Electric Motors Market Overview:
In-depth examination of the current future trends, market expansions, regional conditions, market size, growth drivers, limitations, and key players overview along with their business details. Reported historical data from 2017 to 2022 and makes available the forecast data from the year 2023 to 2032 which is based on their revenue status. This Study provides global markets improvement trends, hostile vision assessment, key region developments, policies, plans are discussed, and manufacturing strategies are also discussed.
Introduction of market factors, after COVID impact analysis, Porter's five forces, supply/value chain, competitive landscape, product matrix, peer analysis, and company profiles.
The Global Electric Motors Market size is projected to be worth USD 214.96 billion by 2031, registering a CAGR of 5.32% during the forecast period (2023–2031).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Market Segmentation:
As per the Type
- Brush-less DC motor
- Direct Current (DC) Motors
- Alternate Current (AC) Motors
- Induction AC motor
- Synchronous AC motors
- Brushed DC motor
As per the Power Rating
- Fractional horsepower (FHP) Output
- Integral Horsepower (IHP) Output
As per the Voltage Range
- 60 Volts above
- 10-20 Volts
- 9 Volts below
- 21-60 Volts
As per the Speed (RPM)
- Ultrahigh-speed electric motors (Greater Than 75,001 RPM)
- Medium-speed electric motors (1,001-25,000 RPM)
- Low-speed electric motors (Less Than 1,000 RPM)
- High-speed electric motors (25,001-75,000 RPM)
As per the End User
- Other commercial applications
- Aerospace Transportation
- Heating, ventilating, and cooling equipment
- Household appliances
- Industrial machinery
- Motor vehicles
As per the Region
- North America
- Asia-Pacific
- Europe
- Middle East Africa
- Latin America
Regional Classification:
The regional analysis made on the market of the electric motor shows that Asia-pacific witnessing good growth during the forecast timeline because of the fast pace industrialization and commercialization in the region.
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Industry News:
Wolong Electric on March 2020 absorbed small industrial motors of GE business for USD 160 million.
Key Players
- ABB Ltd. (Switzerland)
- Siemens AG (Germany)
- General Electric Company (U.S.)
- Nidec Corporation (Japan)
- Denso Corporation (Japan)
- Allied Motion Technologies Inc. (U.S.)
- Ametek Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- Emerson Electric Co. (U.S.)
- Hitachi Ltd. (Japan)
- Johnson Electric Holdings Limited (Hong Kong)
- Rockwell Automation (U.S.)
- WEG S.A. (Brazil)
- ARC Systems Inc. (U.S.)
- Toshiba International Corporation (U.S.)
