Electric Motor Market | Analysis 2019-2031

Electric Motor Market Introduction

The electric motor has been witnessing a tremendous technological advancement due to which the electric motor market is projected to perceive further growth even after reaching its maturity stage. Nowadays, various end-users industries are rapidly investing in enhanced electric motor systems also called as premium motors that are highly efficient.

In addition, in the past years, the premium motor has replaced conventional or standard motors at a significant rate due to several advantages such as low power consumption, longer operating life, and low maintenance. An electric motor converts electric energy into mechanical energy and finds applications in various have appliances and industrial products such as electric fans, domestic appliances, electric cars, power tools and automated robots.

Drivers & Restraints

Increasing awareness among end-users industries and household regarding utilization of eco-friendly products along with government initiatives to promote adoption of green products such as electric vehicles to reduce carbon emission to protect planets environment have been accelerating the demand for premium motors. In addition, increasing need for efficient motors from industrial and agriculture sector and its widening applications are some of the major factors that are projected to continue the market growth throughout the forecast period. In contrast, low portability and lack of standardization are some of the factor hampering the market growth to some extent.

Trends

Major players in the market are inclined towards introducing advanced electric motor to enhance the operational performance and improve the efficiency. Moreover, mergers and acquisitions, partnership, and geographical expansions are some of the key strategic trends observed in the market.

Market Scope

The global electric motor market is been segmented by type, speed, output power, and application.

a) Type

• Alternative Current (AC) motor
  • Synchronous AC Motor
  • Induction AC Motor
• Direct Current (DC) motor
  • Brushed DC Motor
  • Brushless DC Motor
• Hermetic Motor

b) Speed

• Low-speed Motor
• Medium-speed Motor
• High-speed Motor
• Ultra-high speed Motor

c) Output Power

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

d) Application

• HVAC Equipment
• Motor Vehicle
• Industrial Machinery
• Aerospace and Transportation
• Household Appliances
• Other applications

Regional Outlook

Major region targeted in the global electric motor market are North America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa (MEA). In terms of value, North America dominated the market owing to the high adoption of premium motors in various applications such as automotive and home appliances. Moreover, the market in Asia Pacific region is projected to expand at the highest CAGR owing to increase in adoption of advanced motor among various end-user industries to enhance the performance and meet the government mandates.

Electric Motor Market Competitive Landscape

Prominent players in the market are focused towards introducing advanced electric motor and expanding geographical presence to expand their local manufacturing and assembly capabilities. For instance, in July 2016, Emerson setup a service center in Pasadena, Texas and expanded its local manufacturing and assembly capabilities.

Some of the key players identified in the market include Allied Motion Technologies Inc., Ametek Incorporation, ARC Systems Incorporation, Asmo Corporation Limited, Baldor Electric Incorporation, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Johnson Electric Holdings Limited, Rockwell Automation Incorporation, and Siemens AG.

The research study would provide an in-depth assessment of the electric motor market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by type, speed, output power, application, and region included in this research report scope.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on electric motor market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.