type, By Output Power, By Voltage Range, By Application, By Speed (RPM)
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Electric Motor industry Reports 

  • Global Electric Motor industry report covers in depth historical and forecast analysis.
  • Global Electric Motor industry research report provides detailed information about market introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Electric Motor Manufacturers, Competitive Analysis, Regional and Country levels.
  • Global Electric Motor industry report helps to identify opportunities in market place.
  • Global Electric Motor industry report covers extensive analysis of emerging trends and competitive landscape.
 
SUMMARY
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