Dublin, April 28, 2022 (GLOBE NEWSWIRE) -- The "Electric Motor Market by Motor Type, Output Power and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global electric motor market size was valued at $106.3 billion in 2020, and is expected to reach $207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.
Electric motor is compact in size, and converts electrical energy into mechanical energy. Electric motor is used in various applications such as fans, electric shavers, electric toothbrushes, robots, electric pumps, and windshield scrubber. Micromotor find applications in industries such as automotive, robotics, pharmaceutical, and healthcare. It is small in size, lightweight, and has high torque.
The features of electric motor such as high efficiency, high torque, durability, outstanding controllability, and reliability boost its adoption in many industrial applications. Increase in demand for electric motor from electric vehicles, robotics technology, and HVAC applications are some of the key factors that fuel the market growth.
Electric motor is assembled in compressors, pumps, automotive, machine tools, lathe machines, disk drives, power tools, domestic appliances, and electric cars. Despite their high cost, these highly efficient motors are preferred over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, and high tolerance to voltage fluctuations. The need for improved productivity and low power consumption by the applications of electric motor is expected to increase the demand for high-efficiency motor.
However, slow-down in the automotive industry and high initial capital investment are expected to restraint the growth of the electric motor market. Furthermore, rise in demand for electric motor from robotics and automated robot technologies is anticipated to provide lucrative opportunities for growth of the electric motor market.
The global electric motor market is segmented into motor type, output power, application, and region. On the basis of motor type, the market is divided into alternate current (AC) motor and direct current (DC) motor. Depending on output power, the market is divided into integral horsepower (IHP) output and fractional horsepower (FHP) output. By application, the market is divided into automotive, HVAC, medical equipment, industrial machinery, home appliances, and others.
Region wise the global motor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global electric motor market share, and is anticipated to secure a leading position during the forecast period.
The major players profiled in the electric motor market include ABB, ARC Systems Inc., Denso Corporation, Emerson Electric Co., Johnson Electric Holdings Limited, Maxon, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation, Inc., and Siemens.
The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the changing consumer demands. For instance, in February 2021, Nidec Corporation acquired Mitsubishi Heavy Industries Machine Tools Co. Ltd., based in Japan, which deals in motors, machine tools, cutting tools, and related products. The acquisition aimed to improve the product portfolio of motors and actuators.
Key Benefits
- The report provides an extensive analysis of the current trends and future estimations.
- Extensive analysis of global electric motor market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global electric motor market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within the global electric motor market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global electric motor market
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Key forces shaping electric motor industry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for energy-efficient electric motors
3.4.1.2. Rise in awareness about electric and green vehicles among customers
3.4.2. Restraints
3.4.2.1. High initial cost and maintenance of electric motors
3.4.3. Opportunity
3.4.3.1. Improvement in design methods to reduce carbon emissions
3.5. COVID-19 impact analysis
CHAPTER 4: ELECTRIC MOTOR MARKET, BY MOTOR TYPE
4.1. Market overview
4.1.1. Market size and forecast, by motor type
4.2. Alternate Current (AC) Motor
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Direct Current (DC) Motor
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
CHAPTER 5: ELECTRIC MOTOR MARKET, BY OUTPUT POWER
5.1. Market overview
5.1.1. Market size and forecast, by output power
5.2. Integral Horsepower (IHP) Output
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Fractional Horsepower (FHP) Output
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
CHAPTER 6: ELECTRIC MOTOR MARKET, BY APPLICATION
6.1. Market overview
6.1.1. Market size and forecast, by application
6.2. Automobile
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. HVAC
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Medical equipment
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
6.5. Industrial machinery
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country
6.6. Household appliances
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country
6.7. Others
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis, by country
CHAPTER 7: ELECTRIC MOTOR MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.1.1. Market player positioning
8.2. Top winning strategies
8.2.1. Top winning strategies, by year
8.2.2. Top winning strategies, by development
8.2.3. Top winning strategies, by company
CHAPTER 9: COMPANY PROFILES
9.1. ABB
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. R&D Expenditure
9.1.7. Business performance
9.1.8. Key strategic moves and developments
9.2. ARC Systems Inc.
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. DENSO CORPORATION
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. R&D Expenditure
9.3.7. Business performance
9.3.8. Key strategic moves and developments
9.4. Emerson Electric Co.
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Johnson Electric Holdings Limited
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Maxon
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Key strategic moves and developments
9.7. NIDEC CORPORATION
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. R&D Expenditure
9.7.7. Business performance
9.7.8. Key strategic moves and developments
9.8. Regal Rexnord Corporation
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. R&D Expenditure
9.8.7. Business performance
9.8.8. Key strategic moves and developments
9.9. Rockwell Automation Inc.
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. R&D Expenditure
9.9.7. Business performance
9.9.8. Key strategic moves and developments
9.10. Siemens
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. R&D Expenditure
9.10.7. Business performance
9.10.8. Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/f38bhb
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