Electric Motor Market (By Output Power: FHP and IHP; By Type: AC Motor, DC Motor and Hermetic Motor; By Application: Motor Vehicle, HVAC Equipment, Machinery, and Others; By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024
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Product Code:
RP-ID-10325525 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
150 -
Category:
Service Industry -
Publisher:
Pub-ID-50
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Electric Motor Market is estimated to reach $173 billion by 2024; growing at a CAGR of 5.7% from 2016 to 2024. Electric motors are driven by the magnetic force, which transforms electrical energy into mechanical energy. It is one of the biggest advancements in the field of technology and engineering. There are various types of motors developed for different purposes. Apart from basic types of motors, numerous types of motors have been developed with special features such as stepper motor, and linear induction motor (LIM), among others, designed as per the requirements of the industry. Motors have a wide variety of uses and are found in cars, hair dryers, fans, drills, clocks, fridges, water pumps, DVD players, washing machine and industrial equipment including mills, robots, extruders, and fork-lift trucks, among others.
Major drivers of the global electric motor market are growing automobile production, rise in adoption of electric vehicles, growing application of induction motors & electronic motors replacing gas turbines in industrial plants. However, fluctuation in the price of electronics in emerging economies and shortage of raw material may hamper the growth of the market. Additionally, rapid commercialization and urbanization, various on-going construction projects of mega cities & metro rails in emerging economies would provide opportunity in the upcoming years.
The global electric motor market is segmented based on the output power, type, application and geography. Output power segment is further bifurcated into FHP and IHP. By type segment, it is segmented into AC motor, DC motor and hermetic motor. Furthermore, application is segmented into motor vehicle, HVAC equipment, machinery, household appliances, aerospace, and commercial.
By geography, the global electric motor market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers U.K, Germany, Russia and others. Asia-Pacific covers China, India, Australia and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Key players of electric motor market are Schneider Electric SE, Baldor Electric Company, Siemens AG, Kirloskar Electric Company, Denso Corporation, Bosch Group, Toshiba International Corporation, Rockwell Automation, General Electric Company and ABB Ltd.
The key takeaways from the report
The report will provide detailed analysis of Electric Motor Market with respect to major segments such as output power, type and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Electric Motor market will be included in the report
Profile of key players of the Electric Motor market, will be provided, which include key financials, product & services, new developments, and business strategies
Scope of Electric Motor Market
Output Power Segments
FHP
IHP
Type Segments
AC Motor
DC Motor
Hermetic Motor
Application Segments
Motor Vehicle
HVAC Equipment
Machinery
Household Appliances
Aerospace
Commercial
Geography Segments
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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