Precision Electric Motors Market to Reach Value of US$ 181.89 Billion by 2030, And Rise at a CAGR of 7.0%, Data by Contrive Datum Insights

According to a market research study published by Contrive Datum Insights, Asia Pacific region is projected to hold the highest position in the Precision Electric Motors Market during the forecast period. The Europe market in this region is expected to witness significant growth.

Farmington, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The global Precision Electric Motor Market is to grow at a CAGR of 7.0% and reach USD 181.89 Billion during the forecast period of 2022-2030. The market was valued at USD 106.45 Billion in 2022. A Precision Electric Motors is a device that turns electrical energy into mechanical energy to power other devices. These motors use electromagnetism and are thought to be very durable, good at saving energy, and easy to maintain. Precision Electric Motors are used in many home appliances, industrial machines, and even cars, so the market for them is growing quickly around the world. The global market for Precision Electric Motors will grow a lot because industrial activity is getting faster and the market for electric vehicles is getting better.

Request Sample Copy of Report “Precision Electric Motors Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Precision Electric Motors Market Recent Developments:

  • December 2020 - Tata Motors Ltd delivered 26 electric buses to Brihanmumbai Electric Supply and Transport (BEST), which runs a fleet of buses for commuters in Mumbai, India. The buses were delivered as a part of a huge order consisting of 340 electric buses under the government’s FAME II initiative.

Precision Electric Motors Market Segmentation Analysis:

An AC motor is a type of electric motor that works by using electrical energy to create and control a magnetic field. The magnet-carrying rotor is placed between two conductors. An outside power source sends electricity to the rotor, which makes it produce a magnetic field. When this happens, the kinetic energy of the spinning object is turned into electrical energy. A DC motor is a type of electric motor that gets its power from the way that magnets attract and push against each other. DC motors don't have mechanical commutators and are self-contained. This means that, unlike AC motors, they don't have an internal mechanism that turns electrical energy into rotary motion.
Based on where the products are used, the industry is divided into industrial machinery, automotive, aerospace and defence, home appliances, and healthcare. Demand from countries like China and India ruled the market for industrial machinery. There are a lot of factories in these countries that make precision electric motors for use in many different industries. Over the next few years, the automotive industry is expected to grow a lot. This is because more people are buying electric cars in developed countries like Germany and the U.K., and more people are buying passenger cars in developing countries like Brazil and Mexico. This trend is expected to keep going through the forecast period, which will increase the demand for PEMs in all application sectors around the world by 2030.

Regional Outlook:

Asia-Pacific: At USD 37.77 billion in 2020, this region is expected to have the biggest share of the market over the next five years. This is because India and China are becoming more urban quickly, which has made more people want precise power.

Europe: The market in this area is expected to grow a lot between 2021 and 2028. This will be caused by the growing demand for precision electric vehicles, which will lead to more advanced precision electric motors being used in the area.

Buy this Premium Research Report@

Scope of Report:

Report AttributesDetails
Growth Rate7.0% from 2023 to 2030
Market Size in 2022USD 106.45 Billion
Revenue Forecast by 2030USD 181.89 Billion
By TypeAC Motor, DC Motor
By ApplicationsIndustrial Machinery, Automotive, Defense & Aerospace, Household Appliances, Healthcare, Others
By CompaniesSiemens, Ametek Incorporation, ARC Systems Incorporation, Asmo Corporation, Yaskawa Electric, Allied Motion Technologies, Brook Crompton UK, Rockwell Automation, Franklin Electric, Johnson Electric, ABB ltd., Faulhaber Group, Maxon Motor AG, Hansen Corporation, ASPINA Europe, Agent Group (Pty) Ltd, Maxon Motor SEA, Elinco JPC, and others
Base Year2022
Historical Year2017 to 2021
Forecast Year2023 to 2030

Precision Electric Motors Market dynamics:

Precision electric motors are high-performance motors that last longer and work better overall. Because of how well and efficiently these motors work, they are being used more and more in defence, vehicles, aerospace equipment, and home appliances, among other places. This is a major factor in the growth of the precision electric motor market around the world. Also, precision electric motors have a number of benefits, such as increased efficiency, a high ratio of torque to weight, greater reliability, and less electromagnetic interference around the world. The report has a detailed list of the things that will help the precision electric motors market grow and the things that will slow it down. The report study looked at how the covid-19 pandemic affected the sales revenue of market leaders, market followers, and market disruptors. Our analysis shows the same thing.

Precision Electric Motors Market Key Segments Covered:

Top Market Players:
Siemens, Ametek Incorporation, ARC Systems Incorporation, Asmo Corporation, Yaskawa Electric, Allied Motion Technologies, Brook Crompton UK, Rockwell Automation, Franklin Electric, Johnson Electric, ABB ltd., Faulhaber Group, Maxon Motor AG, Hansen Corporation, ASPINA Europe, Agent Group (Pty) Ltd, Maxon Motor SEA, Elinco JPC, and others.

On the Basis of Type:

  • AC Motor
  • DC Motor

On the Basis of Application:

  • Industrial Machinery
  • Automotive
  • Defense & Aerospace
  • Household Appliances
  • Healthcare
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, and Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • PCR Plastic Packaging Market - The PCR Plastic Packaging market size is projected to be worth USD 74,745.2 million by 2030, registering a CAGR of 6.9% during the forecast period 2023–2030. North America and Europe significantly dominate the global PCR plastic packaging market in terms of market share and dominance. The substantial presence of leading PCR plastic packaging manufacturers such as Berry Global Inc, Amcor Plc, Klockner Pentaplast, and others in North American and European nations is significantly bolstering market growth.
  • Metamaterial Market - The Metamaterial Market was worth USD 357.00 Million in 2022 and is expected to be worth USD 2058.89 Million by 2030, growing at a CAGR of 21.74% from 2023 to 2030. North America led the global market for metamaterials in 2021, with a 34.0% market share. Europe and the Asia-Pacific region came in second and third, respectively. Over the next few years, North America is expected to have the biggest market for metamaterials, followed by Europe.
  • Wave Energy Converter Market - The global Wave Energy Converter Market was valued at USD 18.73 Million in 2022 and is projected to reach USD 26.15 Million by 2030, growing at a CAGR of 4.26% from 2023 to 2030. In 2021, Europe had the largest share of the Wave Energy Converter Market around the world. Due to the fact that many companies in Europe are researching and developing wave energy converters, it is expected that these devices will be fully used and adopted there. Between 2010 and 2020, 12 MW of wave power was put in place in Europe.
  • Menstrual Cup Market - The global Menstrual Cup Market was valued at USD 835.6 Million in 2022 and is projected to reach USD 1,557.8 Million by 2030, growing at a CAGR of 6.3% from 2023 to 2030. North America is the biggest market segment for menstrual cups around the world, and this is expected to stay true for the next few years. The growth of the North American market is mostly driven by the rise in the number of women and the need for more products that are safe for the environment.

Customization of the Report: The report can be customized as per client needs or requirements. For any queries, you can contact us at or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

Social: Facebook / LinkedIn / Twitter

Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +
91 9834816757 | +1 2152974078

Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports