Global Electric Motor Market Research and Upcoming Forecast Report
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description and Highlights Report Description Electric Motor Market Outlook 2026:
According to the latest report by IMARC Group, titled “Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global electric motor market reached a value of US$ 101.1 Billion in 2020. The report further anticipates the market to reach a value of US$ 162 Billion by 2024, at a projected CAGR of 4.35% during 2019-2024. Request for a PDF sample of this report: https://www.imarcgroup.com/electric-motor-market/requestsample
Report Description and Highlights
Report Description
Global Electric Motor Market Drivers/Constraints:
Electric vehicles are environment friendly since they do not emit toxic gases or smoke into the environment and also minimise energy consumption. As a result, there is a rise in the demand for hybrid and electric vehicles which, in turn, is further elevating the growth of the electric motor market globally. The various government initiatives and regulatory policies aimed to promote energy efficiency and reduce carbon emissions in various industrial verticals are bolstering the demand for high-efficiency motors. Some of the other factors contributing to the growth of the global electric motor market are rapid advancements in technology, increasing automation and rapid industrialisation. The high cost of manufacturing and assembling efficient electric motors and the limited portability of large motors hinder the market growth. Moreover, the intense competition in the market also acts as a major deterrent. Looking forward, IMARC Group expects the market to reach a value of US$ 125.6 Billion by 2026.
Report Description and Highlights
Report Description Key Market Segmentation: Breakup by Motor Type: •AC Motor •DC Motor •Others
Breakup by Voltage:
•Low Voltage Electric Motors •Medium Voltage Electric Motors •High Voltage Electric Motors
Breakup by Rated Power:
•Fractional Horsepower Motors •Integral Horsepower Motors
Report Description and Highlights
Report Description Breakup by Magnet Type:
•Ferrite •Neodymium (NdFeB) •Samarium Cobalt (SmCo5 and Sm2Co17)
Breakup by Weight:
•Low Weight Motors •Medium Weight Motors •High Weight Motors
Breakup by Speed:
•Ultra-High-Speed Motors •High-Speed Motors •Medium Speed Motors •Low Speed Motors
Report Description and Highlights
Report Description Breakup by Application: •Industrial Machinery •HVAC •Transportation •Household Appliances •Motor Vehicles •Aerospace •Marine •Robotics •Others
Breakup by Region:
•North America •Asia Pacific •Europe •Latin America •Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc
Report Description and Highlights
Report Description Competitive Landscape: •ABB Group •Siemens Ag •WEG SA •TECO •Regal Beloit Corporation •Nidec Corporation
View Report TOC, Figures and Tables: https://www.imarcgroup.com/electric-motor-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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