Electric Motor Market Projected To Reach $117,288 Million By 2022 | CAGR 3.7 Global Opportunity Analysis And Industry Forecast, 2014-2022
Electric Motors Market Overview: •
Electric Motor Market was valued at $ 91,401 million in 2015 and is projected to reach $117,288 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Electric motors are widely used in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, HVAC applications, disk drives, power tools, electric cars, and automated robots. These high-efficiency motors gain importance over standard motors due to longer operating life, low energy consumption, low maintenance, and high endurance for fluctuating voltages, and others. •
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The report includes the electric motors used in applications such as pumps, compressors, fans, industrial machinery, blowers, domestic appliances, and other applications. The report provides a comprehensive analysis of the types of electric motors used in the industry, including AC, DC, and hermetic motors along with their applications. The revenue generated from the sales of linear motor applications is not considered in the scope of our study. The usage of types of motors in any application depends on the requirements of the application. Therefore, the introduction of advanced electric motors has increased the popularity of high-tech equipment such as robots and electric cars. Moreover, the global electric motor market is segmented based on the output power of the electric motor and their applications in end-user industries such as industrial machinery, transportation, motor vehicles, household appliances, and heating ventilation & air conditioning.
Proactive Government Incentives
High Demand For Electric Motors In Industrial And Agricultural Sectors
✓ Government organizations take initiatives to reduce
➢ Countries, such as India, the U.S., China, Brazil,
environmental pollution caused due to carbon emissions from
and Argentina, show high adoption rate of
vehicles. The government of various regions offers subsidies to
energy-efficient motors in both industrial and
boost the sales of electric vehicles. Several initiatives are being
agricultural applications. Electric motors are
taken by the government of various countries to reduce
widely used in heavy industrial equipment as
environmental pollution. The exemption of fuel consumption
well as agricultural vehicles and machinery.
tax for plug-in vehicles by European Government has
Countries, such as India, Vietnam, Brazil,
encouraged customers to opt for green vehicles. The Green
Argentina, Shri Lanka, and others have a
Vehicle Promotion Measure by the Japanese Government to
substantial population relying on agriculture.
establish tax deductions & exemptions for eco-friendly and
Therefore, the demand for energy-efficient and
fuel-efficient vehicles is expected to boost the growth of
low-cost electric motors has increased in such
the Global Electric Motor Market
countries.
Market Segments: Electric Motor Market Alternate Current (AC) Motor
Heating, Ventilation, and Cooling (HVAC) Equipment
✓ Alternating current (AC) motor is an electrical machine
➢ give you directions for morning work
that converts electric energy (alternating current) into mechanical energy, which is utilized by machines to
function. Widespread adoption of AC motors is due to the general availability of AC power. Moreover, this type of motor can be built easily with numerous features, and varied sizes ranging from a few watts to thousand kilowatts. Therefore, AC motors are classified as synchronous and induction motors, owing to the plethora of characteristics. They are mainly used in
industrial applications and machine tools.
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Key Benefits â&#x20AC;˘
The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the electric motor market.
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Porters Five Forces analysis highlights the potential of buyers & suppliers of the electric motor market, and provides insights on the competitive structure of the global electric motor market to develop effective strategies.
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The current and future trends are provided to enhance the potential of the overall electric motor market.
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Value chain analysis provides a systematic study of the key intermediaries involved, which helps stakeholders to formulate appropriate strategies.
Electric Motor Market Key Segments: By Voltage Range
By Type Alternate Current (AC) Motor • Synchronous AC Motor • Induction AC Motor
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Direct Current (DC) Motor • Brushed DC Motor • Brushless DC Motor
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By Output Power • •
9V & below
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Industrial Machinery
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10V-20V
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Motor Vehicle
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21V-60V
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HVAC Equipment
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60V and above
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Aerospace & Transportation
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Household Appliances
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Other Commercial Applications
By Geography
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Low Speed (Less Than 1,000 rpm)
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Medium Speed (1,001 to 25,000 rpm)
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North America
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High Speed (25,001 to 75,000 rpm)
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Europe
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Ultra-High Speed (Greater Than 75,001 rpm)
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Asia-Pacific
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LAMEA
Integral Horsepower (IHP) Fractional Horsepower (FHP)
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By Speed
Hermetic Motor
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By Application
Key Vendors Profiled In The Report •
ABB Group
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ARC Systems, Inc.
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Asmo Co., Ltd.
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Brook Crompton UK Ltd
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Dr. Fritz Faulhaber GMBH
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Emerson Electric
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Maxon Motors AG
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Regal Beloit Corporation
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Rockwell Automation, Inc.
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Companies mentioned in the report
Other Companies Mentioned In The Report â&#x20AC;¢
Electric motor market, include Whirlpool Corporation, Toyota, Sony Corporation, Bayer AG, DuPont or E. I. du Pont de Nemours and Company, ATI Allegheny Ludlum, Nippon Steel, British Steel Corporation, ThyssenKrupp AG, SAC Armco, Kawasaki Steel Corporation, Redi Services, IHI Corporation, Bechtel Group, MAN AG, Valeo, Tesla Motors, The National Electrical Manufacturers Association (NEMA), Harley - Davidson, Pitman Motors, Elco, GEA Refrigeration Technologies, Embraco, Trane, Century Electric Motors, Eastland Industries, Inc., BDI, Sissco Hoist & Crane, American Crane & Equipment Corp., Bruce Electric Equipment Corp, WEG Electric Corp., Thrush Co. Inc., Arc Systems, Inc., Wolters Motors & Drives, National Liftgate Parts, Inc., EDAC Corp., WESCO, Accurate Electric Motor & Pump Co., Reily Electrical Supply, Inc., Schunk Group, Hansen Motors, ATS Automation Tooling Systems, Inc., Aerotech Inc., Transicold LLC, Bison Gear & Engineering Corp., Leeson Electric, A Regal Beloit Co., Shenzhen Kinmore Motor Co. Ltd, Tianjin Benma Electric Motor Co. Ltd., Connaught Motor (Shenzhen) Co., Ltd., Shenzhen Xin Dong Hui Motor Technology Co., Ltd., LEESON Electric, Adafruit Industries, Mabuchi Motor Company, The Bosch Group, uxcell, A. O. Smith, Grizzly, Nextrox, AmpFlow, Kohree, Dayton, Packard, RioRand, Century Electric Motors, Smith & Jones, North American Electric, Inc, Itron Inc. (ITRI), Toshiba Mitsubishi-Electric India (TMEIC India), AlQuraishi Electrical Services of Saudi Arabia (AQESA), TECO Electric and Machinery Co. Ltd., Microsoft Corporation, and Ameya Transmissions, Cemp S.r.l.
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