Global Electric Motor Sales Market, By Type (AC Motor, DC Motor and Hermetic Motor), Power Output (Integral HP Output and Fractional HP Output), Power Rating (<1 KW, 1-2.2 KW, 2-375 KW and >375 KW), Rotor Type (Inner rotor and Outer Rotor), Voltage Range (9 V and below, 10-20 V, 21-60 V and 60 V and Above), Speed (Low-speed, Medium-speed, High-speed and Ultrahigh-speed), Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace and Transportation, Household Appliances and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Electric Motor Sales Market
Growing focus on the technological advancements by the major manufacturers, rising demand for electric vehicles around the world, and increasing initiatives by the government to promote awareness in regards to the protection of environment are the major factors attributable to the growth of the electric motor sales market. Data Bridge Market Research analyses that the electric motor sales market will exhibit a CAGR of 6.20% for the forecast period of 2021-2028. Therefore, the electric motor sales market value, which was USD 1,42,342.20 million would rocket up to USD 230,319.02 million by 2028.
Electric motors are based upon the principle or mechanism of electromagnetic induction. In other words, electric motors are the electro-mechanic devices that convert electrical energy into mechanical energy. Electric motors cost lower than the fossil fuel motors and are greatly durable, energy efficient, require low maintenance and have high endurance for fluctuating voltages.
Rising globalization and growth in the level of carbon emissions and air pollution will emerge as the major market growth driving factor. Growing penetration of green vehicles in the developing economies, surging focus on the technological advancements in the electric motors and advent of better insulation materials will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and overall rise in the production of automobiles will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise and lack of awareness associated with the benefits of smart motors will act as a growth restraint for the market. Easy availability of low-quality and inexpensive electric motors will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies and fluctuations in the prices of raw materials will further challenge the market growth rate.
This electric motor sales 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, geographical expansions, technological innovations in the market. To gain more info on electric motor sales market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Motor Sales Market Scope and Market Size
The electric motor sales market is segmented on the basis of type, power output, power rating, rotor type, voltage range, speed and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the electric motor sales market is segmented into AC motor, DC motor and hermetic motor. AC motor segment is sub-segmented into synchronous AC motor and induction AC motor. DC motor segment is sub-segmented into brushed DC motor and brushless DC motor.
- On the basis of power output, the electric motor sales market is segmented into Integral HP output and fractional HP output.
- On the basis of power rating, the electric motor sales market is segmented into <1 KW, 1-2.2 KW, 2-375 KW and >375 KW.
- On the basis of rotor type, the electric motor sales market is segmented into inner rotor and outer rotor.
- On the basis of voltage range, the electric motor sales market is segmented into 9 V and below, 10-20 V, 21-60 V and 60 V and above.
- On the basis of speed, the electric motor sales market is segmented into low-speed, medium-speed, high-speed and ultrahigh-speed.
- On the basis of application, the electric motor sales market is segmented into industrial machinery, motor vehicles, HVAC equipment, aerospace and transportation, household appliances and others.
Electric Motor Sales Market Country Level Analysis
The electric motor sales market is segmented on the basis of type, power output, power rating, rotor type, voltage range, speed and application.
The countries covered in the electric motor sales market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the electric motor sales market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure for research and development proficiencies in this region. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the rising production of green vehicles and increased initiatives by the government to promote the conservation of environment.
The country section of the electric motor sales 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 domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Motor Sales Market Share Analysis
The electric motor sales 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 motor sales market.
The major players covered in the electric motor sales market report are ABB, AMETEK. Inc., Franklin Electric, Siemens, Rockwell Automation, Inc., Regal Beloit Corporation, The Lincoln Electric Company, NIDEC CORPORATION, DENSO CORPORATION., Wolong Electric Group, WEG., Johnson Electric Holdings Limited, TOSHIBA CORPORATION., Regal Beloit Corporation, TECO Electric & Machinery Co., Ltd., HYOSUNG HEAVY INDUSTRIES., Allied Motion, Inc., ARC Systems Inc., ASMO Czech s.r.o. and Brook Crompton UK Ltd 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 The electric motor sales market is segmented on the basis of type, power output, power rating, rotor type, voltage range, speed and application strengths and provide competitive analysis for each competitor separately.
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