Global Electric Engine Market, By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor and Hermetic Motor), Output Power (Integral Horsepower Output and Fractional Horsepower Output), Voltage Range (9V and Below, 10-20V, 21-60V and 60V and Above), Application (Industrial Machinery, Motor Vehicles, Heating, Ventilating and Cooling (HVAC) Equipment, Aerospace and Transportation, Household Appliances and Other Commercial Application), Speed (Low-Speed Electric Motors, Medium-Speed Electric Motors, High-Speed Electric Motors and Ultrahigh-Speed Electric Motors), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Electric Engine Market
Data Bridge Market Research analyses that the electric engine market would exhibit a CAGR of 6.18% for the forecast period. Rising urbanization and industrialization in the developing economies and increasing electrification and automation in the industrial processes are the two major factors attributable to the growth of electric engine market. This signifies that, the global electric engine market would stand tall by USD 181.89 billion by the year 2028.
Also known as elector motor, electric engine is a machine that is used to convert electrical energy into mechanical energy. Electric engines are used for a wide range of applications and work on the principle of electromagnetism.
Increased urbanization coupled with increasing demand for electric vehicles has resulted in growth in the electric engine market value. Growth and expansion of automotive industry coupled with rising personal disposable income will also create lucrative growth opportunities for the electric engine market. Rising global electricity consumption and the use of electrical equipment and machines will also foster the electric engine market growth rate. Stringent regulations on vehicular emissions will also propel the electric engine market growth rate. Increasing environmental concerns coupled with increased demand for HVAC systems in residential, commercial and industrial purposes are some other important electric engine market growth determinants.
However, lack of awareness among small and medium enterprises regarding the benefits they can derive from electric engine will pose a major challenge for the electric engine market growth rate. Also, fluctuations in the prices of raw materials will hamper the electric engine market growth rate. Easy availability of low-quality and inexpensive electric motors will also dampen electric engine market growth rate.
This electric engine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric engine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Engine Market Scope and Market Size
The electric engine market is segmented on the basis of motor type, output power, voltage range, speed and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Global electric engine market, on the basis of motor type has been segmented into alternate current (AC) motor, direct current (DC) motor and hermetic motor. AC motors are further segmented into induction AC motors and synchronous AC motors. DC motors are also further segmented into brushed DC motors and brushless DC motors.
- Based on output power, global electric engine market has been segmented into integral horsepower output and fractional horsepower output.
- Based on voltage range, global electric engine market has been segmented into 9v and below, 10-20v, 21-60v and 60v and above.
- Based on speed, global electric engine market has been segmented into low-speed electric motors, medium-speed electric motors, high-speed electric motors and ultrahigh-speed electric motors.
- On the basis of application, global electric engine market has been segmented into industrial machinery, motor vehicles, heating, ventilating, and cooling (HVAC) equipment, aerospace and transportation, household appliances and other commercial application.
Global Electric Engine Market Country Level Analysis
Global electric engine market is analysed and market size insights and trends are provided by country, motor type, output power, voltage range, speed, application as referenced above.
The countries covered in the electric engine market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the electric engine market and will continue to flourish its trend of dominance during the forecast period. This is because of the overall growth and expansion of automobile sector in this region. Rising demand for electric vehicles on the roads coupled with increasing personal disposable income are some other market growth determinants.
The country section of the electric engine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Engine Market Share Analysis
The electric engine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric engine market.
The major players covered in the electric engine market report are ABB, DENSO CORPORATION, GENERAL ELECTRIC COMPANY, YASA Limited, Arc Systems Inc., BorgWarner Inc., Brook Crompton UK Ltd, FAULHABER MICROMO, LLC, zytek automotive, Marelli Holdings Co,. Ltd., Torqeedo GmbH, PEEI, Oceanvolt, Elaphe Propulsion Technologies Ltd., Johnson Electric Holdings Limited, Portescap, Lafert S.p.A, Brose Fahrzeugteile SE & Co. KG, Amber Group India and AMETEK Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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